The Best borrowing and lending crypto protocols to consider as an investment

The Best borrowing and lending crypto protocols to consider as an investment
фото показано с : coinjournal.net

2022-2-24 01:52

DeFi is no doubt the next big thing, and the blockchain industry is offering the infrastructure needed for that. Lending and borrowing are two big parts of the DeFi ecosystem. The good news is that there are certain projects in this area that offer very good prospects. Here is why lending and borrowing protocols matter:

Lending and borrowing are at the heart of DeFi right now.

There is a huge demand for these protocols as people transition from traditional CeFi.

Most of these projects are also grossly undervalued.

So, if you are not sure which lending and borrowing protocols you can invest your money in, here is a list to consider:

Aave (AAVE)

Aave (AAVE) is one of the leading DeFi protocols in the market right now. The platform is designed to act as a liquidity provider for exchanges across the crypto-verse. Users simply deposit their crypto assets in liquidity pools which are then used to provide liquidity in the market where it's needed. 

Data Source: Tradingview 

The users then earn a percentage of the transaction fees charged by these exchanges. Aave (AAVE) has grown immensely over the years. At the time of writing this post, this coin was trading at $140 with a market cap of around $1.9 billion.

PhoenixDAO (PHNX)

In case you are looking for an untapped asset in the lending and borrowing space, then PhoenixDAO (PHNX) is a huge bet. The coin is relatively small in fact, right now it has a market cap of just $1.8 million. This is a project that could realistically grow 10x easily. There are also plans to add more functionality to the Phoenix ecosystem in the near future.

Venus (XVS)

Venus (XVS) is an automated market maker protocol designed to provide liquidity in the market. It works the same as Aave. The coin has a market cap of $107 million and is trading at $9 at the moment. It is worth looking at.

The post The Best borrowing and lending crypto protocols to consider as an investment appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

consider investment borrowing protocols lending best crypto

Источник: coinjournal.net

consider investment → Результатов: 95


Фото:

As XRP Skyrockets, Ripple CTO David Schwartz Wants You To Consider Selling Some Crypto Holdings

David Schwartz, the Chief Technical Officer at Ripple Labs, has been giving some pretty positive investment advice, but it comes at an interesting time. Simply put, the CTO believes that if someone has life-changing amounts of different cryptocurrencies, that person should definitely consider selling some of the said cryptos in order to reduce the risk of […]

2021-4-15 11:55


Фото:

Former Bitcoin Critic Now Says Bitcoin Is Critical For Every Investment Portfolio – Here’s Why

Portfolio strategist and co-head of research at Bernstein Research, Inigo Fraser Jenkins has finally changed his mind about Bitcoin’s worth after two years of criticism. Jenkins, who once said that Bitcoin had no place in any investment portfolio has revised his view and declared that every investor should consider adding Bitcoin to their portfolios. “I […]

2020-12-3 11:27


Wealthy High-Net Worth Indians Consider Cryptocurrency For Their Investment Portfolios

Cryptocurrencies are becoming more popular around the world as more investors gain knowledge about the digital assets and the benefits they come with. The development of various applications for cryptocurrency has placed them as a viable option on investment markets as the digital assets angle for mainstream adoption. Cryptocurrency as an Investment Option A recent […]

2019-8-31 19:36


Фото:

Analyst Looks to Blockchain Data to Explain Why Bitcoin is Still ‘Bullish’

Market analyst Jesus Rodriguez believes that investors should consider blockchain datasets when devising their Bitcoin investment plans. Blockchain data helps with crypto investing On August 12, Invector Labs chief scientist, Jesus Rodriguez, took to Hackernoon and made his case as to why he believes Bitcoin remains bullish despite correcting from $13,800.

2019-8-13 13:00


“TerraCrypto Part III. Thaw: where do we grow?”

On July 25, 2019, in Moscow the III international forum on cryptocurrency mining of TerraCrypto will take place. Within the summer business program, we will consider questions of business processes of the crypto industry in Russia and the world, a legal framework of digital mining, the innovative technical solutions, investment processes, exchange and trade in […] The post “TerraCrypto Part III.

2019-7-12 14:00


Chinese Bitcoin Investors And Entrepreneurs Consider Regulations as Highly Important for Market Involvement

Everyone is talking about Facebook’s new crypto project Libra and the influence that it can have on the market. Pony Ma (Ma Huateng), the CEO of the multinational investment holding conglomerate Tencent, said that regulations are important for companies to release their own digital assets such as Facebook did. Changpeng Zhao, the CEO of Binance […]

2019-6-20 00:17


50% of Institutional Investors Consider Crypto Worthy of Being Added to Their Portfolios, Claims Survey

Ever since the crypto markets plunged from their late-2017 highs, embattled investors have been closely watching to see how large investment groups, including corporate and institutional investors, take to the nascent markets – as they may ultimately introduce enough capital to the markets to fuel the next bull market.

2019-5-3 01:00


Фото:

Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections.

2019-3-29 02:21


дальше еще 46 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Price Forecast: What To Expect In The Final 24 Hours Before US Election

As the US presidential election approaches, the Bitcoin price has found a stable support range between $68,000 and $69,000, just shy of its all-time high earlier this year.   While the cryptocurrency has struggled to surpass this significant milestone, investor sentiment remains cautiously optimistic, with expectations for further price increases tempered by anticipated market volatility in the upcoming hours.

BNB price unfazed as Binance burns 1.7M tokens

Binance has burned over 1.7 million BNB tokens as a part of its quarterly burning initiative. On Nov. 1, Binance, the world’s largest cryptocurrency exchange in terms of trading volume, announced its 29th quarterly BNB token burn, where it removed…

Crypto turns green as Bitcoin flirts with $73k

Most cryptocurrencies are trading in the green in the past 24 hours, as Bitcoin price rose to $73,000 to push the global crypto market cap to $2.45 trillion. This happens as Bitcoin (BTC), the flagship digital asset, topped $73,000 on…