crypto.com and staked the $4000 worth of CRO for the green card. Do you have stable coins that you offer 1:1 conversions with fiat for no fee, like Gemini has with GUSD?
John Smith, [12/14/21 11:05 PM]
The only thing close I found with crypto.com is USDC which seems to be 1:1 conversation rate, and a fixed fee of ~60cents if you use the Cronos network.
John Smith, [12/14/21 11:06 PM]
But crypto.com offers a fairly low 4% APY on USDC, while Gemini pays 8% on GUSD and BlockFi pays 9% on a handful of stable coins. It seems like the app still is heavily based on the Etherum network so does that mean I would need to pay high eth gas fees to swap for TUSD or sUSD which has a much higher?
John Smith, [12/14/21 11:07 PM]
Hopefully I am wrong and missing something, since crypto.com looked like it
would be a great place to move a bunch of my stables, but having to pay crazy etherem fees to swap and transfer to either of your two higher yield tokens would negate any upside
John Smith, [12/14/21 11:05 PM]
hi, I just signed up for crypto.com and staked the $4000 worth of CRO for the green card. Do you have stable coins that you offer 1:1 conversions with fiat for no fee, like Gemini has with GUSD?
Tim, [12/14/21 11:05 PM]
21 billion? I had trillions for a bit.
John Smith, [12/14/21 11:05 PM]
The only thing close I found with crypto.com is USDC which seems to be 1:1 conversation rate, and a fixed fee of ~60cents if you use the Cronos network.
John Smith, [12/14/21 11:06 PM]
But crypto.com offers a fairly low 4% APY on USDC, while Gemini pays 8% on GUSD and BlockFi pays 9% on a handful of stable coins. It seems like the app still is heavily based on the Etherum network so does that mean I would need to pay high eth gas fees to swap for TUSD or sUSD which has a much higher?
ᴍ ᴀ ɴ ᴜ ᴇ ʟ, [12/14/21 11:06 PM]
What's News About Shiba Inu ?
John Smith, [12/14/21 11:07 PM]
Hopefully I am wrong and missing something, since crypto.com looked like it
would be a great place to move a bunch of my stables, but having to pay crazy etherem fees to swap and transfer to either of your two higher yield tokens would negate any upside
John Smith, [12/14/21 11:09 PM]
and seeing that you have not one but TWO of your own alternative blockchains with very low fees
John Smith, [12/14/21 11:09 PM]
im sure there gotta be a better way than what Ive found so far
Depending on where your funds are homed, you can transfer to the custodial wallet app (only network fee involved) > stake in Earn for up to 12% interest p.a, in 3-month contracts. You could potentially bridge the stables onto CRONOS or CryptoOrg chain, if supported, and transfer to app that way. Where are your funds, which network and what tokens?
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