While $ADA is in the spotlight for the gains it has made against USD and BTC in the recent days, one should not forget to explore Cardano's ecosystem. One noteworthy dApp to showcase is Liqwid, the local $AAVE equivalent (x.com: liqwidfinance).

You can earn on the Liqwid platform in several ways:

Staking the platform's token $LQ will net you a share of the platform fees (paid in $ADA ) but also with 5% APY paid in $LQ. With almost the entire supply circulating (87%), now is a good time to grab LQ at a discount.

If you prefer not to risk your capital in a low-cap, you can earn reasonable APYs by supplying ADA or Stablecoins (see screenshot below). APY gains are paid out in the supplied asset (white % APY) and in LQ (grey % APY).

Stablecoins to supply include:
- DJED (algorithmic)
- iUSD (synthetic asset)
- USDT, USDC, DAI via Wanchain
- USDM (fiat backed, coming soon)
- Gold (via a Swiss-certified partnership, coming soon)

Of course, you can also use Liqwid for its main purpose, i.e., to borrow crypto with a crypto collateral. In this way, you can long or short Ada or other currencies.

References:
- Wanchain (search for guides on twitter handle: wanchain_org)
Wallets:
- Beginner and mobile friendly: Vespr (x.com: vesprwallet)
- Intermediate: Lace (x.com: lace_io)
- Expert: Eternl (x.com: eternlwallet)

Liqwid (token $LQ) is preparing to bring Gold on Cardano by partnering with ApexGroup (multi-trillion assets under custody).

Real-world assets on chain #RWA

Further reading:
https://cardano.ideascale.com/c/idea/126040

#Ada #cardano

To fully utilize the potential of crypto, you should be your own bank on-chain.

Did you know that Cardano's decentralized finance (DeFi) is booming? If you have spare stablecoins sitting idly by, you can make them work on the Liqwid platform.

In the screenshot below. you earn both % APYs:
- top number is APY in the same asset
- bottom number is APY in the platform's token
Reason they are so high is that demand is high during the bull market.

USDT, USDC and DAI can be bridged from any chain to Cardano via Wanchain.
DJED and iUSD are native algorithmic coins.

Wallets: Lace (Simple) or Eternl (Advanced users)
#cardano #lq #Wanchain #Stablecoins

Citing Liqwid's co-founder, on launching a swids Cardano ETP that includes staking (!)
DeFi meets TradFi

"I'm thrilled to announce a groundbreaking development from the Swiss SIX exchange! Today, I had the honor of ringing the bell to officially launch the listing of the Cardano Staking ETP by Liqwid (Ticker: CASL).

🌟 What is CASL? 🌟 CASL is a structured product designed to offer investors a unique opportunity. It combines the performance potential of the Cardano tokens (ADA) with the interests generated from staking ADA on the Cardano blockchain. "

#cardano #liqwid
$ADA $lq