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Top 5 Ethereum platforms for making money on Yield farming

Top 5 Ethereum platforms for making money on Yield farming

Top 5 Ethereum platforms for making money on Yield farming

Recently, profitable farming has become very popular. Therefore, today we have created for you a list of the top 5 Ethereum protocols for Yield farming.

What is profitable farming?

Yield farming, income farming, or simply farming is the process of organizing passive income by providing DeFi startups with collateral in the form of their own assets. (If you are interested in the topic of blockchain, you can also read our article- Films about Blockchain. )

 

Top 5 Ethereum Platforms for Yield farming

Among all the offers for profitable farmers in the market of decentralized finance, there are leaders – platforms whose users have access to the best conditions for earning money on investments in protocols.

 

Aave

The open-source DeFi protocol Aave specializes in lending and borrowing assets. The platform supports many popular cryptocurrencies and stable coins.

Top 5 Ethereum platforms for making money on Yield farming

Unfortunately, the platform has not been translated into Russian. Despite this, it is not difficult to use it even without knowledge of the language.

 

Uniswap

Uniswap is a decentralized protocol with which you can earn money by providing liquidity to pools. In other words, the platform pays users who block their assets for the needs of the protocol. 

A liquidity pool is a certain number of coins locked in smart contracts (an algorithm that monitors compliance with conditions and allows you to automate processes).

Top 5 Ethereum platforms for making money on Yield farming

The greater the share of a user’s assets in a certain pool– the higher his income. There are no restrictions for investors on Uniswap. At the same time, you can supply liquidity to any pools of interest and transfer money between them, in search of better conditions.

 

For blocking funds, users receive pool tokens that confirm their investments. These coins, as stated on Uniswap, “automatically earn a commission in proportion to your share.”

 

SushiSwap

The SushiSwap platform is a fork of Uniswap. Within the walls of the platform, you can earn money by providing liquidity pools and loans.

Top 5 Ethereum platforms for making money on Yield farming

Curve

Curve is a fully decentralized liquidity pool, tailored for trading stable coins. 

Top 5 Ethereum platforms for making money on Yield farming

To earn money on Curve, you need to deposit funds into liquidity pools. Every time one of the users makes a transaction with assets, the system transfers a reward to the investor.

 

Yearn Finance

The DeFi-protocol of Yearn Finance is aimed at beginners. 

Top 5 Ethereum platforms for making money on Yield farming

Yearn Finance can automatically select the most favorable offers for earning money on farming. In return for providing assets, the user receives payments.

 

Results

In the DeFi market, investors can find many offers for organizing passive income. At the same time, market participants can simultaneously work on several platforms.

 

To get maximum income, you need to regularly analyze the offers of DeFi protocols and move assets to more profitable sites in a timely manner.

 

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