After a fourth reduction since I deposited my stablecoins on Binance's savings and staking options, I decided to withdraw all my funds, provided that I find a decent alternative, preferably decentralized. Binance is now offering only 6% APY on BUSD and 5% on USDT, for up to $1.000 on each option. It's honestly too little to stay; it used to be 10% of $2.000. I found a few vaults on Beefy ranging from 8–12%, which isn't too bad. However, the one that struck me the most was OKx's saving plans.
The OKx exchange is offering 10% for up to $2,000 per stablecoin (USDC, USDT), but on one condition. That you submit for Level 2 KYC, which includes your personal details plus a photo of your ID. Surprisingly, the KYC process requires far less information compared to Binance. What are your thoughts about this? 10% isn't bad; it doesn't state for how long it's valid, but it's quite competitive with Beefy's vaults.
https://www.okx.com/earn/stablecoin