The Highly Encouraging DeFi Projects Being Created Now
VanessaJane last edited by
The DeFi industry has already amassed more than $12.8 billion in funds showcasing tremendous growth and optimism. It helps in democratizing access to the basic financial services by bringing them closer to the mass market.
Some of the Projects on Which High Hopes Are Expected Are
DIA (Decentralized Information Asset) - It is a Swiss open-source blockchain project which distributes governance tokens to its users. Crowd-verified price data will be made available for different DeFi applications and digital assets. The price feeds can be accessed via API’s or oracles. It has been listed on the top exchanges like Binance, OKEx, and Uniswap.
Orion Protocol - It emerged in the form of a dynamic coin offering. They build B2B and B2C solutions on liquidity aggregators. It is available for trading on cryptocurrency exchanges like Kucoin and Bitmax. Private keys will be used to access the users’ funds and the liquidity of centralized, decentralized, and swapping exchanges will be available on the platform. The trading fees are very low with zero chances of slippage.
Compound - Its native token named COMP witnessed a huge rise in value this year. Users can earn interest or borrow different assets against collateral on an Ethereum blockchain network using a well-defined money market protocol. The interest rates are determined by market demand and supply. It is financially backed by Coinbase and secured by the OpenZeppelin security audit. It can be traded in the leading crypto exchanges in the market like Binance and OKEx.
Uniswap - It is a unique type of decentralized exchange as it uses incentivized liquidity pools instead of order books. ERC-20 wallets are utilized by users to trade their digital assets. Liquidity providers earn 0.3% fee on all trades proportional to their share of the pool. There is a governance token named UNI authorized by the Uniswap protocol given when the liquidity provider tokens have been deposited.
Blockchain App Factory is also taking advantage of this new financial revolution by providing services like lottery system development, market-making consulting, insurance platform development, decentralized crypto banking, derivatives trading, DeFi staking platform development, DeFi lending platform development, and DeFi wallet integration.