As of time of writing it’s probably the middle of the end of bull-run that begun with 2020 DeFi blossom, then Bitcoin reaching all-time-height, following by alts booming, Ether thriving, NFT raise. Actually, in May 2021 we experienced some dumps by ~50%.
Actually, not everyone. People that survived any of the previous bear markets, actually should already be smart enough, to utilize a whole spectrum of coins/tokens. And I do not mean just those tokens that do 10x - I mean stablecoins!
Even though we love volatile coins - because volatility is what brings us those sweet gains - at some point we have to look for a place where we can park those gains. Depending on your residency it might be a nice way to pause paying taxes as some countries do not tax crypto-crypto swaps. Why not then try to park them into stables? They got the property of preserving value for a short term, but there is much more you can do about them!
Probably, you would say, that it is not worth them, because they intuitively just hold peg, but you might be wrong. You can always invest them into interest bearing protocols that could benefit you with a juicy yield between eg. 2-50%.
Take a look at some of them:
At the point of writing its yielding you 15%, but historically saw it even at 25%. The way it works is that it takes DAI/USDC/USDT exchange them into the right proportions and deposit into Curve liquidity pools. Because each of those pools is yielding some interest from fees when people swap, this is where the gains come from.
