Yield farming options compared

In this post, Inal Kardanov, Waves development advocate, offers a comparative table of most popular yield farming options.

Over the past year, yield farming has become a hot topic, introducing many new users to decentralized finance (DeFi) and offering them new earning options.

During a recent YouTube stream, me and a few colleagues and experts discussed various aspects of yield farming. Now, it’s time to share our findings with you in the form of a comparative table, featuring information on yield farming options in various blockchains, including Waves, Binance Smart Chain and Curve.

What is yield farming?

Yield farming is the practice of staking or lending crypto assets in order to generate high returns or rewards in the form of additional cryptocurrency.

Yield farming was originally introduced in Ethereum apps. One of the first and most popular apps offering yield farming is Uniswap. Over the past year, the number of farming options has seen a many-fold increase. Our livestream discussion mostly focused on the best known solutions, such as SushiSwap and Curve on Ethereum, PancakeSwap on Binance Smart Chain и Swop.fi on Waves.

The comparative table features the most vital metrics.

Yield farming comparison table

\* — no impermanent loss in pools with same pegged assets and stable prices.

\** — will be implemented in the future, not available yet.

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