A Stablecoin Overview Thread
Looking to spread your risk?
In this thread, I will show you places that you can gain passive income with APY ranging from:
-10% to 160% from stablecoins only.
I'll look at both decentralized and centralized exchanges.
THREAD
1/
Looking to spread your risk?
In this thread, I will show you places that you can gain passive income with APY ranging from:
-10% to 160% from stablecoins only.
I'll look at both decentralized and centralized exchanges.
THREAD
1/
1. Anchor Protocol
19.5% APY on $UST --> read my guide here:
You may increase your APY to 40-60% by using:
-Mirror Protocol --> read my guide here:
-Spectrum Protocol --> read my guide here:
/2
19.5% APY on $UST --> read my guide here:
https://twitter.com/Route2FI/status/1442835869879181312?s=20
You may increase your APY to 40-60% by using:
-Mirror Protocol --> read my guide here:
https://twitter.com/Route2FI/status/1454065822515830787?s=20
-Spectrum Protocol --> read my guide here:
https://twitter.com/Route2FI/status/1454519452888969220?s=20
/2
Or if you're a degen you can use Anchor Protocol with leverage and get 160% on stablecoins!
This DeFi hack is probably my most popular thread, so check out how you can do it here:
I've covered Anchor Protocol in these 4 threads, so let's move on.
3/
This DeFi hack is probably my most popular thread, so check out how you can do it here:
https://twitter.com/Route2FI/status/1450771403490447363?s=20
I've covered Anchor Protocol in these 4 threads, so let's move on.
3/
2. Orion Money
On Orion you can deposit:
$USDT
$USDC
$DAI
$BUSD
$UST
and recieve from 13.5% - 20% APY.
The APY will be higher if you choose to hold and get paid in the $ORION token.
If you want to get paid in your native token and hold no $ORION the APY is always 13,5%.
4/
On Orion you can deposit:
$USDT
$USDC
$DAI
$BUSD
$UST
and recieve from 13.5% - 20% APY.
The APY will be higher if you choose to hold and get paid in the $ORION token.
If you want to get paid in your native token and hold no $ORION the APY is always 13,5%.
4/
3. Kash DeFi
Kash is a DeFi product that makes it easier for people to save, invest and spend with decentralized cash.
You get 18% APY on your $UST deposit.
They also have a VISA card, and in some countries they let you insure up to $100,000.
/5
Kash is a DeFi product that makes it easier for people to save, invest and spend with decentralized cash.
You get 18% APY on your $UST deposit.
They also have a VISA card, and in some countries they let you insure up to $100,000.
/5
4. Celsius Network
For those of you that prefer centralized exchanges, Celsius offers 8.88% - 11.21% APY (depending on if you want to be paid in your native token or in $CEL).
They have mostly every stablecoins that exists.
Celsius has also very good rates on borrowing.
/6
For those of you that prefer centralized exchanges, Celsius offers 8.88% - 11.21% APY (depending on if you want to be paid in your native token or in $CEL).
They have mostly every stablecoins that exists.
Celsius has also very good rates on borrowing.
/6
5. Venus Protocol
Venus is a decentralized marketplace for lenders and borrowers built on the Binance Smart Chain.
You can get 9-12% APY on $USDT, $USDC and $BUSD.
Their borrow rates are really low too!
/7
Venus is a decentralized marketplace for lenders and borrowers built on the Binance Smart Chain.
You can get 9-12% APY on $USDT, $USDC and $BUSD.
Their borrow rates are really low too!
/7
6. YieldYak
YY uses leveraged farming.
This is considered a low-risk leverage strategy because both lending and borrowing use the same asset.
31% APY on $USDT.e
29% APY on $DAI.e
24% APY on $USDC.e
Really easy to use this platform.
It's on the Avalanche network ($AVAX).
8/
YY uses leveraged farming.
This is considered a low-risk leverage strategy because both lending and borrowing use the same asset.
31% APY on $USDT.e
29% APY on $DAI.e
24% APY on $USDC.e
Really easy to use this platform.
It's on the Avalanche network ($AVAX).
8/
7. Kava
Kava is a DeFi platform focused on making finance openly accessible to anyone, anywhere in the world.
You can lend out your $BUSD for 22% APY + get an additional 36% APY paid out in $HARD (which is Kava's Lend token).
/9
Kava is a DeFi platform focused on making finance openly accessible to anyone, anywhere in the world.
You can lend out your $BUSD for 22% APY + get an additional 36% APY paid out in $HARD (which is Kava's Lend token).
/9
8. Tokemak
Tokemak allows you to deposit single assets like USDC and let them do the yield farming for you without worrying about impermanent loss.
Earnings are paid out in $TOKE so that the underlying assets can continue to be put to work.
26% APR --> 29.5% APY.
/10
Tokemak allows you to deposit single assets like USDC and let them do the yield farming for you without worrying about impermanent loss.
Earnings are paid out in $TOKE so that the underlying assets can continue to be put to work.
26% APR --> 29.5% APY.
/10
9. Saber
Saber is the leading cross-chain stablecoin and wrapped assets exchange on Solana.
One example I found is 28% APY on staking wUST-$USDC.
However, they have lots of different stablecoin-pairs.
An overall great platform!
/11
Saber is the leading cross-chain stablecoin and wrapped assets exchange on Solana.
One example I found is 28% APY on staking wUST-$USDC.
However, they have lots of different stablecoin-pairs.
An overall great platform!
/11
10. Orca
A DEX with nearly zero fees. Also on @solana.
You may provide liquidity to a trading pool and get 18% APY on $USDC/$USDT as an example.
Lots of pools here, and I am sure you'll find something you like.
/12
A DEX with nearly zero fees. Also on @solana.
You may provide liquidity to a trading pool and get 18% APY on $USDC/$USDT as an example.
Lots of pools here, and I am sure you'll find something you like.
/12
There are tons of other places you can gain yield on stablecoins, but I've mentioned the ones I like the most in this thread.
You may have noticed that I haven't mentioned $ETH platforms. I love $ETH, but the gas prices now are too high for small coiners.
/13
You may have noticed that I haven't mentioned $ETH platforms. I love $ETH, but the gas prices now are too high for small coiners.
/13
Other places you can gain yield on your stablecoins includes:
1. @VesperFi
2. @investvoyager
3. @BlockFi
4. @YouHodler
5. @SushiSwap
6. @AaveAave
7. @compoundfinance
8. @BalancerLabs
9. @CurveFinance
10. @iearnfinance
11. @MIM_Spell
12. @traderjoe_xyz
+++
/14
1. @VesperFi
2. @investvoyager
3. @BlockFi
4. @YouHodler
5. @SushiSwap
6. @AaveAave
7. @compoundfinance
8. @BalancerLabs
9. @CurveFinance
10. @iearnfinance
11. @MIM_Spell
12. @traderjoe_xyz
+++
/14
Some personal thoughts about the products that I've mentioned:
I use @anchor_protocol and @kashdefi daily as my main go-to savings banks.
If you have ERC-20 tokens and/or don't fully trust $UST, take a look at @orion_money.
/15
I use @anchor_protocol and @kashdefi daily as my main go-to savings banks.
If you have ERC-20 tokens and/or don't fully trust $UST, take a look at @orion_money.
/15
If you rather prefer a centralized exchange I think @CelsiusNetwork is a great option.
I love the concept of $TOKE (@TokenReactor), and I probably have to do a thread about it soon, because what they do seems rather unique. DeFi 2.0-vibes!
/16
I love the concept of $TOKE (@TokenReactor), and I probably have to do a thread about it soon, because what they do seems rather unique. DeFi 2.0-vibes!
/16
@kava_platform and @yieldyak_ will be the next platforms I'll use to spread some risk by diversifying some of my $UST that I have on Anchor and in Kash DeFi.
I haven't personally used @VenusProtocol, @orca_so or @Saber_HQ, but they seems like great options for sure!
/17
I haven't personally used @VenusProtocol, @orca_so or @Saber_HQ, but they seems like great options for sure!
/17
There are too many platforms to cover them all, but I hope this thread got you an idea about where to start.
I would love it if you could retweet and bookmark this thread so that we all survive in the next bear market!
WAGMI
/18
I would love it if you could retweet and bookmark this thread so that we all survive in the next bear market!
WAGMI
/18
I would also love it if you could share your favorite places to get APY on stablecoins.
Maybe the platform you mention is an undervalued gem that more people need to be aware of?
/19
Maybe the platform you mention is an undervalued gem that more people need to be aware of?
/19
There’s a lot of strategies you can use to increase your yield in DeFi.
Check out my newsletter where you'll learn more about this.
I write about DeFi, financial freedom, and crypto in general.
It's ofc completely free 👇
getrevue.co/profile/route2…
/20
Check out my newsletter where you'll learn more about this.
I write about DeFi, financial freedom, and crypto in general.
It's ofc completely free 👇
getrevue.co/profile/route2…
/20
If you could help me spread the word by retweeting the first tweet I would be forever grateful 🙏
/21
https://twitter.com/Route2FI/status/1455845816627834883?s=20
/21
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