Weekly Staking and Yield Farming Review — 6th January 2022

Weekly Staking and Yield Farming Review

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We started the year by conducting a top down review of all the platforms on our list. We removed Venus as we believe they don’t offer investors anything special, for example you can stake CAKE on Pancakeswap and earn a considerably higher APR. We also added two new platforms from the ‘DeFi 2.0’ contingent, namely Olympus DAO, the reserve currency and Convex Finance.

There are some juicy Staking APRs available from both the centralized exchanges and DEXs including 32% for staking EOS with Kucoin, 23% for staking KAVA with Kraken and 65% for staking CAKE on Pancakeswap. The meanest staking reward was a measly 0.25% for staking Bitcoin on Kraken.

Amongst the most generous farming rewards were Harvest’s 2,359% for MEME20-ETH and Pancakeswap’s 1,197% for INSUR-BNB.

This week we are also reviewing three platforms that have emerged from what is called DeFi 2.0.

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