#decentralizedfinance (DeFi) has seen rapid growth and innovation, leading to the development of numerous applications and platforms. These platforms offer a wide range of financial services without the need for traditional intermediaries. Here are some of the most popular DeFi applications and platforms:
1. Uniswap
- Type: Decentralized Exchange (DEX)
- Features: Uniswap allows users to trade #ERC-20 tokens directly from their wallets. It uses an automated market maker (AMM) model, where users provide liquidity to pools and earn a share of the trading fees.
- Unique Aspects: Simple user interface, high liquidity, and a wide range of token pairs.
2. $AAVE
- Type: Lending and Borrowing Platform
- Features: Aave allows users to lend and borrow a variety of cryptocurrencies. It offers unique features like flash loans, where users can borrow without collateral for the duration of one transaction.
- Unique Aspects: Flash loans, high-interest rates for lenders, and a wide range of supported assets.
3. Compound
- Type: Lending and Borrowing Platform
- Features: Compound enables users to supply and borrow cryptocurrencies, with interest rates adjusted algorithmically based on supply and demand.
- Unique Aspects: Compound’s COMP token allows for decentralized governance, giving users a say in the protocol’s future.
4. MakerDAO
- Type: Stablecoin and Lending Platform
- Features: #makerdao issues DAI, a decentralized stablecoin pegged to the US dollar. Users can lock up collateral in the form of ETH and other cryptocurrencies to mint DAI.
- Unique Aspects: Stability fees, decentralized governance through MKR tokens, and DAI’s stability.
5. SushiSwap
- Type: Decentralized Exchange (DEX)
- Features: Similar to Uniswap, SushiSwap uses an AMM model for trading tokens. It also offers staking options where users can earn SUSHI tokens as rewards.
- Unique Aspects: Community-driven governance, yield farming options, and continuous development of new features.
6. Curve Finance
- Type: Decentralized Exchange (DEX) focused on #Stablecoins
- Features: Curve specializes in stablecoin trading, offering low slippage and low fees due to its unique liquidity pool design.
- Unique Aspects: Optimized for stablecoin trading, highly efficient for stablecoin swaps, and low impermanent loss for liquidity providers.
7. Yearn.Finance
- Type: Yield Aggregator
- Features: Yearn.Finance automatically moves users’ funds between various DeFi protocols to maximize yield. It offers products like Vaults, which are pooled funds that follow specific investment strategies.
- Unique Aspects: Automated yield optimization, community governance through YFI tokens, and innovative yield farming strategies.
8. Balancer
- Type: Decentralized Exchange and Automated Portfolio Manager
- Features: Balancer allows users to create and manage liquidity pools with custom token ratios. It also provides automatic portfolio rebalancing.
- Unique Aspects: Customizable liquidity pools, multi-token pools, and dynamic trading fees.
9. PancakeSwap
- Type: Decentralized Exchange (DEX) on Binance Smart Chain
- Features: PancakeSwap is similar to Uniswap but operates on the Binance Smart Chain, offering faster transactions and lower fees. It supports yield farming, staking, and lottery games.
- Unique Aspects: Low transaction fees, fast transaction times, and a wide range of DeFi services beyond trading.
10. Synthetix
- Type: Synthetic Asset Platform
- Features: Synthetix allows users to create and trade synthetic assets, which are tokens that represent other assets like fiat currencies, commodities, and stocks.
- Unique Aspects: Wide range of synthetic assets, staking rewards for SNX token holders, and decentralized oracle system for price feeds.
#AirdropGuide

Decentralized Finance (DeFi) is a rapidly growing sector within the cryptocurrency industry that aims to recreate traditional financial systems and services using #BlockchainTechnology . Unlike conventional financial systems that rely on centralized institutions like banks, DeFi operates without intermediaries, leveraging smart contracts on blockchain networks, primarily Ethereum.
Key Concepts of DeFi
1. Decentralization:
   - No Central Authority: DeFi platforms are decentralized, meaning they operate without a central governing body. This is made possible by using blockchain technology and smart contracts.
   - Trustless System: Users can interact directly with the DeFi protocols without needing to trust a central entity, reducing counterparty risk.
2. Smart Contracts:
   - Automated Agreements: Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They automatically execute transactions when predefined conditions are met.
   - Transparency and Security: Smart contracts operate on blockchain networks, ensuring transparency, immutability, and security.
3. Interoperability:
   - Cross-Platform Functionality: Many DeFi protocols are designed to be interoperable, allowing different platforms and applications to interact and integrate with each other seamlessly.
   - Composable Ecosystem: DeFi projects can build on top of each other, creating a layered and composable financial system.
Major Components of DeFi
1. Decentralized Exchanges (#DEXs ):
   - Trading Without Intermediaries: DEXs allow users to trade cryptocurrencies directly with each other without relying on a centralized #exchange . Examples include Uniswap, SushiSwap, and PancakeSwap.
   - Liquidity Pools: Users provide liquidity to the exchange by depositing their tokens into liquidity pools, earning fees in return.
2. Lending and Borrowing Platforms:
   - Peer-to-Peer Lending: DeFi platforms like Aave, Compound, and Maker enable users to lend their crypto assets to others and earn interest, or borrow assets by providing collateral.
   - Collateralized Loans: Borrowers must over-collateralize their loans to ensure the lender's security, reducing the risk of default.
3. Stablecoins:
   - Price-Stable Cryptocurrencies: #Stablecoins are cryptocurrencies pegged to a stable asset like the US dollar, providing a stable store of value and medium of exchange. Examples include DAI, USDC, and Tether (USDT).
   - Algorithmic and Collateralized: Some stablecoins are algorithmically controlled, while others are backed by collateral.
4. Yield Farming and Staking:
   - Earning Rewards: Yield farming involves lending or staking crypto assets in DeFi protocols to earn returns, often in the form of additional tokens.
   - Incentivizing Participation: DeFi platforms incentivize users to provide liquidity or participate in the network by offering rewards.
5. Insurance:
   - Risk Management: DeFi insurance platforms like Nexus Mutual offer coverage for smart contract failures, hacks, and other risks associated with DeFi activities.
   - Decentralized Insurance Pools: Users can contribute to insurance pools and receive compensation in case of a claim.
#AirdropGuide

Curious about the weekend's crypto news? Read @WISE CRYPTO NEWS 's news digest and stay informed!
Contents
XRP Ledger ready to adopt tokenized gold, silver in Q3, 2024
Cardano on verge of "most significant" milestone in its history
Ancient ETH whale wakes up, moves money to Kraken
Take a closer look at the weekend's top three news stories with @WISE CRYPTO NEWS .
XRP Ledger ready to adopt tokenized gold, silver in Q3, 2024
As became known from the official X announcement, Meld Gold has established a partnership with Ripple, a San Francisco-based fintech company. As part of the partnership, Meld Gold will launch two new #Stablecoins backed by silver and gold on $XRP
Ledger. Per the company's Medium post, each token will represent one gram of the precious metal held by leading custody providers MKS Pamp and Imperial Vaults. The tokens are expected to go live on #XRPledger in Q3, 2024. Meld Gold CEO Michael Cotton underscored the importance of this release, saying "Integrating XRPL as the second blockchain alongside Algorand is another step towards delivering unmatched access to assets such as gold and silver with industry-leading technologies."
Cardano on verge of "most significant" milestone in its history
In a recent X post, Cardano founder Charles Hoskinson stated that June will be the month that Cardano Node reaches 9.0. This means that Cardano is ready for the Chang fork, and 70% of stake pool operators (SPOs) are now supposed to install the new node. Then, Cardano can be pushed into the Age of Voltaire with the help of the occurring hard fork. Hoskinson believes that the Voltaire phase is "the most significant milestone in the history of Cardano and for the industry as a whole," as in that phase, Cardano is expected to boost the level of the ecosystem's decentralization and transparency. "Cardano will be a decentralized civilization spanning the entire world with millions of residents. We'll have the most advanced blockchain governance system, annual budgets, a treasury, and the wisdom of our entire community to guide us," wrote the founder.
Ancient ETH whale wakes up, moves money to Kraken
According to Colin Wu's report from Saturday, June 8, an unknown Ethereum whale who received 67,000 ETH from the Ethereum Foundation address back in 2015 transferred 15,200 ETH to Kraken. The transaction occurred on June 7 and is evaluated at $56.1 million. Most of the transfer was immediately exchanged for 4.81 million DAI, averaging $2,725 per ETH. Per Wu's X post, this address received 200,000 ETH (probably participating in the ICO) in the Ethereum Genesis block. Currently, the account still holds about 41,000 ETH worth an astonishing $152.3 million. It was only the third transaction of this account since 2022. In 2020-2021, the account sent a large amount of crypto to centralized #exchanges : it moved approximately 150,000 $ETH , or about $553 million, in six transfers.
#BTC #IOprediction

Yesterday, a lively debate erupted under a cool archival video from the early years of the internet. The summary is that one side claims crypto has no real application other than speculation, while the other side defends crypto.
I thought it would be useful to summarize the conclusions in a separate post and back them up with links to support the facts.

The First Application of Blockchain/Crypto: Money!
Even the title page of the main document of the first cryptocurrency, Bitcoin, clearly states the project's purpose - a system of international peer-to-peer payments (essentially, if simplified - a sort of Western Union).
If it's about money, then let's ask the question: How do we use money on a daily basis? Most often, we:
Store it Pay with it Try to multiply it
Crypto addresses all three of these tasks on a new level.
1) 🏦Storing Money
You can now store money not in banks, where there are blockages, sanctions, and restrictions on withdrawals and conversions, but in your own wallets! This alone is enough to see how cool, innovative, and much safer this is!
To clarify, according to various estimates, the total number of crypto asset users as of December 2023 is already 575 million people! By 2024, it will reach 850-950 million users!
In other words, if more than half a billion crypto users worldwide isn't enough, then other arguments fall away!
2) 💸Paying/Transferring Money
Try making an international transfer or withdrawing more than $10-$20k USD. Or try not sending another document to the bank proving you are not a terrorist. It will immediately become clear who really owns your money.
Over 90% of daily crypto turnover is NOT BTC, ETH, and various altcoins! These are stablecoins! Currently, $46 billion USD out of $49 billion USD of total daily crypto turnover worldwide is people paying each other with stable tokens! NOW! ☝️
The fact that housewives aren't yet using this is not an indicator. They don't use many things now either, like insurance products. They will start when platforms like Stripe, Robinhood, PayPal, and Telegram begin integrating, which is already happening. And, as before, it will all go unnoticed.
3) 📈Multiplying Money
No comment needed. Housewives are barely making ends meet. What kind of investments!? Those who do invest have long seen higher returns on crypto products than on traditional financial instruments and quietly earn at their leisure.
Examples from different historical cycles, on various products - in rising, falling, or sideways markets - have been constantly posted on this channel for many years. With a genuine desire to understand, you can always scroll back, find everything, and compare!
Conclusion
With arguments and counterarguments, I suggest moving to the comments below.
Have a great week everyone! 🤝
#CryptoAdoption #BlockchainTechnology #DigitalCurrency #Stablecoins #CryptoInvestment

Trading can be a lucrative way to invest your money, but it can also be risky if you don't have a plan. A trading plan is a crucial tool that can help you make informed trading decisions and minimize the risks associated with trading.

A trading plan is a document that outlines your trading strategy and goals. It should include information about the markets you will trade in, the types of trades you will make, and the risk management strategies you will use. Here are some key components of a trading plan:

Market analysis: Your trading plan should include an analysis of the markets you plan to trade in. This should include information about the trends, volatility, and key indicators that can affect the market.

Entry and exit strategies: Your trading plan should outline your entry and exit strategies. This should include information about the types of trades you will make, the price points you will enter and exit at, and the timeframes you will use.

Risk management: Your trading plan should include a risk management strategy. This should outline the maximum amount of money you are willing to risk on each trade, as well as the stop loss orders and other risk management techniques you will use.

Record keeping: Your trading plan should include a record-keeping strategy. This should outline how you will track your trades, including the types of data you will collect and the tools you will use to analyze that data.

Continuous improvement: Your trading plan should be a living document that you update and refine over time. This should include regular reviews of your trading performance and adjustments to your plan as needed.

Having a trading plan is essential for success in trading. It can help you stay focused on your goals, minimize your risks, and make informed trading decisions. With a well-crafted trading plan, you can increase your chances of success and achieve your financial goals.

#BNB #BNB #Stablecoins #socialfi #security

What is STEPN?

STEPN is a Web3 lifestyle application and Non-Fungible Token (NFT) game built on top of the Social-Fi and Game-Fi technologies on the Solana network. STEPN is an application retainer with a Move-to-Earn model.

In other words, users have the opportunity to win prizes as long as they want to move according to the directions and instructions listed on the STEPN application. These characteristics make STEPN different from other crypto-based games.

STEPN and the Move-to-Earn concept he introduced are the evolution of two technologies that are currently popular, namely Augmented Reality and Play-to-Earn games. Thus, the concept of STEPN's game is like a combination of Pokemon Go, Strava, and Axie Infinity games.

How to Get Rewards from STEPN?

Before gaining income by exercising using the STEPN application, users must know the mechanics of this one game. Here's the explanation!

Sneakers As previously explained, users must have NFT Sneakers so that the STEPN application can record all physical activities carried out by users. It's just that each of these Sneakers has different variants depending on the sports activities being carried out.

Then, each Sneakers carries a different mission for its users. If the user fails to achieve the mission, then their chance to get the token reward will be tightly closed. Furthermore, here are the missions that users need to carry out according to their Sneakers type.

Walker (1 to 6 kilometers (km) per hour) Jogger (4 to 10 km per hour) Runner (8 to 20 km per hour) Trainer (1 to 20 hrs per hour) Users can purchase these NFT Sneakers using SOL and BNB crypto assets at the market place in the STEPN application. Usually, beginners have to pay at least US$300 to get sneakers with the simplest capabilities. However, if users want to start STEPN for free, then they can try STEPN for free for a limited time (free trial).

Besides that, they can also rent Sneakers from other users. It's just that, users must also be willing to share their income from exercising with the tenant.

If users like surprise things, then they can get Sneakers by buying Shoeboxes from the marketplace in the STEPN application. Shoeboxes are mystery boxes containing random sneakers.

Furthermore, like most other games, players can upgrade their Sneakers to get a maximum of five additional advantages consisting of:

Quality. Users can increase the quality level of their Sneakers from Common, Uncommon, Rare, Epic, to Legendary.

efficiency. Users can increase their income in the form of GST tokens per "Energy" that has been issued.

Luck. Users can increase their chances of getting random prizes in a sports session. These prizes can be in the form of upgrades that users can use or sell to market places.

Comfort. Users can increase their holdings of the GMT governance token when entering level 30 and above.

Resilience. Users can reduce the cost of repairing their Sneakers.

STEPN uses three tokens as the main medium of exchange in its ecosystem. The token consists of:

1.Solana (SOL) Users can use the original tokens from the Solana network to buy new Sneakers.

2. Green Metaverse Token (GMT) GMT is the governance token on the STEPN network. In other words, users can use it to determine the future development of STEPN networks and applications. It's just that, not all users are entitled to pocket this token. As previously explained, only users who have touched level 30 and above are entitled to obtain these tokens.

It is intended that only loyal STEPN users can determine the future of the network. In addition, this mechanism is also expected to encourage users to continue to increase their level. The unique fact is that the GMT token is experiencing a halving phase, which is a stage where the number of new coins appearing will decrease by half after a certain period.

In the case of GMT, the number of new tokens coming in will halve every three years. Currently, GMT has a maximum supply of 6 billion pieces with the following distribution:

30% is retained for the STEPN ecosystem.

30% is selected as a Move-to-Earn reward for users.

16.3% selected for closed sale.

14.2% was selected for the STEPN development team.

7% earned during token sale on Binance Launchpad.

2.5% is elected to STEPN's advisory board.

3. Green Satoshi Tokens (GST) GST is STEPN's native utility token as well as a token that users can earn as rewards after engaging in physical activities, such as walking, jogging, and running. Users can use GST to rent Sneakers, buy goods at market stores, repair Sneakers, increase Sneakers levels and other transaction activities.

So, in other words, GST acts as the primary "currency" in the STEPN ecosystem. In contrast to the limited supply of GMT, supply of GST is somewhat booming. However, some missions in the game require a GMT or GST "burning" to ensure a balance between supply and demand for the two tokens.

#StepN #dyor #BNB #Stablecoins #Web3