Reading time: ~2 m
Analyst firm Bolide Finance reported that the DeFi sector is showing positive returns for investors despite the crypto winter and declining volumes.
The four DeFi protocols selected by Bolide Finance analysts recorded a return of 2.87% on average between January and July. During this time, the Acryptos DeFi project has recorded the highest return on average at 6.4%, while the profit peaked at 12.55% in January of this year.
The list of lending platforms with positive average returns from January to July included Autofam (1.2%), Beefy Finance (3.75%) and Killswitch (0.17%). DeFi PancakeSwap outperformed all other platforms with an average return of 265.12%. Investors on this platform recorded the highest return in April – 318.08%.
The first decentralized exchange (DEX) on the BNB chain, Biswasp had an average return of 28.94%, followed by Index at 25.7%, while Elipse came in third at 25.4%. Nomiswap recorded a yield of 0.77%. Dforce recorded the highest return on lending services, averaging 8.75% in the first seven months of the year.
Individual lending platforms, including CREAM Finance, Dforce, Liqee, Valas, and Venus, have averaged 3.05% returns. Profitability in DeFi underscores the change in investment strategies as an attempt to counter the extended crypto sector correction seen in 2022, according to analysts at Bolide Finance. Investors prefer to trade less and focus on getting stable returns in anticipation of the next market rally.
US Federal Reserve Chairman Jerome Powell
(Jerome Powell) recently announced the need for proper regulation of DeFi due to the “conflict of interest” of this sector of the economy with traditional finance.
#Investors #prefer #stable #DeFi #returns #trading