DeFi Coins, a cryptocurrency news and review platform, has published the ultimate decentralized finance (DeFi) guide. DeFi Coins claims the new guide will expose both insiders and enthusiasts to the nuances of the DeFi market.
The new report titled, Top 10 DeFi Guide provides both new and existing DeFi investors with research, analysis, and explainers on the popular DeFi projects and how to trade them. In addition, it provides a roundup of the best DeFi coins available for purchase and investment.
DeFi is a subcategory of the cryptocurrency space that integrates the blockchain into traditional financial services.
DeFi protocols run on automated systems, connecting parties in a transaction and facilitating these transactions seamlessly. You can find DeFi protocols that specialize in just about every financial transaction, from lending and liquidity provision to savings and asset exchange.
Today, there are DeFi protocols for just about every financial application. Some protocols facilitate lending and borrowing, while others focus on exchanges. You can also find DeFi protocols that specialize in assets, liquidity provision, and much more.
Data from DeFi Pulse shows that the current total value of assets locked in DeFi protocols is $75.8 billion – just a little way off the all-time high of $77.1 billion.
Identifying The Best DeFi Tokens
As with everything in the cryptocurrency space, DeFi protocols also work with coins. Most of these coins are governance tokens used by protocol members, while others can also represent investment opportunities for users to hold and gain from. At DeFi Coins, we have provided a simple guide that shows the best DeFi coins available on the market.
Investing in the DeFi space is a surefire way to get some impressive returns, especially with the market on a surge. With our ranking, you gain access to the information you need to capture the best and most valuable DeFi tokens.
Top on the DeFi Coins is UNI, the governance token for decentralized exchange (DEX) Uniswap. The UNI token was launched in September 2020 with a launch price of $2.68. Since then, it has steadily climbed in value and now trades at $43.28 per CoinMarketCap data.
Besides UNI, the top five are rounded out by LINK (token for decentralized oracle Chainlink), stablecoin DAI, ZRX (token for open-source protocol 0x), and MKR (utility token for open-source software protocol MakerDAO).
Useful Guides on DeFi’s Nuances
The DeFi Coins guide includes a section that provides a clear path on where to acquire popular DeFi tokens and how to trade them on exchanges. The platform lists some online brokers and exchanges. In addition, readers also get step-by-step instructions on how to get started. As with most review sites, you should conduct thorough research on these platforms before trading with them.
DeFi Coins ultimate guide also offers explainers on popular DeFi topics, including lending and how it works, crypto loans, savings account, and much more. Rounding up the guide is an FAQ section that offers quick answers to some frequent customer requests.
This guide provides DeFi beginners with a head start on the market. The resources are quite robust and organized. However, we advise crypto-enthusiasts not to stop here, as the market changes regularly.
To become a professional investor, readers should be obsessed with learning and growing their knowledgeable base. There are numerous platforms out there that could be of help. DeFi Coins is one resource center that plans to grow into a hub on everything DeFi.