There are different strategies for investing in cryptocurrencies. Investors can get started by spending long-term time in altcoin projects they trust, or by joining trains of assets they think are ready to paddle. However, while DeFis offer different experiences that investors have rediscovered recently, they also attract investors who expect high returns. The most important reason for doing this is; staking and farming. Investors can earn passive income by spending time on DeFi projects while waiting for a cryptocurrency to paddle. In the continuation of the article, we examine 3 DeFi projects with these potentials…
A yield optimizer, Altcoin ETHA Lend
ETHA Lend is a composable yield optimizer launching the Mainnet today (July 15) at Polygon, which ennobles complexity in DeFi to algorithmically deliver optimal throughput. Starting at Polygon is a strategic decision for ETHA Lend to achieve scalability and gas optimization. At the same time, with the transition to the Mainnet, features such as ETHA Smart Wallet, eVaults, ultra-fast (700X) discovery algorithm were made available.
ETHA Smart Wallet also eliminates the need to pay approval or authentication fees when interacting with protocols or dApps that you do not interact with. In this way, users save a significant amount of gas fees. In addition, the protocol’s eVault helps risk-averse users find stability in a volatile and risk-averse market by providing them with comfort.
Released alongside the Mainnet, Curve eVault and QuickSwap eVault are famous for their permanent loss features. These vaults use a hybrid strategy with stable assets (USDT, USDC, DAI) as deposits. With returns, it can be bought in floating assets, including ETH, BTC, and ETHA (the protocol’s native token).
Finally, ETHA Lend’s discovery algorithm can calculate asset allocation for an asset supply as small as 1000 USDT and as large as 1,000,000 USDT in under a second. The protocol’s features are new and capable enough to get expert DeFi traders excited. We will have the chance to observe the real potential of the project in the upcoming period. However, we take the promise from the project’s developer team that efficiency optimization will become much more inclusive and elegant.
It is a yield optimizer with similar functionality to ETHA Lend, powered by BSC at Beefy Finance. The team behind it is passionate about nurturing the DeFi ecosystem while also aiming for investors to get the best returns. Therefore, the choice of BSC is one of the first decisions taken by the altcoin project to achieve its goals. Also, the congestion of Ethereum and the series of extremely expensive gas fees were another reason for choosing BSC and are among the most sensible decisions to be made.
Also, Beefy recently launched SmartCake Vault with a strategy to combine core protocol with significant annual returns. This strategy starts with a set of whitelisted repositories. Users simply need to submit a pool ID and select the next pool for their CAKE token to start working, as it allows for a seamless transition between pools in the selected whitelist.
It then finds the highest APY based on the price of farmed tokens and the reserve of CAKE tokens in these pools. Beefy’s integration with ZAP or Zapper now allows its users to create liquidity pool tokens and deposit them into Beefy vaults in a single transaction. This brings with it the possibility of ultra-fast liquidity APYs for investors with higher return expectations. At the same time, users can achieve time and cost efficiency.
The latest DeFi altcoin project Vesper
Vespers or Vesper Finance is a protocol that believes it should be simple to use, given the current market and the difficulty of DeFi tracking. Vesper represents a revenue generating suite of products focused on optimisation, accessibility and sustainability. The infrastructure of the protocol acts as a DeFi meta-layer routing deposit for the best returns. The “set it and forget it” experience for maximum scalability is an integral part of protocol strategies. Therefore, Vesper’s strategies can be upgraded, modified and connected without straining the end user.
The protocol currently hosts a variety of features, including Vesper Grow Pools, which are algorithmic DeFi lending strategies. These pools collect capital from users and distribute it among a variety of DeFi protocols. Another pool in the protocol, the vVSP pool is a revenue sharing mechanism where users deposit VSPs (the protocol’s governance tokens) and are rewarded with additional VSPs.
Finally, staking is another interesting feature of the protocol, where the revenue generated across the entire ecosystem is then used to repurchase VSP tokens. These tokens are then delivered to the vVSP pool as returns. Users interacting with Vesper’s Staking can also use tokenized VSP shares to vote in the administration of the protocol. As a result, Vesper aims to cover a broad spectrum of the DeFi returns market. The features in the protocol are internally complex but help users achieve sustainable throughput by providing the simplest DeFi experience.
Be successful in making profits in the down market as well
Investors are struggling with “scam” projects that are too much in the market. However, the situation may not be as bad as it seems. Maybe, Cryptocoin. com
As we mentioned , we may be looking at the same patterns that occurred in 2017 and 2018 prior to the massive crypto/DeFi crash. To this end, projects such as ETHA Lend, Beefy Finance and Vesper continue to explore better strategies and mechanisms to drive smart and value-driven returns that are algorithmically driven. Transparency is one of the important features that projects adopt. However, it is always important to do a lot of research and explore the details of the projects before making a choice.