Top 5 Tezos DeFi Platforms in April 2022!

Today we are taking a look at the top Tezos 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 Crunchy

Crunchy provides DeFi services and solutions on Tezos to projects, developers, and end users. Crunchy is maintained by independent developers and is governed by CrDAO holders.

Crunchy website: https://app.crunchy.network/

Supported blockchains: Tezos

#4 Youves

Youves is a tool on Tezos for asset creation and management. Decentralised. Non-Custodial. Self-Governed. Users can borrow, earn and swap crypto assets.

Youves website: https://app.youves.com/

Supported blockchains: Tezos

#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: https://kolibri.finance/

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.

Plenty website: https://www.plentydefi.com/

Supported blockchains: Tezos

#1 Vortex

Vortex offers some of the most sophisticated DeFi tools for traders, liquidity providers, and developers on Tezos blockchain. The Vortex ecosystem is a growing suite of scalable Dapps built to drive liquidity through attractive APYs.

Vortex website: https://vortex.network/

Supported blockchains: Tezos

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