How to maximize your APR% lending returns with DeFi with this two tools
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Decentralized finance (also known as Decentralized Finance, DeFi) implies the creation of a financial system built on public blockchains.
The peculiarity of decentralized finance is the lack of censorship, both from the point of view of the technology you choose to use and from the regulatory point of view. The creatives and geniuses of our time, the developers, have the opportunity to give free rein to their creativity using open-source technologies, without bureaucracy and resistant to censorship by governments or financial market supervisors. The problem is to agree on which technology to use, the parties that are currently facing are different: those of Bitcoin and the Lightning Network on one side and Ethereum lovers on the other.
Today, however, one of the biggest problems facing decentralized finance on cryptocurrencies is the constant fluctuation of the APR which does not allow an efficient allocation of its tokens. The real gem of decentralized finance is the ability to allocate your tokens to assets that guarantee the best annual APR%. The discussion is similar to what can be done for software or tools capable of rebalancing your crypto wallet based on market fluctuations.
To maximize your APR% lending returns with DeFi you can use these two decentralized finance apps
- https://idle.finance/
Connect your wallet and choose the amount that you want to lend. You will get Idle tokens back which will track the best rate on the market. Your funds will get automatically allocated into multiple protocols to always give you the best available returns. You will immediately start earning compounded interest. Interest rates are constantly monitored to spot the best allocation. Also, thanks to its user-based architecture, the smart contracts do not rely on any specific pair of human hands. Whenever you like, you can withdraw back your funds + earned interest. You can even redeem a fraction of your funds when you reach a desired amount of interest earned.
- https://iearn.finance/
The purpose of iearn.finance is simple. Yield aggregator for lending platforms that rebalances for highest yield during contract interaction.
iearn.finance supports;
$ DAI
$ USDC
$ USDT
$ TUSD
iearn.finance aggregates;
Compound
Fulcrum (disabled)
dydx
aave
DDEX
Simply go to iearn.finance and deposit $ DAI, $ USDC, $ USDT, and / or $ TUSD and start earning interest on your tokens.
Another cool features of iearn.finance is y.curve.fi
The purpose of y.curve.fi is to further increase rewards on iearn.finance tokens.
After you deposit $ DAI into iearn.finance you receive $ yDAI. You can provide $ yDAI as liquidity to y.curve.fi.
Now you can earn trade fees (0.04% per trade) on top of yield rewards.
Simply go to iearn.finance/zap and deposit $ DAI, $ USDC, $ USDT, and / or $ TUSD and start earning interest and fees on your tokens.
Remember! Do your own research and stay safe!