Genesis Global Trading VS Abra

"Gemini is partnering with accredited third party borrowers including Genesis, who are vetted through a risk management framework which reviews our partners’ collateralization management process. On a periodic basis we will conduct an analysis of our partners’ cash flow, balance sheet, and financial statements to ensure the appropriate risk ratios and healthy financial condition of our partners. Source: 10 months ago

Genesis trading is a company that helps institutional investors tap into the crypto markets. Source: over 1 year ago

I'm like 99% sure you're correct. https://genesistrading.com/. Source: over 1 year ago

However, if your GUSD is in their Earn program, you essentially have what is called third-party risk. Essentially, Gemini has given your GUSD to Genesis. Genesis then uses those GUSD to lend to institutional investors, who are doing god knows what with the GUSD. The point of all of this is to say that if the institutional investor goes bankrupt, or if Genesis goes bankrupt, then you may not be able to get back... Source: almost 2 years ago

They partner with Genesis capital https://genesistrading.com/. I listened to an interview with Genesis about the Earn program and they have a slush fund to cover any defaults. Basically you are fine unless Genesis themselves go under which is unlikely. Source: about 2 years ago

Interestingly to mention, this graphic is also made carefully to exclude earn rates from a wide variety of other sources. Abra (abra.com) for example, has earning rates of up to 10% on USDT (https://www.abra.com/boost/), Ledn offers 8% APY on USDC (https://ledn.io/legal/rates-terms), and God forbid US short term treasuries are up to over 4% (as mentioned by Dylan's text if you go to his thread). Source: over 1 year ago

I hope you found this helpful for more details please visit(http://abra.com). Source: about 2 years ago

Abra is a global crypto platform. You can trade(110+ cryptos), borrow and earn upto 13 % interest on your cryptos. You get upto 2% cashback on all Abra Borrow loans. You also get up to 0.5 % cash back on each trade. Easy to us crypto app and also you can manage your cryptos. For more information please visit abra. Source: about 2 years ago