Fantom is building a new Stablecoin.
But overall I woud go out the Stablecoin-Space - In the moments Spookyswaps Boo is very cheap, and there are great staking opportunitys in the Fantom ecosystem.
Topic: Is it worth staking stablecoins? - page 8. (Read 1043 times)
Every gain that it gives is worth it. But most of these platforms have their own risks based on the security that they have. If it's for these De-Fi apps, they're mostly being targeted and sometimes, a bug can be seen and abused by users.
When it happens, the funds are being sucked by those abusers and then if they're hacked, you don't expect something in return through a refund because, at most times, they don't have a reserve. As for the other options, the best possible other options you can make is to convert it to bitcoin.
When it happens, the funds are being sucked by those abusers and then if they're hacked, you don't expect something in return through a refund because, at most times, they don't have a reserve. As for the other options, the best possible other options you can make is to convert it to bitcoin.
I have some USDT and USDC in my portfolio that I'd want to stake in a "De-Fi" dApp without worrying about it in a long time. There are liquidity pools in Uniswap with attractive stake rates, but there's also Compound.Finance with its lending services. Both of these platforms are built on the ETH blockchain, so gas fees would be astronomically high. I've read about some platforms being compatible with Polygon (MATIC), but I'd have yet to see if it's worth the shot (especially in terms of security/reliability).
Do you know the safest way to stake stablecoins without breaking the bank? Also, do you think it's worth it? Or should I consider other options? Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance.
Do you know the safest way to stake stablecoins without breaking the bank? Also, do you think it's worth it? Or should I consider other options? Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance.
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