Cardano's #DeFi ecosystem has seen remarkable growth, increasing from $50.9 million to over $150 million in Q1 2023. Key projects include:
- **MinSwap:** The largest #DEX on Cardano, with 2500+ pools and automated yield farming.
- **Indigo:** Allows creation of synthetic assets on #Cardano , providing exposure to real-world assets.
- **Liqwid (LQ):** A user-friendly DeFi lending protocol with $19+ million TVL.
- **Djed Stablecoin:** Multi-chain stablecoin #protocol on Cardano with algorithmic stabilization.
- **WingRiders:** A decentralized #AMM with token swapping, staking, and governance.
- **VyFinance:** Offers accessible DeFi services with AI-powered features and native token rewards.
- **MuesliSwap:** Native DEX on Cardano with advanced trading features.
- **SundaeSwap:** DEX with AMM algorithm and Constant Product Liquidity Pools.
- **LenFi (Aada):** Decentralized lending and borrowing protocol on Cardano.
- **Optim Finance:** Yield aggregator with automated asset management tools.
These projects showcase Cardano's expanding presence in the DeFi space.