[Diving into DeFi] Comparision between Defi with stable coinsteemCreated with Sketch.

in #steemcryptochallenge2 months ago (edited)

Recently, a lot of defi are coming. Among them, I introduce Defi that can be used with only stable coins. Here are some of the things I have used.

The stable coin keeps following the price of $1. There are many ways to keep the price of one dollar. Usually, stablecoins make $1 as collateral for backup assets. Defi with stable coin (USDT, USDC, USDJ) is recommended for these people.

  • I don't want to worry about raising and lowering coins.
  • Hopefully there is less volatility.
  • I wish I could earn more than the bank interest.
  • I want to focus on my work.

Before you join Defi with stable coin. You should check four things.

  • Is interest paid as a governance coin? Or is it given as a stable coin? If you receive it as a governance coin (sun, box), the rate of return will change as its value rises and falls.
  • Is there enough liquidity? If you buy a stablecoin with insufficient liquidity, you can lose money when you cash it out later. Be careful.
  • Who runs it? Can the stablecoins they issue hold a dollar? You should also check.
  • How about the fee? Is it high? If you use Ethereum defi, you have to pay a lot of transaction fee.

1. SUN mining with USDJ (APY 50.05%)

https://sun.io/#/sun
image.png

2. mstable, musd<->usdc (APY 14.62%)

https://mstable.org/earn
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3. Defibox, usdt<->usn (APY 13.99%)

https://dapp.defibox.io/market
image.png

4. EOSDT (APY 12.84%)

https://eosdt.com/staking/ko
image.png

5.SUN mining with USDT ( APY 11.71%)

https://sun.io/#/sun
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Well explain my friend. If we provide liquidity with stable coin is better than other alts. On withdrawal those no need to worry.

Nice post from you. Have a great day ahead.

#twopercent #affable #india

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