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Earn 12.68% p.a. on 30-Day Fixed Deposit on USD Stablecoins @ Vauld

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Earn 12.68% p.a. on 30-Day Fixed Deposit on USD Stablecoins @ Vauld
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AssociatedAaronR @ Stablegains on 27/04/2022 - 15:50 vauld.com (183 clicks)
Last edited 28/04/2022 - 20:03 by 1 other user

I noticed some recent posts about earning interest on crypto Stablecoins so thought I would share what I've found.

Vauld is offering 12.68% on USD stables (TUSD, DAI, USDC, USDT & BUSD) currently on a 30 day fixed term with no deposit limit and no other token purchase or subscription required. It drops to 9.41% if you want no locking period, at which point you're probably better off looking at YouHodler or Stablehouse. The Vauld company is incorporated in Singapore.

On top of the interest earned at Vauld, you get an additional 2.5% of your interest earned (kinda like cash back) if you use a referral link when registering.

I recently setup a basic website which allows you to filter/view various Centralised Finance websites. When Crypto.com reduced their earning rates I went hunting around to find all the different rates and tokens available. There are limited results for AUD so the greater earn available on USD pushed me in that direction.
Feel free to use the website to find something that matches your circumstances - https://www.stablegains.online/

Note: The website very deliberately does not cover opportunities via DeFi as while the earnings can be higher, they're just completely different products due to complexity and risk. Yes you can get 19.45% on Anchor and it's probably a good idea to put some money there. The Binance UST deal gets you to similar returns but with a relatively low deposit limit.

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closed Comments

  • Carrian on 27/04/2022 - 16:05

    stable and crypto in the same sentence

    a real bruh moment

      • jjcf on 27/04/2022 - 16:13
        +4

        Yes they are, you weirdo. Something being (supposedly) pegged doesn't stop it being crypto.

        • rektrading on 27/04/2022 - 16:16
          -5

          No.

          TUSD, USDC, USDT & BUSD are permissioned digital assets.

          DAI is a stablecoin and when backed by USDC makes it just as permissioned as USDC.

          • jjcf on 27/04/2022 - 16:22
            +5

            @rektrading: The tether whitepaper literally calls it a cryptocurrency.

            • rektrading on 27/04/2022 - 16:26
              -6

              @jjcf: Whitepapers mean nothing. 👀 at the code.

              Tether has the private key. They can and have frozen wallets. This makes USDT a permissioned digital asset and not a cryptocurrency.

    • AssociatedAaronR @ Stablegains on 27/04/2022 - 16:13
      +6

      Not sure if being serious or not… but I will assume yes and help you out friend!

      There is essentially a "class" of crypto called Stablecoins that are typically backed by traditional currencies. So a single TrueUSD token would be equivalent to (and can be cashed out to) an actual American dollar. They are indeed quite stable and do not fluctuate where there is turbulence in the markets (either traditional commodities or crypto markets).

      You're going to get better information from a Wikipedia rabbit-hole than an idiot like me though - https://en.wikipedia.org/wiki/Stablecoin

      • archer175 on 27/04/2022 - 23:30

        is 12.68% APY is similar to FTX trading 8% APY by just holding crypto or stable coins without staking ?

        • AssociatedAaronR @ Stablegains on 28/04/2022 - 09:07

          Well, the key differences are that this particular deal is locking your funds for 30 days, and has no specific upper limit on deposit size.

          FTX App Earn is only 8% up to $10k USD worth of deposits. Also, the FTX App Earn is technically a "stake", but you can withdraw/opt-out at any time.

          From the FTX website:

          You can now earn yield on your crypto purchases and deposits, as well as your fiat balances, in your FTX app! By opting in and participating in staking your supported assets in your FTX account, you’ll be eligible to earn up to 8% APY on your staked assets.

    • FSTB on 27/04/2022 - 16:19
      +4

      Tell me you know nothing about crypto without saying you know nothing about crypto (stable coins)

    • wormarts on 27/04/2022 - 17:22
      +3

      You sound a bit confused as to what cryptocurrency actually is.

      Yes, cryptocurrencies per se are subject to wild fluctuations, and are very risky investments.

      On the other hand, stable coins are backed by fiat currency. So they’re not actually cryptocurrencies, even though they operate on the block chain.

      While there might be risks with those stable coins, that is an entirely different subject. Yes, there is a stability risk there, but it is of a very different nature to the risk that attaches to traditional cryptocurrencies.

      • rektrading on 27/04/2022 - 17:32

        So they’re not actually cryptocurrencies, even though they operate on the block chain.

        🙏 give this person a 🏆.

      • ilovefullprice on 27/04/2022 - 17:54

        On the other hand, stable coins are backed by fiat currency. So they’re not actually cryptocurrencies, even though they operate on the block chain.

        I beg to differ. Stablecoins are cryptocurrencies. To distinguish these with non-stablecoin crypto, I have seen people starting to use the term variable coin.

        Perhaps because the space is still relatively new, terminologies used are not set in setting stone yet.

        • wormarts on 27/04/2022 - 17:56
          -1

          I could disagree with you, but then we would be playing a game of semantics.

          I think this whole discussion has blown up because there’s a suggestion that stablecoins are as risky as “typical” cryptos. That’s just simply not true.

          And a conflation of the two shows the original comment or to not really understand what they’re talking about.

          • ilovefullprice on 27/04/2022 - 18:22

            @wormarts: I wouldn’t say that about OG commentor as the crypto space is evolving so fast, faster than you can say hyperloop train :)

            But hey, at least you can say you learnt something new and heard it here first with new terms!

        • rektrading on 27/04/2022 - 18:34
          -1

          Stablecoins like TUSD, USDC, USDT & BUSD are NOT cryptocurrencies.

          The core components of a cryptocurrency are.
          1. Decentralized
          2. Permissionless
          3. Not premined
          4. Immutable

          All the digital assets on the list fail one or more of the core components to be a cryptocurrency.

          • ilovefullprice on 27/04/2022 - 18:41

            @rektrading: Perhaps you may want to craft a new term if you disagree, as many would say (centralized and decentralized) stables are a type of crypto.

            Craft a new term and bring the crypto community along with you.

            • rektrading on 27/04/2022 - 18:43

              @ilovefullprice:

              as many would say stables are a type of crypto.

              Who are many? Please name them.

              Nobody that works in the industry is claiming that stablecoins are cryptocurrencies.

              • ilovefullprice on 27/04/2022 - 18:45

                @rektrading: Consensus on wiki about stables mate:

                https://en.m.wikipedia.org/wiki/Stablecoin

                • rektrading on 27/04/2022 - 18:46

                  @ilovefullprice: Please name the person that works in the cryptocurrency industry that claims that stablecoins are cryptocurrencies.

                  https://en.m.wikipedia.org/wiki/Stablecoin

                  No name article.

                  • ilovefullprice on 27/04/2022 - 22:28

                    @rektrading: If you disagree with the editors at Wiki who wrote, I would suggest to write to them about this. There’s a high probability some of them (or even the references used) are working in the crypto industry.

                    • rektrading on 27/04/2022 - 22:36

                      @ilovefullprice: They're anon. These so-called pencil neck expert can't even sign their work.

                      People that take their opinions as learned material are NGMI.

                      • ilovefullprice on 27/04/2022 - 23:21
                        -1

                        @rektrading: As far as I know, Wiki materials are reviewed and vetted by the community and the public. If there are any false info. on there, it would be quickly identified and then fixed, since people all around the world uses Wiki frequently.

                        Anyhow, found one for you here, from MakerDao:

                        “Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar”

                        • rektrading on 27/04/2022 - 23:52

                          @ilovefullprice:

                          “Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar”

                          My post https://www.ozbargain.com.au/comment/12056437/redir

                          Stablecoins like TUSD, USDC, USDT & BUSD are NOT cryptocurrencies.

                          The core components of a cryptocurrency are.
                          1. Decentralized
                          2. Permissionless
                          3. Not premined
                          4. Immutable

                          All the digital assets on the list (TUSD, USDC, USDT & BUSD) fail one or more of the core components to be a cryptocurrency.

                          TUSD, USDC, USDT & BUSD are all issued by centralized and permissioned entities requiring KYC.

                          MAKER mints DAI using Ether, USDC and other tokens.
                          DAI minted using Ether is permissionless.
                          DAI minted using USDC is permissioned. Circle can rekt DAI if they freeze the USDC that was used to mint DAI.

                          • ilovefullprice on 28/04/2022 - 08:48

                            @rektrading: Stables like DAI are decentralized stablecoins. Stables like TUSD, USDC, USDT & BUSD are centralized stablecoins. Both are a type of crypto.

                            Non-stables could be called variablecoin. This is also a type of crypto.

                            Even though the implementors behind centralized stablecoins may not be decentralized, permissionless etc., these stablecoins are indeed on a system (ERC-20 etc.) which are.

                            • rektrading on 28/04/2022 - 08:53
                              -1

                              @ilovefullprice:

                              Both are a type of crypto.
                              Non-stables could be called variablecoin.

                              😆

                              I understand who I'm talking to now.

  • Psygnosis on 27/04/2022 - 16:07
    +2

    I dunno, any "professional" site that has spelling mistakes or typos, like in their about page "As early ast the 2nd century BC" then it worries me out.

    Meh, would rather use others who are more established.

  • enigma48 on 27/04/2022 - 16:10

    "Stablecoin" is optimistic marketing at best - a recent stablecoin dropped 85% after being exploited. This is very, very risky. https://www.vice.com/en/article/4awe53/we-are-(profanity)-crypto-stablecoin-collapses-after-dollar182m-hack

    At this point, I'm hoping most people have read the many reports of cryptocurrency scams, fraud, etc. You are taking on a lot of risk. You might do well, or you might lose most/all of it.

    Crypto isn't going anywhere - it's valuable and the tech will help change the financial world significantly. But there are so many scams and flaws -make sure you ask yourself "what will the next 12 months look like if I lose 85% of this?"

    • wormarts on 27/04/2022 - 17:24
      +1

      Yes, a flyby night project that was unproven.

      Very different to a well known, mature stable currency platform.

      It’s like comparing an unbranded Chinese OEM media box to an Apple TV, for example.

    • guidedlight on 27/04/2022 - 17:31
      +4

      "Stablecoin" is not intended to store funds. It's intended as an intermediary to transfer funds from one currency/ cryptocurrency to another, between exchanges, etc.

      This is why it is stable… you use it to initiate symmetrical deposit and withdrawn transactions, so the transaction value is remains stable.

      But yes, any cryptocurrency can be exploited.

  • jjcf on 27/04/2022 - 16:11
    +1

    Isn't Binance UST 19% up to 30k?

    I mean, I'm not a math guy, but 19% from one of the largest exchanges on the planet sounds better than 12% from some rando site with a referral code.

    • bleemo on 27/04/2022 - 16:19
      +3

      Yeh. Estimated APY is 18.95% at the moment for a 30 day lock. Up to 30,000 UST. I agree with you here. Much easier at Binance and you do feel a bit more comfortable for sure.

      • vodamerc on 27/04/2022 - 16:37
        +1

        Where on binance is it listed? I can't actually see it.

        If its just 18.95% on UST (TerraUSD) then you're better off just using anchor protocol for 19.5-20% APY with no lock in period.

      • [Deactivated] on 12/05/2022 - 00:44

        aged like cheese, check UST.

    • [Deactivated] on 12/05/2022 - 00:44

      aged like cheese, check UST.

  • AssociatedAaronR @ Stablegains on 27/04/2022 - 16:19
    +2

    Yes is it! It's in my list and I mentioned it in the deal description. Need somewhere to go after that 30k though!

    (Maybe the Binance deal should be it's own deal? It really is great)

    • [Deactivated] on 27/04/2022 - 17:53
      +1

      combo im currently trying is 30k UST (~42k aud) 30 day lock on binance - 18.95%
      and 30k usd worth (42k taud) on cdc - earning 8%, sadly with a 3 month lock.

      I already miss the days of no-limit (well technically 1m) 12% stable coin staking on CDC.

      • AssociatedAaronR @ Stablegains on 28/04/2022 - 10:13

        Well… I also missed the 12% on CDC days until I realised I'm better off elsewhere anyway! It's a little more effort parking the tokens in various places and monitoring, but I'm now earning more than I was before. I'm actually going to move my 8% 3 month away from CDC once it's done.

  • Willyslicks on 27/04/2022 - 16:44

    get rug pulled lul. Ask yourself why are they printing free money to give to you?

    • rektrading on 27/04/2022 - 16:52
      +2

      It's not free 💵.

      The platform use the stablecoins to arb, lending or CeFi/DeFi.

      It's similar to what legacy banks have been doing for 100s of years.

    • FredAstair on 27/04/2022 - 17:38

      You comment makes you look like you know little about what you’re talking about

  • Lucille Bluth on 27/04/2022 - 16:47
    +1

    I have some BTC parked with them earning 6.7%. No issues, have withdrawn countless times and quickly. I wouldn't put a large amount in though, but they have got investment from Coinbase ventures.

    I still prefer Ledn and Nexo for my BTC, at least they are independently audited for proof of reserves from Armanino.

    • AssociatedAaronR @ Stablegains on 27/04/2022 - 17:01

      Are you using any of the platforms for stables instead of BTC?

      Have you looked at Wirex for BTC? I only use them for USD but the crypto rates are decent (10% BTC / 14% USD) if you have enough and fork out for the subscription.

      • Lucille Bluth on 27/04/2022 - 18:23

        TBH I hve never heard of Wirex but I will check it out. I only hold BTC, no stables or any other coin.

        I use Ledn (5.25% up to 0.5 BTC), Nexo (5% up to US$50K), Celsius (6.5% up to 0.1BTC), and smaller bags in Vauld, Hodlnaut (5.33%) and YouHodler (4.5% for referral bonuses).

        • Revrnd on 27/04/2022 - 19:01

          Mixed emotions with Nexo right now… Yeah the rates are great, but the fact you can't use the exchange in Oz is a massive PITA.

          • Lucille Bluth on 27/04/2022 - 19:08

            @Revrnd: Are you talking about the swap function? If yes then I wouldn't be too concerned as these CeFi providers have high spread fees. It usually is cheaper in most cases to withdraw, perform the swap and transfer back in.

            Celsius also doesn't have the swap function activated for Aussies.

        • AssociatedAaronR @ Stablegains on 27/04/2022 - 19:56
          +1

          They have a quirky tiered system but if you subscribe and sell their token when it arrives weekly the earn is good. Here is a summary of it - https://wirexapp.com/help/article/how-can-i-increase-my-x-ac…

          Edit: A word of warning - the site/app is confusing to the point it feels deliberate, probably like their earn rates. Once you can get past that, the rates are top tier.

  • AK88 on 27/04/2022 - 17:08
    -2

    wen moon sir?

    • FredAstair on 27/04/2022 - 17:38
      +1

      Why¿ why troll here like this¿

  • MisterEd on 27/04/2022 - 18:32

    Equivalent to 1% cash back

  • pseudonym303 on 27/04/2022 - 20:06

    Ponzi?

    • rektrading on 27/04/2022 - 20:22
      +1

      Yes,

      That is why I'm getting out of the fiat 💵 🖨️ business and into the stablecoin 19.50% APY yields business.

      • [Deactivated] on 12/05/2022 - 00:48

        😆

        • rektrading on 12/05/2022 - 01:02

          It's still +19.77% APY.

    • Jikx on 27/04/2022 - 20:27

      It's no ponzi.. it's a "stablecoin", meaning it is backed by "real" money.. that somehow earns you 12.8% p.a when "real" money earns you virtually nothing - yet the coin values are equivalent. Makes perfect sense. Absolutely no way this will lose you money. No way.

      • rektrading on 27/04/2022 - 21:03
        +2

        that somehow earns you 12.8% p.a when "real" money earns you virtually nothing

        Did you check the CBA 2022 ROE before saying that?

  • furic7 on 01/05/2022 - 12:13

    Great website bro. May be good idea to include withdrawal fees for each platforms. (e.g. YouHodler took $20 on withdrawal ERC20)

    P.S. I'm also keen to know which platform you convert and send your AUD to USDT (e.g.)

    • mountaineer on 07/05/2022 - 15:54

      For Youhodler just use BEP 20 chain for 1 USDT withdrawal fee…
      AUD on ramp - Binance and FTX are all good…

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