Decentralized finance has a unique reputation throughout the crypto market because it is far more capable of generating yields than traditional financial tools. Bonds, stocks and certificates of deposit do not match the returns earned by high-yielding agricultural protocols.
For beginners, yield farming is an investment strategy that allows you to lend or bet digital assets on decentralized apps and earn passive income with cryptocurrencies. There are a few DeFi protocols on the market, but only a few provide safe and consistent benefits to investors. Let’s dig deeper into them:-
Curve Protocol (CRV)
Curve is a decentralized exchange, especially known for exchanging fixed-valued assets at a 1: 1 ratio. The largest pool of protocol tripools holds a large amount of liquidity (about $ 3.5 billion), including some of the top stable coins such as USDT, USDC and DAI. Curve has attracted the attention of investors for its high liquidity and low fees as it rewards liquidity providers with its native token CRV.
The idea of a decentralized protocol as a savings account comes to fruition with the introduction of a curved liquidity pool. The real reason behind its success is the liquidity subsidy provided by CRV tokens, ensuring that liquidity rewards are high enough to maintain stakeholder interest.
Pancake swap (cake)
Pancakeswap is one of the most cost-effective decentralized exchanges, with countless opportunities to produce yields through agriculture. LP tokens are required to enter the farm on this platform, and returns vary widely depending on risk parameters. Aggressive farmers win big in pairs with eye-catching rewards, but there is also a downside risk.
If you are looking for a low risk / low return option, Stablecoin based farms are the most popular. Given Pancakeswap’s user-friendly interface, it’s easy to find a farm based on risk tolerance.
Gnox protocol (GNOX)
Gnox is a relatively new entry into the DeFi space with the vision of transforming the future of investment. Built on the Binance Smart Chain, this protocol provides investors with “yield farming as a service”. Every time the native asset GNOX is traded, a 10% tax is levied on the transaction and the token holder receives 1% of the share every 60 minutes.
The remaining taxes collected are added to the financial funds and deployed in various liquidity pools and lending protocols to maximize profits. These rewards will be redistributed to those who hold GNOX. Unlike other protocols, Gnox removes guesswork from the equation and puts its finances at risk in order to benefit the community.
For more information on the Gnox Protocol (GNOX), please visit: ――――
Participate in the pre-sale: https://presale.gnox.io/register
Website: https://Gnox.io
telegram: https://t.me/gnoxfinancial
discord: https://discord.com/invite/mnWbweQRJB
twitter: https://twitter.com/gnox_io
