What is a yield aggregator?

investors maximize passive income from yield farming. Yield aggregators consolidate staking contracts across different protocols to make it easier to find the best DeFi crypto staking opportunities, thus helping maximize user profits.

What is the difference between a yield aggregator and a Defi platform?

As investors are out there chasing higher rates and lower fees, DeFi platforms want to deliver with more rewards and better staking incentives. While most yield aggregators function almost identically, the biggest differences between them are the blockchains they support and the DeFi protocols they utilize.

What is yield farming in crypto?

Yield farming, also known as liquidity mining, refers to the lending or staking of cryptocurrency in decentralized finance (DeFi) protocols to earn additional tokens as a reward. Yield farming has become popular because it offers the potential to earn higher returns compared to traditional saving methods.

What are the best APY aggregators on Ethereum?

Each DeFi aggregator employs a different combination of yield optimization tactics which results in varying APY rates for staking the same asset on different platforms. Yearn Finance is one of the top yield aggregator platforms on Ethereum that's also deployed on Fantom and Arbitrum.