• Latest
Making the Most of DeFi As a Beginner

Making the Most of DeFi As a Beginner

June 15, 2021
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

Making the Most of DeFi As a Beginner

coinnewsdaily by coinnewsdaily
June 15, 2021
in Business
0
Making the Most of DeFi As a Beginner
191
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
AAVE

When the domain name of cryptocurrency pros and whales, decentralized finance (DeFi) has become a lot more accessible lately, due to an influx of user-friendly platforms and an increasing library of resources surrounding DeFi.

However, while DeFi is becoming more and more accessible to the regular cryptocurrency consumer, really making the most of it is not quite so simple. With that in mind, we have a look at some of the most frequently overlooked ways to make the most of what DeFi has to offer.

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

Transaction fees have quickly grown to be a serious problem for many Ether DeFi users, because these have lately reverted to extortionate and possibly unsustainable levels.

Today, with Ether fees now averaging at greater than $10 a pop, it’s not unusual to invest up to 10 percent of a transaction’s value on its own transaction fee alone — ingesting a serious chunk of the earnings for smaller DeFi investors.

Luckily, there is now a variety of solutions in place which may be used to prevent the large fees that usually arrive with DeFi transactions.

Celer’s Layer2.finance is just one such option quickly gaining momentum among DeFi users, due to its capability to cut transaction fees down to just a very small fraction of what users are accustomed to.

This platform is a layer two scaling solution to your Ether DeFi ecosystem and allows users to access a vast array of DeFi programs — such as Curve, Aave, and Compound — using minimal transaction fees. It accomplishes this by firmly aggregating the deposits of numerous users into a single layer 1 transaction to minimize fees, while allowing users to easily and safely move their funds between programs at a minimal cost.

After all, while volatile cryptocurrencies could possibly be earning an impressive APY in a yield farm, liquidity pool, open financing protocol, or some other DeFi protocol, they may be shedding considerable market value — which may make these profits moot.

But while a large proportion of investors simply expect their returns outweigh any probable losses incurred by the underlying asset, others take out protection to ensure they are protected on the downside.

One of the simplest ways to accomplish this is by opening a short position utilizing a decentralized options trading platform like Premia.

The platform also includes a state-of-the-art peer-to-peer marketplace, where users can source liquidity for custom options without relying on centralized trades and custodians. Here, users may trade a variety of options and hedge their resources, protecting themselves from volatility while they bring in yield.

Making the most of your hard-won cash is one of the largest challenges that include investing — doubly so in the cryptocurrency industry, where yields may vary greatly from platform to platform.

But extracting the maximum value from the idle assets is no easy task, due to the sheer number of different investment options and yield-bearing platforms in the DeFi area. As a result, it may become a time-consuming undertaking to keep on top of things, while transferring your money around to optimize your yields.

This is especially problematic once you consider the challenges that include transferring funds across several chains, on account of the cost of bridging assets from one chain to another and maintaining accounts across multiple platforms.

Roseon, an aggregator for DeFi and CeFi platforms across multiple chains, which helps resolve this issue by supplying an program that helps users maximize their returns. It accomplishes this by enabling users to access a vast array of yield-bearing platforms from a single port, while safely aggregating yields from several areas to keep fees to a minimum.

https://twitter.com/RoseonFinance/status/1403215440093057027

The stage is particularly well-suited for novice investors, due to its focus on legal compliance — with Roseon looking to become one of the very first DeFi aggregators to function under a license. This provides an additional layer of security to DeFi users, who may be wary of dealing with otherwise faceless DeFi apps.

Disclaimer: This guide is provided for informational purposes only.

Tags: AAVECrypto BusinessDaiDeFiDefi protocolEthereumfinanceInvestmentMomentumTradeTradingUniswapUSDTYearn
Share76Tweet48
Previous Post

Ether price bounce to $2.6K fails to excite neutral-to-bearish Professional traders

Next Post

Ethereum and Polkadot Co-Founder Gavin Wood on the Kusama ($KSM) Parachain Auctions

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
Ethereum and Polkadot Co-Founder Gavin Wood on the Kusama ($KSM) Parachain Auctions

Ethereum and Polkadot Co-Founder Gavin Wood on the Kusama ($KSM) Parachain Auctions

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,429.00-0.68%
  • ethereumEthereum(ETH)$1,663.440.83%
  • tetherTether(USDT)$1.00-0.10%
  • binancecoinBNB(BNB)$332.342.36%
  • rippleXRP(XRP)$0.4117260.00%
  • cardanoCardano(ADA)$0.4032290.30%
  • dogecoinDogecoin(DOGE)$0.0929251.34%
  • matic-networkPolygon(MATIC)$1.244.44%
  • okbOKB(OKB)$41.053.06%
  • solanaSolana(SOL)$24.680.98%
  • polkadotPolkadot(DOT)$7.006.24%
  • shiba-inuShiba Inu(SHIB)$0.0000134.05%
  • litecoinLitecoin(LTC)$100.100.70%
  • tronTRON(TRX)$0.064132-0.06%
  • daiDai(DAI)$1.00-0.27%
  • cosmosCosmos Hub(ATOM)$15.003.62%
  • chainlinkChainlink(LINK)$7.302.13%
  • ethereum-classicEthereum Classic(ETC)$23.313.21%
  • leo-tokenLEO Token(LEO)$3.380.49%
  • moneroMonero(XMR)$171.54-0.84%
  • bitcoin-cashBitcoin Cash(BCH)$137.730.30%
  • stellarStellar(XLM)$0.0930280.89%
  • filecoinFilecoin(FIL)$5.693.20%
  • crypto-com-chainCronos(CRO)$0.0820971.62%
  • algorandAlgorand(ALGO)$0.2711105.09%
  • vechainVeChain(VET)$0.0248542.39%
  • internet-computerInternet Computer(ICP)$5.870.97%
  • aaveAave(AAVE)$91.132.80%
  • eosEOS(EOS)$1.102.22%
  • elrond-erd-2MultiversX(EGLD)$45.951.55%
  • theta-tokenTheta Network(THETA)$1.124.14%
  • tezosTezos(XTZ)$1.143.67%
  • huobi-tokenHuobi(HT)$5.74-1.06%
  • paxos-standardPax Dollar(USDP)$0.99-0.20%
  • bitcoin-cash-svBitcoin SV(BSV)$43.572.09%
  • havvenSynthetix Network(SNX)$2.571.68%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.374.60%
  • dashDash(DASH)$63.132.39%
  • iotaIOTA(MIOTA)$0.2396792.46%
  • neoNEO(NEO)$8.940.84%
  • makerMaker(MKR)$698.623.73%
  • zcashZcash(ZEC)$47.142.37%
  • zilliqaZilliqa(ZIL)$0.0296093.17%
  • basic-attention-tokenBasic Attention(BAT)$0.2776733.22%
  • compound-governance-tokenCompound(COMP)$54.553.26%
  • nemNEM(XEM)$0.0408334.40%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$38.173.23%
  • bitcoin-goldBitcoin Gold(BTG)$17.372.69%
  • sushiSushi(SUSHI)$1.561.85%
  • qtumQtum(QTUM)$2.801.79%
  • wavesWaves(WAVES)$2.9112.14%
  • yearn-financeyearn.finance(YFI)$7,922.372.35%
  • golemGolem(GLM)$0.2595164.59%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • omisegoOMG Network(OMG)$1.577.14%
  • ontologyOntology(ONT)$0.2238414.49%
  • digibyteDigiByte(DGB)$0.0112052.42%
  • umaUMA(UMA)$2.121.81%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%