What do you think about moving $10k from my Singlife account (1% interest rate) to 3 different crypto lending platforms to earn a sweet 8-12% APY from stable coins like USDC and USDT? Any advice?

High risk, high returns.

You can move if you will like to take on more risk and if these are your spare cash.

Also depends on how you view Crypto. if you think it has a future, then it may be worth the risk.

As many has pointed out. It’s moving from a risk-free to high-risk product.

Other things to take note of:

• Platform withdrawal speed can range from 1-2 days to a week
• Interest rates are subjected to change similar to singlife/banks
• Purchasing stablecoins isn’t straight forward, usually you’ll pay 1-2% in fees before your deposit reaches the high yield wallet

If this cash is your surplus, I don’t see any harm. But if it’s your emergency funds, I would advise against it.

Personally, I’ve used all 3 except Hodlnaut. Recently started using Crypto dot com (CDC) as well for interest earning. I prefer Celsius and CDC over BlockFi which used to be superior due to trading but this has since been disabled for SG clients.

Here’s my referral codes, if you don’t have one. Else use your friends.
https://celsiusnetwork.app.link/1169676f91
https://crypto.com/app/xgt34bfvm7