Monday, April 15, 2024

Earn 8.86% APY on Your USDC | CoinStats Weblog

We’re thrilled to introduce CoinStats’ new integration and partnership with Affine — the world’s first cross-chain funding and financial savings app. 

CoinStats’ Affine integration lets you put your idle crypto property to work instantly on CoinStats and earn as much as 8.86% APY — all whereas robotically defending towards impermanent loss. 

Earn Actual Yield
8.86% APY in your USDC 

This brand-new Affine integration will deliver you a handy solution to put money into a number of property, earn a considerable actual APY, and reduce your threat.

Affine is a DeFi protocol primarily based on Ethereum and Polygon networks that gives customers entry to diversified yields throughout varied DeFi protocols.

Affine’s USDC Earn is just like a financial savings account. You retain your funds in USDC and lend it out to a basket of lending protocols to earn yield.

Affine’s baskets allow customers to earn excessive actual yields and reduce their threat by having their investments unfold out throughout totally different platforms. Using pre-constructed baskets removes the effort of manually managing positions on every particular person platform. 

Affine has raised a seed spherical from main crypto buyers similar to Coinbase Ventures,  Circle Ventures, founders of Dragonfly Capital and Polygon Networks, and extra. The protocol is absolutely audited by Halborn, one of many trade’s prime sensible contract auditor firms. 

What Does This Imply for You?

CoinStats’ Affine integration permits our customers to take a position utilizing Affine’s USD Earn basket instantly on CoinStats. 

Not solely do these baskets provide stable actual yields of as much as 8.86% — in addition they include a number of property that robotically rebalance. Which means investing in USD Earn gives you with the advantages of a diversified portfolio whereas holding a single asset. 

Furthermore, all the hampers include no lockup intervals, which means you’ll be able to withdraw your funds everytime you need! 

This integration will deliver CoinStats and Affine (in addition to our consumer bases) nearer, permitting Affine customers to simply monitor their investments, and granting CoinStats customers entry to extra (and higher!) funding autos instantly on the platform.

This partnership brings CoinStats one step nearer to attaining its objective of being probably the most in depth one-stop hub for all crypto buyers. 

Closing Phrase

As soon as once more, we need to specific our pleasure for partnering up with a protocol that may deliver extra advantages to CoinStats customers. Be at liberty to move over to the CoinStats Earn web page and take a look at Affine’s USD Earn basket investments, and tell us your ideas! 

Final however not least, thanks on your time and steady help — we’re trying ahead to evolving and attaining nice issues collectively! 

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