That's a bit misleading--you can only stake for 10% if you agree to lock up a large amount of money in CRO for a long period of time, and if you agree to a three month fixed-term deposit for the USDC you're "staking". CRO exposes you to arguably more risk than the staking is worth, and the fixed-term deposits have the downside risk of crypto.com literally collapsing and not being able to pay you back.
If you want staking rewards on USDC (from crypto.com) without a fixed-term deposit, the best you can do is 2%. If you want to avoid having to lock up $40,000 in CRO for a minimum of 6 months, the best you can do is 1.5%. Given that you can earn 0.7% on a FDIC-insured deposit in actual USD, that's not much of a deal.
> I'll know the crypto rush is over when you can't "stake" for 10% anymore.
Agree with tkfu that this is misleading. You're looking at 6% for a 3 month lock up right now without investing in CRO. I think 3 months is fairly short compared to say US I-Bonds which are currently paying over 9%.
3 months ago you could have locked in a 3 month investment in USDC for 10% though without any CRO. It should be noted that you're not actually get 10% after 3 months though, more like .25 .1 * (Your investment). 3 months = .25.
* I-Bonds interest changes every 6 months. Lockup period is 1 year. You lose 3 months interest if you take it out before 5 years though.
https://crypto.com/us/earn
I'll know the crypto rush is over when you can't "stake" for 10% anymore.