You might have some coins on Pancakeswap, and as the Cake has decreased, you have looked for other DeFi protocols and found out that some of them offer more lucrative yield farming rewards. However... How safe are they? These sites could help you:
- https://defisafety.com: while it looks interesting and useful (C.R.E.A.M....), it does not talk about Pancakeswap... nor about Tron Sun Genesis project
- https://cer.live/defi: looks more comprehensive, at least we can find Pancakeswap... but top 10 is only on Ethereum except Binance DEX...
- https://beincrypto.com/defi-pulse-launches-economic-safety-grade-to-rank-risk/: DeFi economic safety grade is clear, but only few are rated
So... how can you combine the good yields of some DeFi protocols with a sufficient safety level?
There is unfortunely no easy answer to that. You have to guestimate yourself. My way: I do not put all my coins in the same protocol, and if I have any doubt, I remove my coins and search for another one... safer.
Furthermore, although we all like non custodial solutions, there are other options like Celsius Network which offers good lending rates without paying gas fees and that is safer than some DeFi protocols. You can lend there BTC, LTC, LINK, BAT... that you can earn by using Brave https://brave.com/fab578.
In summary, make your own choices and diversify your investments... That's the best way to secure your funds and get a good average yield.
