Comparing Rari, Harvest Finance and APY Finance: functionality, number of pools and the amount of funds locked up

Comparing Rari, Harvest Finance and APY Finance: functionality, number of pools and the amount of funds locked up


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Speaking of the number of funds locked up in smart contracts, out of each of these platforms, Harvest Finance takes first place. There is almost 500 million dollars worth of crypto assets, of which Rari has 65 million and APY Finance has 17 million.

APY Finance

Only stablecoin deposits are available on the APY Finance platform. It is interesting to note that the most popular currency is USDT Tether. The platform does not disclose the details of the earnings strategy but mentions which platforms are used to generate profits. At the moment, these are the Compound and Curve Finance projects. The company is planning to add strategies that use quick loans on the dYdX platform as well as to master new pools on the Curve, DODO and Balancer platforms.

Harvest Finance

Harvest Finance uses Uniswap pools as well as Compound and Curve liquidity pools. There is also the possibility of staking the LP tokens of Uniswap pools, which is quite popular among users, though you need to take into account the risks since the user does not deposit funds in stablecoins.

Rari 

Rari launched 3 pools on its platform for depositing funds. Each pool has its own trading strategy, which is not disclosed in detail to users. Despite this, there are projects that Rari uses to make money. Funds from Ether are directed to Compound, dYdX, Aave and KeeperDAO platforms. The Stable pool uses mStable, 0x, Aave, Compound, dYdX, and Synthetix. Rari Yield Pool Token uses the same projects as well as Yearn Finance. Deposits are available in any cryptocurrency, which is instantly swapped for the pool's native coin and all withdrawals can be made in hard currency (stablecoins).

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The article is written by Vlad Korenyugin and Mr. Anton Dziatkovskiy, the co-founder and CEO of Platinum Software Development Company.

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Anton Dzyatkovskii
Anton Dzyatkovskii

I am the blockchain leader, cryptographer. Co-Founder and CEO at Platinum Q DAO Engineering (www.platinum.fund). I am a passionate entrepreneur and a skilled negotiator.


antondzyatkovskii
antondzyatkovskii

Anton Dzyatkovskii is the blockchain architect lead. He is a passionate entrepreneur and a skilled negotiator. He is a hardworking business leader with more than 13 years of experience in different positions within the FinTech, Retail, and E-Commerce sectors. He is also experienced in expanding financial businesses to totally new markets.

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