Livret A Will Drop To 3% In February 2023 - Is It More Profitable Than Cryptocurrencies?
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Livret A Will Drop To 3% In February 2023 – Is It More Profitable Than Cryptocurrencies?

The Banque de France officially announced the news: Leverett rate will not be raised until next February despite accelerating inflation and rising energy costs. However, the rates of return available today on our cryptocurrencies are not the most attractive or particularly difficult to find.

https://cryptoast.fr/taux-livret-a-passera-3-fevrier-2023-plus-rentable-cryptomoines/

Increase in booklet A planned for February 2023

In the context of accelerating inflation and with the onset of a winter that is promised to be difficult due to recent increases in energy prices, the Bank of France has decided Wait until next February to raise the Livret A rate to 3%..

Thus, the 55 million French citizens who use Live A will have to be patient before seeing their investment in this form of savings take on additional value.

A decision that may come as a surprise, as the Bank of France had the opportunity See this rate up from November. In fact, since an order dated January 2021, the central bank governor has been able to A proposal to review prices to the Minister in charge of the economy During this time of year if he thinks it can help offset inflation.

However, according to a spokesperson for the Bank of France, the French won’t be able to see this rate go up anytime soon, in particular Because of the re-evaluation of the last two months ago :

“There will be no extraordinary increase in the rate of ledger ‘A’ in November, any more than it was last May. The reassessment on August 1 was significant, and even more so in the people’s savings account.”

The second reason invoked was to encourage French families to consume, and not to encourage them to save. We also remember that when the rate of Ledger A was raised on August 1, the savers involved Over 4.49 billion euros in savings account over the course of the month.

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However, is it a better investment than cryptocurrency?

However, this rate is 3%, although it will take some time, Still higher than most rates currently offered in DeFi. In fact, even the most recognized DeFi protocols in the ecosystem are currently showing very low rates.

DeFi returns

Examples of Returns on DeFi Protocols

he is It is also possible to grow your investments through centralized financing On registered cryptocurrency exchanges such as Kraken, Binance or for example FTX, which offer returns of 8% Thanks to FTX Earn. Other platforms also offer savings in cryptocurrencies, such as Coinhouse which offers 5% returns on its crypto brochure.

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However, you should be aware that in these challenging times, solutions like DefiLlama Pool Classification allow you to quickly find attractive returns, especially for Stable coins that are an important guarantee of security during periods of market uncertainty.

The APYs (returns) are usually the most stable in the liquidity pools with the largest total locked value (TVL). In fact, most of the time Pools with the most attractive compound returns have generally low TVL :

APY DefiLlama Ranking

Sort pools in descending order of APY on DefiLlama

Of course, the higher the capital contribution to the pool, the more The lower the mechanically suggested APY:

TVL DefiLlama rating

Arrange the pools in descending order from TVL on DefiLlama

Cryptocurrency market Being closely related to the traditional financial market With its share of uncertainty, it is becoming more and more difficult to find safe and attractive yield solutions. Some projects are still unknown to the general public, and sometimes some cryptocurrency investment strategies may prove to be the case Disturbing because of the manipulations to be performed.

With our Toaster Group, you can benefit from daily composite information and market analysis for Help you invest smartly while saving time. Our analysts specialize in decentralized finance and can help you Generate negative returns via Step by step methods and inform you of their feedback on the ecosystem.

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Source: Le Parisien

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Investing in cryptocurrency is risky. Cryptoast is not responsible for the quality of the products or services offered on this page and cannot be held responsible, directly or indirectly, for any damage or loss resulting from the use of a good or service mentioned in this article. Investments related to crypto assets are inherently risky, and readers should do their own research before taking any action and invest only within their financial capabilities. This article does not constitute investment advice.

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