Today we are taking a look at the top Waves 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.
Slingshot is a trading platform offering aggregated DEX liquidity with CEX-like performance, featuring the best swap rates, real time charts, and trade data for every liquid token, as well as social features — global chatbox, NFT pfps.
Slingshot website: https://app.slingshot.finance/
Supported blockchains: Optimism
#2 1inch Network
The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space. The initial protocol of the 1inch Network is a DEX aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange.
1inch Network website: https://app.1inch.io/
Supported blockchains: Ethereum, Binance Smart Chain, Polygon, Optimism, Arbitrum, Gnosis, Avalanche
Synthetix is a decentralized platform on Ethereum for the creation of Synths: on-chain synthetic assets that track the value of real-world assets. Born as stablecoin project Havven, Synthetix rebranded and expanded its scope prior to launching on mainnet in February 2019. As of May 2019, the Synthetix platform supports over 20 Synths representing fiat currencies, commodities (e.g., gold), and cryptoassets.
Synthetix website: https://www.synthetix.io/
Supported blockchains: Ethereum, Optimism
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