Where to store my restless stablecoins? Where is a good stablecoin mining pool?

The talk of USDT going wrong is not a day old, for three years (actually longer) there has been talk that USDT is going to fail.

For days, USDT’s interaction with fiat currencies has been poor, and the “exchange rate” has fluctuated from 6.55 to 6.1 and 6.2. The talk that USDT is going to be a problem is not just a one-day thing, but for three years (actually longer), there has been talk that USDT is going to fail.

“It seems that some people have forgotten about the problems of USDT, but it is true that USDT is less “stable” than USDC, PAX, DAI, GUSD and other stable coins. The solution is to try to switch from a single coin like USDT to the multiple stable coins mentioned here. The solution is to try to switch from a single USDT coin to one of the various stable coins mentioned here.

Now there is a second problem, the market for many people do not dare to full position, also do not dare to short position, there are a bunch of stable coins in the hands, not good to change into fiat currency or do not want to change into fiat currency. Then take in hand and there is no gain, then, the following recommended two platform pools can be used.

First, Curve.fi

Where to store my restless stablecoins? Where is a good stablecoin mining pool?

You can see these pools, the third of which yesterday’s earnings APY was more than 10%, while today lowered to 8%, short-term observation data APY is basically above 8%, there is a benefit here is that it can be turned into a stable coin composed of LP for mining on Curve with one click, without the need to consider too many impermanent losses, or principal changes. Here there are four stablecoins composed of combinations.

The four stablecoins are: UST, DAI, USDC, USDT.

The basic logic is: 3Pool (the top one pool with three stablecoins DAI, USDC, USDT) with all the tokens contained in the UST pool (the fourth pool counted above).

Second, the spookyswap.finance on Fantom

Here is an expected token FTM on fantom, the current FTM token price is at a low level, meaning that the principal will become more after the probability of price fluctuation after joining LP. (The calculation is in the reference article at the end of the article)

Where to store my restless stablecoins? Where is a good stablecoin mining pool?
Where to store my restless stablecoins? Where is a good stablecoin mining pool?

fantom as ETH layer2 its fees are low, no need to worry about burning ETH and the gas spent is FTM.

The USDC-FTM LP pool here has an annualized return of about 150% on May 24, which is currently reduced to 127.88%, still a relatively high DeFi mining pool.

Spookyswap.finance is a well-known DEX on fantom and is easy to use.

Fantom’s Metamask wallet network setup parameters are as follows.

Network Name: Matic Mainnet

New RPC URL: https://rpc-mainnet.matic.network

Chain ID: 137

Symbol: MATIC

Block Explorer URL: https://explorer.matic.network/

Other options.

Heco lending platform: https://channels.finance/

The returns on the various stable coins here are also good. The interest rates are higher than other lending platforms.

Where to store my restless stablecoins? Where is a good stablecoin mining pool?

The above is the current method of depositing restless stablecoins and getting returns. Of course, there are also ftm-stable coins LP pools present here, where the risk is also relatively small and the yield is high. You readers need to study matic and fantom on all kinds of DEX, lending platform and other financial class tools, these ecology is also growing.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/where-to-store-my-restless-stablecoins-where-is-a-good-stablecoin-mining-pool/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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