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.

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://bitcointalk.org/index.php?topic=5350183.msg57502634#msg57502634

Wow this is a pretty good APR already.

Thanks for sharing mate.

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.

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.

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.

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

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.

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.

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.

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.

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!

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.