• Sat. May 21st, 2022

These are the ten best yielding agricultural cryptocurrencies

The concept of yield farming is gaining prominence among crypto investors. Yield farming essentially means earning passive interest on crypto holdings. Interest earned is usually more than what one would get on fiat money in a savings account. In yield farming, an investor stakes or lends their crypto assets to earn high returns or rewards in the form of additional cryptocurrency. Such application of crypto assets has resulted in significant growth of the DeFi industry. At present, several crypto coins and tokens are used to yield agriculture. Let’s take a look at the top ten agricultural yielding cryptocurrencies.

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Top ten yield-yielding agricultural cryptocurrencies

We used the market capitalization data as at December 31 of coinmarketcap.com to find the ten best yielding agricultural cryptocurrencies.

  1. Alpha Finance Lab (ALPHA:> $ 311 million)

Launched in 2020, Alpha Finance Lab is a cross-chain DeFi platform that aims to bring ALPHA to users of multiple blockchains, including Ethereum and Binance Smart Chain (BSC). ALPHA holders receive a share of the network fees by throwing away their tokens to cover default loans, if any. The cryptocurrency has fallen over 9% in the past seven days and is currently trading at around $ 0.698. Alpha Finance Lab has an all-time high of $ 2.92 (February 2021) and an all-time low of $ 0.0257 (November 2020).

  1. Mdex (MDX:> $ 315 million)

Launched in January 2021, Mdex is a decentralized AMM exchange protocol that works on the concept of fund pools. Mdex shares some similarities with standard DEXs, but using a dual chain model makes it different from the competition. It has fallen more than 2% in the past seven days and is currently trading at around $ 0.3833. Mdex has an all-time high of $ 10.06 (February 2021) and an all-time low of $ 0.3507 (December 2021).

  1. Synthetix (SNX:> $ 652 million)

Launched in September 2017, Synthetix is ​​a DeFi protocol that provides on-chain exposure to a range of encrypted and unencrypted assets. It mainly tracks and offers returns on the underlying asset without requiring users to directly own the asset. It has fallen more than 6% in the past seven days and is currently trading at around $ 5.70. Synthetix has an all-time high of $ 28.77 (February 2021) and an all-time low of $ 0.03258 (January 2019).

  1. yearn.finance (YFI:> $ 1.13 billion)

Launched in February 2020, yearn.finance is an aggregation service for DeFi investors that uses automation to enable users to maximize the benefits of yield farming. yearn.finance aims to simplify the DeFi space for all types of users. It has fallen more than 1% in the past seven days and is currently trading at around $ 31,466.86. desire.finance has an all-time high of $ 93,435.53 (May 2021) and an all-time low of $ 739.44 (July 2020).

  1. SushiSwap (SUSHI:> $ 1.27 billion)

Launched in September 2020 as a fork of Uniswap, SushiSwap is an Automated Market Maker (AMM) that aims to diversify the AMM market and add new features not present on Uniswap. It has risen over 34% in the past seven days and is currently trading at around $ 9.93. SushiSwap has an all-time high of $ 23.38 (March 2021) and an all-time low of $ 0.4737 (November 2020).

  1. Compound (COMP:> $ 1.3 billion)

Launched in September 2018, Compound allows users to earn interest on their crypto holdings by depositing them into one of the many pools supported by the platform. It has fallen over 9% in the past seven days and is currently trading at around $ 206.31. The compound has an all-time high of $ 911.20 (May 2021) and an all-time low of $ 61.27 (June 2020).

  1. Curve DAO Token (CRV:> $ 2.37 billion)

Launched in January 2020, Curve DAO Token is a decentralized exchange of stable coins. Curve DAO Token uses an AMM model to manage liquidity. It has risen over 4% in the past seven days and is currently trading at around $ 5.49. Curve DAO Token has an all-time high of $ 60.50 (August 2020) and an all-time low of $ 0.3316 (October 2020).

  1. PancakeSwap (CAKE:> $ 3.02 billion)

Launched in September 2020, CrepeSwap is a DeFi app that allows users to trade tokens, provide cash through farming, and earn fees in return. PancakeSwap uses an automated market maker model to allow users to trade against a pool of cash. It has fallen more than 4% in the past seven days and is currently trading at around $ 11.99. PancakeSwap has an all-time high of $ 44.18 (April 2021) and an all-time low of $ 0.0002318 (September 2020).

  1. Aave (AAVE:> $ 3.67 billion)

Launched in November 2017, Aave is a DeFi protocol that allows people to lend and borrow crypto. Investors earn interest by depositing digital assets into specially created cash pools. It has risen over 6% in the past seven days and is currently trading at around $ 271.24. Aave has an all-time high of $ 666.86 (May 2021).

  1. Uniswap (UNI:> $ 11.59 billion)

Launched in November 2018, Uniswap is a decentralized trading protocol which is popular for facilitating the automated trading of Challenge tokens. Uniswap aims to automate token trading and keep it completely open to anyone who holds tokens. It has risen more than 2% in the past seven days and is currently trading at around $ 18.43. Uniswap has an all-time high of $ 44.97 (May 2021) and an all-time low of $ 0.419 (September 2020).


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