57
views

7 Uprising DeFi Projects to track in 2021

The Defi sphere was launched in 2017 during the launch of DAI, and since then, it has garnered billions in TVL. Although just a few years old, this world has produced some of the best financial tools, thus proving to be one of the most substantial economic disruptions of our day. As it stands now, more platforms with more unique tools come out every other month.

Although Defi’s growth is tremendous, some platforms are yet to go mainstream but have excellent services. Let’s have a look at 7 uprising DeFi projects to track in 2021. 

  • Defi Yield Protocol (DYP)

Defi yield protocol is a decentralized finance network offering services like decentralized exchanges, yield farming, staking, and lockers. Launched in 2020, the platform’s developers have been working hard, thus introducing some of the best Defi features. 

The unique thing about DYP is the anti-manipulation feature helps assure investors of the security of their wealth. Since its launch, this platform has not suffered from manipulation credits due to the anti-manipulation feature. 

DYP is the native token of this network, helping secure the network and complete other tasks. Currently, DYP is trading at $2.74 and has a market cap of $10 million.

Soon, the platform will be introducing ETH mining pools to help investors make an even higher income while mining ETH. 

  • Request Network (REQ)

Request Network is an Ethereum based Defi platform offering decentralized payments at very high security. This platform’s advantage is its ability to remove third parties, ensuring that payments in and out of investors’ accounts are affordable and ultimately secure. 

The Request platform deploys a push-generated payment system, where the payee sends an invoice with details, and the payer detects and responds by paying using a one-click system.

This network employs a native utility token dubbed REQ. REQ has a current market cap of $124 million, and each token trades at $0.125. 

  • UniCrypt Network (UNCX)

Unicrypt Network is a crypto DeFi network that offers a vast array of services, including yield farming, liquidity lockers, and supporting crypto startups. As a yield farming network, Unicrypt provides investors with an opportunity to add liquidity to UniSwap’s pools and earn rewards at reasonable rates.

Moreover, for startups, Unicrypt has a decentralized launchpad that aids startups in completing presales. This launchpad eliminates many unnecessary procedures and hindrances set by centralized launchpads, making it easy for them to list their project. Unicrypt also integrates the locker option allowing projects to lock liquidity for some time. 

This platform also has a dual token system with the following tokens using UNCX deflationary tokens and UNCL yield farming tokens. 

  • Falcon Project (FNT)

Falcon project is a crypto platform merging services like swapping, yield farming, non-fungible tokens, etc. It leverages two interconnected blockchains systems, i.e., ERC-20 and ERC-1155. 

The ERC-20 based chain hosts a token dubbed FNT, which helps in DeFi-related services. Currently, FNT is trading at $0.0028 and has a market cap of $11 million.

The second chain supports NFT vouchers leveraging the ERC-1155 chain system. Combining two chains helps bolster the platform’s scalability, speed, convenience, privacy, and anonymity.

  • AnySwap (ANY)

Anyswap is a Defi platform allowing inter-platform swapping of tokens. Moreover, AnySwap is implanting a farming option to help increase users’ income-earning opportunities. 

This platform leverages Fusion DCRM technology to provide the best services to investors at any time. The platform uses a dual signature algorithm of ECOSA and EDDSA, thus allowing swaps between multiple blockchains, including BTC, ETH, LTC, USDT, etc. 

AnySwap’s native token is ANY, which helps in providing multiple services in this ecosystem. Currently, 1 ANY trades at $2.56 and has a market capitalization of $53 million.

The platform is unique owing to the private key sharding feature that splits private keys, leaving each shard managed by a different node. Sharding helps bolster the investor’s account security. 

Recently Sushiswap and AnySwap integrated the cross-chain functionality corporation.

  • Dextools (DEXT)

DEXTools is a crypto Defi platform designed to provide information and tools to support decentralized exchange (UniSwap) platforms. All the tools are merged into one user interface, making it easy for users to access the real market data. 

The platform’s native token is DEXT, which helps in completing the services within the ecosystem. Currently, the DEXT token is trading at $0.667 and has a market cap of $65 million. 

Among the UniSwap tools embedded in this platform include pool explorer, pair explorer, multi swap explorer, big swap explorer, and wallet info tool. The platform strives to provide high-quality data for investors’ successful investment.

  • Vesper (VSP)

Vesper is a Defi platform designed to help users maximize their income on their investment. The platform chooses the best high-yield areas to deposit money. However, the strategy chosen is based on the risk level tolerated by the investor. 

This network has its native token dubbed Vesper, which helps in securing the platform. Coinmarketcap shows the VSP price today standing at $73, and the prevailing market cap is $1604 million. 

Soon the platform will be introducing features like Vesper earns, Vesper stake, and Vesper labs to increase income-earning opportunities and community involvement. The platform also assures its users top security by auditing, risk scoring, timelock, and DAO ownership.  

Final Word

There are currently over two hundred Defi platforms, each proving unique in its own way. Although those mentioned above are lesser-known, the services they provide are necessary to Defi investors. 

Since its launch, DYP has been increasing users’ profits releasing rewards worth over 100ETh every day. The Request platform provides a straightforward option for the completion of payments. Unicrypt is a good tool for startup Defi platforms, and Falcon offers a unique dual token mechanism. Dextools hosts a world of tools for UniSwap, and the last one, Vesper, helps in crypto income maximization. 

Bitcoin live price
Btc
Bitcoin
$42.117
price
0.65461%
price change
BUY NOW

Although the Defi world is less than five years old, the relevance of the tools it has proves that  Defi and the platforms are here to stay. 

Stay up to date with our latest articles

More posts

Top 5 Smart Contract Auditing Companies

Deploying a smart contract on the blockchain without auditing can quickly spell "suicide" for most projects. Nowadays, hackers are constantly looking for potential code errors and vulnerabilities. Furthermore, most users have the necessary experience to know they cannot trust unaudited DeFi and crypto protocols. Fortunately, no project has to launch unaudited, especially with the abundance of professional auditors in the industry. These experts can check smart contracts in-depth, detect errors or vulnerabilities, and suggest fixes. Simply put, they increase a…

DeFi on Bitcoin? An Introduction to SOVRYN

Here's a look at SOVYRN – the project that is quietly revolutionizing the Bitcoin network with once-incompatible functionality: decentralized finance. With time, it may fully correct Bitcoin's limitation on programmability, rendering various altcoins obsolete. The Present Crypto Divide As things stand, Bitcoin is still the most valuable cryptocurrency on the market. After recently breaking its all-time high, the digital asset now has a $1.1 trillion+ market cap. Next to the total crypto market cap of $2.7 trillion, Bitcoin's market dominance…

Earliest Cryptocurrencies with DeFi-like Characteristics

A recent Chainalysis report shows how Europe accounts for 25% of the world's cryptocurrency transactions. The news came as a surprise to many. However, Decentralized Finance (DeFi) is the center of these crypto transactions. So, it takes about 50% of the total amount from the region's trades. DeFi is an innovative niche that many enthusiasts still have not explored fully. Nevertheless, numerous smaller crypto assets with similar characteristics to DeFi tokens already exist. Binance Chain, PancakeSwap, and Uniswap are examples…

Best DeFi Tools That Every Crypto Enthusiast Should Know

Decentralized Finance is one of the fastest evolving and most lucrative fields in the crypto world. It is deploying financial software and applications on the blockchain. DeFi can enable a new banking approach and offer all banking services. Today, there are 200+ DeFi projects. It is not easy for rookies to make the right investment decision. DeFi platforms offer tools for analyzing and investing in DeFi and decentralized exchanges. Additionally, some venues have unique tools that analyze various markets and…

The Beginner’s Guide to Fantom (FTM)

Since its inception, the decentralized sector has been booming. Fantom is a leading DeFi platform aiming to take this financial revolution to the next level. The project advances at a remarkable speed. For instance, several reputable exchanges have already listed Fantom's native FTM token. Also, some of the most popular DeFi protocols have hosted the coin in the past few months. In this short guide, we take a closer look at the Fantom project and how it works. Also, we…

A Guide to Undercollateralized Loans in DeFi

The DeFi space releases innovative financial tools almost every month. The latest one on this list should enable users to loan assets with lower value collateral. Through undercollateralized loans, borrowers would access funds way above their holdings. Also, lenders would earn interest, and lending protocols would surpass traditional banks in approachable crediting services. As you can see, this feature should keep everyone happy. It all sounds just too good to be true. After all, under collateralization should be the next…

How Profitable is Crypto Yield Farming?

At its core, Yield farming, also known as liquidity harvesting, involves the art of lending cryptocurrency. It provides more lucrative returns than any other cryptocurrency or conventional investment. It's a chance for the bold and risk-averse digital holders to win big. The United States Securities and Exchange Commission (SEC) is considering whether to regulate the process. In lending cryptocurrencies, the owner profits when the coin appreciates. Therefore, yield farming is an incentive that stimulates the adoption and growth of cryptocurrencies. Yield farming…

Beginners Guide to Total Value Locked in Cryptocurrencies

When contemplating investing in a particular company, a serious investor always wants to know the company's real value beforehand. There are straightforward ways of determining the company's value in traditional finance, like multiplying stock by the unit stock price.  In Decentralized finance, good investors always want to analyze the value of a Defi project before making any decision. How can an investor know the actual value of Defi? The most popular metric used in the Defi world is determining the…

Common DeFi Marketplaces You Should know About

Decentralized Finance (DeFi) has been making headlines for the past year and has massively gained users and market capitalization. DeFi refers to financial services utilizing smart contracts. These contacts are automatically enforceable agreements that do not require an intermediary such as a bank but rely on blockchain technology instead.  Between December 2019 and now, the DeFi industry has grown from $700 million to $74.96 billion. It represents about 5.3% of the total crypto market space. Following that, this article will…

6 Interesting Binance Smart Chain (BSC) DeFi Projects to Check

This year has seen the restructuring of the crypto sector in many different ways. The DeFi and NFT sectors' growth has put a large strain on older blockchains, such as Ethereum. These networks were built in a way that is designed to increase their fee structure based on the blockchain’s congestion. Unfortunately, this design flaw has created record-high gas fees for users. These fees have left many in the market searching for viable alternatives.  One option that has seen considerable…