Echidna Updates For Stable Coin Yields on 3.7.22

 For those that are looking for the best stable coin yields on USDC, USDC.e, USDT, USDT.e an DAI.e - we will dive into Echidna today to learn more about what they offer at today's yields and also what they might be offering in the future. 

1) If you are brand new then there are couple of things that you might to learn. 1st of all learn about metamask - which is your personal wallet. Remember that when dealing in cryptos you hold your own wallet when you work with decentralized exchanges. This is very important. There is no email login. So take the time and learn about meta mask and how it works. Understand how important it is to write down the keys to your meta mask wallet in several places that are not accessible online. This is VERY IMPORTANT. There are a lot of great youtube videos explain meta mask.

2) Also important to understand that the Echidna Protocol is built on the avalanche network. This means that you will be dealing with the Avalanche C Chain. (not ethereum, not luna, not bitcoin). Almost think of it as getting on he correct plane. There are different airlines such as Delta. If you send money on the wrong chain then it will go absolutely nowhere and you might lose it. 

If you are new make sure to get a grasp on the different Eco System Chains before you stat sending money.

Here is a quick way to get money on the avalanche chain if you are in America. Remember that defi is very new so it may seem like a few xtra steps but they have to be done. 

1) Buy Avax - the Avalanche token on Kucoin. When you send it to metamask make sure you have Avax set up on you wallet (youtube explains this well - setup avax on metamask wallet). Once you buy Avax on Kucoin you can send it on the c-chain to your metamask wallet. 

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