I conducted a study and found that not only the blockchain gaming track is competitive, but also the public chain track and DeFi track are quite competitive as well.
I looked at the task promotion rewards at Binance Square for @BounceBit , and currently only 7 mainstream cryptocurrencies can be staked. The highest return rate for a 30-day stake is the staking USDT plan provided by Higgs Capital in the first image, which has an APY of 13.34%. The staking rewards for #bouncebit are paid using their own token $BB .
The Trump family WLFI just invested 10 million USDT in #Falcon Finance this week, which is currently promoting tasks and rewards at #KAITO . By staking USDf, a comprehensive USD stablecoin, on the Falcon official website, the APY for the plan without lock-up that can be canceled at any time is 11.55%. For a 3-month lock-up staking plan, the APY can reach 12.13%, and for a 12-month lock-up plan, the APY is 17.33%.
Falcon Finance's feature is that it allows you to swap mainstream cryptocurrencies and hundreds of altcoins into the comprehensive USD $USDf on its official website; staking can only be done with $USDf. After unlocking the stake, USDf can be swapped back into hundreds of altcoins, with the swap exchange rate reflecting the market price of mainstream and altcoins: the current exchange rate for swapping USDT to comprehensive USD $USDf is 1:1; the exchange rate for ETH to comprehensive USD $USDf is based on the current market price of ETH.
Falcon's staking rewards are paid in $sUSDf, and currently, 1 $USDf = 0.946248 $sUSDf.
If users want to stake their USDT and only consider the APY yield, for stakes under 30 days, they should go to Bouncebit, while for stakes exceeding 30 days, it seems they should go to Falcon.
If users want to stake other altcoins they hold, it seems they also need to go to Falcon, as Bouncebit only supports 7 mainstream cryptocurrencies: BTC/ETH/USDT/USDC/USD1/BNB/SOL.
How can Bouncebit survive?
Of course, when users stake their own tokens, they also need to consider safety, as well as the price fluctuations of the two tokens that pay the staking rewards, $BB and $sUSD.
No matter what, it’s still quite competitive.
#DEFİ
#staking