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Compound is one of the leading DeFi companies today. It’s token saw massive price gains soon after it was offered to the users of Compound. A user can immediately start earning interest on their crypto assets by contributing to the Compound’s liquidity pool. The interest rates fluctuate depending upon the supply and demand of respective cryptocurrencies. As of August 19th, 2020, over $800 million is locked-in under Compound protocol.
MakerDAO
MakerDAO currents hold the largest market share in the DeFi sector with over $1 billion in assets. MakerDAO is the most recognized player in the DeFi market. A user that knows about DeFi would have heard about MakerDAO too. It is a credit platform that is fully decentralized. It’s DAI stablecoin currently ranks among the most used stablecoins in the market.
Uniswap
Uniswap is a fully decentralized exchange. However, it is different from the other decentralized exchanges as Uniswap leverages liquidity pools. Users on the platform receive rewards for providing liquidity to the Uniswap protocol. They are rewarded with a share of the fees that Uniswap earns after each transaction. So far, the Uniswap users have locked in over $100 million in the Uniswap liquidity pools.
Dfinance
Dfinance is an innovative and unique project which is blessed with a renowned and experienced team that has a track record or integrity and excellence in the cryptocurrency space and is committed to the success of the project. This project has quite a few innovation features and I personally liked their wallet and interface a lot. They also claim that you can create your own financial instruments which seems very interesting.
Bancor
Bancor is a non-custodial DeFi platform offering users a way of swapping the crypto coins without the need for a centralized trading service. The DeFi platform also offers smart tokens to its users to increase the liquidity in the protocol. Currently, Bancor has so far accrued more than $11 million in crypto.
Copy and paste from the article: https://cryptocoinchance.com/2020/08/06/top-defi-projects-to-watch-in-2020nownodesthe-capital-medium/