Farming stablecoins is one of the best plays to make. Here’s your guide.
Farming stablecoins is one of the best plays to make, especially in a bear market.
But how do you by doing it? What are the different options? What are the pros & cons? This post is for you.
We’re diving into:
- Lending protocols
- Yield Aggregators
- Incentivized Liquidity
- Leveraged farming
- Risks involved
- Finding the right play for you
Lending protocols.
Lending protocols are super simple.
Lenders lend out their stablecoins at a certain APY, borrowers borrow at a certain APY that is higher then lender APY.
The interest goes to the lenders.
Top Tier Lending protocols
Top tier blue chip lending protocols like Aave & Compound have been around for a while, they’re safer and have lot’s of money locked in.
The stablecoin APY on these platforms is typically low, but still significantly higher than traditional savings accounts.
