DeFi Projects

When it comes to the creation of next-generation financial primitives, Decentralized Finance (DeFi) does just that. By leveraging open source software and composable frameworks, DeFi allows anyone in the world to utilize financial services in a trustless and transparent manner. Simply put, DeFi aims to remove intermediaries to provide the world with a globally inclusive financial system.

“One could envision decentralized finance impacting the financial world the same way that open-source software has changed software products.”

Below, we have created a high-level overview of the prominent sectors within the wider DeFi landscape along with reviews (listed in alphabetical order) of the prominent players we’ve covered. For more background on DeFi , check out our What is DeFi beginners guide.

To stay up these projects and much more, check out our This Week in DeFi newsletter.

Lending

DeFi allows any individual to take out or supply a loan without approval from a third party. The large majority of lending products use popular cryptocurrencies such as Ether ($ETH) to secure outstanding loans through over-collateralization. Thanks to the advent of smart contracts, maintenance margins, and interest rates can be programmed directly into a borrowing agreement with liquidations happening automatically should an account balance fall below a specified collateral ratio.

The relative interest earned from supplying different cryptocurrencies varies relative to the asset and platform being used. Our lending page has an intuitive overview of the different lending rates on leading platforms.

To date, lending has been the leading DeFi use-case. Projects we’ve reviewed in the lending sector include but are not limited to:

Aave

Visit: Aave Aave is a DeFi lending protocol that enables users to lend and borrow a diverse range of cryptocurrencies […]

bZx

Fulcrum Trade is a decentralized lending and margin trading platform built on Ethereum. The system leverages the 0x protocol to […]

BlockFi

BlockFi is a non-bank lending company which provides fiat currency loans, secured with cryptocurrency collateral. They also offer cryptocurrency interest […]

Compound

Compound Finance is a sector-leading lending protocol enabling users to lend and borrow popular cryptocurrencies like Ether, Dai and Tether.Compound […]

CoinList

CoinList is a token sales geared towards early adopters of blockchain projects. From protocol tokens to securities, more and more […]

Curve

Curve Finance makes use of liquidity pools and bonding curves to provide high-efficiency stablecoin trading and low-risk returns for liquidity […]

dYdX

Visit: dYdX dYdX is a decentralized exchange offering permissionless lending and margin capabilities for ETH, USDC, and DAI. With the […]

yEarn

yEarn is a liquidity aggregator providing automated yield farming strategy through a number of lending pools. The protocol’s most well-known […]

Maker

Maker Lending Rates Maker is a permissionless lending platform responsible for the creation of DAI, the first decentralized stablecoin, built on […]

mStable

mStable is a protocol uniting stablecoins, lending, and swapping into a robust standard with the goal to help create an […]

Nuo Network

Nuo 2020 DeFi Lending Rates  Nuo Network is a decentralized debt marketplace where users can interact with Ethereum-based assets in […]

Read our full lending overview for our top picks.

DEXs

Decentralized exchanges allow users to swap their assets without having to transfer custody of the underlying collateral. DEXs aim to provide trustless, interoperable trading across a wide range of trading pairs. In recent months, DEXs have seen vast improvements in usability with some offering liquidity incentives for capital being supplied to the platform.

Projects we’ve covered in the DEX sector include but are not limited to:

0x Protocol

0x is a permissionless liquidity protocol built on Ethereum for creating decentralized exchanges, connecting liquidity providers and incentivizing market makers […]

1inch

1inch Exchange is a decentralized exchange (DEX) aggregator. It’s designed to roll liquidity and pricing from all major DEXes into […]

Bancor

Bancor is a DEX which aims to solve the problem of illiquid markets by incentivizing users to provide liquidity for […]

dYdX

Visit: dYdX dYdX is a decentralized exchange offering permissionless lending and margin capabilities for ETH, USDC, and DAI. With the […]

Kyber Network

Kyber Network is an on-chain liquidity protocol powering seamless token swaps in DeFi with high composability. The protocol is designed […]

Oasis

When it comes to interacting with Maker’s permissionless lending system, Oasis is the first place many turn. Consisting of three […]

OpenSea

When it comes to the rise of crypto collectables, it’s no surprise that many secondary markets have arisen for the […]

Matcha

Matcha is a consumer-facing DEX built by 0x Protocol. It utilizes the 0x API and 0x Mesh, to leverage aggregated […]

Uniswap

When it comes to decentralized exchanges, the first things we think about are poor UXs and thin order books. For […]

Read our full DEX overview for our top picks.

Derivatives

In traditional finance, a derivative represents a contract where the value is derived from an agreement based on the performance of an underlying asset. There are four main types of derivative contracts: futures, forwards, options, and swaps.

With the advent of DeFi, investors benefit from open, transparent and automated settlements for derivative contracts. Smart contracts can issue tokenized derivatives that provide exposure (sometimes with leverage) to both sides of the asset’s performance.

Projects that we’ve reviewed in the derivatives sector include but are not limited to:

Augur

Augur is a DeFi prediction market built on Ethereum. It enables users to create and participate in prediction markets for […]

dYdX

Visit: dYdX dYdX is a decentralized exchange offering permissionless lending and margin capabilities for ETH, USDC, and DAI. With the […]

Erasure

Erasure is a decentralized marketplace for stock-trading data, built on Ethereum and IPFS thanks to Numerai. It’s designed to enable […]

Opium

Opium is a universal and robust protocol that allows for creating, settling, and trading decentralized derivatives on Ethereum. Opium allows […]

Opyn

  Opyn is a permissionless, decentralized insurance platform allowing users to protect their DeFi deposits from financial and technical risks. […]

Synthetix

Synthetix is a decentralized synthetic asset issuance protocol allowing users to mint, hold and trade a diverse range of derivatives […]

UMA

Financial contracts and other synthetic assets such as derivatives serve as a vital backbone to the incumbent financial system. It […]

Read our full Derivatives overview for our top picks.

Wallets

Wallets are a crucial gateway for interacting with DeFi products. While they commonly vary in their underlying product and asset support, across the board we’ve seen drastic improvements in usability and access thanks to the growing DeFi narrative.

Projects we’ve reviewed in the wallet sector include but not limited to:

Argent

When it comes to storing your own crypto assets, many people become aware of the stress and complexities associated with […]

Authereum

Authereum is an Ethereum-based wallet and dApp login solution. It allows users to easily interact with web 3 applications via […]

Coinbase Wallet

Originally released as Toshi, the Coinbase Wallet is a non-custodial wallet developed by Coinbase where the private keys are stored […]

Magic

  Fortmatic is an easy-to-use alternative to web3 wallets like Metamask. It allows users to use a phone number or […]

Metamask

If you’ve ever tried to use a DeFi application through a web browser, you’ve likely come across Metamask. For those […]

Portis

Portis is a simplistic multi-blockchain wallet, which is designed to be easily set-up and connected to dApps. It improves upon […]

Read our full Wallet overview for our top picks

Asset Management

With such a vast amount of DeFi products, it’s crucial that tools are in place to better track and manage assets. In line with the permissionless nature of the wider DeFi ecosystem, these assets management projects provide users with the ability to seamlessly track their balances across various tokens, products and services in an intuitive fashion.

Projects that we’ve reviewed in the assets management sector include but are not limited to:

Balancer

Balancer is an asset management platform that acts as an automated portfolio manager, liquidity provider, and price sensor. As DeFi […]

DeFi Saver

  DeFi Saver is an one-stop asset management tool for a range of decentralized financial protocols and applications on Ethereum. […]

InstaDapp

InstaDapp is a smart wallet for DeFi which allows users to seamlessly manage multiple DeFi applications to maximize returns across […]

Sablier

One of the biggest components of what makes DeFi so exciting is the notion of autonomous real-time payments. Whether this […]

Set Protocol

Set Protocol provides access to sophisticated trading strategies by purchasing ERC20 tokens. Whereas other trading strategy platforms would require traders […]

Zerion

Zerion is an interface for DeFi which allows users to invest, trade, lend, and borrow assets. With Zerion, users can […]

Zapper

Zapper is a one-stop-shop for deploying and managing DeFi positions. The project reduces the time, cost, and hassle of managing […]

Read our full Asset Management overview for our top picks.

Insurance

Decentralized insurance protocols allow users to take out policies on smart contracts, funds, or any other cryptocurrencies through pooled funds and reserves. This sector is rather small for the time being but we largely anticipate it to play a crucial role in the underlying maturity of the ecosystem at large.

Projects we’ve reviewed in the insurance sector include but are not limited to:

Nexus Mutual

Nexus Mutual is a decentralized insurance protocol built on Ethereum. Launched in May of 2019, Nexus offers user the ability […]

Opyn

  Opyn is a permissionless, decentralized insurance platform allowing users to protect their DeFi deposits from financial and technical risks. […]

Savings

There are a select few DeFi projects which offer unique and novel ways to earn a return by saving cryptocurrencies. This differs from lending as there is no borrower on the other side of the table.

Projects we’ve reviewed in the savings sector include but are not limited to:

Dai Saving Rate

What is the Dai Savings Rate? The Dai Savings Rate, better known as the DSR, is the interest rate paid […]

Dharma

Dharma is a user-friendly layer that sits atop the Compound Finance protocol, enabling users to more easily participate in DeFi […]

PoolTogether

When it comes to participating in prize drawings, it’s no surprise that many of us have rarely won anything of […]

Token Flavors

Learn more about leading DeFi token wrappers including:

cTokens

cTokens fuel the Compound Finance lending platform, yet we rarely witness them in action. Let’s explore what makes them unique […]

dTokens

As we continue to watch the growth of DeFi lending markets, we’ve continued to see new projects leverage strong foundations […]

oTokens

Key Summary Convexity Protocol establishes a generalized framework for fungible ERC-20 tokenized options contracts called oTokens Tokenized options contracts allows […]

tBTC

How does TBTC work? TBTC is a decentralized and trustless system for wrapping Bitcoin proposed by Keep Project and the […]

WBTC

WBTC 2020 Lending Rates WBTC Overview As a trusted wrapped to port Bitcoin to Ethereum, WBTC has taken an increased […]

Onramps

In order for users to get into DeFi, they must first acquire cryptocurrency. We’ve covered a handful of trusted onramps which we believe to be the best places to buy popular cryptocurrencies like Bitcoin and Ether.

Binance

Binance is a leading cryptocurrency exchange and all-around ecosystem supporter for the blockchain space. Since launching as a token-to-token exchange […]

Coinbase

Coinbase is one of the world’s most popular cryptocurrency exchanges, especially within the United States. They’re extremely well-known for their […]

Wyre

Wyre is a crypto-friendly payments company which leverages blockchain to facilitate cross-border payments. They have partnered with several prominent cryptocurrency […]

Miscellaneous

For any project that doesn’t directly fall into one of the aforementioned categories, we’ll keep a running list here. Please feel free to give us some suggestions on where they may best fit!

Akropolis

Akropolis is a project building easy to use interfaces for decentralized and autonomous community economies. Its mission is to create […]

RealT

RealT is a tokenized real estate investment platform, enabling fractional ownership in real estate on Ethereum. We’re covered them a […]

Ren Protocol

Ren is an interoperability protocol to port assets across different blockchains using the RenVM. Best highlighted by the recent surge […]

Roll

When it comes to leveraging cryptocurrencies in new and exciting ways, the concept of “social money” is certainly one of […]

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