Stablecoins apy

The new feature aims to help hodlers have more control and flexibility over their deposited crypto assets. Plus, it is even available via the website, iOS, and Android mobile applications. Thus, the total interest will accumulate to around 9. This way, users can hedge any negative implications posed by market volatility by utilizing the Preferred Interest Payout feature.

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WATCH RELATED VIDEO: How to Earn 100%-13,000% APY with Stablecoins!! - Bear Market Proof Your Crypto Investment

Crypto ‘yield farmers’ chase high returns, but risk losing it all

The tools of traditional finance like treasury bills and deposit certificates known to bear yields have taken a backseat with cracks all over.

DeFi is that breeze of fresh air aimed to correct the existing systemic flaws. The crypto space backed by blockchain technology has become too large to be ignored. From its acceptance as a legal tender to the NFT craze or the recent purchases by prominent entities is an affirmation that blockchain and the crypto world are here to stay.

Like any other technology, blockchain world is subject to trial, error, and constant experimentation. This phenomenon has led to the creation of a flourishing industry ecosystem home to a myriad of projects, ideas, and innovations.

Moreover, the institutionalization of cryptocurrency has resulted in the rapid development of borrowing and lending activities contributing to the growth of DeFi and yield generating fixed income market for cryptocurrencies such as Bitcoin, Ethereum, and other stablecoins. A key factor in all of this has been cross-chain interoperability, one of the most promising innovations and a holy grail of sorts when it comes to the crypto space.

Interoperability enables greater collaboration and ensures the longevity of blockchain as an underlying technology in the development of dApps. With interoperability at its core and a vision to create a cross-chain stablecoin bank, Orion Money capitalizes on the massive untapped opportunity in the stablecoin savings market. It includes a suite of DeFi applications, each with a unique use case. More on that later. The inexorable growth of the DeFi money market and savings protocols is pioneered by apps like Aave and Compound built on Ethereum.

Anchor provides accessible, safe, stable, and attractive yields for the main street investor, even in the most severe moments of market volatility.

It generates a high stable yield on UST deposits by lending out deposits to borrowers who have secured collateral in yield-bearing assets. For the risk-averse investor, Stablecoins can be the crypto gateway to enjoy the benefits of income generation if only there was some sort of stability.

Thus, giving birth to the first product of Orion Money- Orion Saver. How Does This Work? In V2, liquidity pools will be set up on Terra for Wrapped Stablecoins in partnership with Terraswap.

Similarly, when a user wishes to withdraw an Ethereum based stablecoin the deposited UST in Anchor Protocol will be withdrawn and sent back to the Ethereum blockchain allowing the user to immediately get the preferred stablecoin.

The swap fee associated with the withdrawal process will be borne by Orion Money and the user. Orion Money is currently managing and optimizing the EthAnchor gateway. It contributes to the expansion of the Anchor Protocol offering, to Ethereum-based stablecoins, allowing users to deposit a greater variety of stablecoins on Anchor Protocol. The answer to this lies in the basic law of supply and demand. Orion Money converts all stablecoin deposits to UST.

ORION token has been designed with the simple goal of unlocking governance for the protocol and establishing a revenue share mechanism for its users. The unstaking period is 7 days. Orion eventually intends to move its governance towards the DAO model which means all the ORION stakers will be responsible for the important decisions through governance voting proposals. Stablecoin depositors will get boosted yields depending on the amount of ORION tokens staked, while investors or speculators will be incentivized to stake their ORION tokens to maximize the value of their tokens.

This methodology will kick-start the Orion Money ecosystem and its underlying protocols while also serving as a growth lever for user retention and adoption. The staking incentivization mechanism will further ensure that a sizable proportion of the ORION token supply is being staked.

As the Orion Money ecosystem grows, it increases the value that users will receive from the ecosystem itself. Currently, Orion Saver is operational on Ethereum network.

Forthcoming dApps on Orion include-. For any further information, Please refer to the Litepaper. To begin with, you need to connect your wallet to the Orion App. Choose your preferred wallet and connect to the Ethereum core network to proceed further. Do note the minimum and the maximum deposit amounts and accept the related terms and conditions. On the main panel under the Saver tab, you will be able to see your deposits and under the Dashboard, you will be able to see how the network is working and the Total Locked Value TVL locked in the application.

As of publishing this article, the staking feature has just been launched. Click on Deposit on the top right corner. The minimum deposit is UST. The withdrawal mechanism is similar to the deposit mechanism and can be accessed by clicking on withdraw on the top right corner.

The minimum amount for withdrawal is 15 UST. Orion Saver has just launched the staking feature, and when I say just , I mean as of this moment. It will soon be expanding to Polygon and Terra to allow users to deposit with lesser gas fees. Any technology that connects these different silos of the blockchain transferring value from one chain to another will create a strong use case.

Orion Money solves a major problem bringing diverse ERC stablecoin market to Anchor thus offering a high interest rate that is unheard of in the ETH world. While doing so, it removes the complexities and the barriers of understanding a new ecosystem, saves on expensive gas and swap fees or the associated slippage. Its goal is to increase the size of the crypto savings market and focus on mass crypto adoption while bringing value from outside Terra into it.

At the same time, it also helps the risk-averse investor by investing in stablecoins to earn a high yield. Partnerships with heavyweights like Delphi Digital, InsurAce to back, only reinstates the faith in the security and safety of this project. The project has successfully passed three audits and provides insurance coverage for Orion Money smart contracts and UST peg.

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Juicy Sushi. High stablecoin yields on MOVR

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Stablecoins are used to buy and sell other cryptocurrencies on exchanges. Currencies issued by governments, like the U.S. dollar, can be.

What Happens When Cryptocurrencies Earn Interest?

Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, is launching a savings scheme for its U. From Tuesday, the Gemini app will add a new service called "Earn" that lets clients move their holdings in cryptocurrencies like bitcoin , ether and litecoin into interest-bearing accounts. Gemini says it will offer rates of up to 7. For comparison, that's more than times the national average of 0. The company says it's able to offer such high rates by lending out crypto to institutional borrowers through its lending partner, Genesis Global Capital, in exchange for interest payment. Deposits aren't protected by the Federal Deposit Insurance Corporation, and rates are adjustable based on supply and demand. The savings program will only be available to U. Gemini rolled out its services in the U. The news signals a larger move into banking from Gemini and other crypto companies, which are looking to develop more ways to lure in the uninitiated. BlockFi, a crypto lender backed by tech billionaire Peter Thiel, offers rates of up to 8.

Programmable Money For The Internet

stablecoins apy

Eco is trying to be a nonbank with bank-like services — and crypto hidden away on the back end providing higher yields. Andy Bromberg is a crypto entrepreneur. His new venture, Eco, promises bank-like services, minus the bank. A startup is taking on traditional banking with a crypto-powered offering — but it's letting its customers still deal in dollars. Eco CEO Andy Bromberg says he's not running a neobank, which typically offers a different brand and interface over accounts that are actually housed in a chartered sponsor bank.

Port your existing applications from Ethereum to Reef chain without modifying your Solidity code. Reef chain is built with upgradability and long-term sustainable on-chain governance in mind.

The Winklevoss' bitcoin exchange is pushing into banking with a new savings product

Help us translate the latest version. Stablecoins are cryptocurrencies without the volatility. They share a lot of the same powers as ETH but their value is steady, more like a traditional currency. So you have access to stable money that you can use on Ethereum. How stablecoins get their stability. Stablecoins are global, and can be sent over the internet.

The liquidity protocol

On this page, you will be able to find and compare the best stablecoin savings accounts that are paying the highest annualized interest rates. We also recommend you read our stablecoin guide to familiarise yourself with the different types of stablecoins and how this landscape could potentially evolve. Disclaimer : All of the content written on CoinMarketExpert is unbiased and based on objective analysis. The information provided on this page should not be construed as an endorsement of cryptocurrency, a service provider or offering and should neither be considered a solicitation to buy or trade cryptocurrency. Cryptocurrencies carry substantial risk and are not suitable for everyone. No representation or warranty is given as to the accuracy or completeness of this information and consequently, any person acting on it does so entirely at their own risk. See further disclaimer at the bottom of the page.

Earn 10% APY on any new stablecoin balances until July Embedded video. Earn 10% APY in crypto! ⚡ · PM · Apr 23, ·Twitter.

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Olympus is building a community-owned decentralized financial infrastructure to bring more stability and transparency for the world. Learn about Olympus Pro, our Bonds-as-a-Service protocol. Swap any asset into staked variations of OHM with OlyZaps to reduce complexity that saves you time while making gas fees more transparent and efficient. Compounds yields automatically through a treasury backed currency with intrinsic value.

yAxis Project Announces MetaVault Incentives for Headline APY on USD Stablecoins

RELATED VIDEO: The Best Stablecoin Yield Farms! Earn 10%-35% APY with USDC, BUSD, USDT, \u0026 More!

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This article is part of Future of Money Week , a series exploring the varied and sometimes weird ways value will move in the future. OHM investors, in turn, would tell you that most of contemporary economic life — buttressed by state actor expenditures exceeding revenue and perpetual inflation — is also unsustainable to the point of fraudulence. Even a healthy skeptic has to give the OHMies credit for novelty. Money is simply a collectively shared delusion enabling economic exchange, the OHMies argue — so they went and invented a new kind of money. OlympusDAO has achieved that feat by borrowing engineering principles from hundreds of failed experiments before it. So they sit across from each other, the credulous and the incredulous, each smirking at the other and believing their opposite to be naive. If the sceptics are right, the only houses of cards that perpetuate into the foreseeable future will be state-sponsored.

The top stories and best shows in the blockchain world, delivered daily from the team at CoinDesk. Coming July 25! CoinDesk is thrilled to announce the launch of Late Confirmation, a daily podcast looking at the top stories in the blockchain world. Don't miss out.

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  1. Yorn

    remarkable, very amusing piece

  2. Fejind

    Yes, really. So happens. Let's discuss this question.

  3. Kagarn

    Nicely written, I liked it.

  4. Dugor

    At the root of the wrong information