The Home for Stablecoin Passive Income — Stables

Stablecoin farming is still the “lowest-risk-high-reward” DeFi Passive Income that TradFi can’t compete with.

What’s been missing is an EASY way to

• Find unbiased rating, reviews, comparisons
• Know how they work
• Stay tuned

Introduce Stables

Content from the thread by Melbourne DAO.

The Problem with stablecoin farming

99% of people got PTSD from $UST and Anchor.

Among the list of things that caused this disaster, the most important one is that the retail investors do not have an EASY way to access info on:

• Early warnings
• Unbiased reviews
• How do they sustain/peg
• Compare

Stables tracks the most popular stablecoin passive income options, with simple explanations, unbiased reviews, and ratings.

e.g.

• Collateralized algostables: $USN $USDD $FRAX
• CEFI: @FreewayFi @yieldnodes
• Innovative options: $TOR $HORDE

and many more

Stablecoin review

Here are some popular stablecoin protocols, and what info you can find in Stables:

$USDD on $TRX

• Launch: May ‘22
• APY: 11% — 30%
• Algostable + Fully Collateralized
• Backing: $TRX treasury + @justinsuntron
• How it works: Same as $UST
• Risk: Death spiral
• Rating: 3/5

$USN on $NEAR

• Launch: Apr ‘22
• APY: 10% — 20%
• Algostable + Fully Collateralized
• Backing: A reserve of $NEAR + $USDT
• How it works: $NEAR <> $USN + a big reserve
• Risk: May be partially collateralized in the future.
• Rating: 3/5

$TOR on $HEC

• Launch: Feb ‘22
• APY: 16%
• Algostable + Fully Collateralized by stablecoins
• Backing: A treasury with ~40M $DAI + $USDC
• How it works: $TOR <> $HEC + protection mechanisms tied to Curve Pool + treasury
• Risk: If mcap of $TOR is > treasury
• Rating: 4/5

YieldNodes @yieldnodes

• Launch: Sept’19
• APY: 120% — 213%
• CEFI
• How it works: Fund & Investment Management + Masternodes
• Pros: Have sustained for a while
• Risk: 6-month lockup, fluctuations of yields, transparency
• Rating: 3/5

Stay tuned

We maintain & update Stables on a regular basis.

Feel free to comment below which stablecoin yield protocols you would like to include, we will do unbiased research and review.

• Link: https://airtable.com/shrbTOZQlZP9rDNqW
• Passive Income Portal: https://xn--tr8hpjsac.y.at

Acknowledgement

Content from the thread by Melbourne DAO. Follow him for more quality content, including alpha, research and trend.