Only 327 Protocols Offer Annualized Yields Of Over 5% According To Crypto Expert Analysis

On Twitter, a cryptocurrency specialist known as HanSolar.eth evaluated data on the safety, profitability, and sustainability of 5,510 yield farming protocols (liquidity pools) across all major smart contract platforms.

According to a thread provided by HanSolar.eth on Twitter yesterday, on October 28, 2022, he scanned hundreds of protocols built for yield farming using ML instruments and big data analytics tools. The data was obtained using the API of the top-tier DeFi tracker DefiLlama.

He opted to experiment with a hypothetical $100,000 deposit: as such, only viable pools with over $400,000 in total value locked (TVL) were included in the investigation. Out of the initial pool of 5,510 procedures, only 327 were certain and gave yearly returns of over 5%. Only 130 protocols were of gave sufficient size for injecting $100,000 in equivalent right now.

The bulk of attractive chances for HanSolar.eth run on top of the Ethereum (ETH) blockchain: Badger DAO, SushiSwap, Angle, and Goldfinch protocols; while on Ethereum’s L2, Optimism alternatives with the LYRA token also appeared great to him. Meanwhile, the on-chain derivatives platform GMX was recognized by the expert as the top pick: both Arbitrum– and Avalanche-based pools of GMX are offering 15-20% on the GLP token.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News