One of the more lucrative aspects of decentralized finance (DeFi) is the ability of crypto holders to generate an income on their investments. Yield farming is one of the strategies investors are utilising to generate these returns. A scenario of this is how yield farms collect interest and additional tokens or coins in a different cryptocurrency. Participating in yield farming protocols allows investors to grow their capital and earn additional token rewards through liquidity mining.
Yield farming has proved to be profitable in a number of scenarios, and has become increasingly so, as coins rise in value. Many yield farmers have enjoyed an ROI of several hundred percent on their investments, however, it isn’t without its risks. If you are an experienced investor that understands the space, DeFi is full of high-profit opportunities. In fact, DeFi can attract hundreds of millions of dollars of investment in a single week.
One investor outlined a scenario where three months of yield farming on BSC (Binance Smart Chain) resulted in around $20,000 per month of profit without “being rug pulled or falling prey to any other scheme (yet).”
How Yield Farmers Can Find Additional Success
When looking at the way in which yield farmers go about selecting projects to invest in, they regularly spend large amounts of time researching and experimenting with different ways to accrue the most efficient yields on their digital assets. As yield farming grows in popularity, and additional opportunities emerge, many crypto traders have looked for a solution where the best opportunities can be identified more reliably.
The Genius Yield platform is a DeFi asset management solution implemented on the Cardano blockchain, providing superior yield optimization and high returns to investors. Genius Yield has developed an AI-powered Smart Liquidity Management protocol that algorithmically automates asset allocation to maximize a user’s APY, while minimizing risk exposure.. This is made possible by Genius Yield’s custom-built concentrated liquidity DEX, which can achieve higher capital efficiency. Similar in functionality to Uniswap V3, the Genius DEX has been completely redesigned from the ground up to fully benefit from Cardano’s UTXO-based ledger, enabling programmable swaps and high throughput.
Simplicity Is The Key To Success
The Genius Yield platform was also designed to address the complexity of navigating yield opportunities in the DeFi space. Its mission is to democratize DeFi for everyone by providing best-in-class automated liquidity management, powered by AI. Under the hood, algorithmic yield optimization strategies learn and improve over time. Genius Yield provides an intuitive, hassle-free, and secure platform for users to reap the benefits of DeFi.
In the spirit of financial inclusion, the platform has been created to cater to both sophisticated and novice DeFi users. To assist the novice DeFi users, Genius Yield, have created the Genius Academy. A community-driven educational and mentorship platform to teach DeFi concepts and support everyone in their journey towards financial freedom.
Those interested in learning more about Genius Yield’s AI-powered Smart Liquidity Management yield optimizer can visit the project’s website and read the team’s whitepaper.