Post
Topic
Board Altcoin Discussion
Topic OP
DeFi on Bitcoin, is it possible?
by
zrixes
on 14/05/2021, 02:53:28 UTC
Yield farming has been the rage this past year, with APYs averaging approx. 100x of what traditional banks are giving, thereby empowering everyday users to generate greater yields and moving a step closer to financial freedom.

Most folks entered the crypto space via Bitcoin, thus one would wonder if there can be yields generated on Bitcoin?

With Stacks, which pioneered the Proof-of-Transfer mechanism allows users to lock up their STX tokens for yields paid out in Bitcoin. Averaging ~12% APY

OKEx has teamed up with the Stacks foundation to bring double rewards to OKEx users for stacking STX.