The DappRadar DeFi widget makes stablecoin investment quick and easy
Users may have already noticed the addition of a stablecoin investment DeFi widget across the website and contained within the body of some blog content.
The DappRadar DeFi widget provides users with instant access and annual percentage yield (APY) information through Curve.fi in a simple manner and without the need to open and interact with the protocol.
The widget allows users to start earning a passive income utilizing already held stablecoins by connecting a wallet and contributing to liquidity pools. Annual percentage yield can vary and can be seen to the top left of the widget. The pool currently supports DAI, USDT, USDC, and sUSD.
One of the best features is that at any time you can withdraw the total deposited amount and any earned interest.
Perhaps, 5/7% doesn’t look all that enticing to a “get in low, get out high” crypto investor but for those with a more cultured investment strategy. When compared to the 10 highest average savings interest rates worldwide in traditional finance. Anything between 5% and 7% starts to look very promising.
The hottest topic of 2020
Decentralized finance or DeFi as it has become known has been a hot topic in 2020. The protocols within this category contain many components that can be confusing for people new to the sector.
Furthermore, at this stage in its early history, there is also some debate over what categories specific dapps should sit within i.e Decentralized Finance (DeFi) or Exchanges (DEX). Both categories are crucial to the overall decentralized finance ecosystem and here we have explained both to learn more before utilizing the DeFi widget.
Learn more about DeFi:
- Decentralized finance explained
- The DeFi Ecosystem: Products and services
- Yield farming: Beginners guide