It seems like day by day there are tons of new DeFi based tokens, smart contracts, lending platforms, dApps are being launched for some new use case. Projects dub themselves the “DeFI version” which helps to increase business ROI.
But the reality is that 75% of these projects are requiring to ride the Decentralization wave without making a real impact on the world. So it’s time to focus on the DeFi projects that actually matter. The DeFi projects that are actually impacting folks around the world in a positive way. This does not necessarily mean that these DeFi projects are ending world poverty but rather that they have real use cases that provide massive value to their communities.
What is DeFi?
Decentralized finance, in a survey, promises transparency and provides profitable terms for borrowers. DeFi platforms which are building an alternative financial system for offering/receiving loans, exchanging currencies, making payments, etc.
There are no banks, brokers or trusted third parties, governments are not convoluted, and finally, well-known middlemen are removed. There is just secure, transparent software.
So with that being said, let’s jump into our top 7 impactful DeFi projects of 2020…
3. Yearn Finance
Since DeFi is moving at a frenetic pace of innovation, new projects have started to emerge with additional features and new releases. No doubt that there are N numbers of DeFi projects available across the world, enterprises need to understand the DeFi which helps to build highly scalable & reliable decentralized applications.
Therefore, we have discussed the DeFi projects are built by the Ethereum blockchain platforms. Ethereum blockchain-based DeFi dApps is marking a significant increase in demand for such services.
As one of the leading Decentralized Finance Development companies, we provide DeFi development and consultation to our worldwide clients and help them select the high-end technology stack that meets their DeFi business needs. At Developcoins, we have an innovative team of DeFi developers who have a deep understanding of DeFi concepts and understand DeFi development using the Ethereum and other blockchain platforms.
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