How to Farm Stablecoins
cryptonat.substack.com
Saved by Alex Wittenberg
How to Farm Stablecoins
Decentralized stablecoins aim to solve this trust issue. They are created via an over-collateralization method, operate fully on decentralized ledgers, and are governed by decentralized autonomous organizations. Anyone can publicly audit their reserves.
Sze Jin Teh • How to DeFi: Beginner
Crypto is designed to break down barriers, allowing the best money to rise to the top. We see this behavior in stablecoins, where >99% of stablecoins are US dollars. There isn’t a whole lot of organic demand for fiat currency #109. Many people are artificially restricted from holding dollars offchain, which is a major reason for the success ... See more
Jon Charbonneau • L1 & L2 Token Value Capture - DBA
Here are some of the risks that DeFi users face: Technical Risks - where smart contracts could be hacked or bugs could be exploited Liquidity Risks - where lending protocols (e.g., Compound) could run out of liquidity Admin Key Risks - where the master private key for the protocol could be compromised
Sze Jin Teh • How to DeFi: Beginner
Most protocols will allocate a decent chunk of their token emissions to lp rewards. If you provide liquidity for the protocol, you can stake that liquidity to earn a steady stream of tokens.