5 Best Yields In DeFi Right Now By DeFi Dad

Decentralized Finance (aka DeFi) continues to grow exponentially on Ethereum, since the Compound’s COMP distribution program launched in May. While it can be exciting to learn about this new fast-paced p2p finance system, it can be overwhelming and near impossible to track all the new yield earning opportunities. Thankfully, I have you covered! Here are the top 5 yields being earned  in DeFi + a bonus idea, in order of highest earning APY (annualized percentage yield).

BONUS: I want to kick off with the YFI governance token issued by a popular DeFi protocol yearn.finance, which recently completed its initial YFI distribution, including a staking program combined with 3 Balancer liquidity pools. It’s worth noting the daily APY being earned over this 7-day program reached as high as >1000% APY on one pool due to the YFI token growing from $0 to as high as $5,000 in a few days. YFI is available to buy and sell on DEXs like Balancer and was recently listed on some CEXs as well. I’d recommend checking 1inch.exchange for the best YFI rates on Ethereum DEXs. I am highlighting this as an opportunity because the YFI community is voting on new yield farming programs to possibly begin in a week. The YFI token garnered attention for its limited initial supply of 30,000 tokens, all distributed via a yield farming program I talk through in this DeFi tutorial on How to Earn YFI. Stay tuned for new opportunities!

• Current daily APY: TBD
• Previous all-time high daily APY: >1000%
• Yield to be earned: YFI, CRV (yet to be generated), BAL, Balancer pool fees, and stablecoin interest
• Assets Required: DAI, USDC, USDT, TUSD or yCrv and/or YFI
• Where to go: Learn about YFI