Been researching Defi and still quite impressed with the APY’s I’ve been seeing. I wanted to reach out and get some opinions on the **safest** **place** to put about $250k for the highest returns. Right now I’m looking into the Anchor Protocol at 19.5% APY – and recently learned that you can insure your larger deposits. The reason I emphasize **safest** is because this is part of parents retirement money. I cannot afford very much risk at all when it comes to this money. Thank you for your input!!!
UPDATES: I am not talking about my parents life-savings here, only a portion of their retirement money. The $250k figure is just an arbitrary amount for this post.
Also, until this thread I wasn’t really differentiating or understanding Defi vs Cefi. When I think about centralized finance, I think of big banks not Gemini or Coinbase; which is now what I’m understanding is considered centralized finance in the blockchain world – if I’m not mistaken.