Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Ethereum Price Rally on the Way?

02/08/2025

US stocks largely flat as investors weigh earnings, tariffs

02/08/2025

UK FCA to allow retail investors to buy Bitcoin and crypto ETNs

02/08/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Both ends of the curve agree — there’s not enough bitcoin for everyone

    02/08/2025

    Pledditor vanishes from X as bitcoin hits all-time high

    02/08/2025

    $100 Billion BlackRock Bitcoin ETF Prediction Revealed

    02/08/2025

    Satoshi Will Dethrone Elon Musk as World’s Richest at This Bitcoin Price

    02/08/2025

    Ethereum Price Rally on the Way?

    02/08/2025

    10 Ways Ethereum Changed Crypto Over the Past Decade

    02/08/2025

    Ethereum Defies Bitcoin Slump as Analysts See Path to $5,000

    02/08/2025

    Ethereum Foundation’s Latest Strategic ETH Transfer: Unpacking the Details

    02/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    02/08/2025

    Labubus have succeeded in every way that NFTs have failed

    01/08/2025

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    31/07/2025

    NFT sales surge to $574 million in July, second-highest in 2025

    31/07/2025

    Ethereum Price Rally on the Way?

    02/08/2025

    US stocks largely flat as investors weigh earnings, tariffs

    02/08/2025

    UK FCA to allow retail investors to buy Bitcoin and crypto ETNs

    02/08/2025

    Assetera Opens Tokenized Securities Market to Crypto Exchanges With MiFID-Compliant API

    02/08/2025
  • Blockchain

    IONOS’ InternetX plans to tokenize 22M domains through Doma Protocol

    01/08/2025

    The Protocol of Agents: Web3’s MCP Potential

    01/08/2025

    EToro Plans to Tokenize U.S. Stocks on Ethereum in Blockchain Push

    01/08/2025

    Circle Wallet’s Strategic Leap for Web3 Developers

    01/08/2025

    Pyth Network brings Hong Kong stock prices onchain for global access

    01/08/2025
  • DeFi

    Strobe Finance Launches on Axelar Network to Power DeFi Capabilities, Cross-Chain Interoperability

    02/08/2025

    Chainlink introduces new pricing methodology for DEX-traded assets

    02/08/2025

    Why This DeFi Dip Might Be the Start of a Major Rotation?

    02/08/2025

    Lido cuts staff, Curve rethinks L2s

    02/08/2025

    Alchemy Pay Integrates into Solv Protocol to Bridge Fiat with Bitcoin DeFi

    02/08/2025
  • Metaverse

    Where Has the Metaverse Gone? Examining a Failed (and Costly) Trend

    01/08/2025

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025

    The Sandbox Launches Largest LAND Auction Using GBM Protocol

    21/07/2025

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025
  • Regulation

    US stocks largely flat as investors weigh earnings, tariffs

    02/08/2025

    Wall Street is Warming Up to Rate Cuts—Will Crypto Be the Biggest Winner?

    02/08/2025

    DevvStream pivots, anchors crypto treasury to BTC and SOL

    02/08/2025

    XRP and BTC Prices Spike Amid Rumors of Powell’s Resignation

    02/08/2025

    The Node: JPM’s BTC Lending Play

    02/08/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Assetera Opens Tokenized Securities Market to Crypto Exchanges With MiFID-Compliant API

    02/08/2025

    Over 40% of Jupiter’s Trading Volume Now Flows Through Private AMMs

    02/08/2025

    Kraken Shifts 82,277,388 XRP Worth $246M to Unknown Wallet

    02/08/2025

    Crypto exchange Gate launches spot trading services in the US

    02/08/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    02/08/2025

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    01/08/2025

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    31/07/2025

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    30/07/2025

    Sanctioned nations are secretly mining Bitcoin and the clues are in the hash rate

    02/08/2025

    Bitcoin Mining Profitability Last Month Hit Highest Level Since the Halving: JPMorgan

    01/08/2025

    Bitcoin mining faces surging power demands and record-low fees

    01/08/2025

    Auradine Shipped $73M Worth of Bitcoin Miners to MARA in H1 2025

    31/07/2025

    UK FCA to allow retail investors to buy Bitcoin and crypto ETNs

    02/08/2025

    SEC’s “Project Crypto” Announcement Marred by False ETH Security Rumors

    02/08/2025

    State of stablecoins after GENIUS Act: Expert weighs in

    02/08/2025

    Czech justice ministry should have rejected crypto gift, auditors say

    02/08/2025

    Ethereum Price Rally on the Way?

    02/08/2025

    US stocks largely flat as investors weigh earnings, tariffs

    02/08/2025

    UK FCA to allow retail investors to buy Bitcoin and crypto ETNs

    02/08/2025

    Assetera Opens Tokenized Securities Market to Crypto Exchanges With MiFID-Compliant API

    02/08/2025
  • MarketCap
NBTC News
Home»DeFi»5 Best DeFi Yield Aggregators in 2024
DeFi

5 Best DeFi Yield Aggregators in 2024

NBTCBy NBTC20/02/2024No Comments9 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


In recent years, decentralized finance (DeFi) has emerged as an exciting new frontier that is challenging traditional finance (TradFi) in innovative ways. While TradFi requires centralized intermediaries like banks, DeFi enables peer-to-peer transactions without such middlemen through programmable smart contracts on blockchain networks.

One popular use case for DeFi is yield farming – earning returns by supplying crypto assets as liquidity to decentralized applications (dApps). However, manually managing exposures across multiple dApps can take time and effort. This is where DeFi yield aggregators come in handy. By automating the yield farming process, aggregators make it easy to take advantage of opportunities across the DeFi ecosystem with a single transaction.

But with dozens of options available, choosing the right aggregator can seem overwhelming. To help simplify the decision, this article will explore how yield aggregators work and provide an overview of 5 top platforms that are continuously pioneering new advancements in 2024. Stick around to the end to find helpful tips for selecting an aggregator that matches your risk tolerance and goals.

THE BEST DEFI YIELD AGGREGATORS IN 2024:

  1. Yearn Finance – Pioneering decentralized vault manager
  2. Convex Finance – CRV token boosting protocol
  3. Beefy Finance – Multi-chain yield optimizer
  4. Harvest Finance – Automated yield maximizer
  5. Idle Finance – Set and forget approach

What are DeFi yield aggregators?

At its core, DeFi is all about permissionless access to financial services and maximizing returns on digital assets through decentralized applications. Yield farming lets users earn interest by supplying liquidity to these dApps, such as lending protocols, automated market makers (AMMs), and staking mechanisms. However, manually jumping between opportunities is cumbersome and comes with drawbacks like high gas fees on Ethereum.

This is where yield aggregators step in as the air traffic controllers of DeFi. By combining assets into automated “vaults,” these platforms pool together liquidity from multiple yield sources and then continuously seek out and shift exposures to optimize earnings. This process of autocompounding rewards is handled by smart contracts without any work from users. Aggregators also reduce gas costs by bundling transactions.

The result is a “set it and forget it” experience where digital dollars work day and night, generating optimum risk-adjusted returns without keeping track of numerous interfaces. It’s a convenient one-stop-shop approach to DeFi. Now whether they can be trusted with our crypto is another question.

How does DeFi yield aggregators work?

To understand how these magical yield machines function, let’s break down the process into three key steps:

Liquidity provision

Users deposit supported assets like stablecoins, ether, or governance tokens into an aggregator’s vaults. This pooled capital is then supplied as liquidity to various DeFi protocols.

Yield optimization

The aggregator’s smart contracts monitor yields across the ecosystem in real-time, looking for higher risk-adjusted returns. They automatically shift exposures between opportunities, like when a new farming incentive emerges.

Compounding returns

Periodically, usually every few minutes, rewards from each source are harvested, converted to new tokens if needed, and redeposited. This constant autocompounding snowballs users’ balances over time without any clicks required.

The 5 best automated DeFi yield aggregator platforms in 2024

By juggling positions behind the scenes, aggregators aim to outperform standalone strategies through rebalancing magic. It’s the ultimate set-it-and-forget-it experience for yield farmers – like putting your crypto on autopilot. Of course, the devil is often in these automated details.

1. Yearn Finance – The OG yield aggregator

Dubbed “the yield cow” of DeFi, Yearn has long stood out as the OG aggregator by continuously pioneering new vault strategies since its launch in early 2020. It pioneered the concept of auto-compounding yields via its yVaults, where assets continuously generate returns without manual claiming/restaking by farmers.

Today Yearn operates as an open-source DAO with over $1 billion in total value locked (TVL) across Ethereum, Fantom, Polygon, and other networks. It has expanded to cover virtually all blue-chip DeFi protocols like AAVE, Compound, Curve, SUSHI, and more – often becoming the largest liquidity provider.

Users can choose from dozens of stablecoin-focused vaults carrying low risks. Or they can deploy to higher yield/risk strategies like yAxis’ leveraged tokenized positions. Yearn also insures funds via third-party protocols and recently started to incorporate NFT borrowing. It remains the 800-pound gorilla due to its vast experience and ecosystem influence.

  • Established brand with sizable TVL backing strategies
  • Pioneered the yield aggregator model
  • Supports Ethereum and networks like Fantom
  • Interface can be complex for beginners
  • High gas costs on Ethereum during periods of congestion

2. Convex Finance- Curve boosts for CRV holders

As a specialized Curve-focused aggregator, Convex takes a slightly different approach. It auto stakes users’ liquidity provider (LP) tokens earned from Curve pools into its cvxCRV staking contract. This provides boosted earnings from trading fees that are redistributed as incentives.

The platform automatically rebalances exposures, claims rewards, and restakes – without users needing to lock tokens long-term as with Curve. Currently, it supports stablecoin pools and has quickly amassed a TVL of more than $1.75 billion. Convex innovates at a rapid clip too, such as its recent Convex Boost program experimenting with new reward distributions.

While narrowly tailored to optimizing Curve positions, Convex stands out for leveraging an existing blue-chip protocol. It also launched on Ethereum, Fantom, and Polygon, helping spread adoption. Solid transparency and third-party reserves further boost its credibility for set-it-and-forget-it staking with Curve.

  • Leverages lucrative CRV incentives
  • Simpler vault structure than Yearn
  • Lower fees than Yearn in some cases
  • CRV price exposure adds risk
  • Fewer integrated protocols than competitors

3. Beefy Finance – Beginner-friendly multi-chain aggregator

One of the prime multi-chain aggregators, Beefy provides a variety of automated vaults across Ethereum, Polygon, BSC, Avalanche, and others. This includes strategies concentrating on stablecoins, yield farming protocols like Curve, and specific network tokens.

Beefy differentiates through competitive APRs maintained by automatically switching between protocols based on rates. Plus, its team is diligent about sharing ongoing security assessments and smart contract audits, which is important for trust in automation. Beefy also pioneered insured vaults via partnerships and uses multi-sig wallets to guard funds.

While lacking Yearn’s experience or Convex’s Curve focus, Beefy offers users simplified access to yields across several dominant networks. Its solutions are tailored for set-it-and-forget-it farming without advanced DeFi knowledge required. Beefy continues fine-tuning strategies and expanding to more chains to solidify its position as a leader for passive aggregator earnings.

  • Easy-to-use interface for new users
  • Multi-chain coverage for portfolio diversification
  • Competitive APYs across different assets
  • Fewer advanced strategies than some competitors
  • Support for newer chains still being developed

4. Harvest Finance – Automated asset management

Operating on Ethereum, Polygon, and BNB Smart Chain, Harvest Vaults target yield farming protocols and stablecoin strategies. It autostakes over 60 different tokens while aiming to maximize risk-adjusted returns. Harvest’s team also pools community funds for initiatives like launchpad investments.

The protocol implements smart contract upgrades carefully with multi-sig approvals and has undergone multiple security audits. Meanwhile, Harvest is gradually introducing more specialized vault types tailored to network or protocol-focused yields. This includes pools for Olympus DAO, AAVE, SushiSwap, and others.

While Harvest may lack the raw TVL or name recognition of top platforms, it remains a trusted brand through transparent team communications and gradual product expansion. The aggregator presents itself as a more specialized – but still hands-free – way to access blue-chip DeFi protocols globally.

  • Advanced strategies utilizing algorithmic trading
  • Intuitive interface optimized for mobile
  • Strong cross-chain integrations including Polygon
  • Steeper learning curve than simpler aggregators
  • Strategies not as transparent as vault-based systems

5. Idle Finance – Set-it-and-forget-it DeFi

Specialized in stablecoins and money markets, Idle offers a variety of single-asset and diversified vaults optimized for capital efficiency and risk management. The aggregator leans on automated yield strategies via protocols like AAVE, Compound, and Conrad to form risk-targeted static portfolios.

Idle earns merits through a rigorous review of collateral ratios, liquidation points, and protocols’ credit risk. Meanwhile, its automated rebalancing helps keep vaults optimally hedged as conditions evolve. The protocol has also grown a following through community involvement and educational workshops on stablecoin investing concepts.

While Idle may not push TVL boundaries, it presents unique expertise tailored for preserving purchasing power versus chasing the riskiest yields. The platform continues bolstering its analytical tools to provide optimized, automated stablecoin portfolios for less sophisticated investors.

  • Minimal configuration needed to get started
  • Low minimum deposit amounts
  • Strong focus on intuitive UX
  • Limited customization of strategies
  • Fewer integrations than the largest competitors
  • Smaller TVL indicates less protocol maturity

Tips for choosing a yield aggregator

With so many aggregator options across networks, how can one choose the right fit? Here are a few tips:

Consider your goals: Stable returns? Capital growth? Find platforms focusing on strategies aligned with your objectives.

  • Assess risk tolerance – Review disclosed risks and target allocations and pick platforms with portfolio types matching your risk profile.
  • Research experience – Longer-running teams with a history of innovating strategies may offer tested performance versus flash-in-the-pan options.
  • Check fees and limits – Compare protocols’ all-in costs and if deposits or withdrawals are restricted by the size of the vaults.
  • Review security practices – Consider auditing frequency, insurance, and multi-sig approvals for contract upgrades for the most transparent protocols.
  • Go multi-chain – Spreading exposure across networks could hedge risks from any single chain locking up.
  • Diversify deposits – Rather than betting farmlands, allocate judiciously across multiple reputable aggregators and vault types.

With diligent research, aggregators deliver a hands-free experience opening DeFi yields to mainstream users. Just be mindful that protocol risks persist with yield optimization magic – there are no free lunches in crypto.

The bottom line: These yield aggregators will help you maximize returns in 2024

Yield aggregators have streamlined the yield farming process, taking the legwork out of maximizing crypto returns through DeFi. As the space matures, competition is pushing platforms to innovate and deliver ever-better user experiences.

For set-it-and-forget-it yield, basic options like Idle and Beefy can’t be beaten. More advanced farmers may appreciate the sophisticated strategies of Harvest and Yearn. Regardless of your level, comparing features across several top aggregators will help you pick the ideal solution.

If you want to complement your DeFi yield aggregating investing with DEXes, you can consider using the world’s largest decentralized exchange, Uniswap, or some of the best Uniswap alternatives.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Strobe Finance Launches on Axelar Network to Power DeFi Capabilities, Cross-Chain Interoperability

02/08/2025

Chainlink introduces new pricing methodology for DEX-traded assets

02/08/2025

Why This DeFi Dip Might Be the Start of a Major Rotation?

02/08/2025

Lido cuts staff, Curve rethinks L2s

02/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Ethereum Price Rally on the Way?

02/08/2025

US stocks largely flat as investors weigh earnings, tariffs

02/08/2025

UK FCA to allow retail investors to buy Bitcoin and crypto ETNs

02/08/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.