How does Tether compare to other stablecoins like USDC and DAI?
A post by Ohidul Islam
To buy Dai using yearn.finance, first, find a cryptocurrency exchange that supports the DAI/YFI trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your YFI into your exchange wallet. Locate the DAI/YFI pair on the trading platform and place an order to exchange your yearn.finance for Dai. If the DAI/YFI pair is unavailable, you can first exchange yearn.finance for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Dai. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Dai for yearn.finance, first, find a cryptocurrency exchange that supports the DAI/YFI trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the DAI/YFI pair on the trading platform and place a sell order to exchange your Dai for yearn.finance. If the DAI/YFI pair is unavailable, you can first sell Dai for a stablecoin like Tether (USDT) or a fiat currency, then trade that for yearn.finance. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by Ohidul Islam
Uphold, a New York-based cryptocurrency exchange, has announced that it will cease support for...