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Best Interest Rate for Staking USDC on PolyCUB (37%) with no minimum Deposit

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Staking Stablecoins in DeFi is Golden

Stablecoins were created to cushion the effect of crypto's volatility by providing some level of the stability that is lacking in most cryptocurrencies. This stability with stablecoins now qualifies it to be used as collaterals and assets for lending which parallels it to be as functional as actual currency (fiat).

In a bearish season like we are presently going through, there is less desperation and FUD when it comes to investing in a stablecoin with true decentralization and track record of health and stability. The US Dollar Coin (USDC) is one of those stablecoins that has gained strong traction within the DeFi ecosystem.

USDC, often referred to as Coinbase’s stablecoin was created by a consortium known as CENTRE, founded by Coinbase and Circle. CENTRE oversees the issuance, governance, and administrative tasks surrounding USDC. USDC is supported by many of the top DeFi protocols, and this continues to add to its stability as well as wide and deep liquidity across DEXes.

PolyCUB DeFi is one of such crypto lending platforms that have listed USDC in two of its vaults- POLYCUB-USDC and USDC-PHIVE vaults and both sitting of close to $500k. It is rather sad that of the lending platforms that support USDC, Defirate missed [PolyCUB whish is inarguably one of the best DeFi platforms in 2022) with a track record of health and security in a bearish season coupled with several news of failing DeFi projects.

PolyCUB offers the Best interest Rate (37%) for staking USDC

The very beautiful thing about USDC listed on PolyCUB is that it doesn't just hold deep liquidity for USDC, PolyCUB presently pays pout the highest range of interest for staking USDC. From 21.3% in the USDC-PHBD pool to 37% in the POLYCUB-USDC pool.

In a recent tweet, @LeoFinance has called on DeFi investors not to miss out of PolyCUB's high APY of 37% for USDC staking against $POLYCUB, an evolving, ever growing and high-utility DeFi asset.

One of the unique strengths of USDC stake in the PolyCUB DeFi is the pair with pHBD, a wrapped version of HBD which is the best and longest algo stablecoin in the crypto history. Saving HBD on its native blockchain- Hive, pays %20% APY with 3 days unstaking cool down.

Stablecoins (USDC-PHBD) pair is also prying a High 21.3% APY

pairing two strong stablecoins with high utility on PolyCUB is one investment option any DeFi investor with long term view should not miss as it pays out 21.3% APY with a growing DeFi asset like $POLYCUB which is heading towards making a 200% price run in the next 30 days or so.

Is there any Risk Staking USDC on PolyCUB?

Everything about investment is a risk. When it comes to cryptocurrency, this risk is also very glaring, much more available in a DeFi project. As with other DeFi projects, USDC staking on PolyCUB comes with a related risk which is an Impermanent Loss arising from receiving $POLYCUB as the LP token. This means that the 37% staking returns for USDC is paid in POLYCUB.

However, PolyCUB stands out so unique in the DeFI hall of fame as a self-sustaining DeFi with a scarcity model that would continue to shoot $POLYCUB to the highs coupled with the huge utility attached to the asset. Do an extensive read about PolyCUB here.

Final Thoughts

With USDC's stability (pegged to $1), deep liquidity, accessibility (as simple as one click on Coinbase to swap USD to USDC) and composability (adopted by many DeFi protocols), it is a trustable crypto asset. Staking it in novel DeFi platform with innovating and deep utility coupled with high interest rate as much as 37% is never a thing to miss. All of this happen at PolyCUB DEFi.

Posted Using LeoFinance Beta