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List of Popular DeFi applications

List of DeFi protocols

Disclaimer. The DeFi space is always changing. I will do my best to add the protocols here, but this is NOT an exhausted list. I do not use all of these protocols. The only protocols I am currently interacting with is Zilswap, PancakeSwap, and SwapZone. Also, I am NOT trained in finance and I am NOT a financial advisor. Cryptocurrency is my hobby only. Always do your own research.

Check out DeFiLama for their list of Protocols.

List of DeFi Protocols

AAVE is open-source DeFi liquidity protocol for earning interest on deposits and borrowed assets. Built on the Ethereum network, AAVE has revolutionised flash loans by reversing the loan unless the principal and interest are paid back in the same transaction. You can learn more here.

AkropoliOS is a framework for setting up and manage distributed capital pools with customisable liquidity and treasury management. You can learn more here.

Alpha Homora is a leveraged yield farming and liquidity providing protocol on the Ethereum blockchain. Learn more about Alpha Homora here.

Atomic loans DeFi protocol is decentralised bitcoin-backed lending where lenders and borrowers meet on a peer to peer platform powered by custom bitcoin scripts. You can learn more here.

Bamboorelay is decentralised trading, borrowing, and lending straight from your wallet. Learn more from Bamboorelay here.

Bunny is DeFi yield farming aggregator and optimizer for the Binance Smart Chain and Ethereum. Learn more baout Bunny here.

bZx is an open finance protocol that let you build applications for lenders, borrowers, and traders on the Ethereum blockchain. Learn more here.

Centrifuge is decentrialised asset finance where you can bring your assets to DeFi and access banckless liquidity. Learn more here.

Cream.Finance is a lending platform built on the Compound finance open-source lending and exchange platform. You can learn more here.

DDEX is decentralised margin trading with leverage and passive income through a lending protocol. Learn more about DDEX here.

DeFiner is a decentralised lending platform where you can earn interest and access instant loans on a peer to peer framework. Learn more about DeFiner here.

FEI uses a new kind of stablecoin mechanism called direct incentives. It is more capital-efficient, has a fair distribution, and is fully decentralized. Learn more about FEI here.

Fortube is decentralised lending service, digital crypto bank, crypto bond issuance and investments. Learn more about ForTube here.

Flexa is a payment network that connects directly to your existing payment infrastructure through a variety of processors. Learn more about Flexa here.

Fuse studio allows you to build your own wallet and mint your own custom branded currency for your company/community. Learn more about Fuse studio here.

FutureSwap is a decentralized swapping platform that enables 10x leverage. Learn more about FutureSwap here.

Hegic lets you trade non-custodial options for profits or to hedge your positions. Learn more about Hegic here.

HoneySwap is a decentralised exchange built on the xDai Chain which enables users to experience fast and secure transactions with love fees. Learn more about HoneySwap here.

Jellyswap is a peer to peer trading tool that allows users to trade across blockchains. Learn more about Jellyswap here.

Kava is a lending platform offering collateralized loans to users of crypto assets. Learn more about Kava here.

Liquidity is a decentralised borrowing protocol where you can draw 0% interest loans against Ether used as collateral. Learn more about Liquidity here.

Loopring is the first decentralised exchange built on the Ethereum blockchain. It has low cost and high throughput trading on its exchange. You can trade and provide liquidity without gas fees. You can learn more here.

Maker is a decentralised credit system built on the Ethereum blockchain where users can create collateralised debt positions and use Ethereum as collateral to generate its own USD-pegged stable coin, DAI. Learn more about Maker here.

Mettalex is Dex focused on token-based commodities trading. Learn more about Mettalex here.

MCDEX is a decentralised swap exchange based on Mai Protocol which allows anyone to create a perpetual market. Learn more about MCDEX here.

mStable is an autonomous and non-custodial stablecoin infrastructure. It combines lending income with trading fees to produce higher-yielding assets. Learn more about mStable here.

Notional is a fixed rate & term financing decentralised protocol on the Ethereum blockchain. You can learn more here.

Opyn is a trading DeFi that allows you to earn a premium or hedge risks on ETH and ERC20s. Learn more about Opyn here.

PancakeSwap is a decentralised exchange running on Binance Smart Chain. Pancake swap allows the users to earn and win tokens. Learn more about PancakeSwap here.

PerlinX allows users to trade real-world assets through decentralised liquidity pools and synthetic asset generation. Learn more about PerlinX here.

Perpetual Protocol is composed of two parts: Uniswap inspired virtual AMM’s backed by fully collateralised vaults and a built-in Staking Pool. Traders can trade with up to 20x leverage long or short. Learn more about Perpetual Protocol here.

QuickSwap is a permissionless decentralised exchange on Ethereum that is powered by Matic Network’s Layer 2 scalability infrastructure. On QuickSwap you can also earn liquidity fees on staking pools. Learn more about QuickSwap here.

SerumDex is decentralised Exchange (Dex) built on Solana. Learn more about Serum here.

SnowSwap lets users deposit assets into the SnowSwap pool to earn a share of trading fees and SNOW rewards. Learn more about SnowSwap here.

YF Link is a project that builds multiple DeFi services for LINK holders. Learn more about YFL here.

QuickSwap is Automated Market Maker where users can earn rewards from liquidity provider rewards. You can learn more about QuickSwap here.

Saffron Finance is an asset collateralisation platform where liquidty providers have access to dynamic exposure by selecting customized risk and return profiles. Learn more about Saffron Finance here.

ShibaSwap is a decentralised cryptocurrency exchange for the Shiba Inu token built on the Ethereum blockchain. Learn more about ShibaSwap here.

Siren is a protocol that lets the users participate in liquidity mining events as new option markets are created. Learn more about Siren here.

Superfarm is a cross-chain DeFi protocol that allows users to deploy crypto and NFT farms with no code required. Learn more about SuperFarm here.

Sushiswap is an automated market maker (AMM) dex based on a Uniswap fork. Learn more about Sushiswap here.

SwapZone is a personal favourite of mine. I swapped a lot of ‘shitcoins’ into my favourite coin Zilliqa using this protocol. SwapZone is a cryptocurrency exchange aggregator. Learn more about SwapZone here.

Syntethix is derivatives liquidity protocol, allowing anyone to gain on-chain exposure to a vast range of assets. Learn more about Syntethix here.

Tokenion is smart contract based decentrlised trading. Learn more about Tokenion here.

TrustSwap is a staking protocol where you can earn staking rewards on your Swap tokens. Learn more about TrustSwap here.

UMA is a decentralised protocol to create synthetic assets on Ethereum. Learn more about UMA here.

Uniswap is a decentralised trading protocol for token exchange on Ethereum. Learn more about Uniswap here.

Venus is a decentralised marketplace for lenders and borrowers with borderless stablecoins. Learn more about Venus here.

Viperswap is a trading protocol on the Harmony blockchain. You can learn more about Viperswap here. Note that to use the Metamask wallet, you must add the Harmony network and connect it to the interface. You can follow this tutorial on how to add the Harmony network to your wallet.

XCAD swap is a decentralised protocol for the XCAD token built on the Zilliqa blockchain. Learn more about XCAD Swap here.

Zerion is a Defi protocol that lets its users build and manage their DeFi portfolio from one place. Learn more about Zerion here.

Zilswap is a decentralised exchange running on the Zilliqa blockchain and built by Switcheo. Zilswap allows users to earn Zwap tokens as rewards for providing liquidity. Learn more about Zilswap here.

You can also learn how you can earn passive income on Zilswap here.

How can DeFi change the world?

Decentralised finance is permissionless and censorship-resistant. In political instability, this becomes more important than ever. Learn more about DeFi here.

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