If you’re not staking your cryptocurrencies, then odds are you are missing out on a good chunk of change that you could be earning from your idle assets.
While it used to only be possible to earn staking rewards by delegating or staking Proof-of-Stake (POS)-based assets to validators to earn a fraction of its emission rewards, it’s now possible to stake pretty much anything through new yield farm initiatives.
As you might expect, the assets that can be staked and the rewards available can vary wildly between platforms. With that in mind, we’ve assembled a brief list of three of the most generous yield farms available today, across three different chains, to help you put your unused assets to work to generate a yield.
QAN is an ultra-advanced blockchain platform that aims to provide an accessible, intuitive solution that developers can use to build and deploy decentralized applications (dApps).
Thanks to its novel AI-powered consensus system, QAN is quantum-resistant and features impressive security, making it perfectly suited for decentralized finance (DeFi) initiatives and transfers of value. But more than this, it’s also incredibly easy to build on, making it an attractive option for developers looking to build powerful dApps.
The platform is also operating one of the most generous yield farming opportunities on Binance Smart Chain (BSC) and Ethereum. As it stands, the platform is offering a whopping 61% APY on QAN deposits or 31% APY for early withdrawals.
Project launchpads have exploded in popularity in 2021, as more and more individuals and retail investors look to capitalize on some of the investment opportunities that were previously snatched up by major VC funds and institutional investors.
One of the more successful of these launchpad platforms is InfinityPad — a Binance Smart Chain-based launchpad that is operated by several prominent KOLs in the blockchain space, including Pablo Heman, Blockchain Boy, and Altcoin Sherpa.
The platform is designed to democratize access to prominent upcoming BSC ecosystem projects through a tiered taking system that sees users stake IPAD tokens to potentially win a slot in its upcoming IDOs.
Besides this, it also offers an impressive APY to IPAD stakers through its vaults. As it stands, the Infinity Pad vault offers a solid 460%+ APY, but this will likely go down as the TVL locked in the vault increases.
The Solana ecosystem is brimming with promising new projects that are building out its DeFi landscape and adding utility to SOL token holders.
As with most blockchain platforms, decentralized exchanges (DEXs) are beginning to form the cornerstone of Solana’s DeFi ecosystem — including Raydium and Serum — two of Solana’s most popular applications.
But recently, Saber has emerged as a potent competitor that could be set to propel Solana into the spotlight thanks to the wide range of features it offers.
For one, the platform offers an extremely efficient automated market maker (AMM) that allows users to swap SOL tokens and a variety of Solana-ecosystem coins almost instantly for negligible fees. But another major draw is its yield farms, which allow users to generate an excellent yield on their Saber liquidity provider (LP) tokens.
As it stands, the platform is offering a massive 19% APY for USDT-USDC LP deposits, 25% APY for BTC-renBTC deposits, and 45% APY for apUSDT-USDT deposits. As always, you’ll need to factor in your risk tolerance and the odds of suffering from impermanent losses before farming — but odds are, there’s profit to be made.