Ripple (XRPUSD)

[GreedyAgorist]

I just looked to see what you meant, MS. That was my concern a month ago. At that time, I was confused, only seeing the loan yield offered if it was without LBA. But what previously had been a misunderstanding leading to some chagrin on my part is now reality. Sadly, CredEarn gives you only 5% on XRP even with LBA and 3% without (the same as what they offer for XAU).

This may change my accumulation strategy, and spur me to diversify into other cryptos sooner. The 9% made loading XRP a no-brainer. Yes, CredEarn offered--and still does offer--10% on BTC, but I wanted a cheap up-and-comer, not the expensive granddaddy of them all, where it would take 3 months of deposits before I had more than a fraction of a coin. (That is why I use GBTC to play Bitcoin.)

Part of me is not surprised. I was not sure if it was Too Good To Be True or Too Good To Last; I guess it is the latter. Might be a supply/demand thing. You and I and others have generously been loaning out our XRP to take advantage of the 9%, so much so that maybe they do not need any more. Perhaps they finally factored in the escrow, too.

Conversely, if XRP goes up 40% every month, like it did in May, or even 20%, then maybe 9% was chump change anyway. This is why you were laddering... and I was looking to do the same. We were factoring XRP price volatility, rather than the yield itself, which is the traditional rationale for laddering. Now things have changed. I was hoping the higher yield would last another month or so, and who knows, maybe it will be back. Meanwhile 5% is definitely not enough for me; I can get that from fin-prefs.