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You can achieve over 10% APY with stablecoins; that doesn't necessarily mean it's risk-free, but there certainly are options to consider. You can even find significantly higher than 20%, but you'll be investing in tokens that are highly volatile, and you may suffer from impermanent losses. Although you'll be gaining coins daily, you'll ultimately lose money because their value keeps dropping. Keep an eye on Beefy.Finance, they offer a variety of vaults that you can stake in; you'll find something that suits your needs.
10% APY in stablecoins may seem like a good deal, but it's still a risk, because if we look at stablecoins like UST they are worthless because of greedy CEOs and scammers.
Be aware of the risks involved, make the most of them, and profit consistently.
But saying with 20% APY on Altcoin or token is quite risky, because indeed the price fluctuation will be very fast.
Maybe the token will continue to be obtained but the price that continues to decline will make the coin price worthless again.
There are many kinds of scams with large profits, but in the end, it will only hurt.
Be careful with promises that provide large profits.
Beefy.Finance only offers a vault of a new project but it is possible that it will be harmful or even a scam.