Decentralized finance aims to reduce or eliminate financial intermediation through smart contracts implemented on the blockchain. It is a system that is increasingly used by innovative projects.
In this context, DeFiCoins.io aims to provide you with all the information you need to help you build on a promising project. In this way, you will have all the information on the DeFi market and will know which token will very quickly become a success. Indeed, the site has launched a top 10 best DeFi tokens so you know what to invest in in 2021.
Cryptocurrency Uniswap is the governance token of the Uniswap protocol and is one of the most valued in 2021. Indeed, as in many DeFi projects, the reference token plays an important role in the governance of the protocol and in the choice of elements to add in future projects.
Chainlink is a blockchain, with the LINK token, which aims to solve one of the most important problems for last generation cryptocurrencies. Its strong point is the possibility of being able to integrate credible data flows. This data can be used for the conditional execution of smart contracts.
DAI is a token that lives entirely within the Ethereum blockchain using smart contracts. Indeed, it can be traded as freely as any other ERC20 token and without an intermediary. This is a stable coin whose value is equal to $ 1.
0x is a cryptocurrency that emerged in 2017. The network allows the exchange of ERC 20 and ERC 732 tokens in a decentralized manner. This cryptocurrency has grown in popularity thanks to the rise of non-fungible tokens.
The Token Maker (MKR) was created by MakerDAO and its main purpose is to support the stability of the DAI token and to enable the governance of the system. Maker uses the MKR token to handle price fluctuation.
Compound is a network that was created to allow users to donate and receive Ethereum tokens on loan at varying rates. Thus, transactions are managed by an algorithm that automatically adjusts supply and demand to bring them as close as possible.
AAVE is a cryptocurrency lending and borrowing protocol. This is because it uses an internal cryptocurrency for the fees and allows the payment of collateral in digital form.
Synthetix (SNX) is a token integrated into the Ethereum blockchain. Its objective is to allow the creation of assets whose prices can follow several parameters. Thus, Synthetix allows the user to cash in his own synthetic assets and to follow the price thanks to SNX tokens.
YFI is an ERC-20 token that governs the ecosystem of yearn.finance. This is because the protocol distributes YFIs to liquidity providers who provide certain tokens. Yearn is fundamentally a project that aims to optimize the yield achievable through DeFi.
This is a decentralized exchange that is designed for BEP20 tokens. Pancakeswap was created primarily to serve tokens created under Binance Smart Chain standards.