Our passive plan offers balanced exposure to stablecoins via high interest generating decentralized pools. Our plan is spread evenly across the top three dollar-pegged coins in the market: USDC, USDT, and DAI.
What are Stablecoins?
Stablecoins are cryptocurrencies that offer price stability and are backed by a reserve asset like the Fiat USD. Stablecoins are the medium of value transfer preferred by the crypto community as it does not fluctuate on value and, just like the name indicates, it offers a stable currency that can be used like any other crypto.
How do high interest decentralized pools generate money?
Our biggest partners, Compound and AAVE protocols, automatically calculate and issue interest rates based on the liquidity available for each of the cryptocurrency offered on their platforms. The rates fluctuate based on supply and demand in the market and change constantly. For more information, SoFi Learn posted a really informative blog describing this mechanism. [Link]
Which pools is redxam using?
We have a list of approved partners that we work with, out current Passive plan leverages the following protocols: Compound, AAVE, Fulcrum, and Harvest. We assess their rates and make the necessary transactions to insure the highest interest on the money.