US Inflation is 7.5% currently - that's very high for the US.
20-30% APR in USD #stablecoins is a great low-risk way to protect yourself against this loss of purchasing power.
But if you think 7.5% is bad, let's look at the currencies in some other countries.
[1/x] 👇
20-30% APR in USD #stablecoins is a great low-risk way to protect yourself against this loss of purchasing power.
But if you think 7.5% is bad, let's look at the currencies in some other countries.
[1/x] 👇
2/
• In Argentina, inflation was 51% in 2021.
• The Turkish Lira has lost 80% of its value against $USD over the last 4 years.
• In Venezuela, inflation was 686% in 2021. In 2018 it was ~65,000%.
The Venezuelan Bolivar depreciated 73% vs USD in 2021, and 96% in 2020.
• In Argentina, inflation was 51% in 2021.
• The Turkish Lira has lost 80% of its value against $USD over the last 4 years.
• In Venezuela, inflation was 686% in 2021. In 2018 it was ~65,000%.
The Venezuelan Bolivar depreciated 73% vs USD in 2021, and 96% in 2020.
3/
If you live in one of these countries, access to a reserve currency like USD is the only way to preserve wealth.
#DeFi and #stablecoins are the solution.
If you live in one of these countries, access to a reserve currency like USD is the only way to preserve wealth.
#DeFi and #stablecoins are the solution.
4/
#TradFi makes it very difficult for residents of other countries to get access to a currency like $USD.
Imagine the value of USD earning 20% APR, if you live in Argentina, with 50% inflation.
Or in Turkey, where the Lira lost 46% vs USD in the last 12 months.
#TradFi makes it very difficult for residents of other countries to get access to a currency like $USD.
Imagine the value of USD earning 20% APR, if you live in Argentina, with 50% inflation.
Or in Turkey, where the Lira lost 46% vs USD in the last 12 months.
5/
Sure, $BTC is a potentially great reserve currency, and crypto natives are willing to tradeoff the volatility for high long term returns.
But for many (especially in developing countries), just having access to a low-volatility stable currency like USD has enormous value.
Sure, $BTC is a potentially great reserve currency, and crypto natives are willing to tradeoff the volatility for high long term returns.
But for many (especially in developing countries), just having access to a low-volatility stable currency like USD has enormous value.
6/
With #crypto and #DeFi, access to internet is all you need to preserve wealth.
Crypto is not just a speculative investment.
It's also a tool to financially liberate people globally and provide access to financial services.
With #crypto and #DeFi, access to internet is all you need to preserve wealth.
Crypto is not just a speculative investment.
It's also a tool to financially liberate people globally and provide access to financial services.
7/
If you don't understand stablecoins, then check out this video:
If you don't understand stablecoins, then check out this video:
https://twitter.com/shivsakhuja/status/1490208946216390657?s=20
8/
Here's how you can passively earn 20% APY on the $UST stablecoin using @anchor_protocol:
Here's how you can passively earn 20% APY on the $UST stablecoin using @anchor_protocol:
https://twitter.com/shivsakhuja/status/1474870079682609153?s=20
9/
Data Sources:
• Inflation - gfmag.com/global-data/ec…
• Currency depreciation - xe.com/currencytables/
Data Sources:
• Inflation - gfmag.com/global-data/ec…
• Currency depreciation - xe.com/currencytables/
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