Sirwin
Sirwin

Defi Llama - Yield Farmer's Best Friend

By Hilteezy | Crypto Shorts | 18 Jan 2022


One of the most difficult parts of staying abreast with the latest developments in the space, involves knowing where the best farms are. It really all boils down to information, the most golden treasure of all, it is important to take note of which blockchains have the most TVL (Total Value Locked) and especially when a chain’s TVL suddenly shoots up. Perhaps the market knows something you don’t? 

 

I would like to introduce you to Defi Llama

cbf3e5aa8f7839d003fb13f15f8d68fd9ac052d564d69efec7a4e57caed41da9.png

It is one of the best sources for information on TVL (Total Value Locked) for Decentralised Finance (DeFi). According to their website, they track over 800 DeFi protocols curated from 80 unique blockchains. They also have “DefiLlama NFT” where you are able to view such information as:

  • Daily Volume
  • Total Volume
  • Floor Price
  • Owners

 

Essentially, it will show you the same information as Opensea would but they track NFTs on:

  • Ethereum
  • Solana
  • ImmutableX
  • BSC
  • Terra
  • Avalanche
  • Arbitrum
  • Cardano

 

The value of this website should already be apparent, to have such amazing free data and analytics at your fingertips is incredible. Especially if you are looking for new projects or if you are a true degen, then you will be chasing those high % APR/APYs.

 

Even if you are chasing those coveted airdrops, this is a great place to go! Of course, it should be noted that the projects below are not guaranteeing that there will be an airdrop for using their projects or bridging, etc. We can however remain hopeful.

425ccf941093ed2821bde2bc3696b93eb6b31d8ea93d9ac0fda6a225be1c4e73.png

I personally love to sift through all the information.. As I had noted above, currently, one of the plays to make is to constantly rotate between the new chains. Why this may be successful for some people is that they are able to quickly deploy to new chains and farm up tokens before more TVL comes in. Then they are able to make massive profits and quickly exit the chain and onto the next. Rinse and repeat.   

 

This is just a quick look at Defi Llama, I encourage you to go to the website and have a look around. I personally have this bookmarked and check it daily! I really hope that this helps you guys to make informed decisions and to help make sure you are finding the best of farms.

                              



How do you rate this article?

6


Hilteezy
Hilteezy

Defi Enthusiast. Love to share interesting information I find.


Crypto Shorts
Crypto Shorts

Quick easy reads on some developments, projects, news or coins in the cryptocurrency sphere.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.