{"id":147,"date":"2024-03-04T18:17:57","date_gmt":"2024-03-04T18:17:57","guid":{"rendered":"https:\/\/fantomwallet.io\/arts\/?p=147"},"modified":"2024-03-05T06:42:04","modified_gmt":"2024-03-05T06:42:04","slug":"top-5-fantom-platforms-to-make-money-from-yield-farming","status":"publish","type":"post","link":"https:\/\/fantomwallet.io\/arts\/top-5-fantom-platforms-to-make-money-from-yield-farming","title":{"rendered":"Top 5 Fantom platforms to make money from yield farming"},"content":{"rendered":"<p>Many members of the crypto community mistakenly believe that DeFi protocols only work on the Ethereum blockchain. But there are alternative platforms where developers can launch their decentralized projects. And on the basis of their blockchains, as in the case of Ethereum, it is possible to earn money through yield farming.<\/p>\n<p>One such platform is Fantom. This project&#8217;s blockchain resembles Ethereum, but has its own characteristics.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_63 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/fantomwallet.io\/arts\/top-5-fantom-platforms-to-make-money-from-yield-farming\/#What_is_yield_farming\" title=\"What is yield farming?\">What is yield farming?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/fantomwallet.io\/arts\/top-5-fantom-platforms-to-make-money-from-yield-farming\/#What_do_yield_farmers_get_paid_for\" title=\"What do yield farmers get paid for?\">What do yield farmers get paid for?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/fantomwallet.io\/arts\/top-5-fantom-platforms-to-make-money-from-yield-farming\/#How_much_can_I_earn_from_yield_farming\" title=\"How much can I earn from yield farming?\">How much can I earn from yield farming?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/fantomwallet.io\/arts\/top-5-fantom-platforms-to-make-money-from-yield-farming\/#What_is_Fantom\" title=\"What is Fantom?\">What is Fantom?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/fantomwallet.io\/arts\/top-5-fantom-platforms-to-make-money-from-yield-farming\/#SpiritSwap\" title=\"SpiritSwap\">SpiritSwap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/fantomwallet.io\/arts\/top-5-fantom-platforms-to-make-money-from-yield-farming\/#SpookySwap\" title=\"SpookySwap\">SpookySwap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/fantomwallet.io\/arts\/top-5-fantom-platforms-to-make-money-from-yield-farming\/#HyperJump\" title=\"HyperJump\">HyperJump<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/fantomwallet.io\/arts\/top-5-fantom-platforms-to-make-money-from-yield-farming\/#Waka_Finance\" title=\"Waka Finance\">Waka Finance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/fantomwallet.io\/arts\/top-5-fantom-platforms-to-make-money-from-yield-farming\/#Beefy_Finance\" title=\"Beefy Finance\">Beefy Finance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/fantomwallet.io\/arts\/top-5-fantom-platforms-to-make-money-from-yield-farming\/#Conclusions\" title=\"Conclusions\">Conclusions<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2><span class=\"ez-toc-section\" id=\"What_is_yield_farming\"><\/span>What is yield farming?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Yield farming is a way to make money with DeFi protocols. The essence of the system is that an investor should direct his assets to the most profitable decentralized projects in order to make as much money as possible on his investments.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_do_yield_farmers_get_paid_for\"><\/span>What do yield farmers get paid for?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>DeFi protocols offer several ways to make money. The most common are payments to investors for lending assets to projects. Here are some other examples of how it is possible to make money:<\/p>\n<ul>\n<li aria-level=\"1\">Sometimes the developers of the credit-oriented DeFi protocol need money to start a project. Investors pledge their assets for the startup&#8217;s needs. And the developers, in turn, begin to lend money to their customers at an interest rate and then begin to share the income with the investors.<\/li>\n<li aria-level=\"1\">A digital asset exchange needs liquidity to start trading. Its developers attract assets to run the exchange. In return, they share a portion of the commissions generated by trading with the market participants who provided the funds.<\/li>\n<\/ul>\n<p>There are many other ways to make money with DeFi. The hardest part is finding the best option among them.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_much_can_I_earn_from_yield_farming\"><\/span>How much can I earn from yield farming?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The average income offered by farming platforms is 5-10%. In some cases, the profit can be much higher or lower.<\/p>\n<p>But it&#8217;s worth considering that the profitability of DeFi protocols is adjusted regularly. A project that was profitable today may not be profitable tomorrow. Therefore, most participants constantly move their assets between protocols in search of better deals.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Fantom\"><\/span>What is Fantom?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Fantom is an open source blockchain network that supports smart contracts. The project is built similarly to Ethereum.<\/p>\n<p>Launched in 2019, this startup gained popularity due to the high speed of transactions and low cost of transfers.<\/p>\n<p>Fantom&#8217;s efficiency has also been recognized at the government level. In the summer of 2020, for example, the company entered into a partnership with the government of Afghanistan to track the country&#8217;s drug supply chain using blockchain.<\/p>\n<p>Fantom has its own token called FTM. It is used for a variety of purposes including networking, commission payments and project management.<\/p>\n<p>As of March 18, 2022, FTM is ranked 41st in the capitalization rating of the resource CoinMarketCap.<\/p>\n<p>It is noteworthy that FTM began to increase in value at the beginning of 2021: just as the cost of commissions on the network of its main competitor, Ethereum, was increasing.<\/p>\n<p>There are several marketplaces for FTM farming on the digital asset market. Let&#8217;s look at the most popular options.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"SpiritSwap\"><\/span>SpiritSwap<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-151\" src=\"https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-4-1024x341.png\" alt=\"SpiritSwap\" width=\"800\" height=\"266\" srcset=\"https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-4-1024x341.png 1024w, https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-4-300x100.png 300w, https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-4-768x256.png 768w, https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-4.png 1400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>SpiritSwap is the leading DEX based on Fantom. Technically, this platform is similar to one of the most popular DeFi protocols called &#8220;Uniswap&#8221;.<\/p>\n<p>You can make money on SpiritSwap by providing liquidity. The platform shares part of the commissions with users who block assets for the needs of the protocol. SpiritSwap also offers cryptocurrency staking.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"SpookySwap\"><\/span>SpookySwap<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-155\" src=\"https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-5-300x168.png\" alt=\"SpookySwap\" width=\"800\" height=\"449\" srcset=\"https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-5-300x168.png 300w, https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-5-678x381.png 678w, https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-5.png 749w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><a href=\"\/arts\/spookyswap-what-is-it\">SpookySwap<\/a> is a decentralized exchange managed by the project&#8217;s community. The platform uses the Fantom network to maximize speed, security and scalability of transactions.<\/p>\n<p>You can earn money on SpookySwap by providing liquidity. The platform also has staking offers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"HyperJump\"><\/span>HyperJump<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-157\" src=\"https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-1-300x84.jpeg\" alt=\"HyperJump\" width=\"800\" height=\"223\" srcset=\"https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-1-300x84.jpeg 300w, https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-1-1024x286.jpeg 1024w, https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-1-768x214.jpeg 768w, https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-1.jpeg 1511w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>HyperJump is a DeFi protocol, represented by an ecosystem of services based on blockchain games and NFT.<\/p>\n<p>The platform&#8217;s developers put an emphasis on gamification to make the DeFi segment more engaging. HyperJump offers rewards for participating in titles and various contests.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Waka_Finance\"><\/span>Waka Finance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-159\" src=\"https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-6-300x96.png\" alt=\"Waka Finance\" width=\"800\" height=\"257\" srcset=\"https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-6-300x96.png 300w, https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-6.png 745w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>Waka Finance is a decentralized platform that presents several ways to make money based on Fantom. For example, users can earn income by providing liquidity or with the help of other farming tools.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Beefy_Finance\"><\/span>Beefy Finance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-161\" src=\"https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-2-300x169.jpg\" alt=\"Beefy Finance\" width=\"800\" height=\"451\" srcset=\"https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-2-300x169.jpg 300w, https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-2-768x433.jpg 768w, https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-2-678x381.jpg 678w, https:\/\/fantomwallet.io\/arts\/wp-content\/uploads\/2024\/03\/fantom-top5-2.jpg 845w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>Beefy Finance is a decentralized multiplatform for farming automation. It is designed so that it can independently select the most convenient protocols for users.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusions\"><\/span>Conclusions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ethereum is not a single and unique project on which the decentralized financial market is developing. Today, it has many competitors that attract users due to low fees and high performance.<\/p>\n<p>Fantom is an example of a blockchain that has proven to be in demand due to its favorable differences from Ethereum, and more and more users are starting to use it.<\/p>\n<p><iframe loading=\"lazy\" title=\"The ultimate guide to yield farming on Fantom!\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/K6LnERBV5Yc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Many members of the crypto community mistakenly believe that DeFi protocols only work on the Ethereum blockchain. But there are alternative platforms where developers <a class=\"mh-excerpt-more\" href=\"https:\/\/fantomwallet.io\/arts\/top-5-fantom-platforms-to-make-money-from-yield-farming\" title=\"Top 5 Fantom platforms to make money from yield farming\">&#8230;<\/a><\/p>\n<\/div>","protected":false},"author":3,"featured_media":148,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"_links":{"self":[{"href":"https:\/\/fantomwallet.io\/arts\/wp-json\/wp\/v2\/posts\/147"}],"collection":[{"href":"https:\/\/fantomwallet.io\/arts\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fantomwallet.io\/arts\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fantomwallet.io\/arts\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fantomwallet.io\/arts\/wp-json\/wp\/v2\/comments?post=147"}],"version-history":[{"count":11,"href":"https:\/\/fantomwallet.io\/arts\/wp-json\/wp\/v2\/posts\/147\/revisions"}],"predecessor-version":[{"id":174,"href":"https:\/\/fantomwallet.io\/arts\/wp-json\/wp\/v2\/posts\/147\/revisions\/174"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fantomwallet.io\/arts\/wp-json\/wp\/v2\/media\/148"}],"wp:attachment":[{"href":"https:\/\/fantomwallet.io\/arts\/wp-json\/wp\/v2\/media?parent=147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fantomwallet.io\/arts\/wp-json\/wp\/v2\/categories?post=147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fantomwallet.io\/arts\/wp-json\/wp\/v2\/tags?post=147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}