Important distinction - the carry trade yields 4-8% but in fiat terms, not BTC!
So you get yield but lose the Bitcoin upside.
That is what I call a spectacularly bad deal.
It's about that time of the cycle where Bitcoin yield products start rolling out, but we're not like other yield ideas, we're a publicly listed company and we're only going to arb between spot and futures, but we're already claiming returns of 4% - 8%
https://www.theblock.co/post/352173/coinbase-eyes-4-8-annualized-btc-returns-via-bitcoin-yield-fund
Discussion
Ah yes good point, I guess if you're fiat minded you don't account for the loss in purchasing power, you're so focused on the nominal figure