Top 10 Yield Farming Platforms📊

in neuronchain •  4 years ago 

✅ Uniswap. It's one of the largest decentralized exchanges exceeding $1 billion in 24-hour trade volume. Farmers can invest their crypto assets in a range of liquidity pools offered by the platform to earn UNI V2 tokens.

✅ Balancer. It allows yield farming to create and add liquidity to customizable pools and, in exchange, earn rewards. The platform offers two types of liquidity pools – private pool and shared pools.

✅ Compound.finance is also a part of the Ethereum ecosystem offering an algorithmic, autonomous interest rate to users. Thus the interest rates on the platform are automatically kept in check as per the demand and supply. The platform uses one of its native tokens – cToken to represent the supplied assets.

✅ Curve.finance. The platform focuses only on stablecoins, thus offering low slippage to users and practically no impermanent loss to liquidity providers.

✅ Synthetix is a decentralized derivatives market. It is a token trading platform allowing the creation and trading of real-world assets in a tokenized manner.

✅ Yearn.finance is basically an aggregator for DeFi applications. It utilizes a range of lending services (Aave, Compound, Dydx, etc.) to optimize your token lending.

✅ SushiSwap is a hard-fork of Uniswap that apparently made a vampire attack and gained over $1 billion in liquidity within a week of its launch.

✅ AAVE. It’s a non-custodial protocol and offers decentralized services, including lending, borrowing, swapping tokens, flash loans, etc.

✅ UMA Protocol. Short for Universal Market Access, enables users to create an ERC20 token for synthetic crypto or real-world asset exposure in an ETF-like format.

✅ Luaswap. It offers around 15 different liquidity pools. Farmers can lock their assets in these liquidity pools on Uniswap to get UNI-V2 LP tokens. Further on, they can earn LUA tokens by staking their UNI-V2 LP tokens on Luaswap.

Have you already tried something from this list, friends? Write in the comments!✍

#NeuronChain #NeuronEx #NeuronWallet #blockchain

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