How can I maximise yield farming gains?
Asked 4 years ago
Hello, I really want to increase my gains by yield farming but how can I go about doing this successfully? Any strategies?
Anderson Ezie
Wednesday, February 02, 2022
Yield aggregation has always been the goal of yield farmers. It simply means searching for, and earning the highest return for providing liquidity to a liquidity pool. To maximize your yield, you have to search for automated yield farming platforms like Convex, Beefy, Tokemac, Alchemix, Yearn, or Donkey Finance or do it manually.
To maximize your yield manually use data aggregation platforms like Defillama, CoinMarketCap, or CoinGecko to search for the highest paying yield farms with the lowest risk. After earning high yields for some time, for example, a week, you can switch to the next platform with the highest paying yield.
The reason is that the more people get into the pool you are currently on, the lesser the protocol will pay in yield to investors. The aggregation platforms mentioned earlier automate the same strategies for you.
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