What defi products do you use for stablecoins apy (in kind)?

Recent regulatory actions agains blockfi, celsius has made me think about defi seriously. The only issue is I don’t want to actively manage all my funds and make transactions every now and then because I have other things to do. I haven’t used any defi product actively. I know about anchor protocol and put some money into it. I was just wondering what other protocols do you use. I want the apy/apr to be paid back in kind. For example, if I deposit usdc, i want my rewards to be paid in usdc. I really don’t want to take their governance token/any other token as rewards (it’s an extra pain to swap these tokens and most of them doesn’t hold value when btc dumps). Is there any defi protocol (like anchor) which takes usdc and rewards in usdc?

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9 thoughts on “What defi products do you use for stablecoins apy (in kind)?”

  1. if you can afford the gas fee on uniswap, then USDC_USDT LP is good, but i farm same LP on dot finance with 13% apy. cheap gas fee, good UI and my rewards are autocompounded too

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  2. I believe liquidity mining with a stablecoins pair is a good option and normally pretty safe.
    With protocols like Kalmar, you even can use leverage and get higher returns on it, increasing the risk very slightly due to being a stablecoins pair

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  3. Yield App is one of my favourites to stake my stablecoins, it allows USDT, USDC and DAI staking for now, you can get 12% APY on your stablecoins, you could make it go as high as 16% APY by also holding YLD tokens, it could go as high as 18% if you’ll get paid in YLD, but I see that’s not something you’re open to.

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  4. I have my stables in hundred finance on FTM. I dont mind chasing high apy as long as the protocol is a reputed one.

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    for my alts i am staking GTH PSP AIOZ DAFI and some more

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  5. My favorite stablecoins project is E-money for so many reasons and here are a couple of the most important ones.

    First, their stablecoins, EEUR, ECHF, ENOK, ESEK, and EDKK are fully backed with native country fiat money and government bonds bank deposits.

    Second, its stackable coin NGM has a nice APY, concrete solid 19%, and the coin itself has a huge potential for price gains.

    Third, E-money team is working 24/7 to make new listings, partnerings, teaming, etc.

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    DYOR mate, but E-money is a role model of how stablecoins project should look like.

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  6. DeFi projects have a financial liberation twist into them. More than anything, it has always been the APY for me. No amount of fixed deposits in a traditional banking system can offer you that much.

    Even though I am only staking in YLD and FYI, I can tell that some projects like DAFI offers as high as 220% APY in staking 2.0. That’s where I am staking my next big bag anyways.

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