Stablecoins’ lending yields up to 20% in leading DeFi protocols
The decentralized finance (DeFi) ecosystem is full of opportunities and risks that could reward savvy cryptocurrency investors. For example, lending stablecoins can yield up to 20% in liquidity mining protocols. In particular, leading DeFi protocols running on Ethereum (ETH), like Aave (AAVE) and Compound (COMP), highly reward stablecoins’ suppliers. On Aave , investors can lend USDC and USDT with a 19.18% and 20.44% annual percentage yield (APY). Meanwhile, Compound v3 offers 15.19% for Ethereum-based USDC. Lending the stablecoin on other chains like Polygon (MATIC), Arbitrum (ARB), or Base could reach even higher APYs. Finbold retrieved this data from each platform on March 10. Picks for you Here's a 'window of opportunity' that could see XRP hit $27 35 mins ago Buy signal for 2 strong cryptocurrencies this week 2 hours ago Machine learning algorithm predicts WIF price on March 31, 2024 4 hours ago What Gold, Bitcoin, and S&P 500 n...