This is a project that is currently running already for 6 months! The project has changed its name from StableSwap to The Privilege Club!
What makes this project is unique is that you can earn up-to 0.5% !!! daily on stables ($USDT and $USDC).
I have been in defi crypto for a long time but these kind of earnings are rare with these kind of numbers.
I “trust” the DEVS of this project and that’s why I also write about it. I also invested in it. Trust is between brackets because you never know in Crypto land. Especially when the yields are this high.
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The different Opportunities
So how is this project financing such high yields?
Spread in OTC Transactions: The platform earns fees through the spread, which is the difference between the ‘Buy’ and ‘Sell’ prices in over-the-counter (OTC) transactions.
On-ramp and Off-ramp Fees: Fees are collected for on-ramp (depositing funds into the platform) and off-ramp (withdrawing funds from the platform) transactions.
Local and International Remittance Fees: Fees are generated from local and international remittance transactions processed through the platform.
Peer to Peer (P2P) Fees: The platform charges fees for peer-to-peer transactions conducted on the platform.
