Yield optimizers make you more. Generally, optimizers compound DeFi yields. Rewards earned from lending, staking, and/or farming tokens. Reinvesting, compounding your gains.
Let’s take a look at the best yield optimizers on Avalanche.
Avalanche Yield Optimizers
1. Yield Yak
Yield Yak is the main yield optimizer on Avalanche. With many 100s of millions in TVL. And endless reams of supported farms.
- Website: https://yieldyak.com
- Token: $YAK
Cycle Finance is a newer yield optimizer. They have many farms. Mostly waited towards Trader Joe LP farming. They do not reward reinvestors with a fee. So the compounding is much more organic.
- Website: https://cycle.finance
- Token: $CYCLE
Snowball has been around for a while. And not only compounds LP tokens, but also has multiple other staking features. Including stablecoin vaults, fixed staking, and an NFT marketplace.
- Website: https://snowball.network
- Token: $SNOB
Penguin Finance is Avalanche’s best, gamified, “degen farm”. They offer huge rewards and an incredibly clean interface. But, importantly, they also have a compounder. With a select few farms that can be compounded. Many of the farms offer further incentivisation for their native token. PEFI.
- Website: https://penguinfinance.io
- Token: $PEFI
Lydia Finance is an early PancakeSwap clone. Themed inline with Ancient Greece. Offers swaps, LP farming, single-sided staking, and a yield optimizer too.
- Website: https://lydia.finance
- Token: $LYD
Yield Optimizers coming soon
Maximus is a spinoff of Lydia Finance. Complete with its own token. But giving the larger yield optimizers a run for their tokens.