You shall not be feeling worried about that. USDC and BUSD issued by the same party under newyork's regulators approval. It's more reliable compared with luna UST token. UST token was a garbage token that has no enough funds to peg its stable token.
It's peg with terra luna to make it stable unlike USDC and BUSD which fully pegged with fiat money that being stored in some banks.
I think that would be worth if you are staking it. Im currently still staking and farming using my stable token.
Topic: Would you stake stablecoins now? - page 8. (Read 1110 times)
Before the Terra-Luna incident, with UST crashing, I was into staking stablecoins on Beefy for an average of 12-15% APY, which isn't that bad. However, the whole incident took a toll on me and quickly withdraw from DeFi altogether and temporarily put my money on Binance Savings, for 10% APY, with interest distributed on a daily basis.
Certainly, it wasn't the best move, but at that point, it was the safest option, at least till things stabilize. According to Beefy's discord server, the past few months it's struggling to make ends meet and had to go through changes regarding their fees and BiFi's yield. Ideally, I'd move my funds from Binance to somewhere decentralized again, but after UST dropped to zero, I was skeptical. I'm currently browsing on Beefy and see some interesting options, such as USDC-BUSD, linked below. It's offering 16% APY but the TVL is relatively low, should I be worried about it? Any suggestions or what to look for?
https://app.beefy.finance/vault/cone-usdc-busd
Certainly, it wasn't the best move, but at that point, it was the safest option, at least till things stabilize. According to Beefy's discord server, the past few months it's struggling to make ends meet and had to go through changes regarding their fees and BiFi's yield. Ideally, I'd move my funds from Binance to somewhere decentralized again, but after UST dropped to zero, I was skeptical. I'm currently browsing on Beefy and see some interesting options, such as USDC-BUSD, linked below. It's offering 16% APY but the TVL is relatively low, should I be worried about it? Any suggestions or what to look for?
https://app.beefy.finance/vault/cone-usdc-busd
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