BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
SUBSCRIBE
BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
BlockNews.com
No Result
View All Result
Home Crypto

DeFi Investors Reap Big In The Midst Of A Crypto Winter – Study

BlockNews Team by BlockNews Team
October 9, 2022
in Crypto, DeFi, Finance
Reading Time: 3 mins read
A A
Defi
1
SHARES
22
VIEWS
Share on TwitterShare on Reddit

Decentralized finance (DeFi) continues to entice many investors as they reap profits despite the ongoing crypto winter. A new study published earlier this week by Bolide Finance reveals yield aggregators, lending, and the farming sectors of the DeFi industry have continued to “produce double-digit annual percentage yields (APYs)” during the first half of 2022, despite the unfavorable market conditions.

You might also like

Binance Space ID Tokens Launchpad Secures BNB Commitments Worth $2.8 Billion

Coinbase Argues Software Services Are Not Securities: A Case Against the SEC

Nigeria Now Enabled to Make Direct Crypto Purchases Through MetaMask

Yield Aggregators Record High Returns

The data released by Bolide Finance on October 4 points to a maturing DeFi industry. In particular, DeFi companies such as CREAM, Dforce, and Valas continued to display impressive performance in the first (Q1/2022) and second (Q2/2022) quarters of 2022. The top four yield aggregators recorded a return of 2.87% on average between January and July 2022. Companies such as Acryptos posted around 7% yield in April and 4.46% in May, and an average of 6.4% over the first half, with profits peaking in January at 12.55%.

Beefy finance recorded a 4% and 1.37% yield for April and May, respectively, with an average of 3.75%. Other yield aggregators with positive returns between January and July include Autofam and Killswitch, with an average of 1.2% and 0.17% yield, respectively

For the farming sector, PancakeSwap topped the charts outperforming the rest with an average return of 265.12% during Q1/2022 and Q2/2022. The platform’s returns peaked in April at 318%. Even after the crypto market crash triggered by the collapse of Terra’s ecosystem in May, PancakaSwap posted 253% returns that month.

Biswasp, the first Decentralized Exchange (DEX) on BNB Chain, recorded the second-highest returns over the period averaging 28.94%. Just like PancakeSwap, investors on the platform registered the highest returns in April at 45.5%. Coming in third was the Index at 25.7%, while Elipse ranked fourth at 25.4%.

Dforce posted the highest lending returns in the lending sector, averaging 8.75%, between January and July 2022. The platform registered the highest returns in February at 17.23%. The other lending platforms, including CREAM Finance, Liqee, Valas, and Venus, had profits of 3.05% on average.

Changing Investors’ Strategies In A Bear Market

According to Bolide, the yield farming sector has generally remained strong in 2022. The yield farming aggregator says this is because:

“… investors look to change their strategies, preferring to trade less, hold their coins, and earn a stable yield until the crypto winter passes.”

Insights from the Bolide data show that the DeFi sector is on a path to maturity as it responds to market changes and investors’ needs more efficiently than most staking strategies. It is worth noting that most investors prefer to trade less and focus on passive ways of earning through stable yields awaiting another bull run.

In addition, the market volatilities experienced in 2022 have pushed investors to leverage the benefits of yield farming aggregators. This is because these DeFi platforms automate the processes of staking and collecting the generated rewards on behalf of their users.

Tags: cryptoDeFimarket research
TweetShareShare

Recommended For You

Binance Space ID Tokens Launchpad Secures BNB Commitments Worth $2.8 Billion

by BlockNews Team
March 24, 2023
0
space ID logo

More than 8.4 million BNB tokens were for up for the Space ID token sale Space ID earned $2.85 billion within 48 hours Final allocation will be based...

Read more

Coinbase Argues Software Services Are Not Securities: A Case Against the SEC

by BlockNews Team
March 24, 2023
0
coinbase

Coinbase CLO Paul Grewal announced that the company provided details to the SEC about why staking services are not securities Grewal saw the SEC’s perspective on software services...

Read more

Nigeria Now Enabled to Make Direct Crypto Purchases Through MetaMask

by BlockNews Team
March 24, 2023
0
metamask

Nigerians can now buy crypto using MetaMask instead of centralized exchanges Crypto fintech MoonPay merged with ConsenSys to allow users to buy cryptocurrencies through direct bank transfers Nigeria...

Read more

FTX Is Looking To Recover $460M From A Venture Capital Supported By Bankman-Fried’s Alameda Research

by BlockNews Team
March 24, 2023
0
ftx

FTX files for return of $460 million investment funds made to venture capital firm by Sam Bankman-Fried through Alameda Research. When he invested, Sam Bankman-Fried was allegedly in...

Read more

OpenZeppelin Reveals Top 10 Blockchain Hacking Techniques in 2022

by BlockNews Team
March 23, 2023
0
OpenZeppelin

OpenZeppelin's top 10 hacking methods of 2022 serve as a sobering reminder of the value of cybersecurity and the need for ongoing research to make blockchain systems more...

Read more
Next Post
Eth-Regulation

Federal Regulators are Preparing to Pass Judgment on Ethereum

Related News

shiba inu crypto

Shiba Inu Price Prediction As $200 Million Trading Volume Trickles In – Key Levels To Watch

March 2, 2023
Crypto-Market-Cap

The Crypto Market Set to Reclaim $3 Trillion Market Cap

September 15, 2022
comptroller crypto

Comptroller Says Home Country Supervisor Can Solve Crypto Issues

March 9, 2023

Browse by Category

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized
BlockNews.com

BlockNews.com brings you the most important Crypto and NFT news in the space.

CATEGORIES

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized

RECENT POSTS

  • Binance Space ID Tokens Launchpad Secures BNB Commitments Worth $2.8 Billion March 24, 2023
  • Coinbase Argues Software Services Are Not Securities: A Case Against the SEC March 24, 2023
  • Nigeria Now Enabled to Make Direct Crypto Purchases Through MetaMask March 24, 2023

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

No Result
View All Result
  • Home
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?