Quote from: adultcrypto on Today at 07:13:19 AM

Quote from: Ota.collins on January 23, 2025, 01:43:08 PM

Stablecoins don't get as much attention as most cryptocurrencies as many don't see any profit potential in holding stablecoins but some stablecoins have changed this narrative.

USDS which is a stablecoin is quite different from others. From doing some research on it I discovered that USDS holders can earn rewards through Sky Token Rewards, where supplying USDS to the Sky Token Rewards module grants SKY governance tokens over time.

You can check it out here https://sky.money/. This can be a great way to hold your profits when the bear market comes as you continue to make profits while holding the stablecoin.

I am now curious to know how many stablecoins offer this. Having more than one can help with comparison. Kindly share if you have come across any others, and also what your thoughts are.

Instead of using this method, I rather keep my money in bitcoin and other notable altcoins like XRP, Solana, XLM and others. These might be volatile but I know that my money will not disappear because staking is done in centralized exchanges which if anything happen to the exchange, you lose everything you have in there. The profits from staking my money in such a system is not worth the risk because in business, you have to properly access the risk while making your business decisions.

That is a valid point and I respect your approach. Bitcoin and altcoins like XRP and Solana are solid picks for those prioritizing control, even with the volatility. While I see the appeal of staking with USDS due to its transparency and non-custodial nature, I agree it comes down to my personal risk tolerance.

What is your outlook on Solana and XRP this year? Would love to know your target