Post
Topic
Board Altcoin Discussion
Re: Is it worth staking stablecoins?
by
Abiky
on 06/03/2023, 17:38:22 UTC
This is a bullshit suggestion. Stablecoins is the safest coin if you want keep the value of your asset stable. The idea of the OP is to get profit safely even with small percentage while his assets is protected from crypto volatility. Investing on shitcoins will just make his asset exposed to a lot of risk since crypto market is on a bearish trend. This suggestion of yours is irrelevant to the topic.

@OP, BSC has a cheap transaction and there’s a lot of DeFi project that offer liquidity farming optimization like automatic compounding interest. Just search on the top dapps of BSC to get your preferences option.

BSC is a very attractive blockchain for "De-Fi", especially when it's backed by the biggest crypto exchange in the world (Binance). A lot of projects have moved from ETH to BSC, despite the rising success of competitors such as Polygon and Solana. Binance's native stablecoin BUSD may be facing issues with regulators, but there are still plenty of other options to choose from. I'm eyeing PancakeSwap's liquidity pools, to get the most out of my stablecoin holdings. Of course, there's always a risk when it comes to staking crypto in a decentralized manner. But it's still a better option than staking crypto on a centralized exchange. You and only you control access to your funds by holding the private key. I'd focus on staking trusted stablecoins such as USDT and USDC for complete peace of mind. Maybe they'll last for a very long time? Just my opinion Smiley