Quote from: Abiky on February 13, 2023, 04:14:27 PM

I have some USDT and USDC in my portfolio that I'd want to stake in a "De-Fi" dApp without worrying about it in a long time. There are liquidity pools in Uniswap with attractive stake rates, but there's also Compound.Finance with its lending services. Both of these platforms are built on the ETH blockchain, so gas fees would be astronomically high. I've read about some platforms being compatible with Polygon (MATIC), but I'd have yet to see if it's worth the shot (especially in terms of security/reliability).

Do you know the safest way to stake stablecoins without breaking the bank? Also, do you think it's worth it? Or should I consider other options? Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance.

To my understanding, staking usdt, usdc etc in your portfolio is a waste of assets and resources; why? because it is no different from using the native banking system fixed deposit method which we all know yields little to nothing in profits when we evaluate the turn over in a year. I think the most appropriate thing to do is to consider other investment options. Which options are there?

1. Trade your usdt/usdc in spots daily targeting atleast 1-5% per day (depending on your trading skills amongst others)
2. Participate nft flipping in opensea, (confirm that you have the skills, knowledge and experience to do this)
3. If you can, it is profitable flipping bitcoin lately on binance; if your usdt/usdc capital is huge; you can target simple %
4. Try participating in IDO events (especially on arbitrum network, the trends favor that chain lately)

I would suggest you avoid the expensive chains; the market is too bearish to spend so much funds on gas fees.
My humble opinion sir