Warning: Steem witnesses executed a hard fork on 2020-05-20, seizing 23.6M STEEM from 65 accounts. The funds were transferred to an account named @community321, the ownership (and intentions) of which have not been revealed. The witnesses claim to have been targeting accounts which defended against a hostile takeover in early March, but at least 2 accounts on the list have been inactive for over 4 years.
[Diving into DeFi] Comparision between Defi with stable coin
Recently, a lot of defi are coming. Among them, I introduce Defi that can be used with only stable coins. Here are some of the things I have used.
The stable coin keeps following the price of $1. There are many ways to keep the price of one dollar. Usually, stablecoins make $1 as collateral for backup assets. Defi with stable coin (USDT, USDC, USDJ) is recommended for these people.
* I don't want to worry about raising and lowering coins.
* Hopefully there is less volatility.
* I wish I could earn more than the bank interest.
* I want to focus on my work.
Before you join Defi with stable coin. You should check four things.
* Is interest paid as a governance coin? Or is it given as a stable coin? If you receive it as a governance coin (sun, box), the rate of return will change as its value rises and falls.
* Is there enough liquidity? If you buy a stablecoin with insufficient liquidity, you can lose money when you cash it out later. Be careful.
* Who runs it? Can the stablecoins they issue hold a dollar? You should also check.
* How about the fee? Is it high? If you use Ethereum defi, you have to pay a lot of transaction fee.
## 1. SUN mining with USDJ (APY 50.05%)
## 2. mstable, musd<->usdc (APY 14.62%)
## 3. Defibox, usdt<->usn (APY 13.99%)
## 4. EOSDT (APY 12.84%)
## 5.SUN mining with USDT ( APY 11.71%)
Well explain my friend. If we provide liquidity with stable coin is better than other alts. On withdrawal those no need to worry.
Nice post from you. Have a great day ahead.
#twopercent #affable #india