I stake most of my USDT, it is better to stake it as USDT or USDC or DAI ?
Topic: I stake most of my USDT, it is better to stake it as USDT or USDC or DAI ? (Read 51 times)
June 28, 2022, 10:10:25 AM
June 28, 2022, 09:41:12 AM
It's better if you stake in not only 1 stable coin but multi ones to reduce the risk in case something happened to that stable coin. There is plenty of stable coins offered staking like BUSD, USDD, DAI,.. You should spread out over them.
It is a good idea to stake more than one stablecoin for security purpose but it is equally important to chose a reputable platform with proven track record to stake where investors funds are secured and guaranteed.
Also if the funds in question is small, splitting them on multiple stablecoins won't bring a reasonable reward since the apy of stablecoins are usually smaller than normal altcoins staking so if the @op decided to split the funds into different stablecoins it won't generate good reward.
However, if @op also wants to stake some good altcoins for a reasonable reward - (an average of 14.98% apy) mycointainer is one of the good platform to stake, there is a guide on how to get started. Remember to always do your due diligent in all investment option. NFA
June 27, 2022, 10:18:46 AM
It's better if you stake in not only 1 stable coin but multi ones to reduce the risk in case something happened to that stable coin. There is plenty of stable coins offered staking like BUSD, USDD, DAI,.. You should spread out over them.
June 27, 2022, 10:03:47 AM
Is this your new account? you have been asking the same thing in the past. https://bitcointalksearch.org/topic/i-stake-most-of-my-usdt-it-is-better-to-leave-it-as-usdt-or-change-it-to-usdc-5402465
If you in here are only to promote the scam defi and then just leave it. I see that some similar thread in the past and on of these thread already edited. I guess if those accounts have also owned by you. it's not possible to copy and pasting the same thread anytime,.
If you in here are only to promote the scam defi and then just leave it. I see that some similar thread in the past and on of these thread already edited. I guess if those accounts have also owned by you. it's not possible to copy and pasting the same thread anytime,.
June 27, 2022, 09:55:55 AM
USDT, Not 100% backed with real USD and could be frozen.
USDC, Same as USDT but more regulated by U.S. government.
DAI, The only one decentralized stable coin right now that have a better marketcap.
Since you're staking, which mean you're let your coins on centralized party, either USDT, USDC and DAI are same since the site/hacker can stole your tokens.
USDC, Same as USDT but more regulated by U.S. government.
DAI, The only one decentralized stable coin right now that have a better marketcap.
Since you're staking, which mean you're let your coins on centralized party, either USDT, USDC and DAI are same since the site/hacker can stole your tokens.
June 27, 2022, 09:47:43 AM
I stake most of my USDT, it is better to stake it as USDT or USDC or DAI ?
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