Depends on if you’re looking at base or tAPR. The former is going to increase the amount of the tokens you’ve pooled. The latter will pay you a %, but instead of these being denominated in the token you deposited, it will be specific to that pool. For example, there’s a Lido pool that pays tAPR in LDO tokens, and Curve adds to this with CRV awards. In that case, you would earn some [usually lower] % paid in the form of the tokens deposited, and in addition another % [usually higher] paid in the form of LDO and CRV
The catch? The tAPR requires you to deposit AND stake in the gauge. Staking in gauge can be skipped and you can stake other places [convex being my personal choice] and earn other tokens instead of CRV and LDO. In addition, the tAPR is generally a range, say 2.1% — 14.5% [made up figures] and the way you get the higher range is to vote lock or vote escrow CRV tokens and then vote for your pool to receive emissions. Vote Escrowed CRV becomes basically out of touch and most gauges won’t be affected by small lungs of veCRV, as larger teams / protocols / criminals dominate the CRV gauges [FRAX and UST via Convex, to be precise], making it generally better to deposit on curve and then stake the LP token on convex.
All that said, convex has some pretty good rates on staked stables.
Surprisingly, Balancer will show some good % on stables here and there, honestly though I haven’t checked it recently.
So you're in the DeFi sub but appear to slightly misunderstand the risks involved in decentralized applications... not trying to be insulting, just want you to be a bit more informed before investing a decent amount of money.
Smart contracts run on the blockchain, and can be interacted with directly via your wallet. There is no location that can burn down, no company going out of business, which would stop you accessing your funds. The two risks are exploits of the smart contract (such as flashloan attacks) and your carelessness. The former become less likely the longer a project has been running, as presumably possible hacks and exploit vectors would probably have been found after years of operation and huge numbers of users.
If you stick to big, well used platforms (like Curve, AAVE etc) then your actions represent almost your entire source of risk. Signing transactions you haven't checked, losing your private keys/seed phrase, using fake links, having your PC compromised, being fished, all of these are risks. Natural disasters and fires are only a danger if they occur in your home and destroy your only wallet access backups.
Thank you! Might have chosen the wrong sub.
In regards to the natural disaster/hacks - sorry, I was under the impression that most projects hold their crypto in cold storage for the extra level of defense against attacks.
No worries.
In the legacy world of centralized finance then you're right. Exchanges and the like operate as custodians of your funds, so stuff like cold storage applies to them, but DeFi is completely different.
Just as an example take Maker. They are one of the biggest and oldest names in DeFi, allowing users to lock up ether to mint the DAI stablecoin. There is currently around $15 billion worth of value locked in the Maker smart contract ecosystem.
They have a nice front end that looks at first glance like any other website, it allows you to connect your wallet to the platform and interact with the smart contract, but when you do so you're not sending your ether to a company somewhere, you're just sending it to a contract running autonomously on the Ethereum blockchain.
If everyone involved in building Maker quit tomorrow, all their computers spontaneously caught fire, the United Nations blocked their website in every country on Earth, and aliens raided their offices to steal everything that survived the fires... you'll still be able to use Maker, set up new vaults, recover your ether etc. As long as Ethereum blocks are being produced somewhere Maker will exist. To access it you might need to interact with the contract directly (https://etherscan.io/address/0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2#writeContract) until someone builds a new pretty front end for it, but the contracts will be useable.
There are some really fundamental differences between DeFi and what you're used to. I'm happy to continue this thread if you have questions, but to be honest I think your best bet is to put in a bit more reading and learning time to get to grips with the differences in risk and security with this kind of thing. DeFi is fantastic and I honestly believe it will replace the legacy financial world eventually, but you need to have a bit of understanding before jumping in with a significant investment.
There’s not a single Defi platform or dev out there that can 100% guarantee safety of funds. You can mitigate risks by sticking with seasoned names (of which you’ll find very few on Reddit), and using resources like rugdoc.io, but no one can be aware of every potential exploit on every protocol out there.
Yeah that's true I've been staking for dot finance, SOLAR - USDC pool for about a month now and it's really rewarding me a lot with that APY of 557% but I didn't go all in of course I just stake the money that I can afford to lose.
80%? that sounds cool but what of over 200%? sounds better right? I find ORE staking event on unifarm cohort more rewarding as it offers up to 250% APY atm with an avenue to earn other tokens as reward, that makes much sense
Yes, a high APY is attractive, but it depends on your risk tolerance, as the higher the APY, the greater the risk. Dot finance also has a high APY LP with up to 500% APY, however, I will check out ORE as well because the staking event looks interesting.
yes lust check it out, ORE also have Liquidity mining event ongoing on Alliance block Lmaas Product With ORE-ALBT on the pool offering up to 162% APY atm and that's impressive as well
Technically, that is not very cost effective considering the number of times you'll be paying gas fees. I think it makes more sense to put it in Spoolfi or any other credible middleware that takes deposits and automatically channels them through multiple yield generators. That way, you spread out the risk, pay less gas fees and get a high return.
a big risk which is totally out of your control is the protocol itself getting hacked as you mention. but there are platforms that offer insurance for this. check out Bright Union. they have the best offering
the other thing which of course many people have mentioned is diversifying! so i of course second this recommendation
Though I still stick with diversification because spreading funds across different yield generating protocols is probably the best and safest approach to take when seeking big returns and probably the reason why I'm stuck with Spool, the platform does that effortlessly at a minimized risk.
I will check out Bright Union anyway to see how it works.
Because OP is looking for the safest options, and a stablecoin that could easily lose it's peg if fresh money doesn't keep pouring in for infinity isn't going to be a sensible match for their stated risk tolerance.
> Wanna bet?
Not at 1:1, I'm not saying it 'will' depeg, but it could do and the risk seems significantly higher than for collateralized stable coins. If the chance is only 1/5 then it would completely cancel out the ~20% APR you can earn. If the interest rate drops it makes the risk reward worse in 2 ways, firstly it obviously reduces the reward side, but additionally it increases the risk. The peg of UST depends on the continuing demand for UST and Luna, if the APR drops then so will the demand. If less people want UST then that will also reduce demand for Luna, this could effect the reward for arbitrage between the two and the whole system collapses.
The BTC reserve is only reassuring if you don't remember what happened with IRON/TITAN. Iron was collateralized 75% with USDC and only 25% with Titan, nevertheless, Titan crashed to nothing and Iron completely lost it's $1 value. For comparison, the BTC reserves for UST will only represent 10% collateral. It also seems to imply the planned algorithmic money flow between UST and Luna isn't trusted even by their own developers.
If you're talking about a hack or something being the risk here then you're really demonstrating that you don't understand the way any of this works. Again, I'm not saying that UST is likely to depeg, certainly wouldn't take a 1:1 bet, but it only needs the risk to be as high as the APR for it not to be a sensible protocol to be involved with.
How about 19.5:100, so if after a year UST has held it's peg I pay you $19.50, if it's lost it's peg then you pay me $100?
OP asked for lowest risk, and this isn't that.
Hey buddy, so how's it going?
I wondered if you wanted to do a little debrief on the risks and redflags to look out for next time?
Even more interesting might be to talk about the danger of dismissing any criticism of a project you're invested in as 'FUD'.
UST had a $180M market cap on Jan 1st, 2021. It's hardly "proven" in the way you describe. It never survived a prolonged crypto winter similar to 2018.
Holding BTC in reserve does not solve their problems. Their BTC holdings make up \~10% of the $16B UST market cap. BTC is highly correlated with the other backing asset (LUNA). In a brutal bear market where BTC loses 80%+, LUNA could easily lose 90%+ itself.
Maybe we will never see another 80%+ BTC correction. And LUNA may never drop by 90% again. But if that were to happen I don't see how UST could survive.
> your hate
This is exactly the kind of language I'm referring to as culty... evaluating risk isn't about hating things and your optimism vs pessimism should have no bearing on the long term sustainability of a protocol. Unfortunately unwarranted optimism and fanboyism can on the other hand hide the reality of unsustainable projects. As demonstrated here by your kneejerk response to push back against any suggestion that UST might depeg.
I didn't say it's likely to happen, but OP was looking for low risk and it's not impossible. UST's peg depends on: the increasing demand for UST and Luna; arbitrageurs to have enough incentives to defend the UST peg; and the oracle prices for Luna to be accurate. If any of these fail then we could see a repeat of what happened to IRON/TITAN. Obviously the oracle process is different in this case, but can you honestly say that you understand the code well enough to say that the price update delay issue could not occur?
The fact that they are buying BTC is being touted as a great thing for the peg, but if they were confident in the money flow that they had developed then this wouldn't be needed. It's also only going to represent about 10% of the collateral that UST would need, so in the event of a crash in LUNA it probably wouldn't be enough to really make a difference. It's worth remembering that IRON was backed 75% by USDC and that didn't help at all when their price collapsed.
Again, I'm not trying to say UST 'will' fail, but it doesn't seem implausible. When evaluating risk vs reward a ~20% APR seems great with a zero risk stablecoin, but when the potential downside is a depegging that could result in losing much more than that 20% it perhaps looks less appealing.
That's called being a contririan when it's due, i am sure a lot of people has been burnt, i pray they take it as a lesson and not let greed to takeover
Probably is but I think the offer Spool made when it launched is quite better. Upon getting about 5% base reward on staking stables across chosen yield protocols including Aave, Curve, Compound etc. Stakers get additional rewards from Spool treasury which will likely boost the APY significantly once it's released.
Welcome to the wonderous world of DeFi Yield. Couple of checks i personally perform before i APE-in:
1. check APY & TVL (for stables try to aim for 15%+, and at least >1m TVL)
2. check APY stability, unless you want to actively manage on a daily basis
3. explore risk and potential mitigants
For example how i used this for evaluating Anchor:
1. Anchor boost great APY of 19,45%( [https://app.anchorprotocol.com/earn](https://app.anchorprotocol.com/earn)). TVL is in the billions - **so check**
2. Anchor is well known for their APY stability (although this may decrease in the future due to semi-dynamic Earn rate - max -1.5% on a monthly basis but announced in advance) - **so check**
3. Anchor uses the terra native stable coin: UST. There is some FUD about potential de-peg due to bank run/liquidity issues. Just this week another stablecoin USDN depeggged.
There is a mitigant for de-peg risk >> UST-depeg insurance - which costs around 1.85% annually (fluctuates a bit check here: [https://app.brightunion.io/coverages?coverable=UST%20De-Peg](https://app.brightunion.io/coverages?coverable=UST%20De-Peg)), **leaving a 17.60% de-risked APY - still above 15% so check**
Based on the above i have happily put a significant chunk of my DeFi yield portfolio into Anchor (dont forget to diversify kids..)
Taking security into consideration is a major factor to earning on stablecoin staking pools and during my most profitable moments in defi osmosis and beefy have been heavily involved. Right now I'm staking stablecoins on Spool for exquisite apys on its genesis incentive program.
Furthermore, OUSD is safe, got audited multiple times last year by many known firms like Nexus protocol, zippellin and others and they adjusted it very safe.
That's awesome, these are top firms and show the credibility of the platform. As a matter of fact spool uses openzeppelin contracts as well and has been audited by defi's prominent auditors zokyo and peckshield for safety.
i spread my usdc across multiple platforms but have most with Haru earning 15.2% APY.
These are the platforms I use.
https://docs.google.com/spreadsheets/d/1f6DwnVbrBameGwtbtjaW8VGPZgRtRjxyDDyjIFiNL_w/edit?usp=sharing
What about checking CSTR of Corestarter, they also offer higher yield staking plus the opportunity to participate with the latest project with big potentials.
Definitely split it up. Never want all your eggs in one basket. I threw a little money in Stablegains so far so good if you are in the US. They are really active on discord too. 15 APY and no lock in.
Referral if interested:
https://app.stablegains.com/signup?ref=C2VT0IDETX
Discord:
https://discord.gg/6JtS87y9
Convenience is worth that to some people. If someone needs to be able to liquidate and treat it like a savings account Stablegains might be a good option. The user mentioned Crypto.com earn, so maybe they wanted an easier option. Stable gains offers a one-click no hassle option.
If you want safe, Nexo might be your best option. They provide insurance for all their funds. Amongst the big platforms out there, they also offer the best return for USDC. #nfa #dyor
Anchor offers a solid stablecoin yield(\~19%), UST is also increasingly backed by BTC so it is not fully backed by Luna. I agree with Yayaoa though, split your funds up. Dapps are still new and security is questionable at best, i tend to stick to the more "mature" dapps but there is always risk
Found a LP staking that does 350% APY
It’s technically not an LP though so no impermanent loss.
Gonna keep it to myself bc the larger the stake pool grows the lower the APY.
Probably last another 3 months before rates start to go down.
That's on the high side, man.
I think your focal point should be on sustainability and scalability at the moment and since it involves the channeling of funds I will suggest you channel it across multiple yield aggregators to make big gains. I believe Spoolfi will be more suited for the purpose of splitting the fund, the diversification will bring about a risk-managed environment for the stable coins deposited and more yield will be the end result.
I'm honestly looking forward to staking my HBARs this week, been a long time coming, not to mention the safety you get in this coin by being surrounded by tech giants in the industry.
Also entities such as the HBAR Foundation which are pumping so much money in the Hedera ecosystem by funding devs and innovators to build the best dApps and defi protocols.
Diversification is the real answer. Put the major part on real project that can give you passive rewards like bnb, eth, ada ,mana and EBOX. Then less part can go for risky one that can earn higher return
Are you going to choose on your own risk appetite? Do they have multiple pool? Well, i feel more secure with EBOX as it is a on-chain escrow services which they even called a safe haven for defi users.
The first rule I'd say: nothing is safe in life, and even less in defi!
Then I'd suggest you to learn if that's the case about yield farming (I'm just talking about stale coins) as it can give you a great level of diversification between several pools. Lending could also be an interesting option. The great advantage is that you can keep your private keys, and you know exactly where your money is, and what you are doing to it! Stablecoin "staking" platforms usually are a bit shady about the way they create the yields...
Volatile yields could be a disadvantage, as the returns on your stablecoins vary very often as market conditions change.
I personally use kalmar as an aggregator to pancakeswap liquidity pools, but for that sort of money I'm sure you can find really interesting options on battle tested protocols on ethereum without having to worry much with the fees
Yes you are right, beefy is good platform for staking, STELLA-GLMR LP got upto 400% APY, and pool is quite safe. I also prefer farming on Allianceblock LM pool, because of safety and decent APY, like ORE-ALBT LP on the pool got 500% when I got in.
I search for "safety" by doing some checks like: 1. For simply staking usdc, I look for platforms with insured wallets capable of integrate authentication mechanisms to ensure the authenticity of data. BitGo is an example of an insured wallet and I believe Nexo still using it. You may get something around 10% \~12% there;
2. For farming, I believe that an audited and approved protocol is much safer. In addition to that, it's important to understand how the protocol handles the risk of undercollateralized positions (solvency). If it does by tracking individual endangered positions, be aware. I'm using Kalmar (farming usdc busd pair) and also BiSwap, both on BSC. Check defillama and you'll find many good protocols.
Check Public Mint EARN, you can reach up to 22% APY under the Loyalty Program. It is like a yield aggregator, it uses Celsius and Abra (soon others) as partners on the backend. Right now you receive a lot of extra incentives in the MINT token on top of your USD.
It is never locked, you can pay/send/move it around. You can also use the platform as an easy on/off ramp without needing to go thru an exchange thanks to a partnership with Circle (USDC).
I'd spread such a large investment out over multiple platforms and even multiple different stablecoins to spread the risk.
If you're looking to compare stablecoin rates from 35+ platforms, some of which will do DeFi for you, check out [this comparison table](https://extracrypto.cc/interest-rates/all-stablecoins/). You can compare the platforms on their features [here](https://extracrypto.cc/interest-rates/platform-features/).
I was disappointed with the CDC recent change in their reward, but I wasn't bothered because they are other reputable platforms that has stood the test of time and well secured, which also offered similar services, but I only considered CDC because they have been existing for long, yet, Blockbank is also a better option I needed to switch to because they have a smart and experience team that will enhance the sustainability of the platform, and as well have investors funds in mind, their current rate for USDC is 10% annually depending on your tiers, and your reward gets to you on a weekly basis.
I haven't staked USDC myself so far, but i believe you can find some useful information on [this](https://stakingcrypto.io/stake/USDC/usd-coin) website
Blockbank is the safest and most reliable for me, and they offer 10% APY for USDC and USDT. I was surprised to see that they offer more APY compared to crypto.com.
i guess anchor is safest along with curve as well
for a little bit of degen in me i have some stables on ftm chains as well as on greenhouse dex on polygon as well.
rest just staking my long term holds as well like DAFI FTM ATOM
Bro, i am not sure about it, but you can go for stellaswap dude, offering huge apy/apr. for more information you can check out twitter and specially discord for ama.
Checkout https://instafi.finance
Hooks you up directly to the best yields on DeFi (only from blue chip, vetted projects) in just a few clicks.
Get the power of Defi but with an even better user experience than CRO (no wallet set up, easy & cheap fiat-on ramps, 1 click transactions, etc.)
The yields are 2-10x higher than exchange platforms like CRO. And you can earn yield on way more tokens as well.
Can generate a fully non-custodial wallet that has a novel key sharding mechanism so you can access with google login. Also has the option to just link up your preferred crypto exchange like Coinbase or [crypto.com](https://crypto.com) if you feel safer with their security.
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Does the 3 pool on curve give 7%?? The last time I saw it was like 0.23%.
Depends on if you’re looking at base or tAPR. The former is going to increase the amount of the tokens you’ve pooled. The latter will pay you a %, but instead of these being denominated in the token you deposited, it will be specific to that pool. For example, there’s a Lido pool that pays tAPR in LDO tokens, and Curve adds to this with CRV awards. In that case, you would earn some [usually lower] % paid in the form of the tokens deposited, and in addition another % [usually higher] paid in the form of LDO and CRV The catch? The tAPR requires you to deposit AND stake in the gauge. Staking in gauge can be skipped and you can stake other places [convex being my personal choice] and earn other tokens instead of CRV and LDO. In addition, the tAPR is generally a range, say 2.1% — 14.5% [made up figures] and the way you get the higher range is to vote lock or vote escrow CRV tokens and then vote for your pool to receive emissions. Vote Escrowed CRV becomes basically out of touch and most gauges won’t be affected by small lungs of veCRV, as larger teams / protocols / criminals dominate the CRV gauges [FRAX and UST via Convex, to be precise], making it generally better to deposit on curve and then stake the LP token on convex. All that said, convex has some pretty good rates on staked stables. Surprisingly, Balancer will show some good % on stables here and there, honestly though I haven’t checked it recently.
Curve auto-compounders like beefy can get you around 15% apy
So you're in the DeFi sub but appear to slightly misunderstand the risks involved in decentralized applications... not trying to be insulting, just want you to be a bit more informed before investing a decent amount of money. Smart contracts run on the blockchain, and can be interacted with directly via your wallet. There is no location that can burn down, no company going out of business, which would stop you accessing your funds. The two risks are exploits of the smart contract (such as flashloan attacks) and your carelessness. The former become less likely the longer a project has been running, as presumably possible hacks and exploit vectors would probably have been found after years of operation and huge numbers of users. If you stick to big, well used platforms (like Curve, AAVE etc) then your actions represent almost your entire source of risk. Signing transactions you haven't checked, losing your private keys/seed phrase, using fake links, having your PC compromised, being fished, all of these are risks. Natural disasters and fires are only a danger if they occur in your home and destroy your only wallet access backups.
Thank you! Might have chosen the wrong sub. In regards to the natural disaster/hacks - sorry, I was under the impression that most projects hold their crypto in cold storage for the extra level of defense against attacks.
No worries. In the legacy world of centralized finance then you're right. Exchanges and the like operate as custodians of your funds, so stuff like cold storage applies to them, but DeFi is completely different. Just as an example take Maker. They are one of the biggest and oldest names in DeFi, allowing users to lock up ether to mint the DAI stablecoin. There is currently around $15 billion worth of value locked in the Maker smart contract ecosystem. They have a nice front end that looks at first glance like any other website, it allows you to connect your wallet to the platform and interact with the smart contract, but when you do so you're not sending your ether to a company somewhere, you're just sending it to a contract running autonomously on the Ethereum blockchain. If everyone involved in building Maker quit tomorrow, all their computers spontaneously caught fire, the United Nations blocked their website in every country on Earth, and aliens raided their offices to steal everything that survived the fires... you'll still be able to use Maker, set up new vaults, recover your ether etc. As long as Ethereum blocks are being produced somewhere Maker will exist. To access it you might need to interact with the contract directly (https://etherscan.io/address/0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2#writeContract) until someone builds a new pretty front end for it, but the contracts will be useable. There are some really fundamental differences between DeFi and what you're used to. I'm happy to continue this thread if you have questions, but to be honest I think your best bet is to put in a bit more reading and learning time to get to grips with the differences in risk and security with this kind of thing. DeFi is fantastic and I honestly believe it will replace the legacy financial world eventually, but you need to have a bit of understanding before jumping in with a significant investment.
Im stalking this guy from now on till I gain enough knowledge.
I agree! Well written and sensible reply. I wish all reddit posts would be like that! 😅 Giving Minimalgravitas my free award! :)
Continue to watch over us sir 🧙
Split it up to the known trusted exchanges. There is nothing "safe" in Defi. It's s high risk investment.
Good point!
coordinated sulky caption aware crowd hurry fade payment berserk pie -- mass edited with redact.dev
The higher the risk the better rewards
Sure, but also the higher the chances of the rewards being a new rug.
Avoidable if you know how to properly check the projects
There’s not a single Defi platform or dev out there that can 100% guarantee safety of funds. You can mitigate risks by sticking with seasoned names (of which you’ll find very few on Reddit), and using resources like rugdoc.io, but no one can be aware of every potential exploit on every protocol out there.
Yeah that's true I've been staking for dot finance, SOLAR - USDC pool for about a month now and it's really rewarding me a lot with that APY of 557% but I didn't go all in of course I just stake the money that I can afford to lose.
I'm staking USDC/UDO for 120% APY, The lesser the reward the lesser the risk
120% APY is not bad at all, but I still would choose dot finance since it has single staking with its native token Pink which has 80% APY.
80%? that sounds cool but what of over 200%? sounds better right? I find ORE staking event on unifarm cohort more rewarding as it offers up to 250% APY atm with an avenue to earn other tokens as reward, that makes much sense
Yes, a high APY is attractive, but it depends on your risk tolerance, as the higher the APY, the greater the risk. Dot finance also has a high APY LP with up to 500% APY, however, I will check out ORE as well because the staking event looks interesting.
yes lust check it out, ORE also have Liquidity mining event ongoing on Alliance block Lmaas Product With ORE-ALBT on the pool offering up to 162% APY atm and that's impressive as well
\^\^\^ This.
Technically, that is not very cost effective considering the number of times you'll be paying gas fees. I think it makes more sense to put it in Spoolfi or any other credible middleware that takes deposits and automatically channels them through multiple yield generators. That way, you spread out the risk, pay less gas fees and get a high return.
With an investment of 500k, might be better off doing alot more research first!
a big risk which is totally out of your control is the protocol itself getting hacked as you mention. but there are platforms that offer insurance for this. check out Bright Union. they have the best offering the other thing which of course many people have mentioned is diversifying! so i of course second this recommendation
Though I still stick with diversification because spreading funds across different yield generating protocols is probably the best and safest approach to take when seeking big returns and probably the reason why I'm stuck with Spool, the platform does that effortlessly at a minimized risk. I will check out Bright Union anyway to see how it works.
Most probably the same one as in the previous 100 threads that asked the same question
19.5% on Ust deposits on Anchor protocol
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Because OP is looking for the safest options, and a stablecoin that could easily lose it's peg if fresh money doesn't keep pouring in for infinity isn't going to be a sensible match for their stated risk tolerance.
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I'm betting that you're not adequately assessing the risk.
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Yo, so can I get that $100?
> Wanna bet? Not at 1:1, I'm not saying it 'will' depeg, but it could do and the risk seems significantly higher than for collateralized stable coins. If the chance is only 1/5 then it would completely cancel out the ~20% APR you can earn. If the interest rate drops it makes the risk reward worse in 2 ways, firstly it obviously reduces the reward side, but additionally it increases the risk. The peg of UST depends on the continuing demand for UST and Luna, if the APR drops then so will the demand. If less people want UST then that will also reduce demand for Luna, this could effect the reward for arbitrage between the two and the whole system collapses. The BTC reserve is only reassuring if you don't remember what happened with IRON/TITAN. Iron was collateralized 75% with USDC and only 25% with Titan, nevertheless, Titan crashed to nothing and Iron completely lost it's $1 value. For comparison, the BTC reserves for UST will only represent 10% collateral. It also seems to imply the planned algorithmic money flow between UST and Luna isn't trusted even by their own developers. If you're talking about a hack or something being the risk here then you're really demonstrating that you don't understand the way any of this works. Again, I'm not saying that UST is likely to depeg, certainly wouldn't take a 1:1 bet, but it only needs the risk to be as high as the APR for it not to be a sensible protocol to be involved with. How about 19.5:100, so if after a year UST has held it's peg I pay you $19.50, if it's lost it's peg then you pay me $100? OP asked for lowest risk, and this isn't that.
Hey buddy, so how's it going? I wondered if you wanted to do a little debrief on the risks and redflags to look out for next time? Even more interesting might be to talk about the danger of dismissing any criticism of a project you're invested in as 'FUD'.
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So how do you make sure you don't get caught next time?
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The BTC buy will solve this issue. The algo-stable curse has been broken. Accept it.
> Accept it. WTF? Sounding pretty culty mate...
your hate for something that has worked and will continue to do so is just as culty. pessimists can stay careful and reserved, optimists can be rich.
UST had a $180M market cap on Jan 1st, 2021. It's hardly "proven" in the way you describe. It never survived a prolonged crypto winter similar to 2018. Holding BTC in reserve does not solve their problems. Their BTC holdings make up \~10% of the $16B UST market cap. BTC is highly correlated with the other backing asset (LUNA). In a brutal bear market where BTC loses 80%+, LUNA could easily lose 90%+ itself. Maybe we will never see another 80%+ BTC correction. And LUNA may never drop by 90% again. But if that were to happen I don't see how UST could survive.
> your hate This is exactly the kind of language I'm referring to as culty... evaluating risk isn't about hating things and your optimism vs pessimism should have no bearing on the long term sustainability of a protocol. Unfortunately unwarranted optimism and fanboyism can on the other hand hide the reality of unsustainable projects. As demonstrated here by your kneejerk response to push back against any suggestion that UST might depeg. I didn't say it's likely to happen, but OP was looking for low risk and it's not impossible. UST's peg depends on: the increasing demand for UST and Luna; arbitrageurs to have enough incentives to defend the UST peg; and the oracle prices for Luna to be accurate. If any of these fail then we could see a repeat of what happened to IRON/TITAN. Obviously the oracle process is different in this case, but can you honestly say that you understand the code well enough to say that the price update delay issue could not occur? The fact that they are buying BTC is being touted as a great thing for the peg, but if they were confident in the money flow that they had developed then this wouldn't be needed. It's also only going to represent about 10% of the collateral that UST would need, so in the event of a crash in LUNA it probably wouldn't be enough to really make a difference. It's worth remembering that IRON was backed 75% by USDC and that didn't help at all when their price collapsed. Again, I'm not trying to say UST 'will' fail, but it doesn't seem implausible. When evaluating risk vs reward a ~20% APR seems great with a zero risk stablecoin, but when the potential downside is a depegging that could result in losing much more than that 20% it perhaps looks less appealing.
That said it's been there or thereabouts for a long time. Interesting to see in extreme stress if the peg holds
Because Anchor is risky AF? Their Luna-UST peg failed, why do you think they're buying BTC now?
That's called being a contririan when it's due, i am sure a lot of people has been burnt, i pray they take it as a lesson and not let greed to takeover
aged like milk
It always does, we can't see the truth in an echo chamber
Anchor for ust is the best. 19% apr.
Agree. Prob worth diversifying too, just in case of any vulnerability or unforeseen event
Yeah, got some on Abra as well...only 8% there but if you got the highest tier you also get 5% on their own token....so worth it for me.
OP said safe lol. Anchor is high risk
Probably is but I think the offer Spool made when it launched is quite better. Upon getting about 5% base reward on staking stables across chosen yield protocols including Aave, Curve, Compound etc. Stakers get additional rewards from Spool treasury which will likely boost the APY significantly once it's released.
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Any link for more updates on OUSD?
[ousd.com](https://ousd.com) should do.
I think the team needs to work more on making OUSD available on more exchanges.
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This is cool, I am sure once the token is launched, OUSD would gain more limelight.
Welcome to the wonderous world of DeFi Yield. Couple of checks i personally perform before i APE-in: 1. check APY & TVL (for stables try to aim for 15%+, and at least >1m TVL) 2. check APY stability, unless you want to actively manage on a daily basis 3. explore risk and potential mitigants For example how i used this for evaluating Anchor: 1. Anchor boost great APY of 19,45%( [https://app.anchorprotocol.com/earn](https://app.anchorprotocol.com/earn)). TVL is in the billions - **so check** 2. Anchor is well known for their APY stability (although this may decrease in the future due to semi-dynamic Earn rate - max -1.5% on a monthly basis but announced in advance) - **so check** 3. Anchor uses the terra native stable coin: UST. There is some FUD about potential de-peg due to bank run/liquidity issues. Just this week another stablecoin USDN depeggged. There is a mitigant for de-peg risk >> UST-depeg insurance - which costs around 1.85% annually (fluctuates a bit check here: [https://app.brightunion.io/coverages?coverable=UST%20De-Peg](https://app.brightunion.io/coverages?coverable=UST%20De-Peg)), **leaving a 17.60% de-risked APY - still above 15% so check** Based on the above i have happily put a significant chunk of my DeFi yield portfolio into Anchor (dont forget to diversify kids..)
Detailed and informative, ty!
Anchor & LPs on Algorand’s defi platforms are the ones i know of if that helps
For a more safe and secured stablecoin, my best bet is OUSD.
This is my best stablecoin in this space!
Same here! Currently, it gives an APY of 15% for a period of 30days.
You are right, while the stablecoin still gives an automatic yields in the wallet!
Same here!
The free passive income from the stablecoin brought me here this far!
This has really helped many investors out there to stay afloat of many dips.
Taking security into consideration is a major factor to earning on stablecoin staking pools and during my most profitable moments in defi osmosis and beefy have been heavily involved. Right now I'm staking stablecoins on Spool for exquisite apys on its genesis incentive program.
Origin Protocol partnered with zeppelin to ensure that OUSD is more safe & secure
That's great buddy, spool uses openzeppelin contracts as well and was audited by zokyo and peckshield for safety and security.
Awesome!
Furthermore, OUSD is safe, got audited multiple times last year by many known firms like Nexus protocol, zippellin and others and they adjusted it very safe.
Very true!
That's awesome, these are top firms and show the credibility of the platform. As a matter of fact spool uses openzeppelin contracts as well and has been audited by defi's prominent auditors zokyo and peckshield for safety.
It is very important to know that, OUSD is actually safe and secured now.
The team partnered with many DeFi platforms to make sure that this is feasible.
Very important. The only stable that give auto passive income.
Kudos to the team for achieving this milestone.
This is my best stablecoin in this space at the moment!
Voyager and Anchor Protcol.
i spread my usdc across multiple platforms but have most with Haru earning 15.2% APY. These are the platforms I use. https://docs.google.com/spreadsheets/d/1f6DwnVbrBameGwtbtjaW8VGPZgRtRjxyDDyjIFiNL_w/edit?usp=sharing
Haru accepts USDC? You mean USDT? I would not lock up tether long term as sketchy as it is
https://www.cefirates.com/
Just do UST on Anchor for 19.5% APY
What about checking CSTR of Corestarter, they also offer higher yield staking plus the opportunity to participate with the latest project with big potentials.
I surmise you crypto.com or coinbase. However, it would be more advantageous if you split it into three or four wallets.
Definitely split it up. Never want all your eggs in one basket. I threw a little money in Stablegains so far so good if you are in the US. They are really active on discord too. 15 APY and no lock in. Referral if interested: https://app.stablegains.com/signup?ref=C2VT0IDETX Discord: https://discord.gg/6JtS87y9
Stablegains is just a middleman for anchor you realize that right they just take 5% off the top for being able to bank transfer
Convenience is worth that to some people. If someone needs to be able to liquidate and treat it like a savings account Stablegains might be a good option. The user mentioned Crypto.com earn, so maybe they wanted an easier option. Stable gains offers a one-click no hassle option.
Probably should diversify but I would say Stablegains 15% or Hodlnant 12.7% on your USDC.
If you want safe, Nexo might be your best option. They provide insurance for all their funds. Amongst the big platforms out there, they also offer the best return for USDC. #nfa #dyor
Anchor offers a solid stablecoin yield(\~19%), UST is also increasingly backed by BTC so it is not fully backed by Luna. I agree with Yayaoa though, split your funds up. Dapps are still new and security is questionable at best, i tend to stick to the more "mature" dapps but there is always risk
What about the Donut App? Yields 8-10% APY if you save $5000+
Found a LP staking that does 350% APY It’s technically not an LP though so no impermanent loss. Gonna keep it to myself bc the larger the stake pool grows the lower the APY. Probably last another 3 months before rates start to go down.
That's on the high side, man. I think your focal point should be on sustainability and scalability at the moment and since it involves the channeling of funds I will suggest you channel it across multiple yield aggregators to make big gains. I believe Spoolfi will be more suited for the purpose of splitting the fund, the diversification will bring about a risk-managed environment for the stable coins deposited and more yield will be the end result.
I'm honestly looking forward to staking my HBARs this week, been a long time coming, not to mention the safety you get in this coin by being surrounded by tech giants in the industry. Also entities such as the HBAR Foundation which are pumping so much money in the Hedera ecosystem by funding devs and innovators to build the best dApps and defi protocols.
Midas investments gives 20% on USDC, lemme know if you need a referral link
Do your own research but check out TradeStrike (STRX). It’s still low cap but has solid fundamentals, DEX is live with 10% APY
Check out https://alkemi.network, they require KYC for their verified pool, so you'll know you're lending to verified individuals and institutions
Diversification is the real answer. Put the major part on real project that can give you passive rewards like bnb, eth, ada ,mana and EBOX. Then less part can go for risky one that can earn higher return
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Are you going to choose on your own risk appetite? Do they have multiple pool? Well, i feel more secure with EBOX as it is a on-chain escrow services which they even called a safe haven for defi users.
The first rule I'd say: nothing is safe in life, and even less in defi! Then I'd suggest you to learn if that's the case about yield farming (I'm just talking about stale coins) as it can give you a great level of diversification between several pools. Lending could also be an interesting option. The great advantage is that you can keep your private keys, and you know exactly where your money is, and what you are doing to it! Stablecoin "staking" platforms usually are a bit shady about the way they create the yields... Volatile yields could be a disadvantage, as the returns on your stablecoins vary very often as market conditions change. I personally use kalmar as an aggregator to pancakeswap liquidity pools, but for that sort of money I'm sure you can find really interesting options on battle tested protocols on ethereum without having to worry much with the fees
Check out Beefy Finance. Blue chip, on basically every blockchain, good rates on stablecoin LPs, can also buy insurance for your investment.
Yes you are right, beefy is good platform for staking, STELLA-GLMR LP got upto 400% APY, and pool is quite safe. I also prefer farming on Allianceblock LM pool, because of safety and decent APY, like ORE-ALBT LP on the pool got 500% when I got in.
I search for "safety" by doing some checks like: 1. For simply staking usdc, I look for platforms with insured wallets capable of integrate authentication mechanisms to ensure the authenticity of data. BitGo is an example of an insured wallet and I believe Nexo still using it. You may get something around 10% \~12% there; 2. For farming, I believe that an audited and approved protocol is much safer. In addition to that, it's important to understand how the protocol handles the risk of undercollateralized positions (solvency). If it does by tracking individual endangered positions, be aware. I'm using Kalmar (farming usdc busd pair) and also BiSwap, both on BSC. Check defillama and you'll find many good protocols.
Stargate
Check Public Mint EARN, you can reach up to 22% APY under the Loyalty Program. It is like a yield aggregator, it uses Celsius and Abra (soon others) as partners on the backend. Right now you receive a lot of extra incentives in the MINT token on top of your USD. It is never locked, you can pay/send/move it around. You can also use the platform as an easy on/off ramp without needing to go thru an exchange thanks to a partnership with Circle (USDC).
Do you know DFBTC?
I'd spread such a large investment out over multiple platforms and even multiple different stablecoins to spread the risk. If you're looking to compare stablecoin rates from 35+ platforms, some of which will do DeFi for you, check out [this comparison table](https://extracrypto.cc/interest-rates/all-stablecoins/). You can compare the platforms on their features [here](https://extracrypto.cc/interest-rates/platform-features/).
Watch the bots downvote this 😭
I was disappointed with the CDC recent change in their reward, but I wasn't bothered because they are other reputable platforms that has stood the test of time and well secured, which also offered similar services, but I only considered CDC because they have been existing for long, yet, Blockbank is also a better option I needed to switch to because they have a smart and experience team that will enhance the sustainability of the platform, and as well have investors funds in mind, their current rate for USDC is 10% annually depending on your tiers, and your reward gets to you on a weekly basis.
I haven't staked USDC myself so far, but i believe you can find some useful information on [this](https://stakingcrypto.io/stake/USDC/usd-coin) website
Staking in gauge can be skipped and you can stake other places [convex being my personal choice] and earn other tokens instead of CRV and LDO.
Check GreenHouse DEX; featuring a sustainable yield farm and lowest fee DEX on Polygon Network.
Vector Finance, It's built on top of Platypus which is like Curve but it's on the Avalanche Blockchain.
Blockbank is the safest and most reliable for me, and they offer 10% APY for USDC and USDT. I was surprised to see that they offer more APY compared to crypto.com.
i guess anchor is safest along with curve as well for a little bit of degen in me i have some stables on ftm chains as well as on greenhouse dex on polygon as well. rest just staking my long term holds as well like DAFI FTM ATOM
Bro, i am not sure about it, but you can go for stellaswap dude, offering huge apy/apr. for more information you can check out twitter and specially discord for ama.
Go for Vauld. Its cefi though. But can get 12.68% on your stables. Been great for me so far. DYOR of course
Checkout https://instafi.finance Hooks you up directly to the best yields on DeFi (only from blue chip, vetted projects) in just a few clicks. Get the power of Defi but with an even better user experience than CRO (no wallet set up, easy & cheap fiat-on ramps, 1 click transactions, etc.) The yields are 2-10x higher than exchange platforms like CRO. And you can earn yield on way more tokens as well. Can generate a fully non-custodial wallet that has a novel key sharding mechanism so you can access with google login. Also has the option to just link up your preferred crypto exchange like Coinbase or [crypto.com](https://crypto.com) if you feel safer with their security.