Anyone using any app / dapp for yielding stablecoins?

WATERCOOLER
#1

Hey guys & gals, what’s up :slight_smile:

I know we are in a crazy bull market now, getting even crazier, but…

I wonder if any of you prefer to hold a healthy amount of stablecoins rather than putting everything into your favorite cryptos and HODLing for years.

I do realize it’s healthy to take profits and have some available liquidity in USDC/USDT,
but it makes me feel weird and itchy to be HODLing stable coins that do nothing haha

So do you still “HODL” stablecoins, or do you actually yield more of them using some app or DeFi project?

If yes:

  1. which apps/dapps do you prefer and would recommend?
  2. what is you reason for not buying up more eth, btc, dot, or whatever you think will MOON like crazy in the upcoming years?

Thanks!

#3

I am generally new to the space so take what I have with a grain of salt! My plan is to hold a majority of my assets (Mostly ETH and BTC, and some smaller altcoins) during the bull market. Once we start to go into euphorbia on the NUPL, I will start to transition into stable coins and collect yield on them during the Bear Market using a dApp such as Y-Earn Finance. The Y-Earn application takes your stablecoins and deploys them across a whole bunch of different protocols that earn the best yield automatically. It is essentially yield farming from what I understand. Here is a pretty good video on youtube about the application. https://youtu.be/opfkTb4ndvc

Good Luck to you, and may the Pump Be with you!

2 Likes
#4

Also, just holding for the long term isn’t a bad idea either. I would just like to take advantages of the market cycles that we know exist.

#5

Thanks for sharing bro!
Yearn is definitely awesome :slight_smile: