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Author: Admin | 2025-04-28
The Securities and Exchange Commission (SEC) listing certain assets as securities, thereby bringing them under their jurisdiction. The New York Attorney General has also banned some yield farming platforms, with several other states issuing cease and desist orders.Popular yield farming protocolsDespite a bearish market, DeFi's TVL surpassed $38 billion in 2023. Though this figure is down from $112 billion in TVL in 2022, investors continue to provide liquidity into yield farming platforms. Here's a list of some of the most popular platforms:MakerDAOMakerDAO is a smart contract-enabled decentralized lending-borrowing platform where users can deposit collateral to mint an algorithmic stablecoin, DAI. This stablecoin is usable across more than 400 dApps and DeFi platforms.MakerDAO has its own native token called Maker (MKR) which also functions as a governance token. Running on Ethereum, MakerDAO has the highest TVL of $4.7 billion, down from $14.5 billion in 2022.AaveAave is a multi-chain yield farming platform for lending and borrowing assets with dynamic and algorithmically controlled interest rates. Users can act as liquidity provider to Aave's liquidity pools to earn yield. They can also stake digital assets to participate in the protocol's governance. Owners of AAVE, the platform's governance token, can vote for protocol upgrades and other improvement proposals.Aave is another common platform to yield farm, with $4.6 billion TVL, down from nearly $9 billion in 2022.UniswapUniswap is a leading DeFi trading protocol where users can exchange tokens and participate in liquidity mining. Users supply liquidity to pools in a 50:50 ratio against which traders execute their trades. In return, investors earn a few percentage points of the trading fees, as well as UNI governance tokens.Uniswap is one of the most popular yield farming protocols, with $3.2 billion TVL in 2023.Curve Curve is a yield farming platform where users can perform trustless token swaps across stablecoin liquidity pools. Curve uses its own Automated Market Maker (AMM) algorithm that allows trading liquidity with low slippage across low-risk stablecoin pools. The protocol runs on the Curve DAO Token (CRV), with which users can make decisions via governance voting power.Curve is a top protocol to earn passive income on deposited assets, with $2.2 billion TVL in 2023.InstaDappInstaDapp is a yield farming protocol that allows developers to build custom DeFi infrastructure and monetize them for higher returns. It comes with a simple Javascript code that frees developers from worrying about auditing their contract code. Non-developers can also manage their portfolios by opting for lucrative yield farming strategy options through the Instadapp Lite feature.InstaDapp is a promising platform for users of varying experience levels to earn passive income , with $1.79 billion TVL in 2023. Convex Convex is a yield farming platform where liquidity providers from Curve can deposit their LP tokens to earn rewards. These rewards include boosted CRV tokens as well as CVX tokens. Users can stake these tokens to earn additional interest from the protocol. Convex is a widely-used protocol to earn yield on liquidity deposits, with $1.82 billion TVL in 2023.Compound Compound (COMP) logoCompound is a yield
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