RE: What's your favourite way to earn APY with Stablecoins?

[thomasthewolf]

I had to google APY. The result is: there is no favourite way to me. All I get is losses, so I prefer not to touch stablecoins.
Please do not curate this, it is not a real answers to the question. Let's rather hope for others who have a better hand in finances. I'm quite curious.

Comments

[gillianpearce]

I had to google APY too. When you say

All I get is losses, so I prefer not to touch stablecoins.

Do you mean losses generally or losses from stablecoins. I thought the whole point of stable coins was that they have a 1:1 ratio with the coin they're pegged with. What am I missing?

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[thomasthewolf]

There are transaction fees, so all summed up there remains a loss.

[therealwolf]

That's not correct. There are centralized options (BlockFi, Binance, Crypto.com) where you don't have to transact on-chain.

[thomasthewolf]

And again I learned something new. Thank you!

[misterengagement]

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