The Highest Yield DeFi Projects

Have you heard that DeFi tokens right now should be perceived the same way Bitcoin was in 2013? Decentralized finance (DeFi) has been rising as a major trend in the cryptocurrency market. People who are involved in the field describe DeFi projects as “Money Legos.” They are called “Money Legos” because they have vast potential for building financial infrastructure.

The crypto market has seen thousands of applications developed for trading digital assets and issuing crypto loans. In 2021, the hottest trending services are connected to the so-called “yield farming” which is also referred to as liquidity mining. This is different from regular mining since it doesn’t require any equipment or software. Investors simply hold certain cryptocurrencies receiving rewards for adding to the liquidity pool.

These currencies sometimes promise thousands of dollars in annual profitability for just making a deposit, but some of them, unfortunately, fail their users’ trust right on the launch day. Such cases make you think: “How do I choose the right token that has a good reputation and high return?”. Before deciding that, it’s important to do thorough research and gain an understanding of how the DeFi and yield farming work.

What Is APY?

Well, there is a term called APY (Annual Percentage Yield). APY refers to the real rate of return earned on a savings account or investment, adjusted for the effect of compounding.

Here’s a compilation of DeFi tokens with the highest APY which have created new opportunities for investors who are in search of deep liquidity, better risk-reward ratios as well as interesting and affordable modern financial instruments.

Nominex exchange token (NMX) is up 4,000% in 3 months due to the liquidity mining, infinite referrals and more bonuses the platform has to offer. APY (weekly reinvestment) currently equals 676%, which is a jackpot for yield farming.

Nominex has allocated an enormous sum of 193 million NMX tokens for its liquidity farming program. However, users don’t need to worry about hyperinflation since these rewards will be spread across a period of 72 years. This potentially means a lifetime of staking for those who join early.

Right now, Nominex distributes around 8,000 NMX a day from the main reward pool and 1/5 of that number (1,600 NMX) as bonuses. The versatile system of farming bonuses is actually the most interesting and innovative part of their liquidity mining program. 

Binance

Last year, Binance exchange offered 1200% yield for cryptocurrency investment. Site users could deposit BNB, BUSD, APRA, and ONT coins to receive payments in WING tokens. This was probably the reason for the ONT price rising the following day showing an increase of 7.5% over 24 hours. The price reached $0.87 as users were buying the asset to participate in the program.

This high-yield offer was unique in its kind. Other cryptocurrencies usually display profitability ranges from 32% to 75%. For instance, in the recent Binance Staking activity users stake their RAMP and AUCTION to earn up to 32.79% APY in 15 – 90 days, which is typical for the market but it doesn’t look as lavish as 1200%.

Uniswap

Sushiswap’s creator, who is called Chef Nomi, prioritizes the community and his entire platform is governed by the people involved in contrast to other similar projects. Because of this, users are provided with better incentives and higher rebates. However, it’s important to note that this platform has not been audited properly and many investors are hesitant to trust it just yet.

Decentralised Finance (DeFi) has been the fastest-growing industry in the cryptocurrency market over the past year. At the time of writing, DeFi has more than $13 billion invested by its users. New protocols continue to appear almost daily, and regulated American and European venture funds are actively investing in them.

The former Messari executive Qiao Wang claimed that the purchase of DeFi tokens is “an investment opportunity for a decade”. Like many cryptanalysts, he is sure there are plenty of reasons to invest in DeFi tokens, and we can’t but agree such a chance should not be missed.