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)