If there is one thing that you could be most excited about cryptocurrency after blockchain is, that is DeFi.
In recent times, the number of DeFi apps is increasing significantly, but a lot of them are being unseen or unheard by many of us.
A while back, I created a list of best DeFi wallets, and today I’m extending this list with some of the best DeFi apps that you should know about or perhaps start using.
DeFi apps could be categorized into various sub-categories such as:
And many more…
In this resource, I’m mostly focused on the finance and exchanges part. Anything that would help you to maximize your return or make money from DeFi.
Best DeFi apps For Investors: Finance
1. DeFizap: Get instant exposure across multiple DeFi protocols based on your investment goals.
2. Pool Together:
Pool Together is an Ethereum application that makes saving money as fun as a game. You join a pool by buying a “savings ticket”, each savings ticket gives you a chance to win a prize, but even if you don’t win, you keep all your money! PoolTogether lets you have the best of both worlds — saving money and the chance to win a prize!
3. DeFisnap: One dashboard to rule them all. Easily track and visualize all your DeFi assets and liabilities in one simple interface.
Enhance your portfolio with automated asset management strategies.
Nexus Mutual is the insurance for smart contracts. This is a great way to save yourself from smart contracts bugs, and losing all your funds in one such scenario. Nexus Mutual uses the power of Ethereum so people can share risks together without the need for an insurance company.
ENS offers a secure & decentralized way to address resources both on and off the blockchain using simple, human-readable names. ENS eliminates the need to copy or type long addresses. With ENS, you’ll be able to send money to your friend at ‘yourname.eth’ instead of ‘0x4cbe58c25340…’, interact with your favorite contract at ‘yourcontract.eth’, or visit a Swarm-hosted site at ‘yourdomain.eth’
Uniswap is a decentralized exchange with a neat interface. Apart from exchanging any popular ERC20 token, you can also contribute to the liquidity pool, and make money on Uniswap. However, I still need to explore and share more about it, as you can’t make money on Uniswap in all the situations.
For now, it’s still good for a decentralized exchange of tokens and wait for my liquidity pool research post. You can subscribe to the CoinSutra email newsletter (on the homepage) to get notified when I publish the same.
Which is your favorite Defi apps?
This list of top DeFi apps is still under curation. I will keep adding more details, and more apps as I discover something new. Also, if you know or more apps for DeFi that CoinSutra users should know, do let me know in the comment section below.
An award-winning blogger with a track record of 10+ years. He has a background in both finance and technology and holds professional qualifications in Information technology.
An international speaker and author who loves blockchain and crypto world.
After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.
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