Category Archives: Decentralized Liquidity

6 Most Profitable Yield Farming Platforms – Blockchain Cryptocurrencies

6 Most Profitable Yield Farming Platforms – Blockchain Cryptocurrencies

The latest craze in the finance world is undoubtedly cryptocurrency. The monstrous growth of Ethereum and Bitcoin assets over the past year has become the only shining light in what the Queen would have already (but understandably) written off as an ‘Annus horribilis.’ 

The doubters have become blind believers. And even newbies with no idea of what tokens are, assert to their friends and families that cryptocurrency is everybody’s path to financial freedom. 

Of course, while they might be right that the future is here, the end to that story is predictable by now. If these people don’t find the true source of the crypto heat – yield farming – it will be another sad tale of falling victim to the numerous get-rich-quick schemes out there. 

Indeed, yield farming is one of the few channels that offer the window of opportunity for investment in crypto in the craziest of ways. Either by lending or borrowing, many people have figured out ways to take advantage of yield farming. On that note, here are the six farms that currently yield the most:

Compound

One doesn’t rant about yield farming post-lockdown without paying tribute to the legendary DeFi Comp tokens. Since her debut on June  15, 2020, the value of the tokens has risen as high as $200, shocking Compound’s team and investors, and that momentum is not looking like it will run out of steam anytime soon.

The Compound protocol banked on creating activity on the platform by just giving away the tokens daily, and the world responded. After all, who wouldn’t develop an interest in a deposit that yields benefits even if you were the one taking the loan? What’s better? You can stack the yields by lending out what you borrowed from what you had initially lent out, all to multiply your yield — a true game-changer in the world of ‘Compound’ interests.

Visit compund.finance website here

Universal Liquidity Union (ULU)

The bridge to every coin visit here

Binance

Unlike Compound, Binance is a crypto margin lending platform. That means it serves as the emergency reserve for traders looking to open leverage positions that will require more capital than they can afford at the time. Binance offers people with idle cryptos the option of giving out loans at ‘meh’ interest rates (around 0.83% for ETH).

Margin lending is a volatile business since the yield fluctuates based on the demand and supply of the loans. Then again, which part of cryptocurrency isn’t watery?

BlockFi

If you’re looking for a more profitable yield farming platform than Binance, then BlockFi is the fastest solution. Simply put, BlockFi offers 4.5% interest rates for ETH loans (where Binance offers 0.83%) and 6% for BTC (where Binance offers 0.75%). The only minor drawback is that BlockFi is a lot stricter than their counterparts, requiring KYC validation, among other certifications that can be such a hassle. Get through all that, though, and you get better deals.

NEXO

Another alternative to margin lending platforms is NEXO, which uses a centralized lending system. The centralized nature of the loan origination makes the interest rates more stable since the stability puts the interest rates out of the hands of market forces and under the control of the system. For the lenders and users, that’s great news as it affords greater interest rates.

COSMOS (ATOM)

People more adept with the nature of cryptocurrencies can venture into the world of stakable currencies. The deal is that by helping a blockchain to stay secure (or by ‘staking’), you get rewards. COSMOS is one of the big boys in that world, and the platform has amassed a serious following in the past year, with its 8.3% interest rate drawing people in by the minute.

Synthetix

Compound might be the hottest player in the DeFi Universe right now, but it all began with Synthetix. Right now, Synthetix accounts for more than one billion dollars locked away in their crypto vault. Staking a blockchain is a way of earning greater investments in currencies with potential, and thus, requires absolute caution. but the 53.79% interest rate that Synthetix promises has made millions of people throw their caution to the wind.

So, there they are, the biggest yield farms waiting for you to sow your financial seeds. The probability of success and failure is as predictable as the number of times you’ll blink tomorrow, but what’s life without a little risk?

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What is Katalyst by Kyber Network | Protocol Upgrade & New Token Model

What is Katalyst by Kyber Network | Protocol Upgrade & New Token Model

Welcome to this crypto and blockchain video posted by DeFi Dude. In this video you learn about Kyber Network and the Katalyst protocol upgrade and new token model being released in 2020.

Kyber Network

Many people have been showing an increased interest in the blockchain project known as Kyber Network. Here we will be doing a brief overview of the Katalyst protocol upgrade to the Kyber Network.

If you don't already know what the Kyber Network is we have shared a few video reviews of Kyber Network which do a really good job at explaining the platform. In summary the Kyber Network is a liquidity protocol designed to have a lot of assets on standby ready to be used in conjunction with a decentralized application or decentralized exchange.

Katalyst

Katalyst Protocol Upgrade for Kyber Network

Katalyst is changing many things to do with how the Kyber Network works. In the new system 'reserve managers' are going to be paying no fee and instead they will be receiving rebates. These rebates will be a percent of the network fee that's going to be sent directly to those who are providing liquidity. This in-turn incentives liquidity. The previous/current model did not incentivize liquidity because the reserve managers actually paid to provide the liquidity. Which greatly cut into profits for the participants of the network.

Why is more liquidity good?

You want to provide more liquidity because more liquidity means less slippage, more competitiveness, bringing more users, which creates a better ecosystem, that generates more fees generated from higher transaction volume.

Katalyst Upgrade KNC

Dapp integrations and new fee model

In the previous/current model 30% of fees are given to the decentralized application integrators. Once the Katalyst upgrade has been implemented into Kyber Network the new protocol will allow for dapp integrators to set their own fees. The fee percentage will no longer be set in stone in the smart contract and will be a variable that the dapp integrators can play with on top of the base rate.

How do KNC holders benefit from Katalyst upgrade

KNC holders are going to benefit from this upgrade because they are the one's who will be doing the voting in the KyberDAO. Katalyst revolves around the KyberDAO a decentralized autonomous organization in which a group of governors can vote on various things to do with the network and protocol.

KNC holders stake their KNC tokens in the KyberDAO and get a voting weight based on their staked holdings. The weight is how much power or say you have on whatever you are voting for. An example is if you have 20 KNC and the total supply was say 200, you have 10% weight and you are voting for 10% of the entire network. You can vote on things such as fee governance.

Katalyst rewards - Burn vs Inflation

Through Kyber Network transactions the fees are dispersed back to the KNC holders as per the weightings of staked tokens and at the same time a percentage of tokens are burned from the total supply. Because the tokens are burned there are less in circulation which makes the remainder of the tokens more valuable.

Katalyst Flow

Other staking platforms do not burn tokens but release more tokens into the supply which creates inflation. This is still a reward and you are receiving more tokens, but inflation makes the circulating supply increase which intern decreases the value of the existing tokens.

With Kyber Network there is no inflation, the network is sustained just on the network fees generated. It is actually a deflationary supply. With the Katalyst upgrade KNC holders will have voting rights on the percentage of tokens that get burned and the percentage of fees. The Katalyst upgrade gives KNC holders more say on the governance of the Kyber Network.

What do you think about Kyber Network? Share this project and this page and view more about Kyber Network from the links below.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Kyber Network Updates 2020 | KNC Token

Kyber Network Updates 2020 | KNC Token

Welcome to this cryptocurrency video review posted by Altcoin Buzz. In this video you learn about Kyber Network KNC and the updates they are currently going through now and later this year.

Kyber Network Updates and Overview

The Kyber Network (KNC) is a decentralized protocol that provides on-chain liquidity. Kyber Network allows for complex transactions using smart contracts that are executed as a chain reaction within a single transaction.

KyberDAO (Kyber Decentralized Autonomous Organization) that facilitates a community of KNC (Kyber Network Crystals) holders. KyberDAO enables all KNC holders to play an active role in the growth of the Kyber Network through voting and making decisions on key parameters of the networks governance.

Recent news from Kyber Network is that the KNC cryptocurrency will be listed on Coinbase Pro and has begun accepting inbound token transfers as of Feb 24 2020.

Kyber Network has over 100 dApp integrations making it the leading liquidity protocol that connects decentralized liquidity for defi. Updates happening to Kyber Network include Waterloo Bridge and Katalyst.

  • Waterloo Bridge - a cross chain value exchange.
  • Katalyst - a protocol for increased liquidity and stake holder participation.

Kyber Katalyst

Kyber Network Operates As Such

There are  'takers', 'makers' and 'maintainers'. Takers take liquidity from the protocol. Makers provide liquidity to the network. Maintainers are parties that have permissions to access the functions. Together these 3 operate and manage the Kyber Network.

11 Key Benefits Of Kyber Network

  1. Instant trade settlement
  2. No partially executed orders
  3. Transparency
  4. Easily integrate-able
  5. Off chain swaps
  6. Fiat and crypto conversion
  7. Non fungible token transactions
  8. Automated portfolio weighting management
  9. Token lending
  10. Trading on margin
  11. Cross chain interoperable
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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

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