News

The Era of DeFi Yield Farming Has Come

Oct 12, 2020

The crypto market always changes rapidly, and the investors must have strong adaptability and keen observation always to be one step ahead. To be the first to grasp the profit opportunities in the emerging markets, you must know “Yield Farming.”

In the past month, Yield Farming frenzy has impacted the DeFi world profoundly, driving a large-scale growth of total value in the DeFi market. According to DeFi Pulse, there is $3.3 billion in crypto assets locked in DeFi today (data on July 23). Since the DeFi platform Compound launched governance token COMP for liquidity mining on June 15, the demand for borrowing skyrocketed, which successfully improved the liquidity of the platform. Other protocols such as Balancer and Curve Finance also joined “the farm,” causing a massive inflow of funds to the DeFi market, setting the record for the highest value locked. Coindesk compares this phenomenon with the 2017 ICO boom. The curve seems familiar, and many remain optimistic about the benefits of this wave of yield farming.

Image credit by Coindesk. Today’s total value locked in DeFi had increased by $1.4 billion since July 6 (when they published the chart).

What exactly is Yield Farming?

Yield Farming is an innovative and intelligent trading strategy. It allows users to earn interest or governance tokens as rewards by providing liquidity onto the platforms. Compared with cryptocurrency trading (like bitcoin trading), this strategy enables users to come under a more moderate impact of market volatility. With a thorough understanding of market features and proper management, users stand a fair chance of achieving a quick, high return of rate against controllable risks. Given this, Yield Farming has set off a craze among crypto holders. A surging number of investors have plunged into DeFi yield farming.

Steaker rolls out a new project in response to market demand: USDT Yield Farming Project

Steaker started to integrate Yield Farming into our strategies last month; to optimize the trading strategies and seized the right timing to provide a limited-time offer again. USDT Yield Farming project allows fresh yield farmers to enjoy a profit opportunity of an estimated 20% APR at maturity (this is the estimated annualized return. Incentive fee has not been deducted).

The project integrates various DeFi Yield Farming strategies, such as Balancer, Curve.fi, yearn.finance, mStable, and other well-known DeFi protocols. This strategy only operates the Yield Farming of USD stablecoin and does not include an arbitrage strategy for trading governance tokens. Compared with USDT DeFi Special Project, the risk is lower regarding volatility, but there is no promise that the future trend is predictable, and there are also potential systemic risks. This project is a medium-to-high risk profit strategy. Please read the prospectus and the online purchase project terms before your application.

Whatever happens, crypto’s yield farmers will keep moving fast. Some fresh fields may open and some may soon bear much less luscious fruit.
But that’s the nice thing about farming in DeFi: It is very easy to switch fields.

(Quote from: What Is Yield Farming? The Rocket Fuel of DeFi, Explained)

USDT Yield Farming Project Investment Notice

Suit for: DeFi Newbie / Fresh Yield Farmer

Minimum Investment Amount: 10,000 USDT

Project Start Time: 2020/08/05 15:00 (UTC+8)

Application Period (Limited): 2020/07/22 15:00 ~2020/08/04 23:59 (UTC+8)

Contract Period::6 months

Limited Amount: 500,000 USDT (total purchase amount)

Incentive Fee: 30% of interests

Penalty Fee: 10% of initial funds (for early redemption)

Stop-loss point: -5% of initial funds

For details, please go to Apply of Steaker.com or contact us online.