According to the news sources, the blockchain platform Rigel Protocol has come out with new crypto-yielding farming projects which can potentially turn out to be their most profitable and best programs yet. Rigel Protocol is a decentralized blockchain program that offers a diverse set of Decentralized Finance (DeFi) products.
These new crypto-yielding farming programs have been launched on the Binance Smart Chain DeFi space, with up to 1600 percent annual percentage yield (APY) in the BNB-RGP pool. Along with this, there are other pools that are also offering attractive rewards, such as the BNB-BUSD pool with a 330 percent APY. The liquidity providers will get exclusive non-fungible tokens (NFTs) which will be proportional to the liquidity value of the pools.
The decentralized SmartSwap application of Rigel Protocol has also come out with an attractive offer for the users. Those who swap or provide liquidity of more than 1000 RGP will be whitelisted. They will also get a chance to participate in the RGP special staking pool which is kept only for selected investors.
The newest crypto yield farming project by Rigel will provide the users with more opportunities to earn. Yield farming allows users to lock their cryptocurrency into a liquidity pool, and it seems very similar to staking. However, yield farming comes with no lockup period requirement while staking protocols dictate a 30-days or longer lockup period. This feature has made yield farming significantly more attractive since the time it entered the market.