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submitted 1 month ago* (last edited 1 month ago) by MacNCheezus@lemmy.today to c/microblogmemes@lemmy.world
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[-] MacNCheezus@lemmy.today 1 points 1 month ago

No, they don't charge higher transaction fees in order to pay those reward rates, they just give up on making any profit from that and instead try to profit from charging interest. Which of course is disproportionately paid from people who cannot actually afford it.

this post was submitted on 16 Nov 2024
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Microblog Memes

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A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

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