Some benefits of having stable coins in SmartBCH

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Avatar for Idksamad7869
2 years ago

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.

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2 years ago

Comments

FlexUSD have been one of my faves ever since.. :)

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2 years ago

Buy BCH when it's dip from stable coin and move back again to BCH when it pumps. Haha.

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2 years ago

I do buy but it never pumps again haha so stopped buying until it reaches bottom

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2 years ago

SmartBCH isn't for noobs like me, I guess. Hmmm. Maybe a little research and reading of articles from other users here would do.

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2 years ago

Ask mj aunt for help she's pro in SmartBCH

And yea read cash is full of info to do research on SmartBCH would definitely help you.

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2 years ago

I'd like to know how you are doing it, maybe it'll likely also work for me

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2 years ago

Let me know if it works

For me it's working fine till now.

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2 years ago

Great article and well explained the benefits of having stablecoins. It is a good thing and recommended to have stablecoins in your portfolio.

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2 years ago

Thank you mate, indeed I'm hustling more for stablecoin now.

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2 years ago

Yes, the main prominent thing which stable coin posses is that they remain on $1 and your investment do not go in vain

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2 years ago

Yea everyone knows it's a common thing

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2 years ago