The best safe APY when yield farming stablecoins (in short)
at low risk, you can provide liquidity on dexs. depending on your blockchain of use the pay may vary. but this is the best yield I found:
arbitrum: you can get about 10% supplying mai and gdai.
what is MAI? 'Mai Finance is an open source and non-custodial stable protocol for extracting value out of priced assets'.
Basically, you can go to their dapp and borrow mai against all kinds of crypto and so their coin is overcollateralized and will stay at 1$.
what is gDAI? it's a yield-bearing asset, דo Over time it should increase in value, you are making more.
I trust this stablecoin That's why I decided to add them to the list, there are farms with higher yield but I don't think they will hold their price at $1.
cronos: you can get about 8% supplying usdc and usdt.
usdc is the most notorious stablecoin. Even though it recently fell off a cliff, I still think it will stay at the same price of 1$.
I don't really trust usdt, but I think everyone is wrong about him. I don't think its a ticking time bomb, I think that little by little he will lose popularity and slowly die, in the meantime, I'm going to take advantage of the yield.
avalanche: you can get about 8% supplying mai, dai, usdc and usdt.
why that pool?
after all, there are higher yields in other pools but the reason I chose this one is because this pool has a lot of liquidity. Liquidity is important for several reasons: firstly, if you enter with a large amount of money, this amount may change the yield That means the interest rate will be lower. Secondly, if there is no liquidity provider, it means that it will be difficult to Remove all the money at once.
fantom: you can get about 10% supplying mai, fusd, usdc
The reason I chose these blockchains is because the gas there is relatively cheap. This is also the reason I did not choose Ethereum. I know firsthand how much can gas can lower profits from yield farming. I didn't add Poligan to the list because there are no good and safe yields.
In the future, I intend to write about lending and borrowing arbitrage and all kinds of strategies.
I thought of a challenge where I start from $0 and have to earn free crypto from the internet.
Let me know if you want me to tell you about small projects that no one talks about and I'll throw in $10 for each of them