Wouldn't we need a lot more than 2-3% to mitigate inflation?
Or is this the highest yield to be found given the criteria?
I'm a smooth-brain, just trying to understand.^^

    Is earning $UST on Anchor Protocol (20%) worth considering or too risky?
    I'm 'for' regardless 🙂

      jellyfish Yeah, with how USD is performing you're probably quite right. This is really a short-term, risk-off measure. Pretty much a substitute for what we are doing now, which is just holding USDC on our books while we decide an optimal strategy.

      We could certainly get risk-on yield elsewhere, but we're in an in-between spot with this USDC. Ideally the risk-on deployment aligns with our strategic role as the decentral bank of carbon, instead of assuming risk solely for nominal yield.

          optima Gotcha, thanks for clarifying!
          And I assume one restriction is that these funds have to stay within Polygon, correct?

              NomYap Yeah... the yields would certainly be more attractive, haha.

              I think we should be pretty risk-averse, as we have carbon-centric strategic goals and this is really short-term while we decide a risk-on deployment that aligns with Klima.

                Is this APY on a non-restricted basis - ie, you can withdraw anytime? Isn't Nexo offering much higher rates for USDC on Polygon?

                  Sirob Correct, withdrawal any time without penalty. Risk-off, blue-chip platforms, decentralized and permissionless. AFAIK Nexo isn't decentralized & non-custodial, they are more of a fiat on-ramp to defi?

                  The new NEXO bridge pools have like 17%, yeah, there're certainly more rewards out there - but come with priced-in risks as well.

                  Main hope here is just to whitelist a non-controversial, widely accepted top-performing platform, time-tested and rigorously audited, so we can not worry about risk while we devise a strategic deployment of this USDC.

                      Sirob I wouldn't be comfortable with NEXO because it would require a custodial wallet.

                        optima Right yes, if the goal is non-custodial and decentralized, Nexo is not the right one.

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