DeFi is growing steadily, however, only a few people in the cryptocurrency world benefit from using such platforms. Here are the top 6 options you can use to raise money this way.
Many crypto users have heard of DeFi and some of its more well-known platforms. However, only a few crypto users use these platforms. If they're looking for ways to make their cryptocurrency investments work for them, it might be wise to consider DeFi platform options.
Ethereum is currently the most established and largest open source decentralized blockchain. All DeFi and all of its projects are built on ETH.
DeFi continues to grow significantly. It is currently a more than $ 2 billion marketplace already deployed on various platforms offering exchange services, lending services, tokenization services, monetary banking services (such as issuing stablecoins) or other financial and risk management tools. for example, prediction or derivatives markets.
The decentralized financial platform options offer traditional services to customers in a secure, decentralized and fast way, allowing anyone with an Internet connection around the world to access a variety of financial services / products. Crypto clients can lend, trade, borrow, invest, and even grow their funds using DeFi protocols without relying on intermediaries such as banks and other financial institutions.
Here are six main options for the DeFi platform that can allow users to invest, borrow, earn interest, borrow funds, and even trade sophisticated financial products without asking anyone for permission to open an account.
Maker
The MakerDao protocol is an efficient and secure open source blockchain. The platform is a fun experience that allows customers who have Ether cryptocurrency and access to MetaMask on their mobile devices to lend money in the form of DAI.
DAI is a stable and decentralized virtual currency pegged to fiat currencies, allowing users to borrow and lend money. It is created when customers deposit Ethereum as collateral in so-called collateralized debt positions (personal smart vault that holds Ethereum).
Compound
Compound is another important platform that creates decentralized and algorithmic money markets with fixed interest rates. The platform allows clients to invest ether and tokens in the protocol, earn good interest rates, and lend and borrow ether and tokens against collateral for short selling, using or investing.
Uniswap
Uniswap is a reputable platform that allows clients to exchange tokens without trust, meaning that all transactions can be carried out on a network of smart contracts. Uniswap does not use order books. Instead, it uses a requirement structure known as liquidity pools, which help boost the platform's exchange liquidity. Consequently, users can offer liquidity to others who intend to exchange tokens, or they can exchange tokens for each other.
Synthetix
Synthetix is a platform that allows clients to create synthetic assets and then trade them. Such synthetic assets are usually network assets that track the value of various real assets.
Synthetix allows customers to access and invest in Synths (synthetic assets), which can be anything from indices, stocks, fiat currencies (like dollars), cryptocurrencies (like bitcoins), energy and agricultural commodities, gold and other assets. ... Everything that is sold can be placed on this platform.
dYdX
dYdX is another important platform that offers derivatives, options and margin trading in the crypto space. The platform allows clients to lend, trade, borrow and invest in the USDC stablecoin, DAI cryptocurrency and Ethereum markets. In addition, it provides both cross and isolated margin trading and also offers USDC and BTC perpetual market contracts, offering up to 10x leverage on BTC.
InstaDApp
InstaDApp is a large platform that offers various DeFi services such as virtual asset management, borrowing, lending, leveraging, exchange and others. The platform offers one-click switching platforms that allow users to easily switch to cheaper lending platforms with lower interest rates, especially for MakerDao and Compound. It is a user-friendly platform where users can easily own, exchange, trade, borrow, invest and multiply funds.
A smart way to make money
It is clear that the DeFi platform options, as shown above, offer financial services that fill a gap that has lagged behind in traditional finance and banking. Thus, they serve as new platforms that provide access to financial services and meet the needs of the widespread adoption of cryptocurrencies and blockchains. They bring non-custody financial services to the mass market through the use of Ethereum smart contracts and interoperability. With DeFi, ordinary people can transfer their money to decentralized asset management platforms and receive interest rates of up to 20%, and in some cases even more.