This is the ultimate guide to making money in DeFi to maximize your wealth, but the premise is that you need to hold $ETH.
Here are some tips for lazy people and where to get free $ETH:
• Choose a quality protocol that has been audited multiple times.
• Allocate a portion of your portfolio to agriculture
• Distribute funds evenly between protocols
• Choose single or stable pools to avoid IL
• Manage positions at least a few times a month to maximize returns
• The real game changer is perfect farming
Note: In this topic guide, I will explain DeFi farming strategies in simple terms so that anyone can grasp and put them into practice.
Another thing to note is that the DeFi farming mining strategy is best used with assets you hold for a long time, as there may be some potential risk of impermanent loss during the period!
Let’s first talk about the most robust agricultural mining strategy, which is to put your $ETH or stablecoin in the stable pool or separate pool of the head protocol.
In the current market, I think it's better to aim for a smaller but guaranteed yield that doesn't shrink your portfolio.
If the market grows, your ETH will also increase.
When looking for the top high APY protocols, you can use the DefiLlama platform to find:
• Select the token you are interested in
• Select which chain you need
• Customize properties to your liking
Personally, I choose the option with no permanent loss.
About protocol sorting
Just pay attention to TVL and look for high-quality platforms with real returns.
This minimizes risk.
Also, pay attention to the current APY and the 30-day average APY to get an average yield expectation.
Eigenlayer Protocol
It has been noticed that multiple on-chain whales have staked tokens such as stETH, rETH and cbETH into the pool. After the staking limit was lifted yesterday, a large amount of funds were deposited again.
I believe this will not happen for no reason. If you hold ETH for a long time, I suggest you pledge some here because there is a high probability that there will be good airdrop rewards in the future.
LidoFinance Protocol
However, you need to exchange your ETH for stETH and stake ETH from the LidoFinance protocol.
Simply connect your wallet and send your ETH to stake.
In return, you will receive $stETH including 4% APR earnings.
1 ETH = 1 stETH
Pendle_fi protocol
If you are optimistic about the future of $PENDLE, you can use it as your main accumulation, and there are multiple pools available for mining.
The current liquidity pool $wstETH APY is ~10%.
In the Arbitrum mining pool, there is an option to put in $ETH immediately, the swap to wstETH will happen automatically and the reward is in $PENDLE.
Pendle_fi + Penpiexyz_io
Liquidity Pool $USDT Stargate:
Put USDT into Pendle Pool, then bring Pendle LT tokens to Penpie in the Stargate USDT Pool.
The current APY is approximately 12%, and rewards are $PENDLE, $PNP, and $STG.
Arbitrum chains can also be used.
Sell $PNP in exchange for $PENDLE. Relatively speaking, $PENDLE has a more promising future.
$STG can be staked and held until the $ZRO (LayerZero) airdrop starts. I believe the launch of ZRO can be a catalyst for Stargate.
If STG goes up, you can plan to exchange it for PENDLE.
StargateFinance Protocol
Mining with USDC is possible here to get potential airdrops.
$USDC accumulates $STG in Arbitrum ~3.7% APY
$USDC accumulates $OPT in Optimism ~3.8% APY
Most stablecoins offer 3-5% APR as well as $ETH, with options available across the entire chain.
Instadapp Protocol
$ETH has an annual interest rate of 6.26%, and you can use $stETH (double income).
Rocket_Pool Protocol
You can get 4.13~7.72% APR, and the collateral $rETH you get is also LSD.
AaveAave Protocol
1.5% APY for $ETH, ~3% APY for stablecoins + ability to borrow funds quickly, full chain to choose from.
You can use Arbitrum or Optimism to avoid paying too high gas fees.
Also keep in mind that DeFi farming cannot be guaranteed to be 100% safe, so do not use all your deposits to participate.
I hope this topic is helpful to you. 🙏Thank you for your likes and support👍