DeFi projects promise its users many rewards to keep them invested and one of the most popular is high yields.
The higher the yield, the more money you’ll make. These yields are the major reason why investors and traders are drawn to certain DeFi protocols over others.
The one drawback with hunting for yields is you have to check and test different protocols before you settle for one with the right yield for your risk appetite.
Hunting for yield can be both time-consuming and stressful for investors so they hunt for alpha where they can find them.
Searching for the best high yield DeFi project to pour your money into? Here are three you should be watching in 2022: Bancor (BNT), 1inch Network (1INCH), and Parody Coin (PARO).
These DeFi projects offer good yields and ensure your assets are protected from downsides.
How to earn yield with Bancor (BNT)
Bancor (BNT) is a decentralised staking protocol that protects its users from impermanent loss by exposing them to single token pools.
It was launched in 2017 and is the first of its kind to offer such protection to investors and traders.
With the reduction of impermanent loss, LPs can now earn yield without fear that their tokens in the pool will lose value while staked.
This is a great improvement in DeFi and the protocol generates millions in fees for LPs to share for their efforts.
With a 60% APR, you can be sure to earn more than enough yield.
The Bancor protocol is owned by its community as it operates a DAO model.
The community members vote on issues affecting the protocol while ensuring that it continues to move in the right direction.
Any user can contribute liquidity to pools and once you contribute you are eligible to receive rewards proportional to your contribution.
Contributors will receive BNT tokens representative of the amount contributed to the pool.
LINK, ETH, MATIC, and AAVE are some of the tokens accepted by the Bancor protocol.
How 1inch Network (1INCH) helps its users
1inch Network (1INCH) is a DEX aggregator that pools together multiple liquidity sources for its users to choose from.
This makes sourcing for liquidity and yield easier.
With its pathfinder algorithm, it can search for yield and liquidity across blockchains including Ethereum (ETH), Avalanche (AVAX), and Polygon (MATIC).
The project is a next-generation AMM (Automated Market Makers) that protects its users from front running attacks and offers attractive yield opportunities to liquidity providers.
The 1inch Wallet allows its users to interact seamlessly with the DEX and help users navigate the various pools.
Furthermore, the 1INCH token is used as the governance token of the platform and it allows its DAO to vote on the future of the protocol.
The protocol gives its users various tools to help them maximize the yield from various pools.
Is Parody Coin (Paro) worth an investment?
Parody Coin (PARO) is a DeFi protocol that aggregates liquidity from various multi-chain sources into one pool.
It allows its users to swap, stake, and earn yield for contributing to pools. The native token PARO is the transaction token of the PAROverse.
In addition, the PARO bridge will allow its users to connect to multiple blockchains to stake and earn fees for their contributions.
Furthermore, the PARO token is built on the Binance Smart Chain using the BEP-20 token standard.
The project ensures that its users can access the best yield across blockchains.
It goes one step further to aggregate the liquidity pools in one centralised area.
Join Presale: https://presale.parodycoin.io/register
Website: https://parodycoin.io/
Telegram: https://t.me/PARODYCOIN_OFFICIAL
Keywords: DeFi, Yield, Bancor, BNT, 1inch Network, 1INCH, Parody Coin, PARO.
