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Yield farming is less popular with investors. What is the cause – Siam Blockchain

Yield farming seems to have become less popular recently. After a few months, it became a very popular coin for farming with high yields. has lost significant value. As a result, investors are no longer interested. Including coins like UNI, SNX, COMP, BAL and YFI.

Let’s see what happened to these coins.

Uniswap is considered one of the most popular coins in the DeFi industry and is a well-known cryptocurrency among investors. from a regular coin also on the decentralized trading platform Uniswap, which in August The coin has lost 37% of its value in less than two months. It is currently trading at $4.29 and has a market cap of over $2.44 billion.

Synthetix is ​​a decentralized, lockchain-based liquidity allocation protocol. It has its own coin, SNX, whose price fell sharply in July. This caused the price of the coin to fall by approximately 39% and the price is now at $1,969, giving it a market value of $534.9 million.

Compound is a DeFi protocol where users can earn interest by depositing cryptocurrencies. And in July, the COMP coin lost about 53% of its value since mid-July. It is currently trading at $40.54 and has a market cap of $317.9 million.

Balancer is an automated market maker (AMM) based on the Ethereum blockchain that allows users to earn money by donating BAL coins to liquidity pools. And the coin plunged 60% last April. The price of the coin is currently $3,105 and the market cap is $163.9 million.

Sehnsucht.Finanzen It is a service that brings together DeFi investors through an automated system to maximize investment profits through yield farming. But in March, the board token YFI lost about 55% of its value, and now the coin is trading at $5,199 and has a market cap of $172.1 million.

Source: CoinEdition

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