Matic Yield Farming

What Is Yield Farming?

Yield farming is a way to get rewards and profit from your cryptocurrency assets by protecting them on the DeFi platform.

What Is Polygon?

Polygon (Matic Network was the first name of the project) is a sidechain or a subsidiary of the Ethereum blockchain, created to speed up the work of decentralized applications and smart contracts. Polygon has recently become very popular in the DeFi space. Especially for platforms and protocols built based on Ethereum. Polygon ecosystem has many advantages for its users. For example, such as:

  • Higher yields due to the relative infancy of the network.
  • Instant completion of transactions.

How Much Can I Earn Using a Yield Farm?

As there are so many platforms, the rewards you can earn vary. The most popular platforms offer anywhere between 10–50% yield on major assets such as:

  • Polygon (Matic)
  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Stable coins like USD and USDCHF

Top 3 Yield Farms on Polygon

Now we’ve answered some questions you might have about yield farming, let’s move on to our rundown of the top 5 yield farms (yield farming opportunities) on Polygon —

Quick Swap

QuickSwap is top on our list of the top yield farms on the Polygon network. Quick Swap is a leading DEX and AMM on the Polygon network. It’s a fork of Uniswap, the leading Ethereum-based DEX.

Aave

Aave is a non-custodial liquidity protocol that specializes in the lending and borrowing of assets. On Aave, users can deposit their assets as collateral and “borrow” against them or simply “lend” them via deposits to Aave and generate yields.

Sushi Swap

Sushi Swap is known primarily for its DEX but has recently expanded its range of apps to lending, staking, and yield farming solutions. Originally a fork of Uniswap, Sushi Swap has grown considerably since the DeFi space exploded. It remains one of the more popular yield farms on Polygon for novice and experienced DeFi users alike.

Results

As the DeFi space continues to grow, there will naturally be new high-yield farming options as more and more investors seek to use their assets efficiently and maximize their profits. It is worth noting that more and more projects are appearing in the Polygon ecosystem, but the yield growth shows no signs of slowing down for both retail players and veterans.

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