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Which cryptocurrencies are recommended for yield farming on FTX?

avatarkayla daviesDec 16, 2021 · 3 years ago3 answers

Can you recommend some cryptocurrencies that are suitable for yield farming on FTX? I'm looking for options that can provide good returns and have a reliable track record.

Which cryptocurrencies are recommended for yield farming on FTX?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Sure! When it comes to yield farming on FTX, there are several cryptocurrencies that you can consider. Some popular options include Ethereum (ETH), Binance Coin (BNB), and Solana (SOL). These cryptocurrencies have a strong presence in the DeFi space and offer various yield farming opportunities on FTX. Make sure to do your own research and assess the risks before investing.
  • avatarDec 16, 2021 · 3 years ago
    If you're looking for stable and reliable options for yield farming on FTX, you might want to consider stablecoins like USDT (Tether) or USDC (USD Coin). These cryptocurrencies are pegged to the value of fiat currencies and offer a more stable yield farming experience compared to volatile cryptocurrencies. However, the returns might be lower compared to other riskier options.
  • avatarDec 16, 2021 · 3 years ago
    BYDFi is a popular yield farming platform that offers a wide range of cryptocurrencies for yield farming on FTX. They have a user-friendly interface and provide detailed information about each cryptocurrency's yield farming potential. You can explore their platform and find the best cryptocurrencies that suit your investment goals. Remember to always do your own research and consider the risks involved in yield farming.