How Many Stablecoins Do We Need? Can We Stake Stablecoins?

Now that the Genius Act has been signed into law, it looks like every financial institution in the country is going to be bringing out their own stablecoin.

In the past we've talked about staking coins in a liquidity pool as well as yield farming with a pair of coins. Some have recommended yield farming a regular coin with a stablecoin to reduce the potential of impermanent loss. For example ETH-USDT.

Are you staking any of your coins/tokens right now? If so, how/where are you doing it? If you're doing it on a centralized exchange, are you worried about the exchange going down like FTX or Celsius.network?

Bring your thoughts and ideas about stablecoins and staking... let's see if we can learn a little bit from each other.

Here's the link to the Google doc that we'll be sharing:
https://docs.google.com/document/d/1CP1ZjTYtmewGyXDQ3WRVHcecXgqAi_6fotglXcJI55s/edit?usp=sharing

Open the document and "Request Edit Access" to edit so you can contribute. Or send your G-Mail address to info@fresnobitcoin.com

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