1. What is USDC on Hedera?
+ USDC on Hedera is a USD-backed stablecoin issued by Circle directly on the Hedera network. It is one of the most popular stablecoins in the cryptocurrency ecosystem, widely used in transactions and decentralized finance (DeFi) activities.
2. Why should you use USDC on Hedera?
+ Sending USDC on Hedera is currently the most cost-effective way to send stablecoin USDC. The fees for sending USDC on Hedera are extremely low, much cheaper than sending on other blockchains such as Ethereum, Solana, SUI, Cronos, Arbitrum, Avalanche, XLM, Optimism, Polygon, Base, ZkSync, or NEAR.
+ Additionally, through Hedera's DeFi ecosystem, users can optimize returns with yields of up to 20% APR on USDC Hedera.
3. What is Hedera?
+ Hedera is an open-source enterprise-grade blockchain platform that uses a unique hashgraph consensus algorithm. This algorithm achieves processing speeds of over 10,000 transactions per second (TPS) with an average fixed cost of just $0.0001.
+ Hedera is governed by some of the largest corporations in the world, including Google, IBM, Dell, Chainlink, BitGo, Mondelez, Worldpay, and many others. These organizations not only operate nodes but also participate in the governance and development of applications on the Hedera network.
4. Why should you use DeFi on Hedera?
+ Hedera stands out with its protection against Miner Extractable Value (MEV) due to a fair transaction ordering mechanism, which helps mitigate risks from MEV attacks such as "front-running" or market manipulation. This ensures a safe and transparent DeFi experience for all users.
+ The largest decentralized exchange (DEX) on Hedera is SaucerSwap, where users can engage in trading, providing liquidity, and yield farming with digital asset pairs and stablecoins like USDC. On SaucerSwap, users can currently earn yields of up to 20% APR on USDC Hedera.
+ Additionally, the largest lending platform on Hedera is Bonzo Finance, based on the proven open-source protocol AAVE. At Bonzo, users can earn yields of up to 17% APR when lending or providing liquidity with USDC.
5. Which wallet should be used?
+ HashPack wallet is the top choice on Hedera for interacting with DeFi applications. With a user-friendly interface and high-security features, HashPack enables users to easily manage assets and participate in DeFi protocols effectively.
6. How to participate.
+ Buy hUSDC on Binance.
+ Deposit into the HashPack wallet.
+ Connect your wallet to Bonzo Finance or SaucerSwap, deposit hUSDC to earn yields from 17-20% APR.
