Regardless of prevailing market conditions, DeFi (decentralised finance) continues to swell with more projects being released every day, and the current projects adding new utility. DeFi currently represents a haven for investors; with the current price of crypt assets, not only are they generating yields, but those yields will soar in value in the coming months. This article features three crypto projects heavily active in the DeFi space and ready to explode in value.
Gnox is a protocol offering yield farming as a service and has created a single investment vehicle for DeFi exposure. The developers have called this stratagem Hold To Earn and brought much-needed simplicity to the rapidly evolving landscape. Securing yields in DeFi is possible; however, ensuring long-lasting and profitable yields is highly difficult with the constant flux in the sphere meaning investors must constantly monitor and adjust their holdings.
Gnox has built a treasury to earn for investors, funded via buy and sell taxes; this treasury is doing all the hard work for investors. Deployed in battle-tested DeFi protocols all the generated proceeds are swapped into stablecoin each month and split amongst GNOX holders. Gnox has entered its final presale stage. When this token launches on the open market and trading activity begins, the treasury will steadily accumulate and increase its yield-generating potential. When investors begin to receive stablecoin reflections and realise the passive income machine Gnox is, the desirability and thus the price of GNOX will soar.
The Fantom Network was launched in 2018 and has quickly become one of the most exciting chains for all things DeFi. The Fantom Incentive programme directly rewarded investors who built protocols that managed to reach certain liquidity thresholds, and as a result, developers migrated in mass to build on the network. This long-term effect has been the creation of one of the most organic and versatile ecosystems within crypto.
A DeFi mainstay, the Tomb Finance protocol, lives on the Fantom chain and has recently built a layer two scaling solution on top of the already rapid Fantom network known as Tomb Chain. SpookySwap is the network's most popular DEX (decentralised exchange) and another great earning opportunity for investors. The potential of the Fantom ecosystem is nearly limitless, and the network has rightfully earnt its moniker: ‘The Unnoficial King of DeFi.’
PancakeSwap is ranked eighth by TVL (Total Value Locked) and is a giant within the sphere of DeFi. Any DeFi investor has visited this food-themed DEX (decentralised exchange) and seen all the earning opportunities. CAKE is the rewards token of the protocol and is used to incentivise users to provide liquidity to the platform.
CAKE now trades at $3.27 and can single staked on PancakeSwap. If investors choose to lock their stake, they can earn 83% APR; with the current price of CAKE, this is one of the simplest and best plays within DeFi. Set to target its prior ATH (All-Time High) of $44 in the next bull market cycle. Investors earning CAKE now are locking in enormous future profits.
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