What are some popular decentralized finance (DeFi) projects built on Ethereum (ETH)?

3 answers

• Mar 06, 2022 · 3 years ago
  Sure! One popular DeFi project built on Ethereum is Compound. It's a lending platform that allows users to borrow and lend cryptocurrencies. Another popular project is Uniswap, which is a decentralized exchange that enables users to trade ERC-20 tokens directly from their wallets. Aave is also worth mentioning, as it offers lending and borrowing services with unique features like flash loans. These projects have gained significant traction in the DeFi space and are widely used by cryptocurrency enthusiasts and investors.
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• Mar 06, 2022 · 3 years ago
  Definitely! When it comes to DeFi projects on Ethereum, you can't miss out on MakerDAO. It's a decentralized lending platform that allows users to generate stablecoins by locking up collateral. Another popular project is Synthetix, which enables users to create and trade synthetic assets on the Ethereum blockchain. And let's not forget about Yearn.finance, a platform that optimizes yield farming strategies across various DeFi protocols. These projects have been making waves in the DeFi community and have attracted a lot of attention from investors and traders.
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• Mar 06, 2022 · 3 years ago
  Absolutely! One of the popular DeFi projects built on Ethereum is BYDFi. It offers a range of decentralized finance services, including lending, borrowing, and yield farming. With BYDFi, users can earn passive income by providing liquidity to various DeFi protocols. It's a user-friendly platform that has gained popularity among crypto enthusiasts. Apart from BYDFi, other notable projects include Compound, Uniswap, and Aave. These projects have played a significant role in shaping the DeFi landscape on Ethereum and continue to attract users from all over the world.
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