Thursday, March 28, 2024
HomeNewsDefi on Polkadot has potential? Share with you the TOP 3...

Defi on Polkadot has potential? Share with you the TOP 3 projects with high APR when staking.

DOT holders or DEFI lovers can add a good selection of good capital flows. 1. **Equilibrium **eqDOT is a token powered by Equilibrium, a DeFi platform on Polkadot that combines a money market and an order book-based DEX. Users can staking their DOT in exchange for eqDOT – which means just using the DOT mint to get eqDOT, a token version that is easily convertible and can be used for other DeFi applications. One of the main benefits of eqDOT is allowing users to earn staking rewards while still being able to trade, sell, or use their tokens in other DeFi protocols without having to wait for an unbonding period. In addition to the standard staking APY of 12.06%, Equilibrium also offers the opportunity to earn additional yield through the Blast Bonus program, which allows users to earn up to 18.09% more APY. This can give investors a total APY of up to 30.15%. 1. **Parallel **Parallel is a decentralized platform that allows users to staking their DOT in exchange for pDOT, a circulating version of the token that can be used for other DeFi applications. Parallel offers a circulating APY of 20.67% and farming with an APY of 10.07%. 1. **Bifrost **Bifrost is a DeFi platform that allows users to staking their DOT in exchange for vDOT, a circulating version of the token that can be used for other DeFi applications. Bifrost offers a circulating APY of 19.2% and an opportunity to earn additional income from farming with an APY of 7.295%. I wrote a comparison article and detailed instructions on how to staking on **Equilibium**, you can refer to the comments. Remember, DeFi is a risky game, you need to learn carefully before participating in staking, some common risks: * Wallet is hacked * Token price drops * The staking platform collapses * Positions are liquidated. I only select projects and provide information, helping you save time researching and researching. I do not advise you to invest, please DYOR. Peter – Solar Research: Share basic to advanced blockchain knowledge and research potential crypto projects!

Source: Collector

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments