The developers of the Metamask cryptocurrency have announced the launch of the new StableCoin Earn function, which allows customers to make a profit for deposits in USDC, USDT stabelcoins, or DAI directly through the application.
Metamask said that the new functionality was implemented through a partnership with a decentralized AAVE credit protocol. AAVE hopes that integration will allow them to earn on access to passive income of more than 100 million Metamask users.
“Metamask is the most popular way to access Web3 for millions of users. This partnership gives the possibilities of earnings in Defi, which helps to get more from its assets. We offer profitability from USDC and other stablecoins in the range of 2-14 % per annum, ”AAVE representatives assured.
According to the head of Metamask products, Gal Eldar, customers can place stablecoins on the deposit directly in the wallet, without turning to third -party platforms.
Earlier, the Metamask team, together with the Crypto Tax Calculator platform, announced the launch of Metamask Tax Hub, a built -in tax calculation calculator for different countries and jurisdictions.
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Source: Cryptocurrency
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