If by some stretch, you have a couple of stablecoins lying around, then I have some advice for you! Firstly, I have to ask what it is you're actually doing, since coins like DAI, USDT, USDC and PAX are hot topics for DeFi liquidity - place stablecoins in, get governance tokens out! It really is that simple. But if you're a more risk-aware investor (like myself), then it may be worth your while to look into BlockFi.
What is BlockFi?
Very simply, BlockFi is a lending platform that offers crypto-interest accounts with various coins. At this current moment, their selection of coins is relatively small (see below), but it's what you can do with those investments that matters. As you see, their rates vary from around 4% for cryptos to 8% with stablecoins. This is the easiest way to ensure your crypto is never sleeping. Deposit and forget it! The absolute best feature about BlockFi, and it is what has personally got me very excited to keep growing my interest account, is the fact that you can decide what crypto to be paid out in interest!
If you'd like each account to gain, then you can select the option to receive interest in the various forms. But if, like me, you're in need of a certain crypto and would like to build a small bag of it, you can choose what to receive in interest from all accounts! This means your BTC and USDT can build interest, that is then paid to you in ETH! What an easy way to grow your portfolio - all from the safety of an insured provider. You can even take out loans that are backed by your crypto investments!
If you'd like to receive $10 USD in bitcoin, sign up today! Putthose spare stablecoins to work!
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Some of my other articles: Beware new crypto malware, DeFi Fomo, Passive Crypto Income, Crypto Debit Cards
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BTC Donations are not required, but always welcome: 3GKBrNq4QotoC2qT2xUZ4bwD2LGBk7atMM
Please note, the signup bonus is only after a deposit of $100 USD or more - so 10% free when you deposit!
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