Earning yield is the main attraction of decentralized finance and staking today.Additionally, while some assets and liquidity pools offer decent returns, that is not the primary aspect to consider. option It has high reliability and a stable yield outlook.
Many people have expressed a strong interest in staking Ether through Lido. While the Ethereum network does not yet support staking (and will do so after the merge next month), a user was able to pool her ETH on Lido to earn staking rewards. This is a good way to monetize through existing assets, with a pool valued at his $6.9 billion. The user’s APY is 3.9% of his and the user maintains a stable/upward outlook in terms of earnings and his stETH value. After all, stETH follows the price of Ether.
Liquidity pools continue to be a great way to establish passive revenue streams without the hassle. Finding the optimal liquidity pool can be difficult, but FRAX-3Crv offers interesting possibilities. Pool liquidity is over $1.07 billion with an APY of 2.43%. These rates may not be staggering, but it’s often best to receive slightly lower rewards through a trusted platform rather than chasing near-impossible returns.
Users who hold cUSDC in their portfolio will earn 1.15% APY. Stablecoins often offer his APY much lower than volatile cryptocurrencies, but give investors and users peace of mind. Today, his $1.07 billion is spent on his cUSDC to earn his APY of 1.15%, which is his one of the most stable rates overall has been proven. Additionally, stablecoins are overall a safer bet, and 1.15% APY is better than keeping your money in a bank account.
FRAX-3Crv (Convex Finance)
Remember the FRAX-3Crv pair I mentioned two paragraphs ago? You can deposit the same asset in Convex Finance and get different yields. APY of 4.85% is much higher compared to Curve’s rewards and currently has $1.06 billion in the pool. Even if you have to create a few extra transactions, it makes for an attractive alternative to using these assets via Curve itself.
Combining the three most popular stablecoins into one yielding solution is interesting and compelling. An APY of 0.71% may not be spectacular, but it is unlikely to fall below 0.57% in the near future. Additionally, these stablecoins are always in high demand, so APY can grow over time. This is another attractive option, accessible through the Curve protocol, which has amassed just under $1 billion in total locked value.
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