2026-01-19 11:36:17

The CeFi profit frenzy in 2021 saw many platforms touting annualized yields of 8-10% on stablecoins and BTC, making it seem like a gift from the sky. The market was filled with cheers, and anyone who dared to question it appeared out of place.

But some teams did not follow the trend. They sat down and truly calculated—where do the returns come from? Where are the risks? The conclusion was a pass. At the time, this attitude indeed caused dissatisfaction, being called outdated, conservative, and even boring.

In hindsight, we all understand now. Those cautious investors who refused to enter turned out to be the smartest decision during the subsequent wave of collapses. The "magical returns" of 2021 were essentially a gamble—betting that nothing would go wrong. But the market never forgives greed.

BTC-1,98%

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All-InQueen

· 5h ago

Really, I didn't touch those 8-10% returns back then. I was surrounded by people crazily FOMOing, but I didn't move. I was mocked to death haha. Looking back now, I still made a profit.

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LiquidityWizard

· 5h ago

actually, the math was never there to begin with. 8-10% on stables while we're sitting at whatever the risk-free rate is... statistically speaking that's just negative carry with extra steps. nobody wanted to hear it tho

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BlockchainFoodie

· 5h ago

honestly this whole thing is just like a poorly designed smart contract recipe for disaster... those 8-10% yields? that's just leverage seasoning piling up till the whole dish collapses. the teams that actually ran the numbers were basically doing farm-to-fork verification while everyone else was just eating blindfolded. greed doesn't pass the Byzantine Fault Tolerance test fr fr

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TestnetScholar

· 5h ago

Back then, anyone who dared to say no was called a reactionary. Now I understand—those who don't FOMO are the real winners.

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gas_fee_therapy

· 5h ago

That's the difference—some people do the math, while others follow the trend. The result is clear at a glance.

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MEVHunterNoLoss

· 5h ago

Really, those who dared to say no back then were indeed mocked by the crowd. Looking back now, they are the ones who were truly clear-headed.

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SandwichDetector

· 5h ago

Really? Those who dared to say "no" back then are now living quite comfortably, haha. Awareness is too expensive; most people can't afford it. 8% annualized? Haha, I just smile and say nothing. Those criticized for being conservative are now laughing at those with FOMO. That's why I never follow the trend; those who do the math always profit. What falls from the sky is never a pie, but a trap. That group is probably still looking for a way to extract gold now.

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