Stablegains is powered by Decentralized Finance technology (DeFi), specifically Anchor Protocol. What is Stablegains? How does Stablegains make money? Let's delve into these questions.
What is Stablegains?
Stablegains is a crypto startup that, in its current iteration, offers a crypto savings account. They’re able to offer 15% APY by earning more yield in the decentralized finance world, then passing the difference onto consumers.
How does Stablegains make money?
According to them, they make money when customers make money. The difference between the interest they earn on deposits (between 18% and 20% in Anchor) and the 15%+ we pass on to Stablegains customers is captured by Stablegains and used to pay customers' transaction fees and their bills.
Stablegains is using a DeFi protocol (Anchor) to generate yield. They convert your US Dollars or USDC to UST (Terra) on the backend in order to put it on Anchor and generate yield.
Now you know what is Stablegains and how does Stablegains make money.
