Monday, January 30, 2023

Top 5 DeFi Coin Picks 2020 | What is DeFi ? | Tamil | DinuUd


#Top5DeFiCoins #DeFi #BullRun
THE MONEY MARKET PROTOCOL
Aave is an open source and non-custodial protocol enabling the creation of money markets. Users can earn interest on deposits and borrow assets.
Synths are tokens that provide exposure to assets such as gold, Bitcoin, U.S. Dollars, TESLA (coming soon), and AAPL (coming soon) within the Ethereum blockchain.

Kyber Network is a Decentralized Exchange platform for digital assets. The exchange fees provide for the returns of the investors and liquidity providers. The orders on a DEX are matched using a specialized algorithm.

Other popular DEX bringing reality to DeFi are Uniswap, Ox, Airswap, Bancor, Binance DEX and so on.

0x is an open protocol that enables the peer-to-peer exchange of assets on the Ethereum blockchain.

Ren aims to bridge different Blockchains by allowing to move value between across several protocols. Hence, the sender can pay with the choice of his cryptocurrency, lets say Ethereum [ETH], and the receiver could choose to get paid in Bitcoin [BTC].

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