alt Hacker NewsIf the value proposition is better interest rates, it sounds like Palus would get that by giving up their cut, what would be your monetization strategy then?
If the value proposition is better interest rates, it sounds like Palus would get that by giving up their cut, what would be your monetization strategy then?
Lucky for both of us, the value prop isn't just "we are offering better interest rates on the same instruments because we gave up our cut"
It's actually "we found a way better set of instruments for long-term cash that allow us to offer better interest rates without giving up the cut altogether"
That being said, we do think the current treasury products can be a little predatory with their rates. For example, Rho charges a variable rate that peaks at 0.6% for any deposit of $2M or less. We think that's crazy so our margin is a flat 0.25%, no asterisks or fine print.