Top 3 Shiden DeFi Platforms!

Today we are taking a look at the top Shiden 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 PolkaEx

Using Astar Network to provide higher TPS, lower transaction cost and a smooth trading protocol. PolkaEx is not only a decentralized exchange but has other features like Launchpad and more features will be added in the future, providing a one-stop DeFi platform.

PolkaEx website: https://www.polkaex.io/

Supported blockchains: Ethereum, Binance Smart Chain, Polygon, Shiden

#2 KACO Finance

KACO chose to run on the Binance Smart Chain because the transaction fees here are much lower than Ethereum and Bitcoin. And the transaction fees are also lower than other top decentralized exchanges, which can save you a lot of fees!

KACO Finance website: https://www.kaco.finance/

Supported blockchains: Binance Smart Chain, Shiden

#1 Standard Protocol

Standard Protocol is the first Self-Sovereign Stablecoin protocol that embraces and visions the true decentralized form of Web3.0. Empowered by its interoperable DAO ecosystem, Standard Protocol empowers its users with full control over its monetary system through a multichain DEX, a decentralized Oracle and a non-reserve design for CDP using NFT.

Standard Protocol website: https://standard.tech/

Supported blockchains: Shiden

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