Tempus Launches on Fantom (FTM) to Lock in10%+ APY Yields• February 21, 2022 9:37 pm • Comments
The Tempus Protocol is now launching on the Fantom (FTM) network which will allow Tempus users on Fantom to be able to have 10%+ APY yields from their stable coin holdings.
This makes FTM attractive for investors because being able to lock in such a high yield means that investors don’t have to worry about the yield dropping at a later point in time.
This type of yield is also attractive given the current state of the market environment which has been a bear market for the majority of the year so far.
The Tempus protocol is known as a fixed income protocol that is integrated with some of the leading yield platforms and its launch on Fantom (FTM) could make it one of the most popular choices for investors who are looking to earn stable returns without significant risk in the crypto world.
Tempus Deploys on Fantom to Bring 10%+ APY Fixed Yields https://t.co/JvcLc67qlN – https://t.co/HzksZFXjrd pic.twitter.com/cRrg3avMhG
— dumbwire CryptoNews 📟 (@dumbwire) February 21, 2022
Due to the bearish market environment in early 2022, yields have compressed and previously easy to find 20%+ APY opportunities have dwindled.
Lending protocols like Compound are seeing yields into the low single digits — not much different than those at a regular bank or ETF.
There are few farms with high yields in the market today, one of which is Terra’s Anchor protocol with approximately 19% APY on UST.
The Tempus pools are thus among the most lucrative on a nominal basis with their 10%+ APY, and may be overall the best choice on a risk-adjusted basis. UST often suffered from de-pegs during heavy selling periods, such as in May 2021 and recently in late January.
The high yields may thus be a reflection of a perceived higher risk of collapse. By contrast, Tempus sources yield from a diversified set of protocols who themselves use diversified yield opportunities.
Specifically on Fantom, momentum remains strong in DeFi and allows for higher yields than on blockchains like Ethereum.
Right now, as the market continues to have bearish pressure due to possible regulatory fears and other reasons, it seems that the Tempus Protocol will help create a positive outlook for the Fantom ecosystem.
Bearish pressure in the market and crashing prices will typically create lower borrowing appetite and lower yields.
However, Fantom’s ecosystem is still allowing the Tempus protocol to main 10% yields which makes it stand out during a time when there are limited other choices to make stable returns.
Investors also won’t have to worry about not being able to get the yields as they are backed with stable coins such as USDC, DAI, USDT, WETH and YFI Vaults on Yearn Finance.
Users will be able to get high fixed yields backed by USDC, DAI, USDT, WETH and YFI Vaults on Yearn Finance.Continue reading Tempus Deploys on Fantom to Br…Read more: https://t.co/7ztwhvBCj3
— webnow🌎 (@webnowcompany) February 21, 2022
Users will be able to get high fixed yields backed by USDC, DAI, USDT, WETH and YFI Vaults on Yearn Finance.
Thanks to Tempus’ yield and capital token system, users will be able to lock in current rates and not worry about them dropping over time.
In addition, Fantom’s low fee environment means that less-capitalized farmers won’t need to wait for months to break even on gas fees.
With this capability, Fantom (FTM) could continue to grow significantly in the DeFi space for both investors and borrowers.
At the time of writing, FTM is ranked the 32nd largest blockchain on Coinmarketcap and has a total capitalization value of $4.4 billion.
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