Earning High Yields with USDC on Hedera: A Look at Bonzo Finance and SaucerSwap
Moving fungible and non-fungible tokens between blockchain networks is costly and time-consuming. When networks are overwhelmed and can’t grow, transaction fees rise, making stable fiat-backed coins and other tokens prohibitively expensive to use. Proof-of-work blockchain makes real-time payments difficult since token settlement takes time and judgments are unpredictable.
USDC on Hedera gives end users and apps created on the network fiat-backed currency benefits. With enterprise-grade scale and real-time settlement, transactions will be final. Hedera transactions can handle a lot of USDC, settle in 3 seconds, and have a constant transaction fee of $0.0001.
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Enabling Real-Time Payments and DeFi Growth
Hedera’s USDC advantages are helping apps accept real-time US dollar stablecoin payments expand quickly. Hedera’s transaction fees are always $0.0001, making micropayments business-friendly.
First Hedera apps that take USDC for fees and micropayments are:
- Calaxy
- Dropp
- Scintilla
- TaskBar
Many decentralized finance, network bridge, and NFT apps use Hedera, including SaucerSwap, HashAxis, and Hashport. This implies that Hedera USDC usage will increase significantly.
Bonzo Finance: High-Yield Lending and Borrowing
Bonzo Finance is a decentralized Hedera lending and borrowing platform. USDC investments yield 17% APR. This makes it a strong passive income source and capital-efficient for customers. Due to its minimal fees ($0.0001) and 3-second settlement period, Hedera makes lending and borrowing easy.
SaucerSwap: Lucrative Liquidity Pools
SaucerSwap, Hedera’s top DEX, offers 20% APR on USDC liquidity pools. People who offer liquidity get rewarded with rapid transfers and inexpensive charges. More individuals use USDC on Hedera through Binance, enhancing SaucerSwap DeFi chances. As SaucerSwap‘s price and trading volume grow, it becomes an essential platform for high-yield investments within the ecosystem.
How to Get Started: The DeFi Advantage Begins Immediately
Follow these 3 steps to get the most out of the advantages of USDC on Hedera:
- Step 1: Take USDC out of Binance and into HashPack, the leading DeFi wallet for Hedera.
- Step 2: Link your wallet to SaucerSwap or Bonzo Finance.
- Step 3: Deposit your USDC and begin earning an annual percentage rate (APR) of up to 20%!
Why Should You Choose Hedera for DeFi with USDC?
USDC on Hedera is a milestone for DeFi, delivering rapid, low-cost, and scalable financial opportunities. Now is the moment to invest in high-yield assets like Bonzo Finance‘s 17% loan APR and SaucerSwap Finance’s 20% liquidity pool APR.
Hedera is suited for seamless, cost-effective DeFi participation due to its 3-second finality and $0.0001 transaction expenses. Hedera’s developing DeFi network caters to lenders, borrowers, and liquidity providers.
Start earning now! Connect your wallet, transfer USDC from Binance to Hedera, and optimize DeFi returns on Bonzo Finance and SaucerSwap.