How Yield Farming Projects Stack Up in 2020

Written by noprofile | Published 2020/12/03
Tech Story Tags: cryptocurrency | yield-farming | decentralized-finance | bitcoin | crypto | decentralization | yield-farming-projects | hackernoon-top-story

TLDR The funds locked in decentralized finance exceeded $14.3B as of November 2020, growing more than 20 times in the past year. The potential gains from yield farming highly depend on which protocol you’re choosing. Curve Finance focuses on dollar-pegged coins DAI, USDC, USDT, TUSD, BUSD and sUSD, offering relatively low trading fees. SushiSwap, the Sushi protocol uses MetaMask and WalletConnect to generate liquidity, but the protocol remains highly risky and volatile.via the TL;DR App

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Written by noprofile | This profile doesn't exist.
Published by HackerNoon on 2020/12/03