Best Avanlanche AVAX interest rate to earn the highest APY

Time Stamp: September 20, 2021 10:03 AM
Source Node: 1084692

Below, we have made an easy calculation why it´s important to choose the best interest rate over the second best.

This is especially true for long term holdings. However, don´t forget that the risk must be weight in here. 

For example, is it worth going for the best interest rate if you consider the first option involves more risk than the second best option? This question can only you answer and we provide the information.

Lets say you deposit $100 worth of AVAX to MyCointainer and $100 worth of AVAX to Binance. Also, pretend the AVAX/USD price is stable.

This is how much you will have over time

  Binance MyCointainer
Deposit $100 $100
5 years 146 184
10 years 214 339
15 years 313 625
20 years 458 1152

Source: https://www.cryptocoinzone.com/passive-income/best-avanlanche-avax-interest-rate-to-earn-the-highest-apy/

Time Stamp:

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