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yes there are dozens of decentralized protocols that claim to offer high yield. but few can really sustain that in reality. safer to not chase such high yield.
by blockfiuser0102 4y ago
yes there are dozens of decentralized protocols that claim to offer high yield. but few can really sustain that in reality. safer to not chase such high yield.
- itake 4y agoMy understanding of the "high yield" options don't pay out in stable coins. At best, they are vulnerable to impermanent loss and worse the smart contracts get outsmarted with all the coins gone. Staking crypto has lockin periods, whereas blockfi had no lockin period. Can you share an example of a decentralized protocol that offers high yield in a stable coin with less risk than blockfi offered?
- TimJRobinson 4y agoThe balancer USD boosted pool currently gives 2.4 - 4.4% returns at the moment (https://app.balancer.fi/#/ethereum/pool/0xa13a9247ea42d743238089903570127dda72fe4400000000000000000000035d https://app.balancer.fi/#/ethereum/pool/0xa13a9247ea42d74323...). Theres another new one on polygon that gives 12% but it will likely drop soon as people discover it: https://app.balancer.fi/#/polygon/pool/0x48e6b98ef6329f8f0a30ebb8c7c960330d64808500000000000000000000075b https://app.balancer.fi/#/polygon/pool/0x48e6b98ef6329f8f0a3... That's about the best you can get in this bear market.