Best coin to farm right now

[livingfree]

snip

How many ron/wron you currently have been farming? (snip..)

Currently, I have a position in the Liquidity pool for the WETH-SLP pair worth around $400 USD, and I am averaging, I believe, 1 RON every two days. Now, I think the total WRON being farmed is around 15WRON as of this writing, but I feel inclined to top-up the position once more to maximize the remaining days until February 2nd.

I also set the groundwork in staking AXS to generate at least 0.5 AXS per day, which I believe is achievable.

Wow, that's nice.
[..snip]I don't know how to calculate the average that I'm getting daily.

I don't know how, I just monitor the WRON reward on a daily basis on a specific time just to collect enough sample data in order to average it.

Hopefully that by February, we'll get some surprising profit with it positively.

[...snip]But do you have any estimation how much AXS you need to stake for you to earn 0.5 axs per day?

Currently we have around 112% Annual Percentage Return (APR) which can be seen on the AXS staking dashboard. And to calculate your daily reward, you need to consider how many AXS is currently at stake. The formula to get the daily rewards based on the current APR are as follows.

No.of AXS staked / APR(%) = No. Of AXS rewards within a year.

So in order to calculate the daily reward, you'll just need to divide the quotient from 365 which is the number of days in a year. And to answer the question on how we can have a 0.5 AXS per day, you need to have at least 165 AXS staked as per the current APR.

165 / 112% = 184.8
184.8 / 365 = 0.50 AXS per day

That's a lot for you to cope up. But good luck to that and with DCA you can reach that amount since staking is just there and you only need to keep on buying AXS and stake it as soon as possible.

[Pejoh Asu]

It's undeniable that the year 2021 was influenced by the coin meme, Doge and Shiba continued to explode so that the market in general became positive, even though many people didn't like it because they thought it was just trash and there was no direct adoption, but the meme community is so big that it deserves to be followed.

[Kodok Bencot]

Staking on Pancake is decreasing APR so I prefer staking on ApeSwap, there is still APR of more than 100% so it's worth choosing and trying, some altcoins also have good performance even though they are new.

[TastyChillySauce00]

You should remember that APY is not everything if the coin you farmed is falling in value because the circulating supply becomes too inflated due to the high APY they offer for temporary fame.
I think it’s better to choose a coin with high APY but also high market capitalization so that even if the APY offered is high, your waiting will not come to waste due to volatility or something like that, though to be honest, stablecoin staking is still the way to go
even if the APY offered is low because it’s just more stable and a lot more safer than staking in coin that offers APY but could lose almost half of its value once the reward is unlocked.
However, staking in a coin that’s NFT game based also could be an alternative if you really looking for a coin farming with quite high APY but also relatively stable, Axie and Vulcan Forged, they both offer staking for the land owners in their game if i’m not mistaken.
It seems with the game could make the staking they offered with high APY seems more sustainable and not just something that’s too good to be true.

[LUCKMCFLY]

snip

How many ron/wron you currently have been farming? (snip..)

Currently, I have a position in the Liquidity pool for the WETH-SLP pair worth around $400 USD, and I am averaging, I believe, 1 RON every two days. Now, I think the total WRON being farmed is around 15WRON as of this writing, but I feel inclined to top-up the position once more to maximize the remaining days until February 2nd.

I also set the groundwork in staking AXS to generate at least 0.5 AXS per day, which I believe is achievable.

Wow, that's nice.
[..snip]I don't know how to calculate the average that I'm getting daily.

I don't know how, I just monitor the WRON reward on a daily basis on a specific time just to collect enough sample data in order to average it.

[...snip]But do you have any estimation how much AXS you need to stake for you to earn 0.5 axs per day?

Currently we have around 112% Annual Percentage Return (APR) which can be seen on the AXS staking dashboard. And to calculate your daily reward, you need to consider how many AXS is currently at stake. The formula to get the daily rewards based on the current APR are as follows.

No.of AXS staked / APR(%) = No. Of AXS rewards within a year.

So in order to calculate the daily reward, you'll just need to divide the quotient from 365 which is the number of days in a year. And to answer the question on how we can have a 0.5 AXS per day, you need to have at least 165 AXS staked as per the current APR.

165 / 112% = 184.8
184.8 / 365 = 0.50 AXS per day

Wow, thank you very much for sharing those numbers, the truth was I did not know that I had those returns, however currently as the market is moving, do you think that in an ongoing trend by the BTC is bullish these numbers will improve if the metaverses are successful? because obviously if the BTC market goes down, the profitability goes down and this is a direct consequence of the whole market.

If we put these numbers in context we can get an idea what the profit represents for AXS, if staking with another coin of more value the results will be better, it is a great option of starting point of analysis for everything.
I am in a decentralized exchange where I put very little money to farm with a token of a game that until now has not become scam, but I am testing everything, to see if in the long term this is profitable.

[Kelvinid]

In the past couple of years back we are not familiar with the term cryptocurrency farming not until the development of defi projects that see to the introduction of yield farming and since then many investors have dived in just to make some good profits from this new invention.
But to choose the right coin to farm is another vital aspect of it, so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.

Well, farming is another way to make money but can't expect that it contributed a lot to your capital. Even choosing the higher APY coins still won't give you much. However, investing in crypto is just like we are in gambling, sometimes we got lucky and sometimes we're not. To choose the life we have like getting into farming is your well, and that you will think that satisfies you somehow in the end.

Anyhow, the risk is too low when compared to trading but if you can do trading, I guess this was the best option to take.

[Luqman]

Farming is popular moreover during 2021. And many coins are valuable enough for farming.
Many people are also getting their own earnings from some platforms trusted that can give the farming features.
However, not all farming platforms are recommended and trusted.
I ever did it several times and enough for me to earn the income.
But now, it is not doing yet again.

so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.

I am not sure if there is a farming platform that can give such a guarantee, moreover with speedy profits.
Or is it any trusted and reputable one that still works until now and proven?

[TimeTeller]

Farming is popular moreover during 2021. And many coins are valuable enough for farming.
Many people are also getting their own earnings from some platforms trusted that can give the farming features.
However, not all farming platforms are recommended and trusted.
I ever did it several times and enough for me to earn the income.
But now, it is not doing yet again.

so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.

I am not sure if there is a farming platform that can give such a guarantee, moreover with speedy profits.
Or is it any trusted and reputable one that still works until now and proven?

Most farming platforms will not guarantee a speedy profit.
What I have seen is that you can farm in at least more reputable sites.
The APY may not be that high, but at least you have high assurance that you can get your money back plus profits.
If the site is offering too-good-to-be-true ROI, doubt their capability or legitimacy.
High likely that you can get few payouts at the beginning but later on, they may disappear or you won't get any dividends anymore.

[timerland]

In the past couple of years back we are not familiar with the term cryptocurrency farming not until the development of defi projects that see to the introduction of yield farming and since then many investors have dived in just to make some good profits from this new invention.
But to choose the right coin to farm is another vital aspect of it, so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.

I think that right now, with so much market volatility, you might want to farm some stablecoin pairs.

Specifically there are some great yields on the Fantom ecosystem with Spiritswap and Spookyswap, you can definitely get 20%+ APY on those.

Alternatively, take a look at the UST deposits on Anchor protocol - you are essentially making 19.5% on fiat with little risk.

[Tellek Garing]

Farming is popular moreover during 2021. And many coins are valuable enough for farming.
Many people are also getting their own earnings from some platforms trusted that can give the farming features.
However, not all farming platforms are recommended and trusted.
I ever did it several times and enough for me to earn the income.
But now, it is not doing yet again.

so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.

I am not sure if there is a farming platform that can give such a guarantee, moreover with speedy profits.
Or is it any trusted and reputable one that still works until now and proven?

I don't know of any for now but again I can't say farming is no longer profitable nowadays as many investors are still cashing out farming profit on daily as it depend on the APY and the rewarded percentage, I will say you should carryout a personal research to discover good-paying farming coins in the market and the best platform to carry out such farming activities to gain such reward.

[riskarcher]

Farming is popular moreover during 2021. And many coins are valuable enough for farming.
Many people are also getting their own earnings from some platforms trusted that can give the farming features.
However, not all farming platforms are recommended and trusted.
I ever did it several times and enough for me to earn the income.
But now, it is not doing yet again.

so am kind of thinking to go into farming but my concussion is in choosing the coin to farm at the moment that will guarantee speedy profits.

I am not sure if there is a farming platform that can give such a guarantee, moreover with speedy profits.
Or is it any trusted and reputable one that still works until now and proven?

I don't know of any for now but again I can't say farming is no longer profitable nowadays as many investors are still cashing out farming profit on daily as it depend on the APY and the rewarded percentage, I will say you should carryout a personal research to discover good-paying farming coins in the market and the best platform to carry out such farming activities to gain such reward.

I also heard rumors that farming coins will make the value of this coin decrease, logically if the coin is farmed with a certain APY or APR percentage it will cause an increased supply circulation which has an impact on the coin price, which means the higher the farming coin we get, the lower the value obtained. Not bad if we are farming for short term but for long term is not recomended

[LUCKMCFLY]

Farming in crypto today you can see that there are several new chains being created for a definite profit. the new network suitable for farming on NFT tokens and the metaverse of the two networks became the main topic in crypto this year, there are several projects that have appeared in the ajan metaverse network the potential benefits of which can be very promising.

Yes, you are right on one point, what apsa is that when talking about NFTs people usually make a barrier, because everything is associated with NFT games and obviously with all that ponzi scheme that turned out to be in most games For me, doing a good farm is on some platforms with reliable games, where you don't win much, but the profits are safe, for example in Betfury, if you have BFG tokens you farm and you get a lot of profit in terms of the main currencies, already It is more oriented towards staking or as they call it over there as passive earnings, as well as the staking that is done in some exchanges, for me these things represent more security.

[rahmad2nd]

Farming is good but you need to know rule about farming, when you out and price of your coin farming pump you will not get full or the same amount of your coin, will convert with the same value only, example you farming BNB and CAKE coin both have value $1000, but when CAKE and BNB pump and your assets increase almost $2000 when you out you only earn with value $1000 or your coin will deducted between Cake or BNB coin, so think again with farming.