I knew the rates wouldn't be able to be sustainable but I just didn't think they drop this fast. I am looking now for a secure safe place to start staking usdc again.
Previously I would be getting 12% on USDC on crypto.com but now since the stablecoin reduction the max I can earn is 10% on USDC for a 3 month lock up and that's only if my ENTIRE stake portfolio is under $30k not just usdc. Anything above 30k will be cut in half again meaning that 10% gets slashed to 5%.
So I'm effectively going from 12% usdc staking down to 5% with this change.
I am now on the market to find the next best thing. I prefer to only use big well known exchanges so I don't have to worry much about hacks or rug pulls from them and feel safer leaving large sums of money there.
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