Stablecoin BUSD Can Gain Up to 128.49% on Wault Finance: High-APY Staking Platforms

With the uncertainty of the market, investors are now looking for places to earn money to fight against inflation and protect themselves from the risk of losing money by holding speculative assets.

As more and more people discover staking, the BUSD stablecoin, in particular, has grown in popularity as it has the capacity to earn up to 128.49% APY.

An article by BSCDaily gave a list of both decentralized and centralized exchanges in which individuals can potentially earn a fixed amount per year by staking the stablecoin BUSD.

Although there was no information given regarding the authenticity and security of each platform, the APYs were given for both centralized and decentralized exchanges.

Here are the Centralized Exchanges for BUSD Staking

Binance Earn

• BUSD APY percentage: 4.15 percent to 120.06 percent

Binance Savings

• BUSD APY percentage: 10 percent

Dual Investment

• BUSD APY percentage: 4.78 percent to 128.49 percent

CoinLoan

• BUSD APY percentage: 12.30 percent

Youhodler

• BUSD APY percentage: 10 percent

Blockfi

• BUSD APY percentage: 8.60 percent

Celcius

• BUSD APY percentage: 7.10 percent

Crypto.com

• BUSD APY percentage: up to 8 percent

Here are the Decentralized Exchanges for BUSD Staking:

Pancake Swap

• BUSD APY percentage: 18.30 percent

Nerve Finance

• BUSD APY percentage: 6.49 percent

BakerySwap

• BUSD APY percentage: 12.18 percent

Rabbit.Finance

• BUSD APY percentage: 6.88 percent

AutoFarm

• BUSD APY percentage: 5.02 percent

Alpaca Finance

• BUSD APY percentage: 6.99 percent

dForce

• BUSD APY percentage: 5.39 percent

Dfi.money (YFII)

• BUSD APY percentage: 7.05 percent

Belt

• BUSD APY percentage:2.03 percent

Beefy Finance

• BUSD APY percentage: 11.56 percent

Pancake Bunny

• BUSD APY percentage: 4.95 percent

Wault Finance

• BUSD APY percentage: 41.94 percent

MDEX

• BUSD APY percentage: 11.37 percent

Cream.finance

• BUSD APY percentage: 4.11 percent

Yearn.finance

• BUSD APY percentage: 1.12 percent

Venus

• BUSD APY percentage: 2.21 percent

AAVE

• BUSD APY percentage: 3.29 percent

Read Also: DApp Venus Protocol Hit $1.25 Billion in Transaction Volume Over the Last 7 Days

The Risks of Crypto Staking and Farming

Before investing in either centralized or decentralized exchanges to earn a fixed APY on BUSD, it is important to understand that these are not 100% risk free. Unlike banks, different protocols apply to them should the product run out of business.

Since banks are legally binded to return the investors' money back, by law, they will do so. When it comes to decentralization, however, different laws apply when it comes to staking and farming.

Also, it is important to understand that farming cryptocurrency is also risky and one way hodlers can lose money through this is by something called impermanent loss. Impermanent loss basically applies to liquidity providers which earn less than they would have should they just decide to hold the asset as explained by Binance Academy.

Related Article: NASDAQ Says Crypto Market Will Crash, Provides Tips to 'Prepare': Recommends ETH and BTC

This article is owned by Tech Times

Written by Urian B.