DeFi Yield Farming: Explained
(1) lending protocols,
(2) decentralized liquidity pools, and
(3) derivatives protocols.
AscendEX makes “Farming” Easy
No Gas Fees
Yield Farming is a resource-intensive process. Every action involved in Yield Farming as an individual (“approve”, “deposit”, “reward claim”) involves gas fees paid on the relevant DeFi network. These fees reduce profit margin and therefore negatively impact yields generated by an individual Yield Farmer. By farming with AscendEX, you enjoy the benefit of paying no gas fees, thus maximizing your yield.
Seamless Farming Experience
Yield Farming requires extensive interactions with smart contracts and knowledge regarding coding and blockchain infrastructure to intelligently identify lucrative yield farming opportunities. At AscendEX, our team handles all backend integration with DeFi protocols, thus allowing users to farm yield via a simple and easy-to-use “one-click” function.
One of the key features of yield farming is the ability of a “Farmer” to rotate between different protocols to maximize yields. AscendEX offers pure “yield driven” strategies for subscription for users seeking only to maximize yield on principal capital, rather than accumulating DeFi governance tokens. Users can further enhance yield by engaging in leveraged strategies to increase farming exposure.
Timely Distribution and Flexible Deposit & Withdrawal
Unlike some other platforms require a pre-determined lock-up period for yield farming participation, and only distributes rewards after the conclusion of the lock-up period, AscendEX allows users to deposit and withdraw their assets anytime, with the ability to receive yield farming rewards in a timely manner.