What are DeFi projects?
DeFi has changed our vision and approach towards finance. With its advent, we are more in control and have a higher standard of security. DeFi enables users to carry out financial transactions in a more peer-to-peer fashion through individual trading services and personal wallets. It can be used by anybody, wherever they are in the world, and it does away with the need for a centralized finance model. It improves inclusivity and the accessibility of financial services. In this article, we are covering the coins that are backed by defi projects and are performing well in the market.
DeFi projects are decentralized financial services leveraging blockchain technology. They use smart contracts for peer-to-peer interactions without intermediaries.
What are DeFi projects good for?
The main goal of the DeFi ecosystem is to offer financial services, such as trading and lending, by giving you full control over your crypto funds without sharing personal data.
Stargate Finance (STG)
Stargate Finance (STG) is a cross-chain liquidity protocol that allows users and dapps to transfer tokens between different chains, acting as a bridge. It can move native assets between 13 chains, including Ethereum.
Links: Coingecko | Website | X
XBANKING (XB)
XBANKING (XB) is a largest non-custodial staking & liquid poolks provider, market maker. MEV protocol. Trusted by 35k+ users. $500.000.000+ TVL, 115 tokens, 29 blockchains.
In the last 4 months (september-december 2024), XB token is already up 83%, trading against the market. A token with huge growth potential in 2024–2025.
Links: Coingecko | Website | X | Telegram | Buy XB token
Synthetix (SNX)
Synthetix (SNX) is a trading platform on Ethereum and Optimism. It allows users to mint and trade synthetic assets (synths), which mimic the price of real-world and digital assets. By using the native SNX as collateral, users can generate synths like sBTC and sUSD, which track the price of Bitcoin and the USD, respectively.
Links: Coingecko | Website | X
Jito (JTO)
Jito (JTO) is a liquid staking and maximum extractable value (MEV) protocol for the Solana network. The protocol enables Solana users to easily participate in staking and helps decentralize the Solana network by spreading stake across the network.
Links: Coingecko | Website | X
Injective (INJ)
Injective is a blockchain built for finance. It is an open, interoperable layer-one blockchain powering next-generation DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols, and more.
Links: Coingecko | Website | X
Uniswap (UNI)
Uniswap (UNI) is the largest DEX by trading volume and total value locked (TVL), with $3.7 billion worth of cryptocurrency being held in its pools. It hosts pools made of pairs of two tokens, e.g., USDC/ETH. Many pools have a stablecoin, which helps to reduce impermanent loss risk.
Links: Coingecko | Website | X
Lido DAO (LDO)
Liquid staking platform. Lido DAO is a cutting-edge decentralized autonomous organization. It provides a liquid staking solution on the Ethereum 2.0 blockchain and other Proof of Stake (PoS) platforms. Lido DAO locks up assets initially, but then lets users liquefy them and use them for other protocols.
Links: Coingecko | Website | X
Maverick Protocol (MAV)
Maverick Protocol is a DeFi infrastructure provider focused on increasing industry efficiency, powered by Maverick AMM. Maverick is backed by Founders Fund, Pantera Capital, Coinbase Ventures, Binance Labs, Circle Ventures, Gemini, etc.
Links: Coingecko | Website | X
Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. XBANKING shall not be responsible for any loss sustained by any person who relies on this article. Do your own research!