DeFi

SIBEX

OTC

SIBEX

Security Level
Ease of use
Support
Overall
SIBEX is an OTC dark pool that assists users in trading Bitcoin, Ethereum, and ERC 20 Tokens using hashed time-locked contracts (HTLCs).

MakerDAO

CDP

MakerDAO

Security Level
Ease of use
Support
Overall
The MakerDAO is a decentralized smart contract platform on Ethereum. It is one of the most diversified and community-driven DeFi projects in the market.

Compound

Loans

Compound

Security Level
Ease of use
Support
Overall
Compound Finance built an algorithmic, autonomous interest rate protocol for developers to unlock a universe of open financial applications.

Aave

Lending

Aave

Security Level
Ease of use
Support
Overall
Aave is an Open Source and Non-Custodial protocol to earn interest on deposits and borrow assets with a variable or stable interest rate.

Synthetix

Derivatives

Synthetix

Security Level
Ease of use
Support
Overall
Synthetix is a decentralized platform on Ethereum for Synths' creation: on-chain synthetic assets that track the value of real-world assets.Decentralized Finance (DeFi) refers to a technology that uses decentralized blockchain technology to innovate on current financial services. As cryptocurrency aims to make money and payments universally accessible to anyone worldwide, DeFi has opened an alternative to every commercial service we use today, including investments, taking a loan, exchanging assets, insurance, and more. DeFi includes various financial tools such as protocols, smart contracts, digital assets, and decentralized applications (DApps). A DApp is an app that, rather than being built and controlled by a single, centralized company, relies on decentralized technology. Thanks to the blockchain technology that powers these apps, you can modify them to suit your needs. Why DeFis are Better than Traditional Systems. The concept behind DeFi is to allow you complete control of your assets. So, what differentiates these DeFi apps from other traditional financial systems like banks? Whether you are in Mexico or Kenya, you have access to the same DeFi network and services. Although local regulations may apply, these apps are technically available to anyone with smartphones and an internet connection. There has been a recent surge in products as well as platforms providing DeFi services. Decentralized Finance, commonly referred to as DeFi, denotes any financial service offered on a blockchain, usually Ethereum smart contracts. An example of DeFi services and solutions is Over-the-Counter (OTC) cryptocurrency, which in the past three years has witnessed enormous growth marked by a substantial increase in volume and clients across the globe. OTC trading is a form of crypto trading where the actual trade occurs “Over-the-counter” instead of a regular cryptocurrency exchange such as Binance and Bitfinex. OTC trading is usually done by large-scale cryptocurrency traders and is often placed by hedge funds, private wealth managers, or individuals with a high crypto net worth. Although several platforms offer loans for digital assets, this product from Aave is quite innovative. These flash loans are the first option in decentralized finance that offer uncollateralized loans. As long as the liquidity is returned to the pool within one transaction block, there is no need for collateral. Thanks to the zero collateral, there is the safety of the funds in the reserve pool. If the liquidity cannot get back to the pool, the block reverses the entire transaction to undo the entire actions up until that time. Flash loans are useful for everyone, seeing as they don’t require any capital to get started. Therefore, the entry barrier is quite low, making it quite affordable for anyone.

dForce

DEX AGGREGATOR

dForce

Security Level
Ease of use
Support
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dForce Network is China’s ambitious project to take over DeFi by aggregating financial protocols from all over the world. The Beijing-based platform is now stepping out of the shadow.

Polkadot

INTEROPERABILITY

Polkadot

Security Level
Ease of use
Support
Overall
Polkadot has wasted no time in pursuing its goal to become the future internet of blockchains. It has rapidly climbed the volatile hierarchy in the crypto space to become one of the most promising projects out there.

NEAR

DAO

NEAR

Security Level
Ease of use
Support
Overall
What started as an open-source platform built to accelerate decentralized applications has just turned into a decentralized autonomous organization, less than two years after its inception.

Curve

DEX

Curve

Security Level
Ease of use
Support
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Curve Finance is a decentralized exchange that enables crypto trades between assets worth the same amount. The platform started as an alternative to the popular Uniswap DEX.

Balancer

LIQUIDITY

Balancer

Security Level
Ease of use
Support
Overall
The Balancer wishes to remain transparent as they carry out regular audits. Among the protocols that conduct the audits include Open Zeppelin, Consensys Diligence, and Trail of Bits.

C.R.E.A.M.

LENDING

C.R.E.A.M.

Security Level
Ease of use
Support
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Since its launch in August 2020, Cream Finance has expanded to provide lending services, crypto exchange features, and it is now developing into a decentralized autonomous organization (DAO).

PoolTogether

LOTTO

PoolTogether

Security Level
Ease of use
Support
Overall
PoolTogether is a next-gen DeFi platform that seeks to transform saving crypto into a fun-filled activity. This Ethereum-based protocol is the world’s first and most popular no-loss savings game.

Pickle

STAKING

Pickle

Security Level
Ease of use
Support
Overall
According to its website, Pickle Finance is “an experiment using farming to bring stablecoins closer to their peg.” The project emerged on September 11, 2020, and it quickly increased in value and popularity.
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