Top 3 Tezos DeFi Platforms!

Today we are taking a look at the top Tezos 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 Kolibri

Kolibri is an Tezos based stablecoin built on Collateralized Debt Positions (CDPs) known as Ovens. Kolibri uses CDPs to collateralize a soft pegged USD-stable value asset, kUSD. Data is provided via the Harbinger Price Feed via the Oracle contract.

Kolibri website:

Supported blockchains: Tezos

#2 Plenty

Plenty is expanding DeFi use cases on Tezos towards a full scale decentralized financial ecosystem. Empowering traders, liquidity providers & developers to participate in an open financial marketplace. The Plenty Automated Market Maker (AMM) is designed for exchanging both FA1.2 and FA2 tokens on the Tezos blockchain. The smart contracts allow users to trade trustlessly, peer-to-peer, with liquidity that is supplied by other users. The architecture is based on Uniswap V2.

Plenty website:

Supported blockchains: Tezos

#1 Smartlink

Smartlink introduces Trust-as-a-Service, providing a decentralized escrow payment system in line with the new economy and Web 3.0. Smartlink eliminates the risk, drastically reduces costs, and brings a new user experience for the next generation of payment processing and marketplaces. The established solutions, including third-party escrow services and payment processing systems come with high commission structures, slow settlement mechanisms, and limited security.

Smartlink website:

Supported blockchains: Tezos

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S1mple Finance

S1mple Finance

Decentralized Ecosystem, Cross-Chain AMM