[OrlandoHakim]

Three separate insurance companies offer similar rates to protect stablecoin savings so the market seems to disagree. These are all well capitalized insurance programs run by well-known entities so - not fly by night outfits. That said none have been stress tested in a market crisis as yet.

My only argument is that anyone dismissing crypto as a scam with no use case who hasn’t taken the time to investigate is doing themselves a disservice.

This is a rapidly evolving field with lots of innovation and while it pays to be skeptical, it also pays to be curious.

[whatshisface]

Having an insurance company guarantee your 20% APR for 2.5% APR is not a use case, it's one of:

- The insurance company scamming you,

- The insurance company using you to scam their investors.

- All of the above.

[OrlandoHakim]

Read my response to user SketchySeaBeast below. The 19.53% APY payout rate is not fixed and not guaranteed, just as the interest rate paid in bank savings is not fixed nor guaranteed.

The principle and any interest earned to date is insured if you purchase the insurance. Again, I don’t endorse the insurance products as I haven’t done the research, but elsewhere on this thread I mention Ozone Insurance which claims to be a trustless on-chain stablecoin insurance protocol.