Stablecoin staking

[Coin-1]

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.

[babygun]

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.

[imstillthebest]

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

[Bttzed03]

~
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.

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.

[cryptoaddictchie]

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.

[RussianEnglishTranslation]

Imagine holding USDT for 8% apy when NEAR or Ethereum go up 3x in a year. You are going to get left behind.

[tvplus006]

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.

[MSN02]

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.

[Bitstar_coin]

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.

[VictorProsh]

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://bitcointalk.org/index.php?topic=5345571.msg57304671#msg57304671

[lizarder]

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.

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.

[Malam90]

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.