Eth defi coins6/12/2023 ![]() Read! 5 DeFi Arbitrage Strategies 2 Best Staking Protocol CoinsĬrypto-staking protocols allow crypto participants a decentralized solution to staking crypto. With this exception, Balancer is almost identical to Uniswap.īalancer (BAL) is the ERC-20 token that runs the Balancer ecosystem. Most DEXs contain only 2 cryptos in their liquidity pools Balancer allows up to eight cryptocurrency tokens in their pools. ![]() Top DeFi Categories: Total Value Lockedīalancer is a DEX that offers investors access to non-standardized liquidity pools. □ Take Note! Though commonly referred to as ‘coins’, the cryptocurrencies produced by DeFi protocols are actually tokens, ERC-20 tokens to be precise. Read: Crypto vs DeFi - How Do They Differ? In order to determine the weighting of your DeFi token portfolio, it will be helpful to have an understanding of the various DeFi markets and their respective sizes as gauged by total value locked. Therefore, no DeFi portfolio would be complete without ether (ETH). The predominant blockchain for DeFi is Ethereum. Lending/borrowing Coins: Aave (AAVE), Compound (COMP), Just (JST)ĭerivative Coins: GMX (GMX) & dYdX (DYDX)Īll DeFi protocols operate under open-source blockchain technology. Staking coins: Lido (Lido) & Rocket Pool (RPL) Largest DeFi segments: DEXs - 31% lending protocols - 17%ĭEX coins: Uniswap (UNI), Curve (CRV), PancakeSwap (CAKE), Balancer (BAL) In this guide, we will review the most popular decentralized finance (DeFi) cryptocurrency coins in 2023.
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