There are many ways to make money in the crypto industry. While buying crypto assets and holding them for capital growth is the most common, it is in fact possible to get very good annual returns from staking and yield farming. Here’s why yield farming makes sense:
It helps to keep your capital for a longer period of time.
You can earn returns as your crypto assets increase in value.
Yield farming is available in almost every blockchain out there.
That said, if you’re looking for some decent yield farming options, we’ve got a list below that might be perfect for this:
Uni swap (UNI)
Uniswap (UNI) is the largest decentralized exchange in the Ethereum chain. It requires a lot of liquidity and as such, users can stake their crypto assets and earn returns from these liquidity pools.
Data source: Tradingview
The beauty of Uniswap is that it offers the best return of any stock and yield farming program. We are talking about annual returns between 20 and 50%.
Pancake Swap (CAKE)
PancakeSwap (CAKE) has also done a very good job of providing decentralized exchange services using liquidity pools. It’s more or less like Uniswap. But the returns are just crazy. Users can earn between 8% and even 250% for wagered assets. The reach is undoubtedly huge, but even 8% per year isn’t that bad.
Cranos (CRO) was formerly known as Crypto.com. It is one of the major crypto exchange platforms in the world, with trading volumes in the billions of dollars. However, the change to Cranos reflects the direction Crypto.com wants to take.
In a nutshell, the goal is to bring more DeFi features into its ecosystem. But in case you want to earn a decent and long-term income here, the agricultural staking and yielding program is quite impressive. Users can earn up to 15% in revenue every year.