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Anonymous

16 Sep 2021

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Earning interest on stablecoins

Crypto newbie here, is it advisable to buy DAI and earn interest on Gemini Earn / Hodlnaut?

Hodlnaut Crypto Earn Gemini Crypto Earn

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WenBin Leong

23 Sep 2021

I dont hold dai because of the possibility that the cryptos that are collaterised for DAI also falls too much in value but holding in Hodlnaut is not really a long term play. maybe just to earn some interest before i buy dips

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Maximilian Günther

22 Sep 2021

Stablecoins are considered safer as compared to traditional cryptocurrency. If you want to earn the maximal interest on stablecoins, I would go with Yong Ming's suggestion of depositing UST into the Anchor Protocol to earn 20% APY. It seems to be the safest and best stablecoin play on the market right now, as you can get insurance for your UST deposits.

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Changteck

22 Sep 2021

Social Media Manager at Hodlnaut

Really depends on your risk profile.

Being in crypto is already considered extremely high risk, and...

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Related Posts

What is the cheapest way to purchase stablecoins using SGD so that I can transfer out to earn interest?

Currently using DBS Remix eSavings Plus earning 0.05% interest. Should I open CIMB FastSaver and transfer my money over to earn 1% interest instead? Will there be a huge difference in the interest earned?

Any thoughts on using CPF to earn interest? Will I still earn good interest if I pump cash into my CPF monthly?

Do you use SingLife Visa Debit Card to spend up to $500 to earn the 0.5% pa interest? If yes, what do you normally spend on to earn this interest?

What is the reason why CPF say by topping up your CPF SA in January each year earn more interest? Does that mean other month I will earn less interest?

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