Caricoins curated selection of the best decentralized finance solutions on the market today, sorted by category.
Compound Finance is a sector-leading lending protocol enabling users to lend and borrow popular cryptocurrencies like Ether, Dai and Tether. Compound leverages smart contracts for the storage, management, and facilitation of all pooled capital. Users connect to Compound through web3 wallets with all positions being tracked using interest-earning tokens called cTokens.
yEarn is a liquidity aggregator providing automated yield farming strategy through a number of lending pools. The protocol’s most well-known pool, yearn.finance, shifts capital between top DeFi lending protocols like Compound, Aave and dYdX – ultimately geared at providing lenders the best return on liquidity.
Maker is a permissionless lending platform responsible for the creation of DAI, the first decentralized stablecoin, built on Ethereum. As what many would call the very first DeFi project, Maker has long since held the #1 ranking on virtually all DeFi tracking platforms when it comes to the total amount of ether (ETH) locked within the system.
Aave is a DeFi lending protocol that enables users to lend and borrow a diverse range of cryptocurrencies using both stable and variable interest rates. In addition to the typical features seen on protocols like Compound, Aave includes notable distinguishing features such as uncollateralized loans, “rate switching”, Flash Loan and unique collateral types.
BlockFi is a non-bank lending company which provides fiat currency loans, secured with cryptocurrency collateral. They also offer cryptocurrency interest accounts, which pay competitive interest rates on deposits including BTC, ETH and USDC. BlockFi is a centralized service, which carries different risks to decentralized finance (DeFi) platforms built on smart-contracts.