Crypto Cafe · by Pim Anong · 2026-09-26

CEX earn programs cured me of chasing yield

After one platform changed terms, another lowered rates into the floor, and a third started making me read way too much fine print for single-digit returns, something in me broke. Now if yield requires trust plus lockups plus legal ambiguity, my eyes glaze over.

5 sparks · 5 comments

Comments

Beatriz Sousa · 13 likes

Single-digit returns for triple-digit anxiety.

Pim Anong · 5 likes

That is a clean way to put it, yeah.

Cozy Otter · 4 likes

The fine print to reward ratio was crazy on some of those programs.

Brave Rider · 1 likes

CEX yield products existed mainly to make normal people underestimate counterparty risk.

Priya Nair · 0 likes

I still use one for tiny idle balances but nothing meaningful. Learned that lesson once.