I’ve been trying to get into DeFi for a while so that I can have regular cashflow coming in to buy dips or have for emergencies. I’ve started using LOOP.Market aUST-UST LP for a few days before realising that the rewards come out in LOOP’s protocol token $LOOP. Instead of in just LP tokens which I can then redeem.
Is this common throughout yield farming/DeFi or is this just common to LOOP? I am aware of Anchor Earn with 19.5%APY, which is absolutely astounding as far as interest rates go and I have been using that for a while too. However, I want to be able to utilise the APRs that come with LP farms and was interested in finding platforms that pay in stablecoins or don’t pay out using their own protocol token.
Thank you for any help guys, I want to mainly find LPs involving BTC, ETH, FTM, AVAX, LUNA, USDC, UST and DAI.