Buy 10 DeFi cryptocurrencies in one go!
The DeFi Bundle consists of the 10 largest DeFi cryptocurrencies. Decentralized Finance (DeFi) is the movement that uses decentralized networks and blockchains to transform traditional financial products into trustless and transparent protocols that work without intermediaries. The DeFi Bundle can be automatically balanced and revised, so that you no longer have to worry about this.
Cryptocurrencies in the DeFi Bundle
Aave (AAVE)
Avalanche (AVAX)
Chainlink (LINK)
Chainlink (LINK) is a decentralized oracle service, linking smart contracts in any blockchain with accurate data from the real world. It uses reputation and aggregation to collect data from selected oracles and find the most accurate data feeds.
Fantom (FTM)
Fantom is a highly scalable and fast layer-1 (proprietary network) solution that supports DeFi, DApps and enterprise applications. There are currently over 40 projects already running their dApps on the Fantom blockchain with a combined value of over $5 billion. Fantom keeps costs low and performance high with Lachesis – a DAG-based asynchronous non-deterministic algorithm that processes transactions on Fantom’s Opera mainnet. The main goal of Opera mainnet is to enable the use of smart contracts through Ethereum’s EVM (Ethereum Virtual Machine), but without the congestion and high cost of the current Ethereum network. Due to the DAG technique, the Opera network is fully scalable and congestion when using one of the apps does not affect the speed of other apps at all.
Maker (MKR)
The Maker Protocol is one of the cornerstones of Ethereum’s DeFi ecosystem. The Maker Protocol allows users to lock in their crypto assets as collateral and receive a loan in the form of Dai, a stablecoin worth $1. The process is completely transparent and functions through a system of smart contracts on Ethereum.
Near Protocol (NEAR)
Near Protocol is a layer-one proof of stake blockchain started in 2020 and designed as a cloud-computing platform for distributed applications. Near not only has great advantages in terms of scalability but most importantly it puts the user at the center. Near won the people’s choice Crypto Award in late 2021. Applications on this blockchain are more like the web applications you are already used to using.
Synthetix (SNX)
Synthetix allows users to create new crypto assets that mimic both real assets (such as the U.S. dollar) and crypto assets (such as Bitcoin). It works with overcollateralization – that is, each synthetic asset is backed by more value than it represents. Synths are created by having users deploy collateral (SNX) and create a synthetic asset for it (minten). They now partner with Thorchain, work with Curve Finance and use Chainlink oracles for their stablecoin.
The Graph (GRT)
The Graph is an indexing protocol for retrieving data from blockchain networks. It is increasingly used in applications for both DeFi and the wider Web3 ecosystem. The Graph currently supports indexing data from Ethereum, IPFS, POA, Polkadot, Solana, Near, and Celo. Additional Layer-1 blockchains under investigation for integration include Bitcoin, Cosmos, Avalanche, Binance Smart Chain, and Flow. The ultimate goal is to make structured information available on all standalone blockchains.
Thorchain (RUNE)
With Thorchain, coins can be swapped directly from one blockchain to another without any intermediate step or wrapping. The technique behind this liquidity facility is a series of new technologies, which are kept behind the scenes, allowing even inexperienced traders to work with this platform. Market prices are maintained by the ratio of assets in a pool. Thorchain is planned to stop running on Cosmos on June 1, 2022 and expects to continue on its own mainnet after that.
