#GUSDYieldRisesto3.8%

The 3.8% GUSD Yield is Giving stablecoins much more than safe storage Many of you know that stablecoins are something that I have started to pay more and more attention to over the last few weeks. They are evolving and moving from just a place to park your funds while waiting out volatility in the market and are becoming useful tools to passively generate steady returns and also keep your capital ready for the next trading opportunity. A lot of people will have seen that the latest upgrade to GUSD allows you to mint GUSD 1:1 with USDT, USDC or USD1 and is much easier to jump between different stable assets.

To add to that you can also gain 3.8% annualised yields paid in daily compound for simply holding the stablecoin, a rate that may interest many of you looking for idle capital to be doing work in your wallet.

What I like more than the yield is the fact that you don't need to simply accept the passive yield you can also stake GUSD in the Launchpool, take part in Pre-IPOs, wealth management products and much more! This would be appealing to a lot of traders looking for opportunities to make their capital work much harder for them by stacking multiple products rather than just one form of return. That said I have never looked at yield solely, and before jumping into any product I take a good hard look at where the yield comes from and whether the overall structure is sustainable. I think consistency in yields and overall structures will always outstrip the desire to chasing the highest returns available.

In the face of volatility, it’s products that can offer stability, liquidity, and reasonable yields that I believe will continue to garner interest.

I often think that the smartest trading decision we make may not be finding the next 100x coin, but to ensuring the capital we aren’t actively trading in still continues to work for us. For me this is just a another reminder that stablecoins are becoming an important piece of portfolio management and aren’t just used for storing assets while the market swings wildly around. Would you be content to keep your stablecoins in your wallet, or would you be putting your GUSD to work at 3.8% while you wait for your next trading opportunity?

‍#GUSD #GateSquare