Having good returns on DeFi is not a myth. But, very often, the high rates of return hide a misery (an upcoming scam, a useless token, a weak protocol, etc.). But, the real problem is the instability of rates of return.
Indeed, yields always fluctuate. One day, a protocol might offer you 800% APY (ha… You're probably sighing at Wonderland ), then the next day it could plummet to 20%. It's even worse for yield farming.
It is precisely this constant fluctuation in APR and APY rates that draws some people to this activity. It's impossible to reasonably predict or estimate earnings when APY rates are falling so rapidly.
So you have to be as fast as a hare, it's the only option to really generate real yields with Farming.
Surely, just like many casual farmers, you must have spent hours looking for the best yields, right?
Do you follow farmers on social networks hoping that they will give you the latest tips?
In general, and you know it, it's already too late...
And, if we are writing this article to you, it is not to break your morale. On the contrary, it is to show you two tools that break the house:
1/ CoinDix : The ideal tool to know all the updated rates of return on DeFi
CoinDix is the site we all look for when doing DeFi and when looking for returns on DeFi. The site lists all rates in one single platform. We can then, thanks to a clear and intuitive interface, see the rates for each network, pool, crypto.
CoinDix maintains over 8000 vaults, 41 protocols and over 22 networks. Yes, almost all networks are represented.
We thus quickly have a detailed overview of the evolution of the APY Rates and also the TVL over time. A fabulous tool.
You can even create alerts on specific protocols. This is clearly the expected functionality, especially to check changes inAPY.
CoinDIX is a tool you should definitely add to your DeFi investor toolbox.
2/ Decent Yields: Know the most “correct” yields
Personally, the DecentYields site is a little less well done. Only, we can understand the site is still very new. The site was also developed by the company CoinGecko, one of the most used directories in the cryptosphere.
As the title of the site indicates, it is DecentYields, so we find the most reasonable APY rates and the healthiest protocols in DeFi.
- Discover Decent Yields
Okay, as you know, yield farming can be a Ponzi scheme in many cases. Always do your own research. Don't just chase yield; pay attention to profit. Nevertheless, sometimes, yield rates in DeFi can be very lucrative if you do things correctly.
There you go, I hope this has been useful to you just as these sites are to us.
An article that might interest you:
Where do APY rates in DeFi come from?
Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
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