Kava has some of the highest APYs around for stablecoins during this bear market!
Kava Stablecoin Earn
Finding high-yield returns on stablecoins has been difficult throughout the bear market, but the lesser-known Kava Earn platform delivers just that – up to 15% Annual Percentage Yield (APY) on stablecoins.
Right now, Kava supports USDT, BUSD, DAI, and USDC stablecoins. Kava also supports BNB and its native token, KAVA.
You can supply stablecoins by first bridging to Kava via Binance Chain (not to be confused with BNB Chain) by following the detailed guide here.
After bridging assets, you can simply go to app.kava.io/earn and choose the corresponding earning strategy for your stablecoin.
While there, feel free to look around at the various yield farming and lending options that offer competitive yields at a time where higheer APYs are hard to find.
What is Kava:
The Kava Network is a fast and secure Layer-1 blockchain featuring a unique co-chain architecture that combines the speed and interoperability of the Cosmos SDK with the flexibility and developer support of the Ethereum Virtual Machine (EVM). The Kava Network powers a suite of native DeFi products, including decentralized swap pools and collateralized lending and borrowing, with a full ecosystem of 3rd party EVM and Cosmos SDK-based protocols under development. The Kava Network will empower developers to build for next-gen blockchain technologies through its unique co-chain architecture.
Where to find Kava:
Source : bsc.news
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