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Granary Finance reviews

Founded 3 years ago in 2021.

Use anonymously. No KYC required.

Decentralised exchange.

Granary Finance Crypto Platform

Granary finance is a decentralized borrowing and lending protocol which is cross-chain compatible. Granary finance is compatible with Fantom, Optimism, Metis, Arbitrum, BNB, Avlanche, and Ethereum blockchain networks. The protocol doesn’t provide swap and exchange services. Users have depositing and earning, borrowing, flash loans, and revenue-sharing options on the platform. The protocol is built on top of the leading DeFi AAVE protocol. Granary finance is founded by Byte Masons group which is also the founder of Reaper Finance. There is no information about any investors of the project.

The protocol has a very easy-to-use user interface and anyone with a web wallet can connect and start anonymously using it. Granary finance is probably the leading protocol with the number of supported blockchains. The protocol has a flash loans tool on the platform. Flash loans are a new innovative tool in the crypto world and there have been unfortunate experiences with it. Leading lending protocol AAVE has experienced a flash loan attack and it caused significant damage before. Protocols with flash loans should be considered with caution.

There is no independent audit report on the official website so the protocol is not audited. The team uses a non-custodial 3/5 multi-sig security method to ensure the treasury is safe. There are 5 people in the team with access to the treasury wallet and at least 3 of them must confirm t initiate a transaction. There is no hack or exploit on the protocol so far. The protocol has a very short history and this must be considered before you invest in the platform.

Pros

tick $6,541,266 USD currently invested (TVL)
tick Investments in 17 coin pairs available
tick Supports 4 protocols including Optimism, Ethereum and Avalanche C-Chain

Cons

cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

Granary Finance Staking Yields

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Columns
  Product Yield Chain Term Yield Yield Trend TVL TVL Trend
USDC
39.5%
USDC 39.5% APY
Fantom Opera
Instant Access
39.5%
USDC 39.5% APY
$71,919
USDC
11.3%
USDC 11.3% APY
Optimism
Instant Access
11.3%
USDC 11.3% APY
$129,224
USDT
2.61%
USDT 2.61% APY
Optimism
Instant Access
2.61%
USDT 2.61% APY
$12,870
SNX
2%
SNX 2% APY
Optimism
Instant Access
2%
SNX 2% APY
$106,434
OP
1.43%
OP 1.43% APY
Optimism
Instant Access
1.43%
OP 1.43% APY
$123,834
DAI
1.09%
DAI 1.09% APY
Fantom Opera
Instant Access
1.09%
DAI 1.09% APY
$26,334
WFTM
0.93%
WFTM 0.93% APY
Fantom Opera
Instant Access
0.93%
WFTM 0.93% APY
$166,889
WAVAX
0.76%
WAVAX 0.76% APY
Avalanche C-Chain
Instant Access
0.76%
WAVAX 0.76% APY
$20,679
WETH
0.73%
WETH 0.73% APY
Optimism
Instant Access
0.73%
WETH 0.73% APY
$1,833,651
WETH
0.42%
WETH 0.42% APY
Ethereum
Instant Access
0.42%
WETH 0.42% APY
$10,189
BTC
0.28%
BTC 0.28% APY
Fantom Opera
Instant Access
0.28%
BTC 0.28% APY
$396,011
ETH
0.06%
ETH 0.06% APY
Fantom Opera
Instant Access
0.06%
ETH 0.06% APY
$81,762
USDC
< 0.01%
USDC < 0.01% APY
Ethereum
Instant Access
< 0.01%
USDC < 0.01% APY
$14,850
WSTETH
< 0.01%
WSTETH < 0.01% APY
Optimism
Instant Access
< 0.01%
WSTETH < 0.01% APY
$784,263
WBTC
< 0.01%
WBTC < 0.01% APY
Optimism
Instant Access
< 0.01%
WBTC < 0.01% APY
$2,082,549
SFTMX
< 0.01%
SFTMX < 0.01% APY
Fantom Opera
Instant Access
< 0.01%
SFTMX < 0.01% APY
$157,763
XAVA
< 0.01%
XAVA < 0.01% APY
Avalanche C-Chain
Instant Access
< 0.01%
XAVA < 0.01% APY
$32,714
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Granary Finance Key Data

Company
Year founded 2021
Decentralised tick Yes
Security
Know your customer cross No

Useful Links

Granary Finance Contact Details

https://granary.finance/

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