Why are yield rates on CeFi so much higher than DeFi and how sustainable is this?

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Ethereum ethereum-contract Defi Blockchain

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  • yearn-protocol

    Discontinued Yearn smart contracts

    • During one of their AMA's a while back Alex mentioned that the reason Celsius' rates are so high is because they use all the defi apps like AAVE, Compound, etc and switch amongst them to get the best rates. Never really questioned that answer too much, but today I was looking at yearn.finance and that is what they claim to do (aggregate other defi rates and switch to the best one), but yearn is offering between 2% and 4%. Most defi apps like curve also offer around 2.5% or so on stablecoins. Just wondering how Celsius is able to offer 8.88% yield (and BlockFi is able to offer 8.25%), which is more than twice any rates I was able to find on defi? Still learning here so forgive me if I am missing something.

  • InfluxDB

    Power Real-Time Data Analytics at Scale. Get real-time insights from all types of time series data with InfluxDB. Ingest, query, and analyze billions of data points in real-time with unbounded cardinality.

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