How to earn 30% Cashflow with Stablecoins on Defichain

Decentralized finance(DeFI) opens up a new world for users who have been hungry for returning traditional finance for decades. DeFi’spassive income opportunities are enormous and there are many opportunities in the dynamic world of platforms, protocols , and exchanges that are changing constantly.

Today, I want to show you a simple method on how to earn almost 30% APR cash flow using the power of the Defichain protocol. What we will do is to use liquidity mining with two stable coin pairs. In simple terms, you provide liquidity, to a decentralized exchange (DEX), to enable trades between two different tokens of a trading pair.

I am using the @DFX_Swiss App, which is free to use, does not require KYC up to and offers a direct deposit and withdrawal option from the bank account via SEPA transfers. Another option is to use @cakedefi.

After downloading the app, you will first need the two currency pairs DUSD and USDC. In the case of the DFX_Swiss app, the easiest way to buy the coins is via SEPA transfer. Click on “Buy” on the left upper button. Other possibilities like connecting MetaMask will be available soon. With Cakedefi you can easily transfer your USDC from another wallet, make sure you use the ERC-20 address.

Once you have USDC, you will need to convert half of it into DUSD. To do this, go to “DEX ‘’ and in the upper right corner click on “Swap” and select FROM dUSDC to DUSD. Don’t wonder why it says dUSDC and not USDC. Simply put, this is because the USDC is now on the Defichain network and not on the Ethereum network.

After the swap, go back to DEX and scroll down the list until you find the pair “dUSDC-DUSD”. Click on the “Add” button and select the maximum amount of coins you want to make available in the new window. Finally, scroll down and click continue.

You can also do the same with other pairs, such as DUSD-dUSDT, where you get even 28.5% APR.

The earnings are paid out in the form of DFI coins, which can be converted into other coins like USDC or paid out directly to your account via a SEPA transfer.

Of course, you can take your coins out of the pool at any time and withdraw them again.

This is not financial advice, always DYOR!