So, i was testing different ways to get my Binance USD to work, and increase my portfolio. In case you need any introduction to it, BUSD is a stablecoin pegged to dollar, and can be used on Binance chain. The easiest option is Flexible Staking for 1.71% per year. But you can do better than that. Locked savings will pay 5.31% for 7 days, 5.48% for 14 days, 5.66% for 30 days and 6% for 3 months.
How did i do it? Lately Binance has working hard on their token launch platform for transformative projects, called Launchpad. They got different pools where you can use some native tokens, BNB and BUSD. Their latest third projects were Certik (CTK), Hard Protocol HARD) and Unifi Protocol DAO (UNFI).
What was the annualized yield on each?
Certik (CTK) - 7.92% closed now. CertiK's Decentralized Security Oracle claims to audit, guard on-chain transactions and prevent malicious actors to hack a project using real-time security checks. Certik was one of the three enterprises who did an audit on Harvest finance, but if i am correct, they did not finished the audit at the time of FARM hack.
Hard Protocol (HARD) - 4.87% as per 20.11.2020. Kava project was testing a new approach, with the introduction of the HARD Protocol, the world’s first cross-chain money market. What that means? Just a fancy word for another DEFI project, where you can lend, borrow and be rewarded with the governance token of the application, HARD. the initial assets used by the HARD protocol are BTC, BNB, BUSD, USDX, XRP, and HARD. It is mainly supported by KAVA and Binance.
Unifi Protocol DAO (UNFI) - 5.52% as per 20.11.2020. This token is available across multiple blockchains, and is a solution for DEFI market, using smart-contract . Unifi Protocol DAO is a group of non-custodial, interoperable, decentralized, and multi-chain smart contracts hoping to create the premises for the next layer of decentralized finance. UNFI token holders will earn Staking Rewards for staking their UNFI tokens, with the possibility to get even more rewards from their chosen community rewards after you delegate your staked UNFI. The supply is quite small, only 10 millions. They aim to be present on the following blockchains: Binance, Polkadot, EOS, Algorand, OmiseGo, ælf, Kyber, Wax, Zilliqa and Tomochain.
Which is not bad overall, given that the tokens from the Launchpad tends to increase in value over time. A good strategy will be to collect them and sell them right before the mainnet launch, when usually they are all time high (most of the cases, but not all of them). Or you can just HODL.
Another alternative is to move your BUSD on Celsius.network app, for 10.51% annualized yield (or 13.86 % maximum yield if you have more than 20% of your portfolio in CEL token and choose to be rewarded in CEL).
So, the winner is Celsius app, having the maximum yield with a set and forget strategy, you deposit your BUSD there and after that you just wait for rewards every Monday.
Fun fact: Today you need 86.500 BUSD to get paid 1000 dollars per month in rewards.
What are your other options?
Yours truly,
George
P.S. If you are Romanian, you can also publish your post in the Publish0x Romanian Community group for others to read it.
Why not...
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The most lucrative faucets that I use: ZEN, ZEC, PIVX, LTC and few others.
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Disclaimer: This text also can be re-published on my personal blogs, such as this one.