Sparbuch-A-Sentence drops to 3% in February 2023 – more profitable than cryptocurrencies?

The Banque de France has made it official: the Livret-A tariff will not be increased until next February, despite runaway inflation and rising energy costs. However, the returns on our cryptocurrencies available today are not more attractive or particularly difficult to find.

An increase in issue A is planned for February 2023

With inflation galloping and the start of what promises to be a difficult winter due to recent energy price hikes, the Banque de France has decided wait until next February to increase the Livret A rate to 3%.

The 55 million French who use the livret A will therefore have to be patient before they see that their investments in this form of savings get added value.

A decision that could surprise, since the Banque de France nevertheless had the opportunity to do so Check this rate up from November. In fact, the central bank governor has been able to do so since a January 2021 executive order propose a change in the rates to the Minister responsible for the economy during this time of year when he thinks it can help offset inflation.

However, according to a spokesman for the Banque de France, the French in particular will not be able to revise this course upwards so quickly because of the re-evaluation of the latter 2 months ago :

“There will be no extraordinary increase in the Passbook A rate in November, just like there was last May. The August 1 revaluation was significant, even more so for the People’s Savings Account. »

A second reason given would be to encourage French households to consume rather than save. We also remember that when the savings book A rate was raised on August 1, the savers affected were placed over 4.49 billion euros a month in their savings account.

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And yet a better investment than cryptocurrencies?

However, this 3% rate, although it will take a while remains higher than most interest rates currently offered in decentralized finance (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 increase your investments through central financing on registered cryptocurrency exchanges like Kraken, Binance or for example FTX which offers 8% return thanks to its FTX Earn program. Other platforms also offer savings on cryptocurrencies, such as Coinhouse, which offers 5% returns on its crypto booklet.

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Investing in cryptocurrencies is risky (learn more)

However, be aware that in these trying times, with solutions like DefiLlama’s pool ranking, you can quickly find attractive returns, especially for Stablecoins, which represent a significant security guarantee in times of market uncertainty.

The most stable APYs (yields) are typically found in the liquidity pools with the largest Total Value Locked (TVL). In fact most of the time The pools with the most attractive compound returns generally have low TVLs :

Ranking APY DefiLlama

Ranking of pools in descending order of APY on DefiLlama

Of course, the larger the capital contribution to a pool, the higher it is the more the proposed APY will decrease mechanically:

TVL Ranking DefiLlama

Ranking of pools in descending order of TVL on DefiLlama

The cryptocurrency market strongly correlated with the traditional financial market and its share of uncertainties, it is becoming increasingly difficult to find safe and at the same time attractive yield solutions. Some projects are still little known to the general public, and sometimes some cryptocurrency investment strategies can work worrying because of the manipulations to be carried out.

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Source: Le Parisien

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