Caricoin

Decentralized Finance

Caricoins curated selection of the best decentralized finance solutions on the market today, sorted by category.

When it comes to the creation of next-generation financial primitives, Decentralized Finance (DeFi) does just that. By leveraging open source software and composable frameworks, DeFi allows anyone in the world to utilize financial services in a trustless and transparent manner. Simply put, DeFi aims to remove intermediaries to provide the world with a globally inclusive financial system.

Below, we have created a high-level overview of the prominent sectors within the wider DeFi landscape along with reviews (listed in alphabetical order) of the prominent players we’ve covered. For more background on DeFi , check out our What is DeFi beginners guide.

Tokens

View a listing of the top DeFi marketplace tokens by Market Capitalization with full information on trading volumes and spot prices in our cryptocurrency index

Wallets

Wallets are a crucial gateway for interacting with DeFi products. While they commonly vary in their underlying product and asset support, across the board we’ve seen drastic improvements in usability and access thanks to the growing DeFi narrative.

Lending

DeFi allows any individual to take out or supply a loan without approval from a third party. The large majority of lending products use popular cryptocurrencies such as Ether ($ETH) to secure outstanding loans through over-collateralization.

Insurance

Decentralized insurance protocols allow users to take out policies on smart contracts, funds, or any other cryptocurrencies through pooled funds and reserves. This sector is rather small for the time being but we largely anticipate it to play a crucial role in the underlying maturity of the ecosystem at large.

Exchanges (DEX)

Decentralized exchanges allow users to swap their assets without having to transfer custody of the underlying collateral. DEXs aim to provide trustless, interoperable trading across a wide range of trading pairs. In recent months, DEXs have seen vast improvements in usability with some offering liquidity incentives for capital being supplied to the platform.
Data taken from the definitive source of DeFi information https://defirate.com