Baby swap is offering high APR i think and i am staking BUSD/USDT.
Present APR in BUSD/USDT is 20%
USDC/USDT 29%
DAI/USDT 28%
For information, this is the Babyswap official link. You can visit Here for more info.
Topic: Stablecoin staking (Read 351 times)
Hello everyone I was wondering if you do have any idea which platform gives the best APY for stablecoins. Ive been staking some of mine on Binance but I did see how it got decreased overtime and trading is now more beneficial than doing staking. Beforr they got a savy 6% APY for usdt and busd but it got lowered, so I am looking for new platform to try on.
If you got some idea kindly share here thanks.
If you got some idea kindly share here thanks.
It is very appropriate if you bet some of yours on binance, this looks better for now than you try to find another platform, currently binance has more good prospects in the next few months.
Maybe what you need to do is just maximize what you have bet, I believe in the future you will get big profits from binance, some of the leading reasons I met in various sources, they say binance is a good project in the future.
In my project, the minimum rate of a stable coin is 10%, the maximum depends only on the storage time. You issue the stablecoin yourself, so you don't pay anything to anyone, which means there is no risk of losses. Don't you believe it? See for yourself.
https://bitcointalksearch.org/topic/m.57304671
https://bitcointalksearch.org/topic/m.57304671
Even if staking platform claim a high apy but in reality still not come close to what you may likely earn when you do flipping, staking to me is a complete waste of time (especially when you are Mobile), the most disadvantage of staking is that you will not be able to sell your coins when the price suddenly shoot up, which means you will have to wait for the staking duration to elapse before any others, reason why I don't fancy the whole staking thing better to hold my assets the way I want.
I personally don’t stake stable coins. I keep my money in projects that have a high upside value and just HODL. I have recently found NEAR and stake NEAR for a sold 11.2% apy. I believe that NEAR is going to skyrocket and I can also earn great staking rewards on the network, so I put my money there.
There are many platform which gives us high APY on stablecoin I don't exact remember the name but I think ALPACA actually one of my friend recommend me this platform because some months ago I was finding the same platform.
Yes, indeed, many sites offer a high percentage, including for stablecoins. But to use them, it means accepting that after a while you can lose your money. I deliberately do not specify the addresses of these sites that offer such a high percentage at USDC rates, because I am sure that such a high percentage is impossible and it looks more like a scam.
Imagine holding USDT for 8% apy when NEAR or Ethereum go up 3x in a year. You are going to get left behind.
The question is - how long can you trust them with your funds? It is legit but who knows, in this market, anyone can abandon their platform or disappear anytime. We have no full knowledge of their intentions here. Right now, they are good to invest with but you need to keep an eye open before something goes awry.
You have a point. Its a matter of risk reward ratio, if you are playing for centralized platform the risk is the same as decentralized too. Dex are also good as they dont have control over things. But also witnessed how this affect the potential breached and hacked by some developers. Flash loan attacks and some dirty tricks.Ive some doubt too on using some dex platform for this thus make me more relying on trusted site like Binance but the problem is the rate is kinda low.
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ApeSwap is a new platform, right?
Wow, I should look for this T&C and also see some reviews whether this is indeed legit or not.
Maybe it is high enough because of still a new platform, we don't know whether it will decrease or not after several months later, earlier may be better
It came after Pancakeswap but I wouldn't say it's new. They had a marketing campaign here before which was managed by @Hhampuz.ApeSwap is a new platform, right?
Wow, I should look for this T&C and also see some reviews whether this is indeed legit or not.
Maybe it is high enough because of still a new platform, we don't know whether it will decrease or not after several months later, earlier may be better
Anyway, they pride themselves for having their own liquidity pool and router unlike many platforms on BSC that are still routing through PCS.
At the moment, they are competing with other projects on Binance MVB II (Most Valuable Builder) program. They made it to the top 10 and will most likely shoot for the top 3.
They are also on Polygon (cross-chain).
About the rates,every platform changes APR depending on the liquidity/demand. IIRC, the rate was higher when those pools were first launched.
The question is - how long can you trust them with your funds? It is legit but who knows, in this market, anyone can abandon their platform or disappear anytime. We have no full knowledge of their intentions here. Right now, they are good to invest with but you need to keep an eye open before something goes awry.
That's always the million dollar question. I wouldn't trust a big amount of money to any of these DEX's (including Apeswap or Pancakeswap) but the rates are too interesting and are worth, in my eyes, the risk to place a small amount of money on them.
higher rates can be too good to be true but i have a trust in pancakewap more than the apeswap because they are the leading exchange right now in the bsc ecosystem . they are decentralized but they are audited .
this can be one of the reason on why we can trust them but if your still scared then you should only deposit smaller amounts or refrain from staking at all . afterall we can still earn through hodling volatile cryptos and they are more safer than staking
The question is - how long can you trust them with your funds? It is legit but who knows, in this market, anyone can abandon their platform or disappear anytime. We have no full knowledge of their intentions here. Right now, they are good to invest with but you need to keep an eye open before something goes awry.
That's always the million dollar question. I wouldn't trust a big amount of money to any of these DEX's (including Apeswap or Pancakeswap) but the rates are too interesting and are worth, in my eyes, the risk to place a small amount of money on them.
I've heard that Compound also supports minting the DAI stablecoin using the wrapped cDAI token. The technology is based on a custom contract, but the process is similar to staking a stablecoin. Clients can mint tokens with APR and then call the function for redeeming to get their ERC20 token back.
Of course, this decentralized method looks pretty complicated. Perhaps the centralized solutions mentioned above are simpler and more convenient.
Of course, this decentralized method looks pretty complicated. Perhaps the centralized solutions mentioned above are simpler and more convenient.
I'm not familiar of platforms that offers a single staking pool for a stable coin other than these custodial services but there are some Yield Farming that has stable coin pair LP. One of which is ApeSwap.
ApeSwap is a new platform, right?- BUSD-USDC: 11.78% APR
- BUSD-DAI: 13.64% APR
- BUSD-USDT: 11.74% APR
Wow, I should look for this T&C and also see some reviews whether this is indeed legit or not.
Maybe it is high enough because of still a new platform, we don't know whether it will decrease or not after several months later, earlier may be better
I am quite new in staking, only stake TKO (not a stable coin) to get TKO also.
Thus, maybe it is good to check and try those on ApeSwap.
I think Apeswap is legit. They are one of the fastest growing DEX at the moment and they recently did a bounty of this forum managed by Hhampuz. Not sure how long these rates will last also, but take profit while you can.
The question is - how long can you trust them with your funds? It is legit but who knows, in this market, anyone can abandon their platform or disappear anytime. We have no full knowledge of their intentions here. Right now, they are good to invest with but you need to keep an eye open before something goes awry.
I'm not familiar of platforms that offers a single staking pool for a stable coin other than these custodial services but there are some Yield Farming that has stable coin pair LP. One of which is ApeSwap.
ApeSwap is a new platform, right?- BUSD-USDC: 11.78% APR
- BUSD-DAI: 13.64% APR
- BUSD-USDT: 11.74% APR
Wow, I should look for this T&C and also see some reviews whether this is indeed legit or not.
Maybe it is high enough because of still a new platform, we don't know whether it will decrease or not after several months later, earlier may be better
I am quite new in staking, only stake TKO (not a stable coin) to get TKO also.
Thus, maybe it is good to check and try those on ApeSwap.
I think Apeswap is legit. They are one of the fastest growing DEX at the moment and they recently did a bounty of this forum managed by Hhampuz. Not sure how long these rates will last also, but take profit while you can.
I'm not familiar of platforms that offers a single staking pool for a stable coin other than these custodial services but there are some Yield Farming that has stable coin pair LP. One of which is ApeSwap.
ApeSwap is a new platform, right?- BUSD-USDC: 11.78% APR
- BUSD-DAI: 13.64% APR
- BUSD-USDT: 11.74% APR
Wow, I should look for this T&C and also see some reviews whether this is indeed legit or not.
Maybe it is high enough because of still a new platform, we don't know whether it will decrease or not after several months later, earlier may be better
I am quite new in staking, only stake TKO (not a stable coin) to get TKO also.
Thus, maybe it is good to check and try those on ApeSwap.
Personally I stake my tokens on pancake swap on Binance Smart Chain. This blockchain is very cheap compared to Ethereum, so I don’t have any obstacles to work with it. The native token cake of this project is quite sustainable (compared to other defi projects of this chain). There is a big TVL and I don’t know what should happen so that there is a puncake swap scam.
Also you can check new farms - sometime there is super high APY for stable coins!
Also you can check new farms - sometime there is super high APY for stable coins!
You're not going to get rich playing with stablecoins, try staking NEAR instead for 11.5% APY. It's around 2usd now and it was at 6usd recently so it's an easy 3x in August.
Thanks for the suggestion, but volatility isnt that good for some of other coins. I am more into staking of stablecoins cause of risk. Its not that I dont do such staking of other coins but we all knew that altcoin price could change a lot in just a matter of time. Your lucky if the coin is only going up how about if its go down? Its not about getting rich. I have some on my trading portfolio aside from staking so I think I know what Im doing mate. Hello everyone I was wondering if you do have any idea which platform gives the best APY for stablecoins. Ive been staking some of mine on Binance but I did see how it got decreased overtime and trading is now more beneficial than doing staking. Beforr they got a savy 6% APY for usdt and busd but it got lowered, so I am looking for new platform to try on.
If you got some idea kindly share here thanks.
You're not going to get rich playing with stablecoins, try staking NEAR instead for 11.5% APY. It's around 2usd now and it was at 6usd recently so it's an easy 3x in August. If you got some idea kindly share here thanks.
Check out Abra's interest rate through stable coins. They got 8% for stable coins as you stake it but IIRC, they were 10% before. I don't know the reason what's with the decrease in interest but that's still higher than your current in Binance.
This is their main website: https://www.abra.com/earn-interest-on-crypto/
Wow this is a pretty good APR already.This is their main website: https://www.abra.com/earn-interest-on-crypto/
Thanks for sharing mate.
There are many platform which gives us high APY on stablecoin I don't exact remember the name but I think ALPACA actually one of my friend recommend me this platform because some months ago I was finding the same platform.
It was already suggested above and it seems that they have good rates towards other platforms that have the same feature for staking with stable coins. Well, the list is there and suggestions keep coming and it will depend on OP what platform he's going to use. Can someone explain the apy vs interest rate? If a site offers l0 percent apy vs l0 percent interest... how much do you earn a year if you put say l0k usd into it for a year? I know its l000 dollars but is that for apy or interest?
Im not sure if Im correct but from my understanding but apy stand for annual percentage yield which gives you certain profit or interest for a certain amount of time which is compounded over a year.In your example your 10k can earn with a 10% apy can give you a 999usd approximately with a daily interest of $2.74.
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