Hey everyone,
I’m new to the Defi space and I’m having a hard time understanding stablecoins and Maker. Can anyone help me out? I’m looking for a simple explanation of what they are and how they work. Any advice would be greatly appreciated.
Thanks!
Our only URLs are
All other sites are scams – especially be wary of:
benumbs.cards & bennumb.cards & bennumbs.cards & benumb.cc & many more…
(it can be hard to notice the S and extra N if not careful.)
Welcome to the real deal.
Please bookmark this link — the other sites have simply copy/pasted our html and don’t actually have any cards to sell.
They can be easy to fall for if you aren’t cautious!
Add some complexity, tell John that USTC is also a stablecoin!
Cointest topics relevant to the title are below:
[DeFi Pro](https://np.reddit.com/r/CointestOfficial/comments/v2jl2d/general_concepts_defi_proarguments_june_2022/imd8vvv/)
[DeFi Con](https://np.reddit.com/r/CointestOfficial/comments/v2jl3u/general_concepts_defi_conarguments_june_2022/imdvd6q/)
I’m an average John. I go by Johnny though
Tether and Trust don’t seem to go together
Turns out I am below average Joe
Also, there are now some attempts of making decentralized stablecoins backed by US Treasury bonds that bear 5% yield to holder. I find it a nice experiment to reward users, unlike Tether that uses funds to make millions without compensating people.
Thanks for the detailed post!
I hope John won’t fall for stablecoins that pay up to 20% like I did last bullrun, if it sounds too good, it is.
Great post. Thank you for your service! Newbies rejoice..