Stablecoin staking - page 2. | Bitcointalksearch.org

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Quote from: cryptoaddictchie on July 28, 2021, 06:40:56 AM

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.

Imagine being present during the fourth industrial revolution and missing all profits because you were holding USD. What you should be doing is staking promising cryptos like. NEAR and Celo and Ethereum.

ali1177

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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.

jerry0

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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?

cryptoaddictchie

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Quote from: semobo on July 28, 2021, 10:00:00 AM

I remember a reddit post which is talking about 12% APY staking stable coins but personally I don't like staking since we are locking our funds which is actually against the decentralization in the first so better do trading with it or will go for HODL on an volatile cryptocurrency over staking stablecoin because the inflation eats half of the profits so we are literally not making anything in that staking period.

I know what you mean but of course some wanted to be safe in a market that is so volatile and locking out your stablecoin could be a good way to earn while not inflicting a heavy loss on a process. Some prefer volatility for trading but since we arent on a good market I am prefer staking though I trade as well.

Quote from: DarkDays on July 28, 2021, 12:41:36 PM

Glad you're asking this. To my surprise there aren't many people asking about this crucial information but hopefully they can read this thread.

Ive askwd this caused I want to vent out my frustration to the decrease of the apy. Really hurt stakers!

Quote from: DarkDays on July 28, 2021, 12:41:36 PM

Would be nice to make a final post with your top 3 places, and reason why you chose them as I think this will be valuable to the rest of the community.

Yeah sure, got already 2 suggested by aboved users which got some pretty decent apy. Seems 6% from yearn isnt bad, is it single staking stablecoin? Im avoiding a pair liquidity with other coin due to volatility.

DarkDays

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Quote from: cryptoaddictchie on July 28, 2021, 06:40:56 AM

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.

Glad you're asking this. To my surprise there aren't many people asking about this crucial information but hopefully they can read this thread.

You're right Binance APY dropped considerably it used to be close to 2% now that has more than halved. ATM I found yearn.finance gives 6% APY which is more decent than most others. Nexo does well too but to increase the rate you need to buy their tokens. Of the options, yearn.finance is by far one to consider.

Would be nice to make a final post with your top 3 places, and reason why you chose them as I think this will be valuable to the rest of the community.

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I honestly do not think that stablecoin staking makes sense, not to me at least. I honestly believe that there are much better ways to make money than that. For example Cake auto restaking gives you 98%, which changes day to day I agree but that is basically twice the amount and do you really think that in a year cake will be lower? Honestly? I believe it will be higher for sure but even if it is not higher in a year, which I believe it will be, it will be higher the year after that so you will have basically 4x more money and then some more on top of that, maybe close to 5x just because you are restaking your cake pool automatically.

That is why I do not think that stablecoin makes sense, we are in crypto, if I were so interested in having dollars then I wouldn't put my money into crypto, I would put it somewhere else, even market gives you close to these numbers.

semobo

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I remember a reddit post which is talking about 12% APY staking stable coins but personally I don't like staking since we are locking our funds which is actually against the decentralization in the first so better do trading with it or will go for HODL on an volatile cryptocurrency over staking stablecoin because the inflation eats half of the profits so we are literally not making anything in that staking period.

cryptoaddictchie

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Quote from: passwordnow on July 28, 2021, 07:25:09 AM

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.

Thanks for sharing mate.

Quote from: Bttzed03 on July 28, 2021, 08:18:40 AM

If you're interested in lending pools, Alpaca offers some good rates as well:

BUSD - 10.2% APY
USDT - 12.4% APY
TUSD - 12.3% APY

Damn this one too. I am looking forward to review these platform. 10% is already a good deal. Will check the link you shared.

Abra and Alpaca has decent apy so I think I am looking into their terms. Hope there are more choices guys so we cam compared it.

Bitstar_coin

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Quote from: cryptoaddictchie on July 28, 2021, 06:40:56 AM

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.

Recently i was having same thought about stable coin staking and luckily i stumbled on a thread where the op explains in details about liquidity mining, issues and benefit of liquidity mining, Bittawm's Intro to Liquidity "Mining." The new most profitable form of mining? maybe you should take a look perhaps you might find it useful, he mentioned a platform with good apy as well, in my own case am yet to decide, i feel investing in a good upcoming project will be much better than tying down my funds for little returns, am hoping to get a good ieo to participate on.

Bttzed03

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The reduction is probably connected to the investigation on BlockFi.

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.

BUSD-USDC: 11.78% APR
BUSD-DAI: 13.64% APR
BUSD-USDT: 11.74% APR

If you're interested in lending pools, Alpaca offers some good rates as well:

BUSD - 10.2% APY
USDT - 12.4% APY
TUSD - 12.3% APY

@bittawm has written a review on Alpaca https://bitcointalksearch.org/topic/m.57502634

passwordnow

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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/

cryptoaddictchie

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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.

Topic: Stablecoin staking - page 2. (Read 351 times)