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DeFi Overview

  • Written by Admin
  • Published on 2020-12-23

Common first-time DeFi uses.TRADE on KOINASCENT – Test out the sector leading DEX to easily swap between any two Ethereum-based assets. LEND on KOINASCENT – Got some assets sitting in a wallet collecting dust? Head on over to the Compound Finance app to earn interest by lending them to the DeFi ecosystem at large.

Enter PoolTogether – Feeling lucky? Put some Dai into the PoolTogether pot for a chance to win a prize every week.

Buy a TokenSet – Looking to take advantage of sophisticated trading strategies? Check out Set Protocol’s most recent TokenSets to take part in complex trades all by purchasing a single ERC20 token.

While this list could go on and on, the important thing to note here is that DeFi is largely accessible with a very small amount of capital. Virtually all DeFi transactions are instant, meaning there is no need to wait for a third party to get started.