The decentralized finance (DeFi) sector of the crypto industry has seen possibly the most progress in 2021, with the launch of a series of innovative platforms and protocols that help users avoid the need to rely on centralized financial infrastructure. Here is the view of three new leading platforms exposing the wider potential of cryptocurrencies.
Yield farming. Indeed, there are now billions of dollars worth of digital assets locked up in yield farm platforms in 2021, generating a solid return for investors. While many yield farms are hard to interact with, as they only support relatively rare digital assets or liquidity provider (LP) tokens, YeFi is much more user-friendly.
YeFi is a platform that makes it easy for users to generate a passive income on their digital assets by staking them on its decentralized application (dApp). The platform currently supports a wide variety of assets, including ETH, BNB, BTC, and USDT. But users can boost their rewards by 1.5x by staking decentralized file storage coins like FIL, or up to 2x by staking YeFi’s native asset — YEFI.
YeFi is providing a reliable source of yield by allowing users to stake native assets instead of LP tokens, which helps users to avoid the risk of impermanent losses.
Unlike usual yield farms, the platform is cross-chain compatible with both YottaChain and Binance Smart Chain, with soon plans to support additional chains.
Moreover, YeFi plans to launch a variety of DeFi products in the coming months, such as a decentralized lending/borrowing service and a full decentralized exchange.
Due to all of this, YeFi has a good chance to become one of the leading blockchain-agostic DeFi ecosystems.
Popcorn is an automated yield generation protocol that allows users to put their idle funds to work through a series of automated yield-bearing systems. The platform uses a chunk of its fees to fund organizations working to improve our world in such fields as renewable energy research, forest conservation efforts, or public awareness organizations.
The platform will automatically direct user funds to the most profitable investment and trading opportunities using a variety of carefully designed investment models. Meanwhile, Popcorn mitigates the carbon impact of its operations by partnering with carbon sequestration and offsetting organizations.
Simply put, Popcorn allows you to earn money while helping to save the world.
Decentralized trading platforms, like Uniswap and PancakeSwap, have skyrocketed in popularity this year, by providing CEX-like speeds and features and breaking down accessibility barriers. But such derivatives trading platforms didn’t quite reach the same degree of usability and popularity as Premia.
Premia is a decentralized options minting and trading protocol that probably exceeds the capabilities of the most popular centralized options exchanges. Its primary feature is an intuitive decentralized trading platform that allows users to trade options for a variety of digital assets, including Chainlink (LINK), Wrapped ETH (wETH), and Wrapped Bitcoin (wBTC).
The platform stands out through its options underwriting feature, which allows users to underwrite a range of options to earn a yield on their investment. Premia is a completely permissionless protocol that allows any user around the world to generate a passive income without worrying about regional restrictions.
Helping users trade on various DeFi assets, hedge their risks, earn a yield on their assets and protect against market volatility, Premia stands out as a much proficient platform for newcomer and advanced traders.