By brando28 on Skatehive
Perhaps the best investment I've made this year was joining and depositing $USDT on Altura. During Q1, we have witnessed a bloody red crypto season with almost every volatile asset down badly. Meanwhile, my Altura position is up 4.21% ($10.5 earned with a $249 initial deposit). On top of that, I've also earned $38 worth of $ALTU tokens. 30% of these will be available at TGE, the rest is vested. So how does it work? Altura is truly DeFi made simple. All you have to do is deposit some $USDT in the Altura vault, or in other words, mint AVLT, which then represents your position. These tokens are increasing in value over time, with around 20% base APY, so no rewards claiming or re-staking is required. Just sit back and enjoy! The 20% yield comes from the USDT used in different DeFi strategies, which you can further examine on the Altura Proof of Solvency page. All in all, the Altura team has been very straightforward on transparency. For example, their physical gold arbitrage strategy is ve