Are you still afraid to hold large amounds in USDC ?

[Revoltec]

USDC is less 'frozen' than say USDT

Oh really? How do you explain that 1% of USDT supply is frozen while 1.7% of USDC supply is currently frozen?
(That makes even Wise and Revolut look safer! At least they give back your money after having them frozen...)

keep it in DAI

This is even worse than just holding USDC.

You can deposit your USDC on it, which gives you a new token called avUSDC (may vary depending on blockchain), which is a yield bearing token of the USDC you originally deposited and can be swapped back to USDC at any time. avUSDC cannot be locked/frozen, and the underlying USDC is pooled/lent out, so while it can be frozen, it makes no sense to freeze as it'd freeze the whole protocol.

Exactly, the whole protocol can be frozen. Coinbase wouldn't be interested in this at all, as this Protocol lending system is not a competitor for them. Oh wait, they are!

 

[burden]

and what do you suggest as an good alternative for people not so techy as most here?

 

[Revoltec]

and what do you suggest as an good alternative for people not so techy as most here?

It is really hard to find a good solution. Everyone needs to decide what is best for his own situation. Bitcoin is the only thing that cannot be frozen but if you believe crypto will fall in the next 12 months you probably need to make a sub optimal solution with diversification.

But to just claim things like DAI or some protocols are a better solution is dangerous and shows lack of knowledge. In my opinion they increase the risks. Be aware of the risks with USDC and USDT and consider other solutions as well.

 

[SoNewToAllShit]

Bitcoin is the only thing that cannot be frozen but

Is that really true, that's the only coin that can't be frozen, WAOW ?!!

 

[Revoltec]

Is that really true, that's the only coin that can't be frozen, WAOW ?!!

Needs to be repeated as some people in this thread do not realize it sadly...