In the USA, now that we know Blockfi got fined by the SEC, I am looking more into defi. Kinda nervous about cefi, trying have less in it. Aside from anchor protocol, what are the next safest ways way to earn yield on stablecoins?

What I meant to say was “yield on USD pegged stablecoins where you also get paid interest in safe USD pegged stablecoins”

Dunno, I see “yearn finance” on okcoin or something. But okcoin is a US company that could get fined by the SEC too right?

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21 thoughts on “In the USA, now that we know Blockfi got fined by the SEC, I am looking more into defi. Kinda nervous about cefi, trying have less in it. Aside from anchor protocol, what are the next safest ways way to earn yield on stablecoins?”

  1. Yeah, now that I’ve gotten comfortable in the DeFi space, I’ve been contemplating moving my assets out of BlockFi and Celsius to utilize them in DeFi. This announcement from BlockFi may have given me the final push I needed.

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  2. Anchor UST 20% and Anchor ANC-UST 60% are so good, maybe only beefy finance is worthwhile in risk vs reward ratio. Having ftm-usdc, avax-usdc, polygon-usdc and bnb-usdc makes a reasonably diverse portfolio.

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  3. Lol 40% APY stable / Market volatility also won’t affect this – let me know if your interested nice like extra 40%. Looking for some people to join our pot first APY that really isn’t a Ponzi scheme at all

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  4. Anyone doing TUSD on yearn via phantom? APY looks wild, wondering what the drawback is…?

    That might be a good place to go if that holds.

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  5. Osmosis has a UST-EEUR liquidity pool with around 15% APR in farm yield + swap fees. Osmosis currently has no gas fees, though that will change at some point in the future

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  6. I use Planet Finance lending and borrowing protocol. Good yields on stables & can use borrowing strategies to your advantage (supply UST as collateral, borrow UST, resupply etc)

    And they have a partnership with Terra / LUNA 🙂

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  7. look into ftm chain or avax chain they have low gas fees and several protocols that provide apy’s on stablecoin

    i am also staking some of my long term holds like GTH AIOZ PSP DAFI FTM as well

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  8. I like the defi liquidity providing options specially with stablecoins pair as the returns are good and the risk is low! If you use a platform with leveraged options the better as you can max out the returns increasing the risk just slightly

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