While DeFi token prices are low, many investors are looking to yield farm for compound gains when the crypto markets turn around and bounce.
Many are wondering when the bear market will end and if the top tokens can return to their all-time highs.
In terms of top DeFi coins to earn from in a bad market, crypto experts recommend the following tokens.
1. Gnox (GNOX)
Gnox is a next-generation platform built on the Binance Smart Chain. It offers an easy-to-use platform to earn a yield on users’ deposited cryptocurrencies and a unique blend of features and benefits that make it an attractive option for people interested in yield farming.
Gnox is the first reflection token to use a treasury to invest in a DeFi yield protocol for its users.
The amount of profit investors can make is determined by how long they retain GNOX coins and how many they own. Even if they only have a tiny amount of $GNOX, they can still make a decent profit. GNOX’s mechanism makes it an ideal hold-to-earn token, and it’s a critical passive income source during this bear market.
2. Solana (SOL)
Solana is one of the top ten cryptocurrencies, and it has experienced a 75 percent fall since 2022. Solana is an open-source project that uses the permissionless aspect of blockchain technology to create decentralized financial (DeFi) solutions.
Even though the bears have taken a toll on Solana, the sheer number of projects it hosts and the people who support the initiative indicate that it will recover sooner or later. Its next developments and collaborations will undoubtedly provide it more strength to recuperate and get back on track.
3. Kava (KAVA)
Kava is a cross-chain DeFi platform that offers users of key crypto assets such as BTC, XRP, BNB, and ATOM loans and stablecoin collateral. Users can borrow USDX with crypto asset collateral. On the KAVA platform, USDX is a stablecoin.
Users who own KAVA tokens will receive staking rewards for utilizing their holdings to support the Kava network’s operation and security.
The staking nature of KAVA tokens lends itself to the idea of employing them as a passive revenue source.
Because of the staking nature of KAVA, token owners can earn KAVA token rewards as a passive income by staking a particular quantity of crypto over a period of time.
Staking and yield farming are two well-known passive income options. While proof-of-stake algorithms are extensively employed in cryptocurrencies, Gnox’s Yield Farming System is a first. Due to its sophisticated strategy and strong price growth only in its first presale phase, investors and analysts are hopeful about the newly founded coin.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
DISCLAIMER – “Views Expressed Disclaimer: Views and opinions expressed are those of the authors and do not reflect the official position of any other author, agency, organization, employer or company, including NEO CYMED PUBLISHING LIMITED, which is the publishing company performing under the name Cyprus-Mail…more
Follow the Cyprus Mail on Google News