cakDecentralized finance (DeFi) has revolutionized the world of cryptocurrencies, offering new ways to transact and earn passive income. Here is a list of 10 prominent cryptocurrencies in the DeFi world:
1. **Ethereum (ETH)**: It is the backbone of many DeFi applications, thanks to its smart contracts.
2. **Uniswap (UNI)**: A popular decentralized exchange based on Ethereum.
3. **Chainlink (LINK)**: Provides off-chain data to smart contracts on the blockchain in a decentralized manner.
4. **Aave (AAVE)**: A decentralized lending protocol that allows users to lend and borrow cryptocurrencies.
5. **Synthetix (SNX)**: Allows the creation of synthetic assets that follow the price of real-world assets.
6. **Yearn.Finance (YFI)**: A platform that optimizes the performance of DeFi investments.
7. **Curve Finance (CRV)**: An exchange designed specifically for stablecoin trading.
8. **Maker (MKR)**: Used in MakerDAO, a protocol that issues the DAI stablecoin.
9. **Compound (COMP)**: Another lending protocol that allows lending and borrowing of cryptocurrencies.
10. **PancakeSwap (CAKE)**: A decentralized exchange running on the Binance Smart Chain (BSC).
It is important to remember that the cryptocurrency market is extremely volatile and it is always crucial to do extensive research before investing in any asset.
