Top DeFi Platforms On Waves Blockchain

Today we are taking a look at the top Waves 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.

#2 Swop.fi

Swop.fi is an automated market maker (AMM) that offers different pricing formulas that are most suitable for each specific token pair. The original Flat formula is designed to reduce slippage in a pair of stable coins pegged to the same fiat currency. The classic Constant Product Market Maker formula is used for other pairs.

Swop.fi website: https://swop.fi/

Supported blockchains: Waves

#1 Vires.finance

Vires.finance is a decentralised non-custodial liquidity protocol based on Waves blockchain, where users, wallets and dapps can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to take a loan in an overcollateralized manner.

Vires.finance website: https://vires.finance/

Supported blockchains: Waves

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S1mple Finance

S1mple Finance

Decentralized Ecosystem, Cross-Chain AMM