Yield farming is a common practice in the DeFi sector used to maximize yield. It can be used to earn crypto. A yield farmer can employ numerous tactics to maximize output. For example, they can switch between coins and multiple platforms to maximize their profits. While there are numerous yield farming platforms, there are also those that stand out from the crowd. Two good examples are Apeswap and Lido Staked ETH.
Lido Staked ETH is a staked asset on the Lido protocol. Lido is a blockchain-based platform that provides liquidity for staked assets. It offers Ethereum staking facilities on multiple networks, including an Ethereum 2.0 staking solution. It currently includes Ethereum 2.0 and the Terra Network. Aave and Solana are planned to be added in the future.
Lido is designed as a non-custodial service where users can enjoy the smooth ETH staking capabilities. In return for staking ETH, users receive staked ETH (stETH). You can use stETH within Lido, including numerous DeFi platforms. With Lido, holders of small ETH deposits can earn rewards with no minimum bet limit. The Lido staking app, Lido DAO and native LDO token provide a solution to stake ETH and earn rewards. Their goal is to decentralize all ETH staking services.
Another impressive yield farming platform is Apeswap. It was designed and built as an automated market maker supporting staking and yield farming on BNB Chain, Ethereum and Polygon. Since its launch in 2021, it has grown to become one of the leading DeFi protocols.
The ApeSwap DAO oversees the entire platform, ensuring that the community can vote on future projects. It started life as a fork of PancakeSwap. Today it retains most of the usability of that protocol. As a DeFi protocol, anyone can become part of the financial world secured by the blockchain.
While it started on the BNB chain, it is now fully integrated with Ethereum and Polygon. The result is that users can benefit from the speed, security and low transaction fees on Polygon. For small retail investors, ApeSwap makes more sense.
The ApeSwap protocol has two native tokens called BANANA and GNANA. The BANANA tokens are used to stimulate liquidity. Users can stake, pool and earn BANANA with some impressive APY.$GNANA tokens. They give the community a voice in all future developments. GNANA owners also benefit from exclusive pools and passive farming.
Oryen Network Impressive Yields
ApeSwap and Lido Staked ETH are great staking platforms for retail investors. However, Oryen network is even better. While BANANA and stETH offer great APY that can reach up to 600%, they are always in flux. As a result, they can drop to as little as 1%. This will never be a problem with Oryen Network’s ORY tokens. Developers of the staking platform designed it with a fixed APY of 90%. This is the highest sustained fixed APY in the DeFi sector.
summary
Experts studying the DeFi world are predicting big things for the Oryen protocol. Based on what the ORY tokens have achieved so far, they might be most successful project of this season. Those who hold enough ORY tokens will benefit significantly when the launch happens.
For more informations:-
Participate in the pre-sale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
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