There is a $AMPL-$BUSD Farm on pancakeswap.
It has been in existence for 8 days. $AMPL is a popular rebasing token. Users of Publish0x would be familiar with it.
The historical price average of $AMPL has been around $1, it is almost like a stablecoin. I bought some at
$0.82. $BUSD is the stablecoin of Binance. I had some $BUSD left, so I bundled it together with $AMPL in the LP and set it to farm.
The APY is pretty tasty at 150%. This could well go down as more funds are added to the farm, but if the rate of payout is maintained at 100%, $1000 in the farm can yield close to $80 in $CAKE per month. The market is in a sideways trend right now. We could stay below $40K BTC for a while.
I'm holding some $BTC, $ETH, $BNB, $EGLD and $ORN and partly in stablecoins. The yields from stablecoin can be used to average the Bluechip coins
or for farming $CAKE in the AutoCAKE Pool in Pancakeswap, which has a excellent 100% APY at the moment.
The risk of course is something crazy bad happening with $AMPL or $BUSD or Pancakeswap.
DYOR and take a look at it.
NB: The above is not financial advice. Only shared for your information.
