Top 5 Stable APY Pools in 2022

Staking cryptocurrency allows us to earn interest by depositing our coins into an exchange or protocol and storing them for a specific length of time.

We can stake stablecoins to eliminate the volatility risk on market prices. Stablecoins are coins whose value is fixed to a fiat currency. As a result, staking a stablecoin like USDC should eliminate any volatility risk while still collecting interest. As a result, below are the top 5 stable APY pools in 2022:

1. Curve (sUSD)

The sUSD stablecoin offers a sweet 7.36% APY and the Total Value Locked (TVL) is around 85$ million.

2. Beefy Finance (BUSD)

The BUSD stablecoins on Beefy Finance is currently offering little less staking APY than sUSD, with a current APY of 5.46% and total value locked of 1.68$ million.

3. Convex Finance (FRAX-DAI-USDC-USDT)

The Convex Finance’s pool of FRAX-DAI-USDC-USDT is generating an APY of 5.06% and it has a total value locked of 1.25$ billion.

4. Alpaca Finance (USDT)

The Alpaca Finance is offering a nice 4.9% APY on USDT stablecoin with a currently locked value of around 66$ million.

5. cBridge (USDT)

cBridge’s APY for the USDT stablecoin is 3.2% with a total value locked of around 6$ million.

Final Thoughts

Stablecoins are usually seen as the most popular asset for fighting global inflation and with the current increased inflation rates the cryptocurrency market is having a hard time to sustain its market growth, making the stablecoins less attractive and less staked which is resulting with a lower APY than in a bull market.

Nevertheless, stablecoins are still offering much higher APYs than traditional banks, but with high rewards it comes high risk and this was proven by the latest fall of the top 10 cryptocurrencies LUNA and UST.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of EGG Finance. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.