Top 3 Harmony DeFi Platforms!

Today we are taking a look at the top Harmony blockchain performers in the DeFi industry for the past month!

What is DeFi?

Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services.

#3 Sushi

Similar to platforms like Uniswap and Balancer, SushiSwap uses a collection of liquidity pools to achieve this goal. Users first lock up assets into smart contracts, and traders then buy and sell cryptocurrencies from those pools, swapping out one token for another.

Sushi website:

Supported blockchains: Ethereum, Polygon, Arbitrum, Avalanche, Moonbeam, Moonriver, Fantom, BSC, Gnosis, Harmony, Telos EVM, Celo, Fuse, OKEx, Heco and Palm

#2 ViperSwap

VenomDAO is a community-driven, fair launched initiative. The release of the swaps under the VenomDao umbrella will not include any presales, seed rounds or unfair allocations to early investors or backers.

ViperSwap website:

Supported blockchains: Harmony

#1 Tranquil Finance

Tranquil Finance is a multiprimitive DeFi super app for the Harmony blockchain. It is the first DeFi protocol developed as part of the Defira metaverse, adding a GameFi layer to Tranquil’s DeFi features. The protocol supports three major DeFi primitives: DEX, lending, and liquid staking.

Tranquil Finance website:

Supported blockchains: Harmony

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