Thread by @alpha_pls

If you you've got some stablecoins right now then this one is for you.

I searched many chains and DeFi dApps to find that sweet yield.

The 5 best stablecoin farms right now:

I have used all of these platforms, and consider them to be reasonably safe & easy to use, but some are more battle tested than others.

I never recommend being all in on one platform.

Spread your stablecoins out amongst various dApps to mitigate for any smart contract risk.

1/ @platypusdefi on Avalanche

APR: 5.8% - 34.5% (earn $PTP)

Stake some $PTP & stack vePTP to get the max boost (Use booster calculator)

Spread stables among pools for best results.

6 pools:

• USDT.e
• USDT
• DAI.e
• USDC.e
• USDC

2/ @anchor_protocol on Terra

APR: 19.45% (earn $UST)

Deposit $UST. It's that simple.

3/ @traderjoe_xyz on Avalanche

Pools APR: 7.78% - 17.95% (earn stables)
Farms APR: 1.13% - 6.5% (earn $JOE)

Deposit stable coins into various pools & earn trading fees plus $JOE.

Pools:
USDC - USDC.e
USDT - USDT.e
USDC.e - UST (highest yield)

4/ @YieldYak on Avalanche

APY: 8% - 23.3% (increases LP tokens)

After depositing stablecoins in @traderjoe_xyz or @pangolindex, you can take the LP tokens & deposit in Yield Yak.

Yield Yak will auto compound the rewards for you.

Pools:
USDC - USDC.e
UST - USDC.e

5/ @iearnfinance on Ethereum

APY: 5.68 - 9.68% (paid in stables)

Good option for non USD stablecoins, but gas costs much higher.

Auto compounds for you.

Use @zapper_fi to do all txns in one.

Pools:

curveibGBP
curveibAUD
curveEURS-USDC
curveibJPY
curveibKRW
curveibCHF

If you found this thread useful, give it an RT, follow me @alpha_pls and subscribe to the free newsletter for more crypto, defi & NFT related alpha.

alphapls.substack.com