One of the biggest changes we have seen is the incredible rise of DEFI, which was theoretically possible only a few years ago. BitBoy Crypto is followed by a serious number of crypto currency investors around the world. They recently shared with their followers 5 fashion ShOw projects that will make the star shine in 2022. Cryptocurrency markets are extra risky, so making your investments only with the guidance of analysts can make you lose money. So are these 5 DeFi why did the project get on the radar of BitBoy Crypto analysts, what are its features?
Aave is an open source and unattended liquidity protocol for earning interest on deposits and borrowing assets. Aave, It is the number one multi-chain DeFi protocol on TVL, exceeding $11 billion. Aave is a december platform that allows users to borrow and access a range of about 30 crypto assets, including DeFi it is the precursor of protocols.
BitBoy Crypto analysts for all these reasons AAVE he expects a serious increase in its price. And whether he will become the star of this year, time will tell.
PancakeSwap, is a fairly popular AMM (market maker). At the time of writing, it has a TVL strength of about $5 billion. Syrup pools has great features such as Pancake swaps and IFOs for stock yield farms, and also includes lotteries, prediction markets, and NFT it encourages liquidity through things like.
This DeFi platform, which is quite easy to use, attracts a lot of attention from users. That’s why he’s in second place. Many crypto currencies that have doubled their price to 100x make their first listings here and investors are forced to use this platform.
Raydium is an AMM and liquidity provider based on Solana for Serum DEX. Raydium, is the best splitting protocol that interacts with Solana to achieve the best price swaps. RAY offers its owners a number of advantages, including access to token launch events, as well as generous stake options.
At the time of writing, it is in 137th place with a market capitalization of $ 523 million. The TVL power of the project, which has a maximum supply of 555 million, is at the level of 1.5 billion dollars.
Trader Joe’s (JOE’s)
Once in a while AVAX’s star is shining. Despite the recent decline, their losses have been limited. Trader JOE’s (JOE) and provides fashion show services in the Avalanche ecosystem. Trader Joe’s is not just a DEX for bartering and trading. It also has a number of features such as staking, yield farming, lending and community management.
It has a great feature called ZAP that allows users to convert their tokens into LP tokens with a single click. Users can deposit their tokens as collateral to borrow more tokens from another class. Trader Joe’s has seen an incredible rise in the last few months. There was also a Binance listing recently.
Ocean Protocol (OCEAN)
Finally, a platform worth mentioning Ocean Protocol (OCEAN)’dur. Ocean collects users’ data ERC 20 it helps them to reveal their true value by cashing in through data tokens. Effectively convert a dataset into an ERC 20 standard for third parties to use without the data itself.
This means that publishers can monetize data privately and securely. Users can buy and sell data sets on the Ocean sunday. Buyers can purchase an encrypted reference secured by smart contracts, unlock it when transactions are completed, and publish a dataset to create an IDO. The unique ERC 20 publisher can set the price or use Ocean’s powered AMMit can allow it to be discovered automatically using the . Therefore, users can earn by staking, selling, setting up their own Sunday place.