1. OKX: Current Best Crypto Yield Farming Platform
OKX is our best choice for the excellent Defi yield farming cryptocurrency platform. Despite being primarily recognized for its inexpensive spot trading platform, OKX provides a whole crypto environment. This hardly includes interest and staking accounts but also a full-fledged yield farming division.
OKX provides a selection of yield farming pairings, all of which comprise Ethereum, in collaboration with SushiSwap. This contains wrapped bitcoin, sushi, tether, dai, and USD coins. The average annual percentage yield (APY) on USDT/ETH and SUSHI/ETH, according to OKX, is 7.78% and 6.52%, accordingly. Results will fluctuate just like any yield farming platform, though.
Estimated yields for USDC/ETH and DAI/ETH are 4.31% and 4.81%, accordingly, while WBTC/ETH yields are only 0.55%. But most importantly, most yield farming pools run by OKX seem to be accessible on such a flexible schedule. Thus, there is currently no lock-up time as a result. Therefore, investors have the flexibility to take their tokens out of the yield farming pool whenever they choose.
Investors may want to consider using the staking option at OKX in contrast to yield Farming. The approach shouldn’t need investors to supply liquidity for something like a trading pair, and it does offer the possibility of creating passive income on dormant cryptocurrency tokens. Furthermore, every staking agreement needs one token.
In conclusion, OKX is a fantastic yield farming platform that would enable users to earn crypto in 2022.
Services for Yields: Interest accounts, yield staking, and Farming
Supported Coins: Multiple blockchains are supported, including SOL, ETH, and BTC.
Rates on Farming: With a yield of up to 6.52% APY
Pros
- Overall most excellent cryptocurrency farming platform
- supports interest accounts, staking, and yield farming
- Comparable APIs
- Farming pools with variable yields
- Support for several blockchain networks
- Access the top alternative currencies on 600+ markets
- high standing in the crypto world
Cons
- During yield farming, ETH-based currencies are accessible.
Cryptocurrency assets are very risky investment commodities. Your money is in danger.
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- Source: https://www.cryptocointrade.com/crypto-trading-blog/top-8-defi-yield-farming-platforms-for-2022/
