While the market continues to trend bullish, we should forget that we are in another 4-year cycle, and usually in the first year, the market tends to create its ATH before the bear market begins.
While BTC and other tokens are doing well now, it would be smart to prepare for the bear market by holding stablecoins to earn yield, so profits earned and the capital can be used to invest when the market shows an opportunity to.
In search of a way to do this, I stumbled upon BGUSD, a certificate backed by a basket of RW assets that can be converted to USDC at a 1:1 ratio. It gives an APY of 5%, and its subscription is free for your first 30 days. I am curious to know if there are others so I can compare and contrast before making a decision. If you have found others, please share in the comments.
So, just like on what i have in mind at the moment that you do mentioned out that BGUSD then im already that assuming that it is that connected to Bitget and I was right with that. While BTC and other tokens are doing well now, it would be smart to prepare for the bear market by holding stablecoins to earn yield, so profits earned and the capital can be used to invest when the market shows an opportunity to.
In search of a way to do this, I stumbled upon BGUSD, a certificate backed by a basket of RW assets that can be converted to USDC at a 1:1 ratio. It gives an APY of 5%, and its subscription is free for your first 30 days. I am curious to know if there are others so I can compare and contrast before making a decision. If you have found others, please share in the comments.
You can check out right here: https://www.coininterestrate.com/stablecoin-interest-rates/
Dont know if the lists is accurate or not. Going back into those talks about market cycle then of course we do have that 4 year cycle as we do all know. If you are a holder then these things wont bother you but if you are someone who do want to maximize profits then you would be buying into bear market season but it doesnt mean that those holders wont be able to do so. If your capital is limited then selling out on peak on bull run will be the best approach or action that you would be needing up to take. So it will be that depending on you on what actions that you would be gonna taking.
When it comes to those staking and APY then im not that much being interested into these stuffs about passive or what.