Getting nice APR and potential airdrops
I always try to keep an open mind towards what is happening on other blockchain. Even though Hive is the backbone of my crypto operations, I like to see what happens in other places as well.
One of the things that I like about hive is the 15% APR on HBD savings. It's a great income source but since I understand how hive works, I have to admit that this APR is paid by inflating the tokens in circulation. In my opinion there can come a time when this APR has to go down if the price of hive depreciates too much or when we reach the haircut level at which we could see HBD depeg from USD. Since, I'm quite heavily invested in HBD, I'd like to have other options to get a return on a stable coin. That was the reason that pushed me to explore in this direction.
I would like to present three platforms that I have found where it's possible to get similar returns for stable coins. These platforms are not without risks and I would suggest that you do your due research before investing anything into them.
Potential airdrops
What these platforms all have in common is that in addition to get a return on stable coins, you can actually collect points for future airdrops. The more money you invest and the more active you are, the more airdrop points you will be able to collect. However, in all honesty, I have no idea how much it will be possible to earn from these airdrops. I consider them as a nice little additional incentive.
Kamino lending
Among many other things Kamino is a platform on Solana that allows you to lend your coins and to get a return on it. The returns that you get are dynamic and might change daily or hourly. At the moment of taking the screenshot, you can get up to 13.65% on some stable coins.
Nx Finance
This is a much smaller platform on Solana that allows you to lend tokens and get a dynamic return. The platform has some multiplier projects where the collecting lending fees that they pay to the people lending their tokens. At the moment of taking this screenshot, APR on USDC was at 15.98%. The returns are quite volatile and change frequently according to how much money is required by the multiplier products.
There is a referral system for the coming airdrop. The interesting part is that the referrals team up and their collective investment can increase the team points for the airdrop. If you want to join us, you can use this link.
Suilend
This platform is on SUI and is similar to Kamino. Suilend offers many different products. You can lend and borrow tokens and get a return. When I took this screenshot, you could get up to 17.88% on a stable coin.
What differentiates these platforms from the the savings account of HBD, is that the return on the tokens comes from a defi business model. People can leverage their positions by borrowing tokens and for that they pay a fee that then goes to the people providing the tokens. In my opinion it can be a sustainable solution for a nice return.
Please keep in mind that I share here my own findings and that what I say in no way financial advice.
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I think those are some decent APR, but I am not sure how much I trust those tokens. I feel like it could be similar to the Defi craze where people chased after all the APR but the token prices dropped afterwards.
The whole defi sector has evolved lately with products that are more similar than what you can find in the traditional financial sector. Concepts like we had in the past with such tokens are not really the fashion anymore :-)
I find my favorite opportunities are on the HIVE blockchain, some do better than 15% some less. But I always know what to expect and have a game-plan on how to re-invest the income to compound the interest. !BBH
Hive is a great place to do all your actions. I like to see what is going on, in other places just to know what options exist :-)
Alway good to keep options open. !BBH
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I'll have to check out some of those. Regrettably, I have not really explored much of the other chains.
We are so well on hive that we actually don't need to get out of it lol
I saw a video recently saying that about 1 in 10 user transactions are approved on Solana, the others are rejected (while paying the transaction fee). The majority of the approved transactions on Solana are governance (voting) transactions, which have priority, the guy said in the video. He showed charts and didn't look good.
He also said that he had some funds on Solana which he tried to move for a few weeks, a couple of times a day, and his transactions have always been rejected, until he finally made it.
How do you see this, as someone who uses Solana certainly more than I do? I usually check my Solana wallet once a month at the beginning of the month when I check all my holdings, no matter how small they are. 😀
I would say that there are some transactions that don't pass but I think the ratio that you mention here is not really accurate. In my experience about 1 out of 3 transactions don't pass and it depends much on the saturation of the network. If they bring out trump tokens, it tends to congest everything lol
Maybe his charts were from around this period with trump and melania token launches and whatever else makes people want to congest their network further than usually.
Is it possible maybe he tried to pass transactions with a minimum/lower fee or something like that, instead of a regular fee? I don't remember if Solana has adjustable fee levels or it's one fee.
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Kamino is a good choice. I use the USDT-USDC pair, which has a similar risk and is currently yielding 66.31%.
I didn't know about Nx Finance, I'll investigate it and if I invest I'll use your link.
Sui is a chain that I don't know yet but that I have in my pending things folder.
The important thing is to diversify a little because we must never forget that the crypto market is a high-risk investment.
I also opened a position in this liquidity pool. It's great that kamino does all the stuff like rebalancing and setting new limits for you :-)
The APR of HBD savings is for year, right?
It's expressed per year but the APR could change at any moment if the witnesses decide it.
Mmm that's mean that we can't vote in the Blockchain issues?
You can actually vote for the witnesses with your hive stake.
Witnesses are like congressman? We vote they, and they vote whatever they want?
Haha, almost. You can actually vote the witnesses according to which APR for HBD they show. https://peakd.com/me/witnesses
Oki Doki, thanks a lot! Great articles for understanding better HIVE!
!PIZZA
Interesting find, will have a look. Thanks
!PIZZA
!ALIVE
!BBH
Thanks for stopping by!
Airdrops that are mandatory are beneficial for all of us as they give us free money to fulfill our needs.
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