Top 5 IoTeX DeFi Platforms in April 2022!

Today we are taking a look at the top IoTeX 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 ParrotDeFi

Parrot DeFi is a decentralized yield farming and NFTs multi-chain platform running on Matic, IoTeX, Arbitrum and Harmony.Parrot Defi’s core team is composed of experienced entrepreneurs, smart contract developers, project managers, and crypto enthusiasts.

ParrotDeFi website: https://parrotdefi.com/

Supported blockchains: IoTeX, Harmony

#4 Magic Land Finance

Magicland is an emerging sustainable decentralized one-stop DeFI portal that starts with yield farming powered on Arbitrium and IoTeX.

Magic Land website: https://iotex.magicland.fi/

Supported blockchains: IoTeX

#3 Elk Finance

Elk Finance is a decentralized network for cross-chain liquidity. The Elk ecosystem makes it possible to exchange cryptocurrencies and interact with smart contracts seamlessly across networks, bypassing the need for complicated and costly bridges.

Elk Finance website: https://app.elk.finance/

Supported blockchains: Polygon, Avalanche, TelosEVM, Fuse, IoTeX, BNB Chain, Cronos, Moonriver, Phantom, Harmony, Heco

#2 ZoomSwap

ZoomSwap is a cross-chain infrastructure project that builds liquidity for layer-one blockchains, AMMs and partnering projects. Launching on IoTeX, there is an exciting opportunity for farmers to earn $ZM and other project tokens.

ZoomSwap website: https://zoomswap.io/

Supported blockchains: IoTeX

#1 ioTube

ioTube is a decentralized cross-chain bridge that enables the bidirectional exchange of cryptocurrencies and data between IoTeX and other blockchain networks. The first cross-chain network to be supported is Ethereum.

ioTube website: https://iotube.org/

Supported blockchains: IoTeX

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More from S1mple Finance:

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Top 5 Cronos DeFi Platforms in April 2022

Top 5 Fantom DeFi Platforms in April 2022

Top 5 Tezos DeFi Platforms in April 2022

Top 5 Harmony DeFi Platforms in April 2022

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S1mple Finance

S1mple Finance

Decentralized Ecosystem, Cross-Chain AMM