Top Yield Farming Platforms for 2024 for Pinoys: Maximize Your Crypto Earnings

We know that digital banks offer high interest rates. By just saving money through a savings account, your funds can grow and earn interest. 

• For instance, the annual interest in GoTyme ‘s GoSave is 4%—around 0.33% per month. This means that if I have ₱1,000 in my GoSave account, I will earn ₱3.30 pesos monthly, or ₱40 per year.

A similar concept exists in crypto, known as yield farming, or “HODL and Earn” campaigns by local crypto exchanges, international dexes, and platforms.

What’s the Significance? This guide aims to provide a list of platforms that offer yield farming. 

Platforms for Yield Farming: A LIST

As of October 2024

*In Alphabetical Order

CIAN

• What is it? A DeFi yield strategy protocol decentralized automation platform on Polygon
• Yield Offered: Up to 7.74% per annum or up to 0.65% monthly. 
• Conditions: 
  • Deposit $ETH and $ETH liquid tokens (rsETH, stETH, rstETH, ETHx, WETH, wstETH, steakLRT). 
• Rewards Crediting: No available information. 
• Campaign Until: No available information.
• Campaign Link: https://yieldlayer.cian.app/vaults/0xB13aa2d0345b0439b064f26B82D8dCf3f508775d?chainId=1

Coins.ph

• What is it? Coins.ph is a local cryptocurrency exchange in the Philippines. It is licensed under the Bangko Sentral ng Pilipinas as a Virtual Asset Service Provider (VASP).
• Yield Offered: Up to 8% per annum or 0.67% monthly. 
• Conditions: 
  • Convert PHP to $PHPC and hold at least 1,000 $PHPC. (8%)
  • Buy and hold at least 1,000 $LAT. (5%)
  • Buy and hold at least 700 $CRETA. (5%)
  • Buy and hold at least 100 $AIR. (7%)
  • Buy and hold a minimum of 0.1 $SOL (5%)
• Rewards Crediting: Weekly
• Campaign Until: No available information for $PHPC, $AIR, and $SOL. $LAT, $CRETA. are until October 6 only. 
• Check out campaign mechanics here for $PHPC, for $LAT, for $SOL, for $CRETA, for $AIR.

Kamino

• What is it? A Solana-based protocol that claims to successfully combine lending, liquidity, and leverage into a single product.
• Yield Offered: Up to 7.88% per annum or up to 0.66% monthly. 
• Conditions: 
  • Deposit $JTO or $SOL. 
• Rewards Crediting: Daily
• Campaign Until: No available information.
• Campaign Link: https://app.kamino.finance/liquidity/HCntzqDU5wXSWjwgLQP5hqh3kLHRYizKtPErvSCyggXd

Pendle Finance

• What is it? A major decentralized finance platform that introduces a permissionless yield-trading protocol and currently supports Ethereum, Arbitrum, and BNB Chain. 
• Yield Offered: Up to 39.03% per annum or up to 3.25% monthly. 
• Conditions: 
  • Restake $ETH liquid tokens. 
• Rewards Crediting: Until maturity date.
• Campaign Until: There are many options within 2024. 
• Campaign Link: https://app.pendle.finance/trade/markets?chain=ethereum 

Philippine Digital Asset Exchange (PDAX)

• What is it? PDAX is also one of the key players in the local crypto exchange scene and holds a VASP license. 
• Yield Offered: 10% per annum or 0.83% monthly. 
• Conditions: 
  • Must be a level two verified account with a qualified transaction (buy and sell crypto, buy and sell bonds, filled limit order transactions). 
  • Hold at least 250 $USDC on Solana, Tron, or Base Network.
• Rewards Crediting: Weekly every Wednesday
• Campaign Until: October 31, 2024
• Campaign Link: https://pdax.ph/hold-and-earn/ 

Radiant

• What is it? A decentralized lending protocol that allows users to earn interest and borrow assets across various blockchains. It is built on LayerZero technology and operates on both Arbitrum and Binance Smart Chain.
• Yield Offered: Up to 34.78% per annum or up to 2.90% monthly. 
• Conditions: 
  • Deposit major crypto assets. 
• Rewards Crediting: No available information. 
• Campaign Until: No available information 
• Campaign Link: https://www.radiant.magpiexyz.io/stake \

Stader

• What is it? A non-custodial, smart contract-driven staking platform that acts as an essential staking middleware infrastructure for various Proof-of-Stake networks. 
• Yield Offered: 5.16% per annum or 0.83% monthly. 
• Conditions: 
  • Stake $MATIC. 
• Rewards Crediting: No available information
• Campaign Until: No available information
• Campaign Link: https://www.staderlabs.com/polygon/stake/ 

Stride

• What is it? A liquid staking protocol that allows users to utilize their staked tokens for other purposes, such as trading or providing liquidity, while still earning the staking yield.
• Yield Offered: Up to 13.65% per annum or up to 1.13% monthly. 
• Conditions: 
  • Stake $ATOM. 
• Rewards Crediting: After unbonding date.
• Campaign Until: For the first 21 to 24 days only. 
• Campaign Link: https://app.stride.zone/?chain=ATOM 

Solv

• What is it? Solv Finance is a “Decentralized Bitcoin Reserve” that implements a zero-trust architecture. Through a liquidity consensus infrastructure, it claims to serve as a comprehensive gateway to BTCFi.
• Yield Offered: 9.42% per annum or 0.79% monthly. 
• Conditions: 
  • Deposit $WBTC. 
• Rewards Crediting: October 2028
• Campaign Link: https://app.solv.finance/fund/open-fund/detail/32 

Tonstakers

• What is it? It is a liquid staking platform for The Open Network (TON). The platform issues tsTON, a liquid $TON token that users receive for staking, which can be used or swapped within the TON blockchain.
• Yield Offered: Up to 31.31% per annum or 2.61% monthly. 
• Conditions: 
  • Deposit $TON. 
• Rewards Crediting: No available information. 
• Campaign Link: https://app.tonstakers.com/ 

This article is published on BitPinas: Top Yield Farming Platforms for 2024 for Pinoys: Maximize Your Crypto Earnings

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