Top 5 Fantom DeFi Platforms in April 2022!

Today we are taking a look at the top Fantom blockchain performers in the DeFi industry for this 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.

#5 CelerNetwork

Celer cBridge is a multi-chain network that enables instant, low-cost and ANY-to-ANY value transfers within and across different blockchains, such as Ethereum and Polkadot, and different layer-2 scaling solutions on top, such as Optimistic Rollup, ZK Rollup and sidechains.

CelerNetwork website: https://cbridge.celer.network/

Supported blockchains: Ethereum, Binance Smart Chain, Polygon, Avalanche, Harmony, OEC, Heco, Moonriver, Moonbeam, Fantom, Oasis Network, Shiden, Celo, Optimism, Astar

#4 YieldWolf

YieldWolf is a next-generation DeFi automation platform. It automates yield-farming strategies on the most well-known protocols efficiently. YieldWolf increases potential revenues by auto-compounding rewards at optimal rates and distributing gas costs between all the farmers in a pool.

YieldWolf website: https://yieldwolf.finance/

Supported blockchains: Fantom

#3 WigoSwap

WigoSwap is a DeFi platform that utilizes the Fantom network to offer an Automated Market Maker (AMM) alongside yield farming and NFT marketplace. WigoSwap provides users with a swift, and comprehensive protocol within the DeFi industry.

WigoSwap website: https://wigoswap.io/

Supported blockchains: Fantom

#2 Hector Finance

$TOR is the stablecoin of the Hector Finance Ecosystem. $HEC is the utility token which is supported by $TOR acting as a payment token, medium of exchange, and low-risk yield-bearing token.

Hector Finance website: https://app.hector.finance/

Supported blockchains: Fantom

#1 Geist

Geist Finance is a decentralized, non-custodial liquidity market protocol operating on the Fantom Opera blockchain.

Geist website: https://geist.finance/

Supported blockchains: Fantom

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S1mple Finance

S1mple Finance

Decentralized Ecosystem, Cross-Chain AMM