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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. :)

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.

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.

Stacking stables is not actually stacking, you actually give your coins to someone, and if he loses it he might not give it back to you. So it's not the safest and best choice. I've seen that they might provide 10-15% API or more, and that sounds really dangerous, it's too high for low risk. I use stablecoins for transactions, I don't see any reasons to hold and stack them.

If I were you I'd choose to invest my fiat to time deposit or bonds, fiat and stable coin is same because the price is always stick $1. In banks my funds are insured, it's not like an unknown centralized sites where they're not responsible when anything bad happen in the future.

But since I can choose Bitcoin where the ROI will be higher than stable coin and the security is very safe if you hold on hardware wallet, there's no point for me to hold large amount of fiat or stable coin.

In my opinion, the safest and most reliable way of staking Stablecoins are the pools in Curve. The pools there are created exclusively for stablecoin, and there are pools not only with liquidity allocation between 2 assets, but also more exotic ones with 8 or 10 assets, as far as I remember. Although I can't say that Curve offers great rates on stablecoin staking, but when it comes to platform reliability, percentages shouldn't be the deciding factor when choosing a platform for staking.

I think safest way to stake stablecoins is to deposit them on your binance account. After this you can just open earn section. In that section there are some alternative defi options. As far as I remember there are also locked stable coin staking options. These can profit a lot considering their low risk. Binance warns users that they may completely lose what they deposit through this section's defi option. Although I think Binance picks safer options.

Late last year, I had a taste of what it is when people say it's very risky to stake. Before then I had successfully staked on several occasions and cashed out. It's passive income when the going is good. However, the experience of losing one's assets on staked site isn't something anyone with a high blood pressure should witness. I staked thousands of KCLP and Kroots on the kclp site, believing doing it there would guarantee safety more than on any other site since it's their token, and then one day the rugged thing happened. Everything just disappeared into thin air. My only consolation whenever I remember what happened now is that the prices of those tokens dipped weeks before that incident so much that the quantities I had weren't worth that much again.

You forgot about the inflation rate? I will not recommend staking stable coin for long term cause the returns probably compromised by the inflation or in worse situation the actual value maybe lesser than when you staked if inflation rate is higher than expected so don't stake it and if you still want to go for long term then convert them to BTC and use trusted staking platform.

I hardly stake my stablecoin or bitcoin because i don't know which platform that will be reliable and trusted to stake one's token and coin, when we mention of Centralized exchange with what is going on recently there's no guarantee on your asset or insurance that would covers your assets in any of those platform. There's always a says that said " It is better to chase a black goat at day than the night" because at then it could be very difficult to locate. In full translation; Do not use because of staking percentages and lost all your funds rather could be idea to convert all your assets to bitcoin in a trusted and self costudian wallet to store your assets than just getting all disappeared without any strong backup. The choice is yours and Binance will be the best for staking if you still feels like staking your stablecoin.

There is nothing worse than staking on a centralized exchange. Apparently you are forgetting some safety rules. Don't keep your money on centralized exchanges, for example. That is extremely bad risk management. Also don't forget that exchanges very often change terms and staking rates, even after you blocked the coins. At blocking there were one conditions, after unblocking there are other conditions. So, the last place to recommend centralized exchanges for staking is in the last place.

I didn't miss any or forgotten it, I categorically made it known that no centralized exchange is trusted any more however is of a choice if he wishes to stake his stablecoin. I know too well he knows the implications of centralized exchange so we don't to get bother over this.

The fact that there's no way to claim stolen/hacked funds alone, makes me quite skeptical about "De-Fi". But adding a third-party to help solve this, would greatly "De-Fi's" original purpose of "being your own bank". I guess that's the cost you pay for decentralization and censorship-resistance. It will be up to you to DYOR regarding the "De-Fi" app you're willing to deposit stablecoins into, before regretting yourself in the long run.

If the code of the smart contract has not been audited by a reputable security company, then the risk of losing your funds would be extremely high. Even those smart contracts that are audited, have their own set of issues (nothing's perfect anyways). I'd cash out my stablecoin profits as quickly as I can to help prevent losing it all in an instant. Who knows if "De-Fi" improves over time until it becomes a "force to reckon with"? Just my thoughts ;D

What's wrong with these auditing firms is that they're not even accurate at all. I remember news from Binance that they've been audited and somehow it tends to be an inaccurate audit.
Well, with all of these news and hacks from De-Fi, I don't really give an interest on them and that's why when someone thinks of investing or wanting to take their share there and talks to me how optimistic they are, I'm telling them already the disadvantage of it.

If it is being less risky compared to other tokens in this industry having a more volatile value, then it is a good idea if that is your preference as an investor. We do have our own investment strategy in the first place. Most of the people here would go to a more profitable one despite of the bigger risk involved simply because they are not into long term investment. Problem with investing or staking stable coins is that it will require year/s of holding to earn a small percentage of increase. So if you could deal with that more than tackling the risk on more volatile asset which could generate bigger rate of increase and profit for a shorter period of time, then that would be just fine.

honestly staking stablecoin at this point just not worth it because everyone else also wants to stake theirs that it makes the apy relatively lower, basically it's just enough to combat inflation but not enough to actually make real profit, if you think you only want to combat the inflation then maybe this is for you but if you want to generate profit then forget it already.

staking stablecoin is better than putting it on the bank but as they say higher rewards means higher risk

In any case, the money should work and not be stored without any action.  Staking is much better than deposit interest.  For example, the Bittix platform offers 50 percent per annum from stablecoin staking and this is a very strong argument.

I'm not sure I understand your question here. I guess you can choose established or known "decentralized" staking platforms if you want lower risk of hacks and exploitations. Go for regulated centralized platforms for an even lower risk - those that are highly capable of refunding you.

Yes if you have no immediate need of spending your extra fund. Better than not earning anything but don't put your life savings on it.

I think its worth staking especially if you are a whale and have long term investment goals, then StableCoin staking is the way to go. Also it is less risky than other tokens and coins

If you don't really have any active use for them and you just want to keep them as is, staking is not pretty bad no matter how little the gain is. You're still gaining something after all, not like you're losing the coins for being kept somehere. Any gain is a gain, but just make sure that the platform you'll be staking this is reliable and trustworthy. Stablecoins generally don't lose their value a lot, so any % staked off of the original amount is fine and should not really be an issue.

It is worth it as long as you can withdraw your money from the exchange. I still wouldn’t do that because I don’t trust these exchanges and the annual interest rates for USDT is pretty ridiculous compared to the bank interest rates. And now the SEC is investigating them which makes them riskier than ever. Crypto is and should never be about staking coins on an exchange. It is about self custody. If we are going to deposit money to an exchange and collect interest, what's the point of having crypto? It just means that we didn’t like banks because they didn’t give us good interest rates. :/ not because they are centralized.

That's the way the algorithm works. The more people are staking, the lower your returns will be. But if there are more people borrowing than those lending (staking), rates will be higher than usual. At least, you'll be earning more than just saving your money in a bank. If you choose a good "De-Fi" platform that's audited by a security firm, then your coins will be safe for years on end. That depends if you follow the necessary security precautions to protect your coins against hacks and/or theft. "De-Fi" comes with a lot of risks, so I'd advise anyone to proceed with caution.

I think I'm better off staking stablecoins on "De-Fi" apps running on the ETH blockchain. It's a much safer bet than placing all of my hard-earned money on competing chains. "De-Fi" apps are constantly being improved by devs, so I wouldn't be surprised if it challenges "Ce-Fi" sometime in the future. Who knows how far this industry will go? Just my thoughts ;D

I don’t think it is one of the best investments to stake stablecoins in this moment as almost everybody else does this and this has made the applied yearly interest to come down to little compared to other altcoins.I personally stake Zilliqa through Atomic Wallet and I am happy with the rewards of 15% applied yearly interest.

The good thing about this is that you can add to your balance as you see fit and they accept new coins over the original amount but I guess this should be the norm even elsewhere you stake stablecoins.

I would take those stablecoins are not good for storing for the long term as staking seems to be like that.
Because for me, it doesn't matter how much I would get from staking but what matter to me is the safety of my funds where I know it was secured and give me peace of mind. I know they still have reasons for their existence but then, we also have reason why we don't do staking. I use BUSD and USDT for some transaction but never I think about converting my Bitcoin to them and hold.

A very tempting offer.  Although the risk is appropriate.  Although with the increase in the adoption of cryptocurrencies, the need in good wallets will increase.

Curve for decentralized though Im seeing some stablecoin pools on bsc network but I am yet to know if these platforms are trusted though. Its also the rate of return, of course calculate the rate of inflation on your country and find one that is higher on those platform, of course secure also which is safest. Binance have a 6% on their busd pool. Thats not bad if you want your stable to move while holding, but do this only if you can trust any cex out there. If gonna risk on a cex Id choose binance.  But decentralized platform is better without any ties.

I would say it does, but in a sense that it would be valid only if they are offering you more than a bank savings account does and a trusted place. Lets assume that you have a bank that offers 5% for your interest in USD, and you also saw Coinbase or Binance offering you 6% instead, that means it worths it, because it is both more than what banks offer, and also it is from trusted exchanges.

However, if it is from a place that you do not know about, or not as high as what banks offer you? In that case it doesn't make it worth it. This also depends on the stablecoin we are talking about, some of them are more trusted, some of them are less trusted, hence it's not an easy decision.

Yes, there are ways to stake stablecoins in a safe and cost-effective manner. One option is to use a DeFi platform that is compatible with Polygon (MATIC), which offers lower transaction fees and faster confirmation times than the Ethereum network.
It's important to do your own research before choosing a DeFi platform, as not all platforms are created equal. Look for platforms that have a good track record and strong security features to protect your funds. Also, consider the platform's reputation, community, and governance structure.
In terms of whether staking stablecoins is worth it, it ultimately depends on your personal investment goals and risk tolerance. Staking can provide a reliable source of passive income, but it's important to remember that there are risks involved, such as the possibility of losing your funds due to hacks or smart contract vulnerabilities.
Before staking your stablecoins, consider diversifying your portfolio across different asset classes to spread your risk. You might also want to consider other investment options, such as yield farming, liquidity provision, or decentralized lending.
Overall, staking stablecoins can be a viable way to earn passive income on your crypto holdings. Just be sure to choose a reliable platform, do your own research, and consider your overall investment strategy before making any decisions.

I like that idea but most defi services can give you less than 4% APY. Even 20k will give only 600-800 usdt per YEAR. So small rates... Cefi have 8%+ but after celsius it too risky for me

You may be interested in the opportunity to stake a stablecoin and at the same time get 4.5 percent per month and withdrawal to any cards in the world.  As for me, an interesting opportunity offers bittix.  But I'm still trying to check if everything is working fine.

50 percent per annum from staking stablecoins is a fairly large percentage of income.  Few resources offer such conditions.  I think the most important thing is to make sure that your funds are safe.

in that case, staking is profitable and a smart person will certainly choose where it gives a higher interest. But if a person just looks at the security assurance of their funds, that 1% difference is useless, and they will choose a bank either.
If my goal is to stake coins, it was not in my mind to choose stablecoins. I'd rather choose altcoins where most exchanges offer interesting rewards. It was found to be risky but choosing trusted exchanges like Binance could somehow make you feel even better.

Stablecoin is centralized, if you don't fear the risk of holding a stable coin, why don't you use an intermediary exchange to stake? I mean, if you already trust USDT and USDC, then there's no reason you shouldn't trust Binance, Binance is still more reliable than both of those stablecoins. If you want daily passive income, then you can stake, but if you are willing to hold for long term profit, bitcoin will be better choice. Even though I still use USDT, I don't feel safe using them long-term.

a tempting offer, but what about the security of the funds that the user will stake?  I think a lot of people want to see this information.

What experience do you have with this kind of service?  Staking is now possible on 6 more familiar exchanges, but only at low interest rates.

There's no safest way to staking your stable token safely.  :D

CEFI or DEFI is the same. There's no real decentralized finance. All of these platforms were under control by some people. APY is really small for a legit platform. Even if you do try to stake with high APY and the risk become even higher too.

Staking in CEFI that fully compliance with regulation may become the best way. The celcius case was making me worried staking in DEFI. Once the platform down and you can't get back your money. It's not worth it for me to stake stable tokens.

Binance is good, but with the SEC targeting Kraken for providing staking services, I'm afraid other crypto exchanges will begin closing their doors to US-based customers. The only solution would be decentralized staking through "De-Fi" lending protocols such as Compound.Finance and Curve Finance. These platforms are safe enough to stake stablecoins long-term (so far), but I'd proceed with caution, especially when stablecoins could easily lose their peg in an instant.

At least, staking on "De-Fi" pays better than saving money in a bank. The rewards are higher, but the risk of loss is also higher. You'd need to make a balance just to prevent losing everything "in a blink of an eye". With money still flowing across "De-Fi", adoption will continue to grow at a slow and steady rate. Who knows if "De-Fi" will challenge "Ce-Fi" in the future? :)

Yes, it was hard to trust and put everything on them (De-Fi) as it was safer in the banks. Earning a small penny is not enough to compensate if the situation is too risky but if we are really aggressive to do this without doubts and uncertainties, then that is our decision.

If decentralized finance will consistently performs well, not impossible to see them surpassing centralized finance in the future. It is quiet to see that most traders are still convenient using CEX this time which outperformed DEX but yes, we can't assume that it all goes like this as it is possibly be changed.

who would risk giving their money to a third party to earn passive income?  Although if there are proposals, then there will be those who wish.  In banks, everyone survived on a deposit of money, and it will be the same here.

In this case, everything is pretty banal.  people read information about 50 percent per annum and are no longer interested in anything else.  they see only profit in the future.

One popular option is to use Polygon (MATIC) network, which is a Layer 2 scaling solution for Ethereum that offers faster and cheaper transactions, whether staking your stablecoins is worth it depends on your investment goals and risk tolerance. Staking can provide a relatively low-risk way to earn interest on your stablecoins.
One way to stake stablecoins on Polygon is by using Aave, a decentralized lending platform that offers users high yield on their deposits or the other way is using Curve Finance.

There are a lot of platforms with this right now, you can use some platforms that are reputable, with high total value locked (TVL). Just like AAVE lending (https://defillama.com/protocol/aave)
I am glad that you are interested in Decentralized Finance (DeFi) because there are a lot of people that want to use the centralized exchange to stake their stablecoins compared to using decentralized finance (deFi).

Is that a healthy way of doing it though? Like I get that you can do it, and being able to do it is the first step for it, but should you? That's another topic all by itself. I find it to volatile and too risky to do for me, but it may not be too risky for someone else, maybe for those people it is not risky at all and could be very normal.

I believe that if we could end up with something more decent, more trustworthy, something much bigger and more acceptable everywhere then I would participate as well. But so far? We have seen something that is only doable in a way that it's not really looking all that famous and wide audience at the current moment.

No one can make ensure about your money security in stake or other any investments. Risk is involved in everywhere. As like i have an experienced in Binance where i was staked my stable coins to make passive income, this is reputed exchange so i believe it.

Polygon seems to be the best bet for staking stablecoins. But I'm afraid fees will rise over time as MATIC grows in popularity at a fast pace. At least fees won't be that high compared to the ETH blockchain. Aave is a tried-and-tested "De-Fi" platform, so I think my stablecoins will be safe there. The high-yield deposits are simply too hard to ignore.

If everything works as it should, staking stablecoins would prove to be a lot better than just saving money in a bank. That is if regulators don't take action against "De-Fi" protocols. If they do, then the crypto industry will be doomed. I'd take advantage of this opportunity, before it's too late. ;)

If it was a platform from Polygon (MATIC), you could try it because the transaction fees are not that high. But I've never tried it before and just tried lending my USDT balance on Binance and staking there.

Maybe it's worth doing, but you shouldn't use a too large balance because this is just for testing first to know if it is worth doing or if you should look for something else. But as long as the platform is trustworthy, users shouldn't worry. But still, be careful if you want to try it and only use the money you can afford.

Of course, nobody but we couldn't just say that all stablecoins are useless because despite the bad things we've heard about them, still there are stablecoins are can be trusted, yet we have to be cautious as well. In fact, even if you are investing in Bitcoin you can't also guarantee that it was because even Binance has the chance to get hacked and hackers take your money.
Well, anyways, it is our choice to trust exchanges where to stake our crypto but if not, then choose fiat instead.

I think the main advantage of such software may be that you can rebuild it for yourself.  Ets bots are very malleable in the owner's sweat settings.

When I started using it, I leaked a little depa while I figured out how to set it up, but then, as I figured it out, everything became fine, though I had to spend 4 days

If you are looking for a DeFi dApp that supports staking stablecoins and has low gas fees, you may want to consider platforms built on the Polygon (MATIC) network. Some popular options include Aave and Curve Finance, which offer staking and lending services for stablecoins like USDT and USDC with significantly lower gas fees than the Ethereum network.

However, it is important to note that using any DeFi platform carries some level of risk. Therefore, it is crucial to research and understand the platform's security and reliability before investing any funds.

Another option to consider is using centralized staking services provided by trusted exchanges like Binance or Coinbase. These platforms offer staking services for various cryptocurrencies, including stablecoins, and often have lower fees than DeFi platforms. However, they may not offer the same level of flexibility and control as DeFi platforms.

Ultimately, the best option for staking stablecoins depends on your individual needs and risk tolerance. It is important to consider all available options and do your research before making any investment decisions.

It is based on the pools you are using for the staking. If it is a third-party liquidity pool, there is a risk associated with it. You need to manage those risks  Most of the time these third-party pools will be hacked. My suggestion is to stake stable coins in your decentralized wallet.  If you are using the third-party pool, you can try out the various insurance schemes for those defi products.  If the defi pool got hacked, they will pay you up to some percentage of your capital.

Suggestions :

1. Stake in the decentralized wallets
2. Use an insurance service

To stake stablecoins without spending too much money, it is recommended to use a reliable cryptocurrency exchange that offers staking services, as they usually have strong security measures and insurance policies to protect investors' funds. It is crucial to conduct thorough research and read reviews from other users to ensure the exchange's legitimacy before investing. However, the decision to stake stablecoins should depend on the investor's investment goals and risk tolerance since the returns are lower than investing in other cryptocurrencies, and it can limit liquidity by locking up funds for a specific period. Investors should also consider exploring other investment options, such as stocks and bonds, and seek professional advice before making any investment decisions

i think staking usdc or usdt not wrong, but you must have a lot capital to do that.
i dont know which safe place to staking stablecoin, because im always staking my crypto on exchange, but sometime i also stake in dex, or their own platform too.

i guess the safest place is still in the ETH platform too stake your usdt/usdc for longterm, unless if you ready to take the risk and try another platform for the biggest apr,
u can try, i also dont have recomended which platfrom with highest and safest place to stake, because im very rarely to stake stable coin.

According to the bank rules of our country, they pay 5 to 7 percent interest per annum and 15% income tax is deducted from the interest. In that case four to five percent interest is available excluding tax. But if you stake stable coins, you get 8 to 10% interest in this case, which is much more than the bank. But in this case, even if the bank gives security to our money, if you stake stable coins, you will not get the security of your money as high as the bank. So in that case if you want to get high interest you must take high risk

According with several stable coins seem worth when you staking there and have variation with APY reward above 8% on several exchange market, but I have bad experience with staking on stable coins after losing much investment in USTC or Terra Luna stable coin network. Unbelievable with USTC price drop drastically and ever removed staking before period because unstake on Binance need about 24 hours for return to spot balance.

I don't know the other how much their loss keep holding until USTC price drop right now and I quit awhile with staking on stable coin and prefer looking altcoin with higher reward but keep stable price.

Although ETH is a platform that is highly recommended, its network fees are extremely high when compared to those of other cryptocurrency networks. Stable coin staking is unquestionably one of the profitable alternatives available on the market, but the rewards are typically modest because the coins are steady and don't readily experience bull runs-ups. I'm new to the staking element of cryptocurrencies, but with time, I'll become familiar with it and grasp how it all works. Investors don't like the thought of taking risks that don't yield enormous rewards because staking steady coins is less risky with lower profits.

Stablecoins are not guaranteed at the moment, because stablecoins are based on the rise and fall of the $ itself.
My advice is don't put all your finances in stablecoins, it's better 50:50 you can try holding other coins like ETH, XRP or whatever potentially

If you want to stake stablecoins without breaking the bank, it's best to consider platforms that operate on a blockchain network with low transaction fees like Polygon (MATIC) or Binance Smart Chain. These platforms have gained popularity due to their faster transaction times and lower gas fees compared to Ethereum, making them a more cost-effective option for staking. As for safety and reliability, it's essential to do your research and choose reputable platforms with a track record of secure and transparent operations. While staking can offer attractive returns

This is a bullshit suggestion. Stablecoins is the safest coin if you want keep the value of your asset stable. The idea of the OP is to get profit safely even with small percentage while his assets is protected from crypto volatility. Investing on shitcoins will just make his asset exposed to a lot of risk since crypto market is on a bearish trend. This suggestion of yours is irrelevant to the topic.

@OP, BSC has a cheap transaction and there’s a lot of DeFi project that offer liquidity farming optimization like automatic compounding interest. Just search on the top dapps of BSC to get your preferences option.

What if you only have a less capital? Isn't it possible to stake that way? I think it was still possible but we only need to pick a platform which has a low minimum limit when it comes to staking. Only the coin that I know that needs a high capital in terms of staking is ethereum. I heard you need a whopping of 36 eth in order to get started. Imagine that amount? I think only whales are capable of doing that.

The safe way to stake a coin must be on top centralized platforms, like the ones you are currently doing. There's also staking in dex but there are so many hacks that have happened on them before so I won't ever attempt on trying them.

To become an Ethereum validator, you must have at least 32 ETH. But you can make a profit from staking by having a more modest amount of ETH thanks to the staking pool. Here you can look at the current list of such companies: https://beaconcha.in/stakingServices This service is available on many exchanges, including Binance.

Staking on its own, I found it to be risky. Then staking on a centralised exchange is another risk. Therefore if you are staking on a centralised exchange you are taking a double risk. You should understand what this means saving on an exchange is not a good idea because the exchange can as well be bankrupt or be hacked at any moment. And you will use all your coins.
Now imagine that you have staked a coin for so long and in the end of the year or two years depending on the duration of stake both the exchange and the coin vanished into thin air. What will be your feelings at that very moment.

If you want to stake, look for a decentralized exchange. If there is any  and stake stable coins rather than shit coins.

i dont know, because staking stable coin is give very low return and we have to stake big amount of money for get a great result.
but if you asking for the safest place, maybe you should try like uniswap, pancake swap or another paltform like that.

BSC is a very attractive blockchain for "De-Fi", especially when it's backed by the biggest crypto exchange in the world (Binance). A lot of projects moved away from ETH to BSC, despite the rising success of competitors such as Polygon and Solana. Binance's native stablecoin BUSD may be facing issues with regulators, but there are still plenty of other options to choose from. I'm eyeing PancakeSwap's liquidity pools, to get the most out of my stablecoin holdings.

Of course, there's always a risk when it comes to staking crypto in a decentralized manner. But it's still a better option than staking crypto on a centralized exchange. You and only you control access to your funds by holding the private key. I'd focus on staking trusted stablecoins such as USDT and USDC for complete peace of mind. Maybe they'll last for a very long time? Just my opinion :)

I'm also interested in staking stablecoins in a De-Fi dApp, but the gas fees on the Ethereum network are a concern. I've heard about Polygon being a solution for this, but I'm not sure about its reliability and security. I would appreciate any suggestions or recommendations on the safest and most cost-effective way to stake stablecoins.

You can use Layer-Two networks such as Arbitrum and Optimism on the Ethereum blockchain for ultra-low gas fees and blazing-fast transaction speeds. Many "De-Fi" projects migrated there for increased user adoption. Unlike Polygon and other alternative Blockchains, you can get the same level of security as the main ETH blockchain "without breaking the bank" just by using a L2 scaling solution.

If you play your cards right, stablecoins can make wonders in expanding your purchasing power long-term. The rates provided by "De-Fi" apps are often better than a traditional bank savings account. Regulations will come, but "De-Fi" will emerge bigger and stronger than ever. Who knows if 10 years from now "De-Fi" will become a "force to reckon with"? Just my opinion :)

For me staking stable coins is the best wherein you cannot worry the price if its a bear or bull seasons. I have staking on binance exchange though they are not stable coins but for me it is safe there and I can easily monitor it and let it grow while waiting for the right time to sell in the next bull market. Binance and other exchanges offers stable coin staking maybe you can try it there.

i think it was like loan the exchanges uses your stable coin balance and they givi it a fix ratio of profit on it?

That is why I never recommend to stake your coins on a third party no matter how trustworthy and for how long they have been operating,namely Binance being the biggest exchange we have but no one assure us that they won't go offline after some time.

The best to do is to stake in a wallet which gives you complete access over it,meaning "your keys,your coins" while at Binance this is not true,you don't hold any private key in Binance,you are letting them safeguard your coins which is a really bad security practice when it comes to crypto.

I personally use Atomic wallet and despite not having a lot of stablecoins to stake,I think it has the option to stake a couple of them but I am not sure about it as I only stake Zilliqa there.

To my understanding, staking usdt, usdc etc in your portfolio is a waste of assets and resources; why? because it is no different from using the native banking system fixed deposit method which we all know yields little to nothing in profits when we evaluate the turn over in a year. I think the most appropriate thing to do is to consider other investment options. Which options are there?

1. Trade your usdt/usdc in spots daily targeting atleast 1-5% per day (depending on your trading skills amongst others)
2. Participate nft flipping in opensea, (confirm that you have the skills, knowledge and experience to do this)
3. If you can, it is profitable flipping bitcoin lately on binance; if your usdt/usdc capital is huge; you can target simple %
4. Try participating in IDO events (especially on arbitrum network, the trends favor that chain lately)

I would suggest you avoid the expensive chains; the market is too bearish to spend so much funds on gas fees.
My humble opinion sir

Investors prefer to stake stable  coin because they are wary and unsure what these other coins would give. Stable  coins APR/APY is way too low, I'll rather have my money staked in other ones that aren't stable.

Thanks for your suggestion. I haven't seen that much of returns on "De-Fi", probably because we're in a bearish market. Your chances for profit get lower if there are more people staking (lending) than borrowing. It's certainly not a good idea to stake on centralized platforms like Binance and Coinbase, especially when exchanges have been known to collapse in the past (eg: Mt. Gox and FTX).

If you don't have access to the keys, then you don't control your crypto. It's as simple as that. Both Polygon and BSC have ultra-low gas fees, so I think I'll give them a shot. Who knows how much I'll earn by the time the next bull market comes in?  ::)

When people try to stake stable coin, particularly when it is associated with a high yield, they usually collapse at the end of the day, and other few places where you can stake stablecoin have low yield, and I ask myself what is the point of staking it after a year if I can't yield something tangible. I recommend that you buy coins and keep them rather than staking stable coins. It is safer to buy and hold good coins, and you will surely gain something before the end of the year, making it worthwhile to buy rather than staking.

I've been thinking about staking stablecoins twice, now that a trusted stablecoin like USDC lost its peg a few days ago. Why would I waste my time trying to get a high yield with my stablecoin, if it's not guaranteed to hold the peg of $1 forever? I've thought algorithmic stablecoins were the only ones doomed to failure, but I guess I was wrong. Stablecoins backed by USD reserves depend on the banking system to survive, so there's the risk of losing it all if a major bank collapses (like SVB did).

It seems to me it's best to save money directly in a bank account even though rates won't be that high compared to "De-Fi'. Or you could put everything in BTC and wait until it goes all the way to the moon. Who knows what the future of stablecoins will be?  ???

Use a website that has good trust if you want to stake in stablecoin in big amounts, Right now security is number one besides the return that the platform gives to us. You can stick with Uniswap for my recommendation and always be up to date on the news in case you miss the recent news about the platform for example the platform being bankrupt and giving limited time to withdraw the funds and the reward.

The costs incurred would be enormous if we did dApp betting on any platform, especially if we didn’t bet on the Ethereum platform, but for Matic, they have their own chain so that the platform is quite secure, and in addition, they usually offer a large APY without any cost.
If you’ve tried betting on Binance, there may also be some betting options for stablecoins.

Today we have seen why all these fiat currencies are not to be invested, and that is one of the reasons why you shouldn't have stablecoins and evidently not stake them as well. I mean 1 usdt worths 1 usd, and usd is terrible if you ask me, if 1 usd is terrible then 1 usdt is terrible too, no matter if you stake it or not.

As long as governments keep on printing money and mismanaging the economy, the value of dollar (and all other fiats) will drop, and because they drop, even when you stake it you are losing the purchasing power. If dollar loses 10% value and you stake 5% back, that is not a profit, that is actually losing money and you should keep it in bitcoin instead.

I'd definitely go with the Bitcoin option, though i wouldn't put everything into Bitcoin, i'd definitely have some of my funds in my bank account which is very pertinent, whilst i hodl the rest in Bitcoin. I mean, it is pretty safer and more reliable that trying to stake stablecoins for profit, Bitcoin has a high appreciation rate in the long term, thus if one is patient enough to hodl their Bitcoin for the long term, they are guaranteed to make ROI, and during the period of hodling, one is pretty sure that the Bitcoin is theirs because it is held in their non custodial wallet and they have the control over it, it is not locked up somewhere in another platform, which is pretty risky.

Having said that, i really cannot tell what the future of stablecoins is, but what i know is that many of them cannot be trusted to be stable or safe, they can lose their pegs in the event that whatever they claim to be backed by collapses, and quite a lot of stablecoin hodlers do not know this.

Well in the past I was a fan of staking my coins on the exchanges. It was very easy to earn free coins for not doing anything. Stablecoins like usdt was my favorite to stake.
But now with what is going on in crypto, I do not feel as confident about it. When you stake on the exchange, it does have control over your money. 'Not your keys, not your coins' is now how I feel about this.

Staking stablecoins on a centralized exchange doesn't have any appeal for me, instead of having to use a centralized exchange it's better to use DEX which is of course better because it only uses smart contracts to be able to connect and be able to do staking easily. But currently stablecoins are also quite risky. Just see how USDC can crash to a price of $0.88. Gotta be wary of whatever you holdin' on. But Bitcoin is still the best to hold under any circumstances.

The risk of staking stablecoins is simply too high to bear. What happened with USDC lately, tells us that stablecoins should not be trusted at all. You'll never know when they'll go all the way down the drain in an instant. I think it's best to convert your crypto into cash to avoid unnecessary risks in the long run. Saving money in a bank could be an option, but rates are not that high compared to "De-Fi".

At least, the risk of loss is lower with banks. I'd expect stablecoins to mature once regulators tighten their stance against them. With fierce regulations, stablecoin would prove to be legitimate enough for serious investors. Maybe they will get to live alongside Fiat for generations? Just my thoughts ;D

Yes. The problem is not with the centralized exchanges but it was with the stablecoin themselves. What happens with USDC is not a new occurrence anymore so people should have learned already long time ago that they must stay away from them and stick only with cryptos. If they cant deal with volatility, then this place is not for them.

There is no problem with cryptos so they must not convert it with cash. Cash sucks. It is prone to inflations. Keeping your cash in the banks is even worse. Do you know what happened to the banks lately? Although that wasn't new either. Banks are a bad way to invest and make money. Not only that they are risky but the reward is also tiny. I'll better go with De-Fi than on them.

You could stake on centralised exchange like Binance, Bybit, OKX etc, the only problem with doing that is the low APR but at least you are sure that your fund is safe. I would probably prefer looking for more options with better returns and lower risk.

True. It's also the inflation that I'm worrying about if I convert my crypto to stablecoin because if the inflation happens so fast as the government prints more of the money, the buying power will decrease terribly in a short period of time. And you could be losing opportunity when BTC bounces.

It's why I am staking some altcoins at least just to diversify my investment. But it sure best not to stake on exchanges but in a wallet that is secure and I have the private key.

considering many platforms have apy lower than current inflation it's just waste of time, either try to go big with altcoins that could give you massive return of investments or nothing at all, unless you want to combat inflation i'd say staking stablecoin in general still a waste of time. it's even better just investing small amount of your money in some newer altcoins that looks like gem maybe eventually they will become massive.

if only to fight inflation maybe it can be used as an alternative to staking on stable coins, but for me where we are already familiar with cryptocurrencies, then it is less effective, like you, I agree it is better to choose altcoins than stable coins, for me it is a loss to wait in long term if only fighting inflation, unless we have a lot of money, but in small amounts it would be better to make a profit

I just stumbled across this thread, and I'm sure you know what you're doing by now--but goddamn, all of this sounds extremely risky.  Not even just the risk of handing your coins over to someone else; I'm wondering how these....whatever they are, sites, smart contracts, whatever....make their money that they return to you.  Are they lending it out?  Investing in something that's even riskier?  

These are stablecoins we're talking about, correct?  These de-fi services have got to be doing something similar to what banks do, else there's no return to be had.  If I owned any stablecoins (which I don't), I'd be way too afraid to invest them that way.  Eek.

If all that comes to pass, who needs stablecoins?  What's the advantage of them over cash if they're regulated in such a similar manner that they're equivalent?

Staking stablecoins is of course safer and worth it than stacking other coins, because it can avoid the ups and downs of the crypto market which is very high risk.
I highly recommend looking for a safe stablecoin stacking place like Binance , I've been stacking coins on binance for years and never had any problem

To soo many staking stablecoins is not that profitable but there are more safer and can help reduce losses involved in staking especially in the bear market.The market is currently very unstable so it is much better to stake stablecoins nowadays.

isn't volatility is the bane of reason why currently cryptocurrency have so much trading volume, I think volatility is always good if you see it from other perspective.
meanwhile stablecoin staking nowadays was created just to combat inflation like many have spoken, it's indeed good enough staking option but then again not gonna make you rich.

if you want to staking safely and get a definite value, then stable coins are the right and worth choice, but if you want to staking while investing, then I suggest you to invest in BNB, because you can staking while holding BNB until the price goes up, so you can get double profits (from the price of BNB increase and staking).

coexistence with Fiat is not an impossible thing. Now stablecoins and Fiat are both needed. Using a gateway to connect the two. Stablecoins are still the last resort, at least for now BUSD, USDT are still quite safe (but still risky in the future without strict regulation).
The risk of loss at the bank may only be in fees that are charged every month, but there is no privacy for anyone, but with Fiat privacy becomes safer and we can manage everything.

I once tried staking stable coins on Binance. but it didn't work out because it turned out that the profits that were obtained in that period were not worthy. Maybe because I have only a few stable coins so the results are very small too. So I prefer to keep it in the form of Bitcoin for long term preparation, at least to get profits in the bullish period later. This sounds more profitable. Because at the time of staking, we can no longer mess with these stable coins.

Honestly, staking stablecoins is just like putting fiat money in the bank and the percentage that they have offered back to us holders is very small which I see was not enough to compensate for the risk and the time we spend. Because doing this is just like we give an opportunity for the exchanges to earn more profit while for us traders, it is only as small shares which are not really acceptable.
If we aim to grow our money, staking stablecoins is not really the best option, we can use our funds for trading or just invest in Bitcoin and ETH.

true, staking stablecoins require tremendous capital if we want it to be worth it, at least we need minimal of more than thousands dollars just to get some measly returns and it definitely requires longer period too, i'd say it's just better investing instead, stablecoin isn't gonna make someone rich through staking, it's just a way to combat inflation like everyone has stated.

I agree with you, because in my opinion the safest place to put money is a bank, but indeed bank interest is now getting smaller and meaningless, on the other hand stacking stablecoins is a more profitable thing, but you also have to pay attention to which coin you want to stack, make sure the coin is safe for investment.

If you have any fund you don't plan to use now, you can stake it and earn decent interest from it, 10% APY is a good return if you are being conservative, but a degen investor would earn more than this. I would advise you to stake it on Binance because your chance of getting your funds back is high, most of these DEXes  carry significant risk and you need to understand it, especially from hackers, Euler was hacked recently and most of the users are sweating and praying for the hackers to refund the money

Staking stablecoins on DeFi platforms built on Layer 2 solutions like Polygon is a safe way to avoid high gas fees. Aave and Curve are examples of platforms integrated with Polygon that allow staking stablecoins like USDT and USDC with lower fees. Alternatively, staking on centralized exchanges that offer staking services can be convenient with high rates and no gas fees, but it carries some risks. Now its all up to you which one will you chose

Stablecoins are not worth for staking. The better way would be to exchange them to another altcoins and then stake - max profit ~48% per year or less. You can PM me and I will send you the link, where you can exchange and stake to up to 48% profit per year.

Have seen some misleading ideas about USDC you can do proper research and take your own decision about your funds mate! The thing is security and trustfulness of crypto space.

"De-Fi" protocols usually reward lenders with every stablecoin deposit. Rates can vary depending on how many people are borrowing coins on the platform. The lower the number of people borrowing, the lower your annual income (APY) will be. It's all driven by algorithms. The only risk would be losing all of your hard earned money if the stablecoin loses dollar parity in the long run. Of course, you can also lose it all with a PoS coin if it loses value. But at least you're not given false promises that they will always retain their value unlike stablecoins.



I think the only advantage would be sending "Fiat" faster and cheaper across borders. Not to mention, stablecoin issuers are able to "freeze" or blacklist your address from being able to send/receive any coins at all (you can do a quick Google search to see for yourself how USDC has been able to blacklist addresses in the past). It's the perfect tool for bankers to get what they want. Therefore, cash is the only solution if you want to "stick" with plain-old Fiat. Otherwise, I'd suggest you go all-in Bitcoin for the long term.

Actually staking is the same as letting go of your money and trusting other people to manage it, and you get a small portion of that (interest). In general, the loan interest is determined by the lender, while the staking concept of the platform determines the interest on our money.
If we have some money, why are we staking, which we should be able to use to benefit from Bitcoin trading.
It's also not wrong when someone is staking, remembering to avoid financial risks when trading. For me, staking unstable coins is more profitable than staking stable coins.

That can be said about centralized staking. But with decentralized staking, that's another story. You're trusting your funds to the protocol, instead of a third-party. Things can go wrong if the platform is hacked or the stablecoin loses its parity to the US Dollar in an instant. Those are the risks involved with decentralized staking. But I still think it's a better alternative than just saving money in a bank.

With the collapse of major banks across the US, no one is safe these days. It's all a matter of diversifying your investment to reduce the risks of loss as much as possible. Who knows if stablecoins improve to a point where they will become "immune" from real world events? Just my opinion :)

I can't understand decentralized staking and centralized staking yet. In general, staking is betting our money on a platform. Do the platforms just ignore the money there and they give us interest? Of course what is given is the advantage they get. Many staking platforms fail because they are unable to pay the promised APY/APR.
It's a different story with hacks or stable coins being strong in the future.
For example, if we are staking with one ETH, we will get 2.7% APR in 120 days or 0.027 ETH. If we trade a 120 day timeframe with 1 ETH, I think we will get more profit than that. From that basis I say trading is better than staking.

 Staking stablecoins is not highly profitable but it more secured than staking non-stablecoins .We are currently in a bear market staking non-stable coins can be very risky and result in a loss.So it is better to go with stable currency during the bear market.But during the bull market staking non-stablecoins can be very profitable so staking really depends on the market situation.

staking on unstable coins is indeed more profitable, especially if our goal is for the long term, so that our coins increase and if there is an increase in price when the allotted time is over, then we will get double profits. it's different if we do staking on a stable coin, then the profit is that we only get a few coins at a flat price, but this method is indeed less risky than staking on unstable coins, so both have their own consequences, we just have to choose which one, besides the unstable coin, what do we choose for staking

I think, staking stablecoins can be a great way to earn passive income, but it's important to consider the security and reliability of the platform you choose. In terms of gas fees, yes, they can be a bit steep on the ETH blockchain, but I think it's worth exploring options like Polygon to see if they offer better rates.

Trading is better than staking. But not everyone knows how to do it. Thus, the only option would be to deposit coins at a "De-Fi" platform or an exchange to start earning money without doing nothing in return (staking). For many, centralized staking would be the easiest path to take since all of the responsibility of securing coins lies on the third party himself. Not to mention, centralized staking platforms (often exchanges) have a user-friendly interface.

Decentralized staking may be safer, but it's a hell of a lot more difficult to use. With gas fees tied to Blockchain networks underpinning decentralized staking platforms, people will look elsewhere. For a long time, stablecoins promised to hold their value of $1 per coin for the foreseeable future. But recent events, tells us nothing is guaranteed in this world. You can lose it all in an instant if you become too greedy. Therefore, saving money at a bank would be your best bet to minimize risks of loss as much as possible. Just my opinion :)

I think the most common staking is when the platforms use your money to stake in the system. Like when there is a proof of stake, then they use it and they make a money and give you your cut. For example ETH has that these days, so if we all pool our money and stake, then we all make returns. However, for things that do not look like they have staking, they do, it's called liquidity providing, if you provide your coins for these risks, then you help the platform to make money.

Think about it this way, we all give our money to banks, and banks give loans, sure some people may not pay it back, but most do, and that's how banks make money, if we give the bank 300 dollars, they won't do much, but if we give 300 billion, they will do a lot. That's why we are offered money.

what I know is that staking stablecoins does not have a big risk and the profit that can be achieved from staking is also not that big. the point is that depending on what platform you use for the security of your assets, of course risking usdc or usdt is not wrong, but you must have large capital to do that.

Yeah, that is the reason why they offer us money and not the other way around. Like they offer people interest rates as high as they are allowed to, and sometimes that's bad because some of them like Silicon Valley Bank do not make enough profit with the money they have and they lose profit and they bankrupt.

But, most of the time they give you 3% and they ask for 5% from people who take a loan and the 2% difference is their profit. Same with staking of course, they take your money, make people invest with it, they take more than they offer you and that's how they pay you for staking. I believe most places are doing a great job, unless it's one of those 100% return fake places of course, the realistic ones are doing a good job.

For me staking stable coins are worth it while you are waiting in what coin you will invest your stablecoin. Based on my experience i had been staking my stable coin for quite sometime and i can say it is worth it because my coins earns while waiting. I will wait for the market to go down again and invest in my chosen crypto currency. You just need to know the best platform to stake your stable coin so that you will not regret it.

It is not too much worthy to stake stablecoins because the apy is too low and you should invest your usdt in Bitcoin as it's now in a low price. So that will be a good investment. After all if you want to stake your stablecoins then find a good defi project and then stake with zero risk.

Staking stablecoins can be a great way to earn passive income, but as you mentioned, high gas fees can eat into profits. Using De-Fi platforms built on the Polygon (MATIC) network can help mitigate those fees while maintaining security and reliability. Some popular options include Aave, QuickSwap, and SushiSwap.

I don’t think it’s worth staking anything, it’s just too risky. Look at what happened only recently, various platforms that allowed staking went bankrupt & with that went users funds. I just don’t think a 5 - 10 percent staking reward is anywhere even close to a good enough reward for risking your money, leaving it in control of another party. Just don’t do it please.

For me staking stable coins are worth it even though the percentage of profit is not that much but still it is a profit. If you are still undecided to invest your stable coins to your chosen currency better to stake it. I myself do stake stable coin while waiting for the price drop of crypto currencies, we need to wait for the proper timing to invest. Waiting will be all worth it if we could buy crypto currencies at low price and let us just wait for the bull run for us to be able to harvest our profit from our investment.

Yeah, staking is really nice when crypto winter coming or when the price is going to drop really hard. I prefer to do staking when crypto winter is ongoing so when I got profit I can buy the crypto at a low price using the profit I got. But even staking can become a risk if we don't choose the platform carefully since not every platform is safe.

it's not so much anymore, many of these staking programs are actually quite low in term of APY when it comes with these stablecoin, everyone quite literally wanna stake their stablecoin and these platform hardly finds any way of growing the current available capital, therefore there's nothing left but reducing the APY which means no more good profit.

Until now, I feel it's still worth risking stablecoins.
for now do you have a binance account ?, I think the safest place to stake your stablecoin is just by storing it in binance, you can also look at the earnings section there. if you keep it on binance then your income get and the risk is low. I think the binance platform will be recommended by many people because it is a safe place to stake Stablecoins that everyone owns

I don't think there is a problem with stacking stablecoins, in fact the profit earned is usually greater than just relying on bank deposit interest, so of course it's worth it. My advice is to do staking on large and safe exchanges, for example Binance exchanges

Stable coins are profitable in the long run. But they do not have a significant return on profits. I personally like stable coins for investment but if an investment is profitable I prefer projects like ETH, XRP, CFX and others.

honestly there are times when the APY offered was lower than bank deposits that make it somehow doesn't really look worth it in my opinion. but the APY in regard of staking stablecoin in general always vary so I guess it kinda depends in the time that we invested in.

Think it is worth it sometimes.Staking stablecoins may not be as profitable as staking other altcoins but it is much safer especially during the bear market,there is not risk of price fluctuations but on the other hand during the bull market staking other altcoins brings in more profits.One can combine the two because both have their advantages.

If your intention is to enroll it into their earn feature, you gotta take the risk but I wouldn't say that it's the safest place to store your stable coins.

Staking into exchanges has its risk and that's why we always say that don't store your cryptos in exchanges. While there are options that's giving you the choice to generate your private keys in wallets.

It's better to stake in there than to exchanges that gives no private keys to your holdings. There are desktop wallets that also allows that and that's safer IMO.

it's true but one need to also remember the fact that the one that staked ust basically a stablecoin released by ftx back then was having massive bankruptcy, I think it's essential to also choose good stablecoin before hand but honestly staking all these stablecoin only good for countering the inflation.

The biggest downside of staking through decentralized platforms are paying high TX fees. Hence, centralized staking services are much more convenient for those who "don't want to break the bank". Depending on your needs, would be the type of platform to use for staking stablecoins. One thing for sure is that stake rates on stablecoin deposits are not as attractive as those offered by native PoS coins. You'd earn a lot more money staking traditional PoS coins than just staking stablecoins. Yet, this comes at a high risk since PoS coins are often volatile at times.

I'd diversify my investment between stablecoins and PoS coins to help minimize as much risks of loss as possible. Who knows if acting early will lead you towards untold riches in the future? Just my opinion :)

Those are things that needs consideration and yes, it all depends on your need and what you think about cex and dex staking.

But then, we've got a lot of option and it all sums up to what you're holding right now. If you're still on the plans of taking yourself into stable coins and earn from it.

There are a lot to be considered by then, as said, depends on your risk appetite and need.

it's only good for countering inflation nowadays, there are plenty of many better investment alternative most certainly but these stablecoin in general never expose your investment to the risk of fluctuation, so there's reason these staking of stablecoin exists, one thing for sure it's not gonna make you rich at all.

I agree, because stablecoins also have risks (such as the collapse of stablecoin from LUNA), so in my opinion if you want to staking stablecoins, then we need to choose stablecoins that are safe and widely used by people (high volume), therefore I always choose USDT or BUSD for the stablecoins that I use as staking.

Staking USDT in a Binance account can provide potential rewards in the form of interest or additional tokens. Binance offers a staking program where users can earn passive income by locking their USDT or other supported cryptocurrencies for a specific period. But you should aware of Exchange Risk its means during Staking USDT on Exchange means that you are entrusting your funds to a centralized exchange. While Binance has implemented robust security measures, including cold storage for user funds and various security protocols, there is always a risk of hacking, theft, or exchange-related issues. It's essential to consider the exchange's track record, security practices, and reputation before staking your USDT.

Decentralized protocols can be hacked too. But the risk is a lot lower than centralized staking platforms that don't give you access to the keys/seeds of your crypto funds. You need to do your own reasearch about the platform you're willing to stake your stablecoins into, just to be safe. USDT has managed pretty well during times of crisis, so you can rest assured your money won't be going anywhere soon. I cannot say the same about other stablecoins as they've failed in the past. You could either win big or lose it all in an instant.

One thing for sure is that staking stablecoins is a lot more lucrative than just saving money in a bank. If you act fast, you can reap huge rewards in the future. Just my thoughts ;D

In my opinion, it is better to treat stablecoin with some caution, despite the fact that the Fantom blockchain is already time-tested. There is nothing more reliable than Tethera. And in my opinion, the best thing is on the TRC-20, because fee for a transaction is almost zero here.

doesn't seem to be really worth it, the returns is too low, you should instead look for another option, after all there are many other option like in binance if im not mistaken you could always holds BUSD and got some airdrops, usually it's BNB but I think BUSD sometime got their share too.

There are better pools on BEEFY FINANCE where you can stake Stablecoins for 4-10% based on what chain you are using. And these pools are ranked on a scale of 1-10( 10 being the safest). And I've been doing it for almost a year. So yes, you can stake Stablecoins for a better returns than banks and without having to worry.

Staking stable coins can be a good way to earn passive income, but it's important to choose a reputable platform with a proven track record of security an reliability. You can search on the net for a popular and trusted platform. Check on the offer of the platform like high annual percentage yields for stating stable coins, always remember that staking often involves locking up your funds for a certain period of time.

Whether staking is worth it for you depends on your financial goals and risk tolerance. Staking stable coins can be a relatively low risk way to earn passive income.

I first saw this beefy finance inside the trust wallet but it seem popular and many people are using it. We can choose this to stake our stable coin than trusting a random platform out there because we might lose our tokens in the long run if not in an instant.

I wonder if what chain it is that, that offers 10 percent returns? Hmm but my guess is ETH? Because it is not easy to interact with the smart contracts using ETH. We all know why. Not only that staking stablecoins (any chain) has a better return than storing money in banks but it's indeed safer as well because we are staking in a decentralized platform. We must only ensure that we keep our seed phrases in a secure location.

I think staking on the Polygon network is relatively safe and low cost but is there any risk free, of course not because there is no completely risk free investment. Risks such as security vulnerabilities, risk of technical failure and market volatility are always present and affect the value of your returns and investments. If I'm not mistaken the platforms that can be considered are Aave, Curve Finance, or QuickSwap because there is stablecoins staking support for the Polygon network.

This is just my opinion, isn't it better to stake a stablecoin on a centralized exchange? because some of the good ones here are Binance and Coinbase.

Because here in binance, when you stake USDT, it gives 5% interest in a 6-months duration period of time, while in coinbase it is 4% for 3 months. Because if you want to do staking in Defi, as far as I know, the percentage of profit given is low whether it is usdt or usdc.

But you still have a choice if you want to stake your stablecoins, this is the link
https://koinly.io/blog/best-staking-platforms/

I think you better invest your fiat into deposits or bonds if you expect more profit because if you want to stake in dApp platform it comes with its own risks based on security and also very high fuel costs. However, it seems that staking stablecoins is not much to gain.

If you are concerned about the risks associated with DeFi platforms and prefer a more established and adopted cryptocurrency, then converting your stablecoin to Bitcoin could be an alternative. Bitcoin has a long history, is highly liquid, and is considered relatively safe due to its robust network and consensus mechanism. However, the price of Bitcoin can be volatile, which may not match the stability that stablecoins offer. But when considering any investment or asset conversion, you must evaluate your own risk tolerance, investment objectives, and market conditions. So you have the option of converting to bitcoin, and the decision is still yours.

Rates on centralized staking platforms are pretty good. But there's always the risk of getting your funds seized or frozen for no reason (government intervention, exchange running away with the money, etc). Not your keys, not your coins. If only centralized exchanges had some type of insurance that would protect investors' holdings, then I'd have no problem using them to stake my stablecoins.

It seems my only options are staking through "De-Fi" platforms for complete peace of mind. Both Uniswap (Liquidity Pools) and Aave have brought my attention with their decent APY. They're tried-and-tested "De-Fi" protocols so nothing should go wrong. Fingers crossed stablecoins won't go to $0 overnight because of an unexpected event. Just my two sats. :)