When Terra offered a free 20% APY on their native algo-stable $UST, users flocked en masse to the network, in hopes of easy yield. Ironically, the collapse of LUNA is also what caused many in the space to shy away from platforms offering high yield, and take a more conservative approach with their “safer” assets.
While we may have all shied away from yield-farming, earning yield on your stables can make a very big difference to your portfolio, especially when the bull market returns. As such, let’s explore some top stablecoin yield opportunities, their APRs, and what risks are involved.
If you want to know more about the 10 protocols to stake your Stablecoins, find them in our full article here.