Yield farming has become a popular way of earning interest by providing liquidity and staking LP tokens thereafter. Normally APY will be given on the project’s page, so people are able to make decision whether to mine a certain token. Image that users might hold various assets, and put them into different pools. A quick way to track the market value of these assets could use some defi tools. There are a couple of asset tracking tools including DeBank, Zapper.fi and APY.vision that are very useful especially for Ethereum network. But if you hold lots of assets running on BINANCE Smart Chain, the better yield farming tool that I recommend will be Yieldwatch.
Yieldwatch is a web application that integrates a couple of major BSC Dapps such as Pancakeswap, autofarm, Venus Propocol, PancakeBunny, Cream Finance and so on. Yieldwatch could automatically monitor the LP staking, single asset vaults, wallet balance as well as the total yield earned of the specific wallet address. Recently Yieldwatch launched its native $WATCH tokens to encourage its users hold some $WATCH in their wallet. The free version of Yieldwatch is available for every BEP20 wallet address. However, the PRO version of Yieldwatch provides more features and detailed information to track their yield farming data.
For example, the first picture below shows Cake Vault and Cake-BNB FLIP staking on PancakeBunny. The second and third pictures reveal more detailed information of the status of Cake-BNB LP staking which is specifically available for PRO version. Users who hole certain amount of Watch tokens are permitted to see the detailed data of PRO version.
Generally speaking, for those liquidity providers on Binance Smart Chain dapps, Yieldwatch could be a helpful defi tools to track your assets on BSC. Although other yeild farming tool like DeBank also takes account BSC assets today, it does not show as detailed as Yieldwatch. So, don’t miss out Yieldwatch if you farm on BSC dapps every day.
