DAI interest is high because DAI is being minted in MKR using ETH as collateral. And then lent and borrowed further. But the sudden additional mint has bumped the numbers.deger wrote: ↑ Ok. I was going to hold this on Earn in crypto.com. Was more leaning towards depositing TCAD rather then USDC for this because of the bear sentiment on USDCAD exchange. I am splitting my investments on Cefi and Defi. For Defi I'd have to use USDC/DAI.
I did notice the super high DAI interest rates on yearn. I was trying to understand why is was so high with no luck last night. If DAI is deposited to the DAI vault then where is the ETH coming from that is loaned to get DAI. Sounds like the yDAI vault and yETH vault is integrated. I'll need to research more on yETH vault.
Eitherway gas prices are way to high for me to partake so just using cefi.
Btw, yeth deposits are now suspended until debt ceiling can be raised again. Biggest vault in mkr, huge success.