DAIUSDT
Dai / Tether USD
crypto Composite

Tried both, here’s how it feels in practice:
I ran a DAI loop on Spark last month—supply 8%, borrow drifted up to 7 - 9%, so I was scraping maybe 1 - 1.5% net. Fine, but it needed babysitting: gas, LTV alerts, re-loops every time ETH sneezed.
Swapped 70% of that stack into a weekly-payout desk that spits \~0.45% every Friday (works out to \~24 % APY). Zero upkeep. I just funnel the Friday interest into my degen wallet and leave the principal in stables.
Trade-off is obvious:
• Loop = trustless but hands-on, liquidation risk if the market spikes.
• Weekly desk = hands-off but CeFi counter-party risk.
Right now I keep 30% in the loop when borrow < 6% and the rest earning weekly. Happy to share the Google sheet with the last twelve payouts if you want to see raw numbers—just DM. DYOR and all that.

Tried both, here’s how it feels in practice:
I ran a DAI loop on Spark last month—supply 8%, borrow drifted up to 7 - 9%, so I was scraping maybe 1 - 1.5% net. Fine, but it needed babysitting: gas, LTV alerts, re-loops every time ETH sneezed.
Swapped 70% of that stack into a weekly-payout desk that spits \~0.45% every Friday (works out to \~24 % APY). Zero upkeep. I just funnel the Friday interest into my degen wallet and leave the principal in stables.
Trade-off is obvious:
• Loop = trustless but hands-on, liquidation risk if the market spikes.
• Weekly desk = hands-off but CeFi counter-party risk.
Right now I keep 30% in the loop when borrow < 6% and the rest earning weekly. Happy to share the Google sheet with the last twelve payouts if you want to see raw numbers—just DM. DYOR and all that.

I've said, 2021 was probably a perfect storm for ETH's parabolic move.
> I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria.
> One of the things people seem to be missing is how much of a leveraged casino coin ETH was that drove this rise. Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted.
> BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much.
> Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI.
> BTC parabolic moves, leveraged native ETH to mint DAI, DeFi casino narrative, NFTs, staking hype, triple halving memes, ultra-sound monies.......and Covid lockdown and money
> It was a perfect storm.
> https://np.reddit.com/r/CryptoCurrency/comments/1indhrk/daily_crypto_discussion_february_12_2025_gmt0/mcdygp1/
Another factor I forgot to explictly mention was staking. My thoughts on staking and locking tokens in DeFi, etc is a complete scam. It's a false hope to gullible investors to lock up tokens to stabilize and/or pump prices while the insiders and founders dump premined tokens that they got for free. Here is my comment from 2022
> 320,000 out of the 400,000 ETH valdiators locked their funds after ETH started reaching ~$2,000 since February 2021. That is roughly ~10 Million ETH that are close to half or less when they were locked. Worse millions were locked away when ETH was $3,000 to $4,500.
> Meanwhile the Ethereum Foundation cashed out 20,000 ETH at an ATH of $4,600 on November 11, 2021. Investors essentially gave away their keys and said they'd be happy to hold bags while the Ethereum Foundation cashed out ~$90 Million.
https://old.reddit.com/r/CryptoCurrency/comments/vetn0v/daily_general_discussion_june_18_2022_gmt0/ictl4gx/