Some benefits of having stable coins in SmartBCH
20-05-2022
All about benefit's of stablecoin from SmartBCH after seeing the worst stablecoin like UST in history let's have a brighter side of it
Not going to talk about USDT like stablecoin but will only highlight advantage or benefit's we can have from stablecoin in SmartBCH only
Ever since bull run is gone and bear's are strong people's are pretty scared from investing into anything at the moment but people's are taking full advantage from stablecoin these day's when people's are thinking there's no way to make profit
But there is way more safer way to have more benefit's
Type's of stablecoin in SmartBCH
there is currently few stablecoin in SmartBCH and all of them are beneficial in different way's
Currently in SmartBCH these are few stablecoin
FlexUSD
sBUSD
LawUSD
All of these 3 are top leading stablecoin in the side chain
FlexUSD is obviously on top position and strongest stablecoin.
Leave it coz we're here to talk about benefit's not about strong or weak but as far i know all of them are safe.
Benefit's of FlexUSD stablecoin
FlexUSD is like bone of SmartBCH, bsc have BUSD and SmartBCH have FlexUSD which is coinFlex exchange stablecoin
And having FlexUSD provides many benefit's to holder
First benefit is it's stablecoin and will stay at $1 won't go down or make your investment dust like UST.
Now this Apr and comparison say's it all and currently FlexUSD have best Apr.
Pay's interest every 8 hour's
Actually i don't like interest or avoid everything which have relation with it but FlexUSD is only stablecoin which pay's it's Holders every 8 hour's on chain no matter if FlexUSD being farmed or staying in wallet it will receive FlexUSD as interest according to Apy.
Biggest farm on SmartBCH Dex
FlexUSD literally have farm on every single dex exist on SmartBCH. There's currently more than 8 dex on chain and each have biggest farm
And I'll only highlight FlexUSD biggest farm on biggest dex of SmartBCH which is obviously mistswap.
Every month new allocation of farms take place FlexUSD always get big farm. Mist one remains on top and flexUSD-BCH pair on second.
Though also stablecoin pair farms exist on mistswap and on other Dex as well.
Benefits of sBUSD stablecoin
From sBUSD mean smart BUSD but have nothing to do with binance or CZ, kain is behind this stablecoin and till now it's doing good
It's a stablecoin and benefit is arbitrage opportunity which make's this stablecoin my favorite in this bear market
Making profit from stablecoin without any loss
Market is scary but I'm making risk free investment even in this hard time it's only possible and an arbitrage opportunity
Can be found once in a time luckily and sbusd is always available on discount and many peoples are making easy profit.
Well expecting huge return isn't possible but it help's me to grow stablecoin in my portfolio
I'm also doing this every time i found sbusd near to $0.9-0.95 range i just buy with FlexUSD and sell back when it reaches $1
Though from above screenshot I've made like $5 without doing anything or taking any stress.
Bridge and stable farms
Other benefit is bridge which is being developed or already deployed on test net
This is a interface of bridge and we will be able to swap sBUSD into BUSD from metamask to binance easily fast hand.
So it will be easy to move and bring funds in or out through this bridge.
sbusd also have farms on stablecoin and allocation is always good enough so Apr are also petty good
And it have two farms currently and also available on other dex.
BlockNG stablecoin lawUSD
The biggest and strongest project of SmartBCH BlockNG also have it's own stablecoin for ecosystem
It also have same benefit like farms and arbitrage
Also i heard lawUSD will be more likely algorithmic stablecoin I'm not sure so correct me if I'm wrong
Though cross chain bridge and back with USDT more likely is possible to happen very soon in future.
fin.
Only point was stablecoin in SmartBCH are good opportunity while whole market is quite at the moment
It's too rare to see arbitrage opportunity but whenever it comes never miss it and only reason i started stacking stablecoin more and my opportunity is totally different and unique to increase the stack
So if you're curious than let me know if i should make a separate topic on it i believe everyone will like my technique
Most of time i buy dip of BCH and than BCH never come back to that price and this is how i waste stablecoin but now I'm patiently working on to make a better stablecoin portfolio till end of 2023.
For now these all stablecoin are perfect and blessing to SmartBCH.
FlexUSD have been one of my faves ever since.. :)