My comparison was to the S&P 500 index fund.
You've yet to explain how the overhead cost selling a stock is different than the overhead cost of selling crypto. If we take what you say at face value then it's no different for any other asset that makes 15%. There's friction everywhere.

The point is that a stablecoin paying yield is better than a volatile asset going up the same amount on average. It's not an arguable point. It's a fact. A mathematical fact. Stability and predictability are better. The economy has proven this for thousands of years. A year can go by and you can be down 30% on the S&P even though on average it goes up 15%. Anyone who was depending on having 15% more gets totally screwed over when that happens. It does not happen with HBD.

The deal that HBD is offering is better than all bonds and arguably better than most stocks, especially for non-gamblers. To claim that this is "okayish" because crypto degens expect insane returns is unreasonable.