2. Go to dashboard.apolloprotocol.org → Click “Liquidity” and click “CONNECT WALLET” → click “DEPOSIT” → click “STAKE”
According to surveys by Forbes, Bloomberg, Fidelity, and Deloitte, the main barrier to financial institution adoption of blockchain technology is the risk of volatility. The rapid growth of the space has been associated with large price crashes creating fear for new investors.
Stablecoins, such as Tether, provide a centralized option for stability with a price meant to be closely pegged to 1.00 USD. Such centralized coins developed issues with transparency, lack of significant incentives, and under-collateralization. All of these issues made them less appropriate for use in a decentralized finance (DeFi) setting. …