Recommended Tool For Searching Best Stablecoin Yields?

With the steep drop in cryptocurrency markets it is understandable to be in stable coins. However yields on stable coins are not as inciting as other farms so it may take some effort to find decent yields. When I say decent at least close to 20% in APR. So how would we find some of these decent places to invest stable coins?

https://coindix.com/?sort=-apy&kind=stable

CoinDix

You can basically click on the link above to have taken the key piece of this post, but I will still like to go over why I think CoinDix is a great tool to search for stable coin yields.

On the homepage it lists top TVL pools to invest in. The leader of the pack is Anchor's UST with over $5 billion locked. It should be mention from list above it is clear the site is a list of multiple pools and not just for stable coins. Yet there is a tool to filter out stable coins only.

Beyond Anchor's UST there are not that many APY yields with massive TVL. For that alone it should not come to be a surprise that Anchor can have the potential to thrive in the future is further crypto dip as it stands out in earnings in stable coin.

If we filter out the top yields for stable coin Anchor's UST has fallen out of the top of the list.

List of Liquidity Pools Portals

There are a whole list of different pools the site will evaluate and compare to overall best options for people to invest in. A very good and easy to use platform to find best pools to farm without having to go through each and every protocol on your own.

One thing to note here is the platform only filters out pools. It does not see single staking or lending/borrowing or other forms of defi when it comes to earnings yields so take note there are other potential options to earn yields on but just not searched on CoinDix.

Conclusions

I use DefiLlama to guide me on the overall blockchains sentiments and and have CoinDix on the side to go deeper into specific pools that may or may not have boosted a certain blockchain from gaining popularity. This helps me focus on what is being bought and what could potentially be bought. For instance a new pool arrives and a lot of attention is on it. The chains' TVL will show on DefiLlama but the specific pool that may have lured in investors won't be easily found. That is where CoinDix comes in where I find the specific chain and go through top TVL pools to identify what has become popular.

A final note here is that I am not suggesting you do the same approach as I when it comes to finding yields but instead show you what I have learned and done through my time investing in Defi. I can honestly say farming in pools is only one option of earning while there are plenty of other methods within the Defi space that can do the same. In the end it is important to just find what you feel works for you and refine that approach as you progress in your experience in Defi.

None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!