The Defi Project Aggregator Of Crypto Yield Farming Rates

DeFiEarns: The Defi Project Aggregator Of Crypto Yield Farming Rates

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DeFiEarns is an aggregator that ranks yield farming projects in the decentralized finance (DeFi) space. Its main objective is to enable users to discover and make use of projects with the highest interest and yield farming rates available in the market.

Since the DeFi industry was born, 2021 has been its best year so far. The sector has given its users diverse platforms to make a living. These include decentralized exchanges (DEXs), yield aggregators, credit services, and insurance providers. Users can deposit crypto tokens in these projects in exchange for a reward.

However, making the most out of DeFi, rather than having crypto assets lying idle, requires one to have some tricks up their sleeves. This is because new projects are launching every day, each with different interest rates. On top of that, the sector has grown at a stellar pace, which may make it a gruesome task to follow up on its developments.

These challenges inspired and led to the launch of DeFiEarns.com on Aug. 1, 2021. Currently, DeFiEarns.com has listed 56 projects, including DEXs such as PancakeSwap and MDEX, yield farms, yield aggregators (Optimizers) such as PancakeBunny, Beefy Finance, and AutoFarm. Others are lending platforms such as Venus and Annex Finance, in addition to leveraged yield farming projects like Alpaca and Alpha Homora, to mention but a few. The platform also supports three networks – Ethereum Mainnet, Binance Smart Chain (BSC), and Polygon, with plans to integrate other popular networks in the next two months.

With its user-friendly interface and simplified filters, DeFiEarns.com makes it easy for users to find the best projects for the safe investment of their crypto assets. They can keep track of interest rates for single or paired tokens in multi-token pools that allow deposits of three or four tokens. Additionally, users get to follow up on changes in ranks and total value locked (TVL) on different pools and different farms.

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To make use of DeFiEarns.com, visit the website and type the name of a token you have in the search box. Choose the most preferred interest rate. Remember to check the project’s TVL ranking – the higher the TVL, the more reliable the project. DeFiEarns.com also enables one to find out which company audited a DeFi project.

Of note, as much as DeFi platforms hold the potential to multiple crypto holdings, users should be warned that such investments also carry risk. DeFi platforms can easily fall victim to hacks, impermanent losses, oracle bugs, and crypto volatility.

Source: https://zycrypto.com/defiearns-the-defi-project-aggregator-of-crypto-yield-farming-rates/