what’s the best way to stake avax with usdt? As safe as possible
what’s the best way to stake avax with usdt? As safe as possible
Should I use trader joe? How can I stake avax (8% is too low for Core delegating, i need something with usdt/usdc)?
I want to earn as much as possible since I have AVAX and USDT in my wallet which I’m not touching
I’d suggest getting a core wallet; on boarding AVAX from Robinhood to your core wallet; then staking on the core wallet.
Potentially cheaper if you already have funds in crypto or AVAX and just procuring AVAX through DeFi; Trader Joe or equivalent.
In answer to your specific question: Core Wallet (it’s in the App Store)
You can loan it out for someone else to trade with via aave, benqi or banker Joe. Check the interest rates on all three pick whatever has the highest rate and you think is most trustworthy. Remember there’s no such thing as risk free yield.
Benqi has simply staking options, the token must be on C chain.
Trader Joe has liquidity pairs.
You will lose compared to simply staking AVAX natively on core, especially during the bullrun. If you provide liquidity using AVAX / USDT pair, even if you get 100% APR, you will experience IL and during some large AVAX price pumps your position will become one-sided with usdt only.