How to Invest in Stablecoin and Earn 15% APY from One Ring Finance During Crypto Down Turn

I will show you how to invest Stablecoin such as USDC, USDT, DAI and Earn 15% APY from One Ring Finance. Visit app.onering.finance. Currently Onering only supports stable coins on Fantom and Polygon Networks. In order to invest in stablecoin, you need to have your stablecoins in Web 2.0 wallet like Metamask. I will provide a link below on how to setup Metamask Browser Extension on Chrome, Firefox, Brave and Microsoft Edge browsers. Chrome Metamask Plugin works also in Brave browser. When you install Metamask Browser plugin, it will only install Ethereum default network. In order to install Polygon and Fantom Networks go to Chainlist.org and select Polygon and Fantom networks to add it to the supported networks.

Next, I will show you where you need to purchase crypto from Fiat coins.

How to Buy Fantom Tokens First, In order to participate Stablecoin investing, you need to purchase Fantom tokens. I would buy Bitcoin from App like Strike with no fee just under $100 buy spread between market price of Bitcoin and buy price of bitcoin. Send it to a great exchange like CoinEx without any transaction fees because Strike App uses Bitcoin lightining network with zero transaction fees. Use those Bitcoins to buy Fantom tokens. CoinEx withdrawal fee for Fantom tokens is like 0.02 Fantom. It is like $0.04 at current price of Fantom at $2. Send those Fantom tokens to MetaMask Wallet. You need to create a MetaMask Wallet. Easiest is to install MetaMask Chrome Extension wallet. I will provide links to it. You need to setup seed phrase and never share that will anyone. You can also install Terra Station android and IOS app as well for extra safety to confirm your seed phrase is correct before you send funds to it.

Second, You need to buy Fantom token from a centralized exchange. I use coinex.com because withdrawal fees are 0.02 Fantom and trading fees are very low as well. I will provide a link below to Coinex exchange as well. Withdraw this Fantom to the MetaMask Wallet address. Terra Staion wallet address is the top wallet address just like Metamask. Click the copy button and copy the wallet address. Go back to Coinex withdrawal tab and past the address. Since you are withdrawing to private self custordy wallet, you do not need a memo. Click null. Click Submit and enter the 2FA code provided by Authenticator app. Confirm your withdrawal and your funds will arrive in few minutes. If you do not see your funds in a few minutes reflesh the MetaMask app.

Swaping Fantom Tokens for USDC, USDT, or DAI I used the official Quickswap to swap Fantom Tokens to USDC, USDT, or DAI. Go to quickswap.exchange/#/swap and connect your metamast wallet to swap out Fantom tokens for USDC. At the shooting of this video, 1 Fantom token is around 2 USDC.

How to Deposit USDC, USDT and DAI As of shooting this video, in Polygon network USDC, USDT and DAI has a APY return of 9.98%. On Fantom network APY is 16%. I would prefer the Fantom Network staking because of high APY over Fantom network as of shooting this video. After you connect your MetaMast wallet, select how much you want to deposit. In my example I invested $10 for this demonstration. You need to Click approve first with Fantom gas fee that is under few US cents. After this approved, you need to click Approve and pay Gas with Fantom that is less than 0.25 FTM tokens. You can use similar way to withdraw funds later from Onering Finance network.

https://app.onering.finance/

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