Where to stake stablecoins with insurance?

[Xxmodded]

if op want to stake average of $2k then Binance enough for him to stake USDT & USDT combination . but if op want to stake huge amount then Binance not enough . When Binance gave 10% interest for staking I tried to stake a big amount of stablecoin ,coz then our central bank offered 5.5% interest . But I couldn't stake more then $4k then. but now our central bank increased there interest to 7.5% so i have deposit my money on our central bank now. i think it is safe then crypto

Binance usually have limited amount for staking with stable coins and earn different reward APY if stake above amount maximum, I think with 10% APY interest very excited to stake there with Binance have guarantee more secure exchange market. Maybe have to spent amount two kinds between BUSD and USDT if want staking above minimum limited amount by Binance. Better with staking at BUSD than bank because every day USDT have increase values and local money seems have inflation day by day.

[adaseb]

Back in 2021 you could of actually made some APY by selling the futures and buying Bitcoin or Ethereum on spot.

Back then the front month had like a 5% premium and quarterly had like 15%. So what many did was buy on spot and send it to a futures exchange and short it there. Wait until it expires and close the trade. Pretty risk free.

Doesn’t work anymore since funding rates are flat now.

[coinerer]

What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?

Different platform can offer you different APR bonus for stake stablecoin . But choosing a safe place is the real work. i can suggest you Binance exchange for stake stablecoin . Although Binance offers relatively low bonuses.  Still I think it's a safe place . you can get 8% APR for USDT & BUSD from Binance savings

Maybe you are right. Binance can be a right place to stake stable coin But no one can guarantee that Binance is 100% safe because when you stake a coin, that coin will leave your wallet and you can only see an account of how many coins you have staked but you won't have control over that coin.  Maybe because Binance is a trusted exchange, they will never let your money go to a scam.  Yet there certainly remains a risk

No one can guarantee any cryptocurrency platform or token is 100% trustworthy.  But since Binance is a big exchange platform and they have experience of completing billions of trades every day.  So I don't think they will scam for a few dollars.  Not only small but big amount stake with them or trading on their platform I don't think they will scam it, I have faith in them because I myself stake 2000 dollars there for a long time.

I have also been trading on Binance for a long time and I have been thinking of Staking Stubble Coin on Binance for a long time but it has reduced from 10% profit to 8% now, I have no regrets either.  There is a limit, you can keep only 1000 dollar usdt and 1000 dollar BUSD for 8% profit otherwise you will be given only 0.7-0.8% profit.  So Binance isn't the best for staking large amounts of stablecoins

Yes quite some time ago its limit was $2000 USDT and $2000 BUSD and interest was 10% APR but recently binance has reduced it to $1000 and interest is only 8% so if one is intending to stake more, then binance Won't work much for him.

I find such interest rates reasonable in this bear market. Binance no longer offers high APY but is still the safest among staking platforms today, I accept low interest rates but safer than high interest rates that make you unable to sleep well every night. If you want high returns I recommend investing instead of stake.

I myself would not be encouraged to stake my stablecoins on a normal website.  And don't advise anyone to do it.  Because for me, sleeping well at night is more important than getting some extra money.  Rather than getting high profits out of panic, it's much safer to stake to a good and trusted platform and get low profits.

[kelonmusk]

Generally, you can store and trade stablecoins that are used to trade on decentralized exchanges (DEXs). DEXs are run entirely by code, which means they don't require intermediaries like banks or brokers to facilitate trading. The point is to find a safe trading platform, security support such as 2FA verification, or KYC is needed.

The most important thing is the security of storing tokens in DEX or wallets depending on how we use them. If you store it in a wallet in your own wallet and connect to an unknown site and connect to the internet, then the device itself is vulnerable to hacking.

[bitgolden]

The idea to stake your stablecoins comes from not trusting crypto and that is the hardest part for me. I do not believe that stablecoins would stay as valuable as the staking rewards I would be getting, the "number" that I own would change, but the purchasing power would stay the same in a long period of time.

If I invest 100 dollars right now, and get back 108 dollars next year, that 108 dollars would buy the same thing that 100 dollars bought last year, maybe not even that much if inflation is high. Whereas, if I put it on crypto, there is a chance it could go down a bit, but there is a chance it could 2x as well and could actually make me a profit instead.