What platforms are the best for yield farming?

Asked 2 years ago

Good day! Which platforms are the best for yield farming decentralized cryptocurrencies specifically? Thank you in advance

Anderson Ezie

Wednesday, February 02, 2022

The best yield farming platforms can be difficult to spot. It is good to note, however, that the most stable yields come from investment in stablecoins. Yet the returns are not so high and would probably not make you as rich as you imagine. The average rate is an APY of 20% across all DeFi protocols for stablecoins. You must also consider the developers of the yield framing platform, their stake in the platform, their experiences, and their motivation for building the project. Older platforms are often better for the criteria mentioned here. So alot of investors prefer to use platforms like Convex, Yearn, Beefy, Tokemak, Alchemix, Tranchess, Quarry, Alpha, and Alpaca, Rari, Sunny, Tulip, Badger, StakeDAO, Autofarm, Coinwind, Pickle, 88mph etc.

Write an answer...


Please follow our  Community Guidelines

Can't find what you're looking for?