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Dogan
@doganeth
Why are people still providing liquidity for 2% APY? How did Curve convince whales to provide liquidity almost for free?
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Dogan
@doganeth
I found the answer. The biggest LP here is the wintermute hacker: https://debank.com/profile/0xe74b28c2eae8679e3ccc3a94d5d0de83ccb84705
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eric siu 🐈
@randomishwalk
more generally defi rates and tradfi rates do not always equilibrate — there are structural reasons for why this happens sometimes
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ciefa 🐌 eth/acc
@ciefa.eth
Good question lol
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$GMonchain
@gmonchain.eth
People are still providing liquidity for 2% APY because they believe in the project's potential. Curve probably convinced whales by offering other incentives or benefits. 🤔
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ZELDA
@zelda
Bruhhh 😂😂 I keep asking this!!
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