The year 2021 is shaping up to be a big year for DeFi. The DeFi market is evolving at a breakneck pace, making it difficult to keep up with all of the developments.
What makes DeFi so unique? The crypto market offers numerous opportunities to earn extra money, including decentralized exchanges, yield aggregators, credit services, and even insurance, all of which allow you to deposit your tokens and receive a reward.
However, the newest money-making craze is not without its traps. Every day, new DeFi projects open, interest rates fluctuate, and some pools close - it's a pain to keep track of it all, but you should.
The answer is, in fact, here. We built a DeFi yield farming project ranking tool to assist you in locating a reputable project with the greatest interest rates for your safe cryptocurrency and token investment.
DeFiEarns.com, a rating aggregator for crypto yield farming, was launched on August 1st, 2021.
DEXes (PancakeSwap, MDEX), Yield Farms, Yield Aggregators/Optimizers (PancakeBunny, Beefy Finance, AutoFarm), Lending Platforms (Venus, Annex Finance), and even Leveraged Yield Farming initiatives like Alpaca and Alpha Home are among the 56 projects included.
Only three networks are now supported by DeFiEarns.com: Ethereum Mainnet, Binance Smart Chain, and Polygon.
However, it will be completed in two months with the addition of more major networks.
Everything is made simple with the clear UI and simple filters. Users of DeFiEarns.com can track interest rates for a single token as well as a pair of tokens in multi-token pools where three or even four tokens can be deposited. Investors can also track the history of ranking changes and total value locked (TVL) in various pools and farms.
Don't overlook the profit potential. Rather of lazily keeping your tokens, use DeFiErans.com to multiply your crypto.
But keep in mind that investing in DeFi is risky: temporary losses, project hackings, Oracle bugs, and significant cryptocurrency volatility are all issues that DeFi yield farmers encounter on a regular basis.
What is the purpose of defiearns.com?
Simply go to DeFiEarns.com and type the name of a token you own into the search box; then select the best interest rate, keeping in mind to check TVL first. The greater the TVL score, the more trustworthy the project.