DECENTRALIZED FINANCE (DeFi)
Decentralized Finance (DeFi) is one of the hottest trends to emerge out of the crypto markets. DeFi refers to financial services built on the blockchain, mainly on the Ethereum network, that allows anyone to access financial products and services online in a decentralized and borderless manner. Today, DeFi users can stake, borrow, lend, trade, invest, and make payments without the need for a financial institution as an intermediary. Instead, the role of traditional financial institutions is replaced by decentralized smart contract protocols. These are entirely peer-to-peer, without any company or other institution providing the platform.
Uniswap
Use: Exchange
dYdX
Use: Derivatives Exchange
Leading DeFi Projects
Sushi Swap
Use: Exchange
Compound
Use: Lending
Aave
Use: Lending
Synthetix
Use: Derivatives
Source: Finematics Source: BlockGeeks