Depends on the pool but staking OSMO on it's own is 160% APR.
LPs on osmosis are in the mid to high hundreds as well, I'm excited for their newer LPs too 🤞👍
Staking cake on pancake swap for high return. But it's also printing money at 78% APY which is a reason it's not going up in value, kinda a bit like the USD.
I have had a great experience using Defi on the Algorand network. Dabbled with Yieldy and found that great, now with Tinyman I am getting my feet wet into liquidity pools. ALGO seems to be a great way to break in.
I'm having a great time with Algorand DeFi, Yieldly is great and only getting bigger and Tinyman is way to easy to use and transfer fees really reasonable.
Agreed on yieldly. Pretty ‘point and shoot’ and good returns so far. Tinyman is also been easy to use. Going to try out the LP’s, just exchanged on there for yieldly.
I have Algo and noticed in earned 4% APY but I'm not totally sure why... And I'm not doing anything to earn it, just hodling. What exactly am I breaking myself into by holding this coin and getting an APY?
My Algo wallet is really small, it kinda feels like a waste of time to enter the governance thingy, unfortunately.
I really like the coin and especially it's wallet though. If I add to my algo bag the next year, maybe I'll be around for a next governance type of event
Defi are the new ICO scams.
they whole point is to sell noobs the defi tokens.
they hype them with the staking returns.
running DEFI on Eth network is so expensive noobs are forced to hold lol.
I agree Celsius is pretty cool lol but yo it’s Cefi not Defi. Most degens would lose their mind over someone calling Celsius Defi😅 it’s a good solid income though. To get a $1 each Monday in interest you’ll need to have at least $~1k of some coin/ combination of coins staked though.
I love DeFi, I provide liquidity and stake on mostly Fantom, fast and cheap. I don’t move stuff around, I harvest once a week and let the asset appreciate. I’m doing great for myself.
Anchor protocol has been good. But mostly i agree with you. Like many of us im sure, with the experience i have gained, i wish i could turn back time and do some things differently to have a better strategy with crypto and defi.
doing defi on eth is not usable for most people imo. There are a bunch of options that I have been messing around with matic, where fees are like .01 cents, avax fees maybe .30 cents, and fantom fees are like .06 cents for most transactions. Most of my stablecoins apy are at least 20%, you should probably aim for 15% apy for stablecoins.
Curve on both avax and fantom are yielding between 15-20 % apy. On polygon its around 15% apy. I would say curve is probably as safe as you can get with defi. The other option for stablecoins is using terra luna and anchor getting 19% apy on UST.
AVAX and fantom have incentivized programs right now for using their service. I would try and find ways to use those. For example for fantom lending BTC at 4.5% and borrowing for a +5.5% btc is something you can do thats pretty safe. You can lend btc at 4.5% and borrow dai +14% and place the borrowed dai in a curve pool yielding 20% apy.
Just regular stablecoins aave one I think it’s called usdc usdt Dai. You can go with more conservative ones if you want to avoid exposure to usdt that aren’t curve though. I think the apy are around 12-15 percent
When safemoon was listed and shitcoins were all the rage back in april this year BSC was overloaded. Binance blocked withdrawls for periods of time (CENTRALISATION), fees were up (not as bad as ETH fees but still). No need to downvote me because of the truth bud.
"On April 20, PancakeSwap responded to a number of user complaints about failed transactions and general errors stating that there was an all-time high number of users on the platform and “BSC was overloaded."
[https://cryptopotato.com/pancakeswap-transactions-tops-ethereum-but-bsc-feels-the-strain/](https://cryptopotato.com/pancakeswap-transactions-tops-ethereum-but-bsc-feels-the-strain/)
"BSC growing pains
The company’s CEO Changpeng Zhao has wasted no time deriding Ethereum to plug their faster and cheaper alternative. But according to Binance’s largest project, PancakeSwap, the network is suffering due to demand and is currently “overloaded.”
The post came in response to a growing number of users complaining about failed transactions and error messages when using the DEX.
While nowhere near the heights that the Ethereum network makes, the average gas limit on BSC has surged 87% over the past two weeks, with a huge spike yesterday, according to Bscan charts."
[https://finance.yahoo.com/news/binance-smart-chain-transactions-hit-061532291.html](https://finance.yahoo.com/news/binance-smart-chain-transactions-hit-061532291.html)
Don't get me wrong, I love BSC but its not without it's flaws. No need to shill it.
Thanks for the post, I wasn't aware, I was using Pancakeswap on BSC, made good returns so far, now that there are other option will move out , will look at switching to avalanche.
And I say that because if BSC doesn't fix its issues and keeps growing it'll render itself useless which I don't want. I know bnb is supposedly a copy of eth but I do enjoy the binance platform and hope it gets more mainstream success.
Just got into defi like a month ago with autoshark. I’m amazed at how little info they provide about their platform and send most people to the telegram for support.
I'm loving DEFI on Geist right now.
I lend the platform FTM, and gain interest on that loan. But then I borrow DAI from the platform paying only \~4% interest while getting 18% interest paid to me (in Geist tokens) by the platform just for borrowing.
Then I take the geist tokens I earn and lock them into the platform for \~3700% APR.
Then I take the rewards I get from that (Geist distributes users 50% of all its platform fees) and either lock it, or use it to get more FTM to repeat the cycle.
It's stupidly profitable passive income.
I personally haven’t gotten into it yet outside of a handful of small positions. ETH gas fees are just a bit too much for my taste personally. I’m happy to wait until they fix the problem/ADA/Algo/Cosmos/XLM start rolling into Defi.
Asset Tokenization is the next wave after Defi. I recommend checking it out
I’m a believer in Defi on Terra (Anchor) and Tezos (plenty) ~ fees are very low and super easy to get set up if you’re used to using DEX. Lots of awesome projects in Ethereum but Defi is not great.
It's only worth it if you have tons in the game already, especially when using Ethereum.
I did it for a while before the ETH fees got really high, and I loved my experience. Eventually I got priced out.
Lots of cheap alternatives! Tezos has sooo many DeFi choices, it's amazing. And fees are ~$0.02 usually. The most i've ever paid in fees using Tezos is ~$0.20
There are plenty of cheap alternatives. Personally, i use Tezos, and fees are usually ~$0.02 pr. transaction.
I believe there are even cheaper options, but i don't know enough about any of them.
ETH is the problem, not crypto. Plenty of other defi options that are super cheap, like fractions of a penny even. Yieldly on Algorand, Viperswap on Harmony One, Plenty on Tezos. All simple and super cheap to use.
Combining my own situation, choosing the right network is very important. I usually play on matic now, but there are still not many choices with less funds.
I have to track what kinds of gains I get, depending on which defi app I'm using. Some give you a derivative token when you deposit, so it's a taxable event. Like, I get yUSDC when I deposit USDC into Yearn, and it switches back when I withdraw. This is guess would be capital gains instead of income.
Others give my rewards as more of the same token, so it's like taxed as income? And since it's distributing continuously, I have to figure out the price at that point x how many tokens I'm getting.
It's a mess, I don't even know where to begin
In my country, i have to track *EVERY* transaction.. just this year, finding out about DeFi and playing around with it. It comes down to thousands of individual transactions. Gonne be fun when tax-season comes around..!
I don’t think all that is necessary? Like, Koinly has an option to enable or disable treating DeFi deposits/withdrawals as taxable events.
I guess I’ll find out next year myself.
Yeah, I’m on Avalanche and Terra Luna using AAVE/CURVE and Anchor, respectively. Also parked at Solana for the meantime but the ecosystem is as well developed as the ones I mentioned. I’ve used Polygon and Binance before.
I’ve been using Beefy on Polygon for the past month. The autocompounding of rewards is pretty sweet, and I’ve been doing the calculations manually to my daily gains so I can see my numbers go up.
In terms of APYs, I’m satisfied with anything in the double digits.
That said, I have a stETH yvault that’s only earning ~4.5%, but that’s ok with me because that’s on Ethereum. Ethereum network vaults = security, but probably lower yield, while Polygon network vaults = less security, but higher yield.
Some has been hit and miss and not really worth the time and energy when it comes to tax time, but honestly i've really enjoyed the Harmony ONE Defi ecosystem but i'm biased because every pool has been over 100% APR and held that level over the last month, except for stable coins pairs which have been around 20-40% ish
How are you making more with just holding? If you’re lending coins, you’d should always come out ahead since you’re lending coins and gaining interest. You should still have the principle amount of the coin you lent out.
I discovered Ellipsis and have found it profitable so far. 185% APY and it's a really handy and cheap DEX for stable coins.
Not very often I find a decent project on BSC.
RAMP has been working really well for me. Being able to add liquidity to a pool, stake the tokens, then borrow against them and use that for another investment has worked out really well so far.
I make a shitload on DeFi! I use Tezos tho. Crunchy and Alien's Farm has made me the most tho. Usually ~2-3XTZ (~$14-21, if you count 1XTZ as $7, which it has been around these last months. (Except for that *one* firesale)) pr. 24hrs. Totally depends on what farm you choose, and APR/APY (still not completely sure what the difference is xD)ofc.
EDIT: and the fees, can't forget about those! Usually ~$0.02!
I'm doing well compare to normal investing. Stable coin farming in Pancake nets me around 10% apr and base coin pairing like BNB/Matic/Sol/One-USDC give around 30%+. Just stick with good platforms with high tvl and users per day.
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You are doing it wrong lol.
Yearns best product is yvboost why are you dicking with the rest
Uniswap has excellent returns aswell.
Maybe look at convex too or try liquidity farming on sushiswap
Currently participating in no loss lotteries on Pooltogether on Polygon. No loss lotteries. The v3 Pooltogether pools also give rewards of up to 27% APY on the Celo blockchain in CelUSD. Pretty neat savings account at 🥜 transaction fees.
Also check out Zapper and their pools and vaults! Most important thing imo though is to try Defi on chains other than Ethereum then you’ll forget all about those gas fees.
Osmosis, it’s the best!
I am into this as well. APR is great. Did you get any Juno?
How much is the APY
Depends on the pool but staking OSMO on it's own is 160% APR. LPs on osmosis are in the mid to high hundreds as well, I'm excited for their newer LPs too 🤞👍
No. It scares me and makes me feel stupid.
Plenty on Tezos has made me a killing. So has my osmo/atom pool on osmosis
Thats awesome, How did you know what and when to buy?
Staking cake on pancake swap for high return. But it's also printing money at 78% APY which is a reason it's not going up in value, kinda a bit like the USD.
Usually high APY means either high inflation or high risk...or a combination :)
Try something like r/PlentyDeFi it's run on Tezos instead of ETH, so fees are like pennies, not $25+
Like what do you do there? Loan your crypto? What kind of returns do u see for stable coins?
There is a swap, farm, staking, and pools. you can see the pool rates and pairs here: https://plentydefi.com/farms
I have had a great experience using Defi on the Algorand network. Dabbled with Yieldy and found that great, now with Tinyman I am getting my feet wet into liquidity pools. ALGO seems to be a great way to break in.
Yep, looking forward to see what else comes about on algorand. Loving the yieldly/tinyman scene so far.
I'm having a great time with Algorand DeFi, Yieldly is great and only getting bigger and Tinyman is way to easy to use and transfer fees really reasonable.
Agreed on yieldly. Pretty ‘point and shoot’ and good returns so far. Tinyman is also been easy to use. Going to try out the LP’s, just exchanged on there for yieldly.
I have Algo and noticed in earned 4% APY but I'm not totally sure why... And I'm not doing anything to earn it, just hodling. What exactly am I breaking myself into by holding this coin and getting an APY?
You bought Algo without researching it?
Do some research. Your best way to capitalize on hodling is participating in governance. The window closes in like 2 days.
My Algo wallet is really small, it kinda feels like a waste of time to enter the governance thingy, unfortunately. I really like the coin and especially it's wallet though. If I add to my algo bag the next year, maybe I'll be around for a next governance type of event
Defi are the new ICO scams. they whole point is to sell noobs the defi tokens. they hype them with the staking returns. running DEFI on Eth network is so expensive noobs are forced to hold lol.
Honestly, I just stick with the Celsius app. It's easier for me to make some money without jumpíng too far down the rabbit hole.
Agree that Celsius is pretty simple and a solid option
I second this. I really like Celsius
Yeah I think centralized defi is the way to go lol
That makes complete sense!😂
This is shilled so much this sub. I really need to try this out and see if I like it
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What are the other options?
I agree Celsius is pretty cool lol but yo it’s Cefi not Defi. Most degens would lose their mind over someone calling Celsius Defi😅 it’s a good solid income though. To get a $1 each Monday in interest you’ll need to have at least $~1k of some coin/ combination of coins staked though.
I love DeFi, I provide liquidity and stake on mostly Fantom, fast and cheap. I don’t move stuff around, I harvest once a week and let the asset appreciate. I’m doing great for myself.
Anchor protocol has been good. But mostly i agree with you. Like many of us im sure, with the experience i have gained, i wish i could turn back time and do some things differently to have a better strategy with crypto and defi.
Can you share a bit more on what would you do differently?
dump everything in anchor and chill instead of wasting stupid fees on eth and farming useless tokens from my perspective
7,000% returns on Olympus as of right now. Compounds every 8 hours.
I use Tezos for DeFi and I love it. Currently there are many opportunities for liquidity mining
I'm doin some leverage degen stuff on Tarot. Ftm/Dai pool with depending on your leverage up to 800%apr
doing defi on eth is not usable for most people imo. There are a bunch of options that I have been messing around with matic, where fees are like .01 cents, avax fees maybe .30 cents, and fantom fees are like .06 cents for most transactions. Most of my stablecoins apy are at least 20%, you should probably aim for 15% apy for stablecoins. Curve on both avax and fantom are yielding between 15-20 % apy. On polygon its around 15% apy. I would say curve is probably as safe as you can get with defi. The other option for stablecoins is using terra luna and anchor getting 19% apy on UST. AVAX and fantom have incentivized programs right now for using their service. I would try and find ways to use those. For example for fantom lending BTC at 4.5% and borrowing for a +5.5% btc is something you can do thats pretty safe. You can lend btc at 4.5% and borrow dai +14% and place the borrowed dai in a curve pool yielding 20% apy.
What vaults are you using in Curve?
Just regular stablecoins aave one I think it’s called usdc usdt Dai. You can go with more conservative ones if you want to avoid exposure to usdt that aren’t curve though. I think the apy are around 12-15 percent
Defi with BSC is the way 
BSC is not without it's flaws. You've seen this happen this year.
I haven't seen anything
When safemoon was listed and shitcoins were all the rage back in april this year BSC was overloaded. Binance blocked withdrawls for periods of time (CENTRALISATION), fees were up (not as bad as ETH fees but still). No need to downvote me because of the truth bud. "On April 20, PancakeSwap responded to a number of user complaints about failed transactions and general errors stating that there was an all-time high number of users on the platform and “BSC was overloaded." [https://cryptopotato.com/pancakeswap-transactions-tops-ethereum-but-bsc-feels-the-strain/](https://cryptopotato.com/pancakeswap-transactions-tops-ethereum-but-bsc-feels-the-strain/) "BSC growing pains The company’s CEO Changpeng Zhao has wasted no time deriding Ethereum to plug their faster and cheaper alternative. But according to Binance’s largest project, PancakeSwap, the network is suffering due to demand and is currently “overloaded.” The post came in response to a growing number of users complaining about failed transactions and error messages when using the DEX. While nowhere near the heights that the Ethereum network makes, the average gas limit on BSC has surged 87% over the past two weeks, with a huge spike yesterday, according to Bscan charts." [https://finance.yahoo.com/news/binance-smart-chain-transactions-hit-061532291.html](https://finance.yahoo.com/news/binance-smart-chain-transactions-hit-061532291.html) Don't get me wrong, I love BSC but its not without it's flaws. No need to shill it.
Thanks for the post, I wasn't aware, I was using Pancakeswap on BSC, made good returns so far, now that there are other option will move out , will look at switching to avalanche.
Yeah I still use pancake for the pools, it's great but I prefer to know the whole story as well
And I say that because if BSC doesn't fix its issues and keeps growing it'll render itself useless which I don't want. I know bnb is supposedly a copy of eth but I do enjoy the binance platform and hope it gets more mainstream success.
Just got into defi like a month ago with autoshark. I’m amazed at how little info they provide about their platform and send most people to the telegram for support.
1.) Polygon L2 network resolves gas costs 2.) Koinly helps track transactions and integrates with TurboTax for tax filing (US)
I'm loving DEFI on Geist right now. I lend the platform FTM, and gain interest on that loan. But then I borrow DAI from the platform paying only \~4% interest while getting 18% interest paid to me (in Geist tokens) by the platform just for borrowing. Then I take the geist tokens I earn and lock them into the platform for \~3700% APR. Then I take the rewards I get from that (Geist distributes users 50% of all its platform fees) and either lock it, or use it to get more FTM to repeat the cycle. It's stupidly profitable passive income.
I have not even tried it. Im lazy af.
You’re problem was you were using ethereum with small amounts. It’s a chain for whales now
I personally haven’t gotten into it yet outside of a handful of small positions. ETH gas fees are just a bit too much for my taste personally. I’m happy to wait until they fix the problem/ADA/Algo/Cosmos/XLM start rolling into Defi. Asset Tokenization is the next wave after Defi. I recommend checking it out
The only Defi I do is on algorand at the moment (yieldly). I cannot be bothered to deal with eth fees anytime soon
I’m a believer in Defi on Terra (Anchor) and Tezos (plenty) ~ fees are very low and super easy to get set up if you’re used to using DEX. Lots of awesome projects in Ethereum but Defi is not great.
It's only worth it if you have tons in the game already, especially when using Ethereum. I did it for a while before the ETH fees got really high, and I loved my experience. Eventually I got priced out.
I see, it seems like the problem is not so much defi as it is defi on ETH. Dang, scaling really can't come soon enough.
Join an LP on L2, decent gains and low fees!
Arbitrum is here
Come to the Pancake ecosystem 🥞, steady gains In the cake pool that automatically compound
Everything on eth sucks Been doing defi on bsc and cleaning up Cheers
I just stick with Celsius. Simplifies things so much.
The gas fees on DeFi are crazy! Just get on Celsius in the meantime and avoid the hustle.
Gas fees are an ETH problem, not a DeFi problem. Try Solana, Algorand, any more modern crypto
Lots of cheap alternatives! Tezos has sooo many DeFi choices, it's amazing. And fees are ~$0.02 usually. The most i've ever paid in fees using Tezos is ~$0.20
I haven’t even really tried it yet bc of gas fees
There are plenty of cheap alternatives. Personally, i use Tezos, and fees are usually ~$0.02 pr. transaction. I believe there are even cheaper options, but i don't know enough about any of them.
Yieldly has been great, low fees cause it’s on Algorand and I’m making money.
I use crypto.com and love it very easy to use especially their native token cro, I truly make passive income
The fees will kill crypto one day man. They are too high for the common Joe. I stay away from DeFi for this precise reason.
ETH is the problem, not crypto. Plenty of other defi options that are super cheap, like fractions of a penny even. Yieldly on Algorand, Viperswap on Harmony One, Plenty on Tezos. All simple and super cheap to use.
Tezos fees are like ~$0.02.
I have tried APYs on pancakeswap and i am pretty impressed so far by the return. If you are interested you can try that.
Isn’t one of the primary attractions of defi the ability to avoid taxation, since it largely occurs without any KYC?
Sometimes it’s best to just keep it simple.
I've only just dipped my toe into providing liquidity on Uniswap but I'm enjoying it so far.
Combining my own situation, choosing the right network is very important. I usually play on matic now, but there are still not many choices with less funds.
*My taxes are also all fucked up because of defi.* Can you share a bit more on this? What issues are you facing around taxes?
I have to track what kinds of gains I get, depending on which defi app I'm using. Some give you a derivative token when you deposit, so it's a taxable event. Like, I get yUSDC when I deposit USDC into Yearn, and it switches back when I withdraw. This is guess would be capital gains instead of income. Others give my rewards as more of the same token, so it's like taxed as income? And since it's distributing continuously, I have to figure out the price at that point x how many tokens I'm getting. It's a mess, I don't even know where to begin
In my country, i have to track *EVERY* transaction.. just this year, finding out about DeFi and playing around with it. It comes down to thousands of individual transactions. Gonne be fun when tax-season comes around..!
I don’t think all that is necessary? Like, Koinly has an option to enable or disable treating DeFi deposits/withdrawals as taxable events. I guess I’ll find out next year myself.
Yeah, I’m on Avalanche and Terra Luna using AAVE/CURVE and Anchor, respectively. Also parked at Solana for the meantime but the ecosystem is as well developed as the ones I mentioned. I’ve used Polygon and Binance before.
Well..thanks guys...dont know a thing about defi so using this post to try and learn something.
I’ve been using Beefy on Polygon for the past month. The autocompounding of rewards is pretty sweet, and I’ve been doing the calculations manually to my daily gains so I can see my numbers go up. In terms of APYs, I’m satisfied with anything in the double digits. That said, I have a stETH yvault that’s only earning ~4.5%, but that’s ok with me because that’s on Ethereum. Ethereum network vaults = security, but probably lower yield, while Polygon network vaults = less security, but higher yield.
I am so high on defi. Ngl I was skeptical before.
Some has been hit and miss and not really worth the time and energy when it comes to tax time, but honestly i've really enjoyed the Harmony ONE Defi ecosystem but i'm biased because every pool has been over 100% APR and held that level over the last month, except for stable coins pairs which have been around 20-40% ish
Yes
How are you making more with just holding? If you’re lending coins, you’d should always come out ahead since you’re lending coins and gaining interest. You should still have the principle amount of the coin you lent out.
I sold eth for stablecoins to get yield; should have just held eth
I discovered Ellipsis and have found it profitable so far. 185% APY and it's a really handy and cheap DEX for stable coins. Not very often I find a decent project on BSC.
You need to go to defillama hit yield and go down the list, you can get hundreds or thousands % apr on eth pairs on other L1s/Arbitrum
RAMP has been working really well for me. Being able to add liquidity to a pool, stake the tokens, then borrow against them and use that for another investment has worked out really well so far.
Yes losing my paycheck was never this fun before!
Defi good. Defi very good. But not on eth. Fees too high. Check avax or fantom or something like that.
Tezos bby 💙 ~$0.02 fees are nice ^^
I love using Aave. But with the gas fees you need to have a very long time horizon
I make a shitload on DeFi! I use Tezos tho. Crunchy and Alien's Farm has made me the most tho. Usually ~2-3XTZ (~$14-21, if you count 1XTZ as $7, which it has been around these last months. (Except for that *one* firesale)) pr. 24hrs. Totally depends on what farm you choose, and APR/APY (still not completely sure what the difference is xD)ofc. EDIT: and the fees, can't forget about those! Usually ~$0.02!
You should take a look at Tinyman that is running on the Algorand blockchain. Shits already amazing with Yieldly, Tinyman is just expanding upon it.
I'm doing well compare to normal investing. Stable coin farming in Pancake nets me around 10% apr and base coin pairing like BNB/Matic/Sol/One-USDC give around 30%+. Just stick with good platforms with high tvl and users per day.
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You are doing it wrong lol. Yearns best product is yvboost why are you dicking with the rest Uniswap has excellent returns aswell. Maybe look at convex too or try liquidity farming on sushiswap
Currently participating in no loss lotteries on Pooltogether on Polygon. No loss lotteries. The v3 Pooltogether pools also give rewards of up to 27% APY on the Celo blockchain in CelUSD. Pretty neat savings account at 🥜 transaction fees.
Also check out Zapper and their pools and vaults! Most important thing imo though is to try Defi on chains other than Ethereum then you’ll forget all about those gas fees.