How to Lend Your Cryptocurrency, and Why Stablecoins Are Yielding 10%
Before the broader crypto sell-off in recent weeks, bitcoin had risen as much as 115%. Dogecoin had risen more than 12,000%. Ethereum had risen more than 470%. Other coins have also seen big gains as investors have snatched them up. But for those investing in cryptocurrencies for the long-term, there's a simple way to add to these gains: loaning the currencies out. In the crypto-driven world of decentralized finance (DeFi), individuals can play the role that banks often do in traditional finance. They can lend their money for a fixed period of time to other individuals, in return for interest...
Source: businessinsider.com