Staking stable coins in defi

hey i am relatively new to crypto and wanted to get into staking stable coins. While i’m not doing anything and just watching the market, looking for new projects, and waiting for good entries my money just sits. i’ve heard the returns are really good. 10-30% Apy but i have minimal understanding. how can i get started and how can i find good defi staking protocols.

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16 thoughts on “Staking stable coins in defi”

  1. You can compare stablecoin yield opportunities using [https://app.joinwido.com/](https://app.joinwido.com/)

    They focus on stablecoin yield only. Some other platforms will sometimes show vaults, where you stake your stables and get yield in a different token (usually governance token). Wido does stables only.

    They also have this [daily tweet that shows best stable yields of the day](https://twitter.com/joinwido).

    Once you pick a vault you are interested in, you can deposit directly from the Wido app.

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  2. Would advice studying the Cosmos Ecosystem before investing. If you want to go only stables, Anchor on Terra is good option. (check Danku_r old videos). If you want to get into L1 tokens staking (higher risk, higher return) check out Juno & OSMO. Juno especially has 100% APY which might decrease in 2 -3 months. Other L1 also there on Cosmos. Explore and understand before diving in. Good Luck

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  3. I think you must learn first before getting into anything. Even stable coins got its ups and downs. I’m glad I encountered Ebox where a reversible transaction feature is available. I reduced the errors of me making a wrong decision.

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  4. Algorand is actually a good place to start for beginners and stablecoins. The defi scene on algorand is still young so there’s not too many options which reduces confusion. Tx go through in 4 seconds and fees are fixed at fractions of a cent so you can experiment as you wish. Yields are as high as 20% for stables on certain platforms.

    To get started you need to set up an algorand wallet. I would recommend the MyAlgo Web Wallet. Then you will need to move your fiat onto this wallet either by buying and sending Algo or sending usdc/usdt on the algorand chain (not erc-20 usdc/t) to your wallet. Afterwards go to defillama and look at the top defi protocols for the algorand chain and explore your options. Currently there’s 20% on algorand’s main dex tinyman.

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  5. My safest bet would be aave.

    However, you could try using coindix and find farming pairs suitable to your risk tolerance.

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  6. There are not a lot of platforms that offers such APY on Stablecoins, but farming BUSD as a single pair on Kalmar could get you something between 20%-50%, and even more when farming with leverage, but I will advise against that as you’re new to crypto, this is now a financial advice and please always DYOR.

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  7. That’s great, 10 to 30% is good. I’ve been staking USDT and USDC with blockbank CeFi for 10%. I don’t think it is bad considering the ease and safety they guarantee.

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  8. I use BlockBank, offers up to 10% for stablecoin staking but that’s only if you’re willing to try out CeFi staking

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  9. DYOR about the Cultural Places bud there are one kf the credible and transparent project I’ve ever since in Polygon chain. Also, they have great use cases and tokenomics to check on.

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  10. You should consider farming GREEN with UST/USDC LP or UST/USDT on [greenhousedex](https://greenhousedex.com/); whichever you’re comfortable with, they’re around 20% APR. It’s a new dex on polygon (actually a rebrand from dinoswap), with major focus on sustainability and a highly deflationary model.

    Fact: Polygon is short on DEXes!

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  11. Correct me, but I think as a community we should be more precise with terminology

    Staking is part of the validation system of proof of stake cryptocurrencies. It involves running or supporting a validation node and has a risk of slashing

    You can do many things with stablecoins in defi: lend them, use them to provide liquidity to amms, use them as collateral for a loan. You can’t really stake them

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  12. I’m hoping that Unido will soon offer a staking reward for stable coins, most likely when in-app staking launches; for the time being, I’m using Beefy.

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