Livret A rate will drop to 3% in February 2023 – More profitable than Cryptocurrencies?

Le taux du livret A passera à 3% en février 2023 – Plus rentable que les cryptomonnaies ?

Banque de France has made the news official: Livret A rate will not be increased until next February despite galloping inflation and rising energy costs. However, the rates of return available for our cryptocurrencies today are not more attractive or particularly difficult to find.

Increase in booklet A planned for February 2023

In the context of galloping inflation and the start of a winter that promised to be tough because of recent energy prices, the Banque de France has decided. Waiting until next February to raise the Livret A rate to 3%.

Thus, the 55 million French citizens using A livret will need to be patient before they see their investment in this form of savings gain additional value.

A decision that may come as a surprise as Banque de France still has the opportunity to choose. review this rate from November. Indeed, since an order of January 2021, the central bank governor has recommend to the minister responsible for the economy that the rates be reviewed This time of year if he thinks it can help stabilize inflation.

However, according to a spokesman for the Banque de France, the French will not see this rate revised upwards any time soon, especially since due to revaluation last 2 months ago :

“There will be no more exceptional increase in the passbook A ratio in November than it was in last May. The August 1 revaluation was even more significant in the People’s Savings Account. »

A second reason cited is not to encourage French households to consume and not to save. In addition, when passbook A rate is raised on 1 August, relevant depositors more than 4.49 billion euros in savings accounts during the month.

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And yet, is it a better investment than cryptocurrencies?

However, although this 3% will take some time, remains higher than most currently offered in decentralized finance (DeFi). Indeed, even the most well-known DeFi protocols in the ecosystem are currently showing very low rates.

DeFi refunds

Examples of returns in DeFi protocols

He it is also possible to grow your investments through central finance On registered cryptocurrency exchange platforms such as Kraken, Binance or FTX, which offer 8% returns Thanks to the FTX Earnings program. Other platforms, such as Coinhouse, which offers a 5% return on the crypto booklet, also offer savings in cryptocurrencies.

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However, remember that in these difficult times there are solutions as follows. Ranking of defilement pools make it possible to quickly find particularly interesting yields stablecoins, an important security guarantee in times of market uncertainty.

The most stable APYs (returns) are usually in the liquidity pools with the largest Total Locked Value (TVL). Actually, most of the time pools with the most attractive compound returns often have a low TVL :

APY Defilation Ranking

Sort of pools by APY in descending order of DefiLlama

Naturally, the larger the contribution of capital to a pool, how much the proposed APY will decrease mechanically:

TVL Ranking Defiling

Sorting of pools in descending order of TVL in DefiLlama

cryptocurrency market be highly correlated with the traditional financial market and the share of uncertainties, it is becoming increasingly difficult to find yield solutions that are both safe and attractive. Some projects are still little known to the public, and sometimes some cryptocurrency investment strategies can be proven. alarming because of the manipulations to be done.

Thanks to our special toaster groupYou can benefit from daily synthesized information and market analysis. helps you invest wisely while saving time. Our analysts specialize in decentralized finance and can assist you generating passive returns through step by step methods and giving you their feedback on the ecosystem.

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Source : Parisian

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

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