How DeFi Disrupting Traditional Financial Sectors

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With over 400 DeFi projects currently available, and counting, there are a number of stand out ones that help to provide a bigger picture of the industry. Below are several projects that have provided outstanding innovation and functionalities within the DeFi ecosystem. The following guide compares top projects and their coins in the niche: How DeFi Grew Into A $70+ Billion Industry

  • MakerDAO (MKR) – one of the earliest decentralized finance (DeFi) projects centred around borrowing DAI and earning interest.

  • Compound (COMP) – is an advanced borrowing and lending protocol that secures the loans through the use of over-collateralization.

  • Aave (AVE) – Similar to Compound, Aave is a borrowing and lending protocol but instead provides uncollateralized loans, more in line with the traditional financial sector.

  • Synthetix (SNX) – allows for the creation and trading of derivatives on a wide range of assets (stocks, currencies, commodities) through its derivatives issuance protocol.

  • Uniswap (UNI) – is a decentralized exchange (DEX) that uses smart contracts and automated liquidity protocols to facilitate the exchange of crypto assets.

  • Yearn.finance (YRN) – provides an autonomous protocol that searches for the best yields across the DeFi space and automatically invests in them.



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