What is The Best DeFi Cryptocurrency?

First, let’s be clear — why DeFi? Why not some other form of investment?

With standard cryptocurrencies like Bitcoin or Ethereum, you don’t get anything other than the market price growth, if you are lucky enough to buy when the price was low.

DeFi, on the other hand, provides you with the ability to yield farm — meaning that you get paid to provide liquidity. You are a part of a just ecosystem that optimizes your tokens to make the highest possible income.

There isn’t the single best DeFi, but there are a couple I would recommend to anyone, regardless of whether they are a beginner crypto investor or a pro trader.

I would like to talk about the most promising projects that start yield farming on the 1st of December — YFBTC and YFETH, tokens based on the two biggest cryptocurrencies — Bitcoin and Ethereum (BTC and ETH). There’s also WBTC. YF means that the original Bitcoin and Ethereum are put to use to bring as much return on investment as possible. WBTC stands for Wrapped Bitcoin.

Think of legacy BTC and ETH as static coins, and YFBTC and YFETH as their dynamic versions — improved with new DeFi capabilities.

WBTC is a really nice project, but I think that YFBTC is an even better DeFi version of Bitcoin. It is basically just a coin tethered to BTC, while YFBTC offers many more capabilities.

I am really excited about these tokens - YFBTC actually went up from $300 to $620 in a couple of days since its launch. I can’t wait to see what will happen in an upcoming couple of weeks.

I hope you enjoyed my article on the best Bitcoin DeFi, and I hope that I helped you with your decision in choosing the best one. Subscribe for more, see you around!