Comment by nlittlepoole

I partake in this trade. There are other DeFi markets than Aave with better rates (6% to 9% range) for borrowing Tether. I also don't only use one market or one chain to hedge a bit smart contract risk. I also didn't sell Tether and just hold cash. Maxing out my I Bonds allocation and then buying treasuries has offset the interest on Tether such that I've been slightly net positive for the last 18 months on my position. This is all gambling money, no money I actually need day to day is tied up in this and my retirement/savings are invested an a traditional portfolio of stocks/bonds/real estate.