Today I am glad to present another review conducted by me. Go to our site to learn how to use Q DeFi Rating risk-scoring algorithms to help you earn more! Go to our YouTube channel to watch useful tutorials and cool interviews.
If you want your smart contract to be audited or to create your own DeFi project, go to our site and we’ll help you with the best test on the market.
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.
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 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 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).
Thanks for devoting your time to our article!
The article is written by Vlad Korenyugin and Mr. Anton Dziatkovskiy, the co-founder and CEO of Platinum Software Development Company.
Go to QDEFIRATING.com to keep up with the latest news in the crypto sphere and learn which on-chain assets are best to use as collateral for any given blockchain.
Welcome to our YouTube channel, a place where you can find lots of useful videos about the most promising DeFi projects.
Get an audit for your smart contract or create a vastly developed DeFi project with the help of the highly skilled Platinum Software Development team!
Click here to start your free conversation with our developers.