DeFi

Maker

Maker is a permission-less lending platform and a decentralized stablecoin.

It allows any user to autonomously take out a loan (denominated in Dai) by staking digital assets as collateral. There are no KYC requirements and all lending actions are performed by smart contracts. The native token MKR is used for governance and stability fees.

See: code, community

SeeSWAP (Balancer)

Balancer is an asset management platform that acts as an automated portfolio manager, liquidity provider, and price sensor.

A native governance token BAL is used to vote on protocol upgrades including supported collateral, fees, and incentives. BAL can be earned through the Liquidity Mining program which grants users token for providing liquidity to Balancer Pools.

See: code, community

Curve

Curve makes use of liquidity pools and bonding curves to provide high-efficiency stablecoin trading and low-risk returns for liquidity providers.

With Curve, users aren’t exposed to the price slippage they would normally face on DEXs when trading from one stablecoin to another. Curve lends assets when they aren’t being traded and gives that interest to liquidity providers.

See: code

1EARN (yEarn)

yEarn is a liquidity aggregator providing automated yield farming strategy through a number of lending pools.

The native governance token YFI is earned through liquidity money on a number of different pools, and by staking proof of liquidity.

See: code, community

1BTC (wBTC)

WBTC is a multi-institutional framework for wrapping tokens on Ethereum through the use of Merchants and Custodians to issue, burn, and custody the underlying assets.

This WBTC framework provides a generalized mechanism in which crypto institutions can create asset-backed tokens in a transparent nature.

See: code

Aave

Aave is a DeFi lending protocol that enables users to lend and borrow a diverse range of cryptocurrencies using both stable and variable interest rates.

It includes notable distinguishing features such as uncollateralized loans, “rate switching”, Flash Loan and unique collateral types.

See: code