Since we are talking about Stablecoins, here is the list of max. yields (APY) you can get by staking them:
- 20% Terra USD (UST) on Anchor Protocol
- 12.3% USDC on CoinLoan
- 12% Tether (USDT) on NEXO.
- 12% on DAI on NEXO.
- 10% on Hive Backed Dollar (HBD) when you stake them in Hive Savings
Do you know any other?
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It looks like Terra wins hands down...I think I heard that some Defi platforms has higher APY but its not that stable.
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Yeah. Insanely high APYs create an illusion to attract more investors. Sadly, most of them go rekt.
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Good list!
How about those UST returns.
On an algorithmic stablecoin that the US regulator can't touch.
LUNA is going to rip faces off.
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No doubt about that. Mind you, Anchor Protocol provides stable yields of around 18-20%. And then HBD - 10%
For others, APY keeps changing.
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The % return on HBD in savings is solely at the discretion of our elected witnesses, right?
At the moment, they have chosen to set it at 10%.
It would be interesting to know how a move to 20% (to match Anchor) would effect things.
If it could be done without fucking anything up from a technical point of view, it would be a great marketing tool.
With proper PR, you'd get the big crypto news outlets picking that up.
"Algorithmically backed stablecoins HBD offers 20% returns, matching the current best".
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It's just a value change from 10 to 20 so I don't think any major technical changes are required. But I am no dev so I can't be so sure.
SWEET! 😚
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But where is that money coming from to pay interest?
HIVE inflation?
If so, there will be an effect felt somewhere else so it might not be viable.
Anyway, this is for the witnesses to discuss.
Way above our paygrade ;)
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LMAO true. We are here to maximize earning potential from Hive without fucking up the system. ✌
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