#StakeUSD1Earn8.88%APR

While everyone else is rushing into hype pumps, I'm dabbling into passive yields too. Markets have been way more vibrant the past week and everyone might be tempted to put every penny into the next biggest trade. Over time I’ve found out that not everything needs to be subjected to the volatility of the markets.

Which is why I am also keeping an eye on stablecoin staking such as USD1.

CurrentlyUSD1 has a reference APR of 8.88%. This is an option if I want passive yield, while remaining ready to deploy into the markets if the opportunity arises. Rewards start accruing the day after staking, paid out daily and I find it useful to redeem at any point in time. I personally like the product a lot, because depending on market condition, during an active bull run, I will likely dedicate more of my funds to trading activities, but during a more sluggish, choppy market condition, earning yield while not being invested in the market can be a lot smarter than just leaving idle funds.

Naturally, when staking I’ll still need to check on the product, sustainability of return and platform itself, APR is attractive to me as a start but the long-term sustainability of yield, transparency and security are more important for me.

To me staking does not replace trading, it compliments it. Trading allows us to potentially capture bigger wins at a greater volatility whereas passive yield keeps the capital active while waiting for better trading setups. Over my years in the crypto space, a huge learning has been that not only must one capitalize during strong runs, one must ensure capital also remains efficient during downtimes.

This mix of active trading and passive yields have since become a key component of my overall investment strategy, and one that will likely see greater attention from more crypto investors as the space continues to evolve. If you have excess stablecoins today, would you prefer to earn 8.88% APR by staking or keep them available to place into your next trade?

‍#USD1 #DeFi @Gate_Square