I have 1000 USD that I want to keep in stablecoins. But still I want the money work for me. So far I have choosen Celsius and get about 10% APR. But with farming at DEX there is obvioulsy a better way. Can I get 60 % APR....
AAVE - Lending platform
If you use Aave lending platform and go for Polygon network you get Matic as a bonus.
So...
Put 1000 USD in DAI as collateral - then borrow 700 USD in USD-C and put in the platform as collateral. You need to pay about 1 % for that - The difference between borrow and lending.
But you get 8,31 % matic for the first collateral (1000 USD)
and 7,88 % for the lending amount (700 USD)
and then 6,49 % for the last collateral. (700 USD)
Pretty good.
Farming at quickswap
Put 1000 USD in the pool DAI/USD-C
You get tradingfee reward. That is today 15 %
You will also get quick as a LP-reward.
The reward is 10 Quick/day = about 1250 USD.
In 365 days it is 456 250 USD.
In the pool it is 1300 000 USD.
So the reward is 35 %.
In this way I get almost 50 % APR (I dont incluce compound)
Or a mix...
Put 1000 USD as collateral at Aaave (get matic rewards) and make a loan in 700 DAI (get matic reward). PUt that 700 in the quickpool DAI/USD and get fees and farming quick.
(@Hodlcommunity will get 15 % of this post payout)