Interesting, are you preppinig for the bear market by moving profits into stables or are you a stable coin investor primarily ? They seem to be very safe investments on yield farms, as long as the projects are safe.
I never heard of Admant so I will check it out.
Thanks
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If something goes into stables I kind of see that as 'taking profit' - they are just waiting to be cashed out whenever.
For tax purposes I cash out less than £12K a year because that's the capital gains threshold! So most of my stables are sitting there, waiting for the next cash year, or the next and so on....
Really,, up to £12,000 pounds!
I think that’s $24,000 to $25,000 USD.
That’s am amazing tax break!
If only we had that in the US! 🙏
i think it's a bit less unless the dollar really is deflating that much? I thought it was nearer $19!
I'm not primarily a stable coin investor btw, I just have around 5-10% in stables, of the crypto portfolio, the returns are OK on some yield farms. Although that ratio does vary as crypto proper goes up and down!
Adamant is what i'm coming out of btw - 3 month lock on your rewards.
Oh okay. 5-10% is a small part of your portfolio.
I remember it seemed you didn’t like the 3 month lockup.
With so much competition - I've just been watching Adamant fall down the TVL rankings.
Honestly, I think Polycat and Autofarm are the best on Polygon, and Quickswap - the former too often point me to something like Ape too - all well established.
If I can get 10-25% across stables, I'll take that!