Decentralized Finance is rapidly becoming the other of the day, as almost every system wants to go the DeFi way, which is quite normal, as no one would want to miss out on the benefits it offers.
The DeFi industry is considered to not only be the fastest rising industry in the global system, but also a very beneficial one, which is probably why everyone is adopting it, hence the introduction of different DeFi projects in the cryptocurrency industry.
Despite the number of DeFi projects flooding the cryptocurrency market, there are a few reliable ones to look out for this 2021, which will not only help improve the global system, but will also deliver unforeseen benefits to its users.
Outstanding DeFi Projects In 2021 To Watchout For
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UNILEND FINANCE Unilend Finance is a fully decentralized and permissionless system, which makes use of the revolutionary smart contract to facilitate spot trading and the money market, for the benefit of the global users.
It allows users to participate in and benefit from spot trading, and still give them the opportunity of featuring in the money market by unlocking access to funds through lending and as well giving them the ability to earn from their fund through lending.
Unilend possesses great features which helps it offer the aforementioned services efficiently, so as to ensure that it's users benefit unrestrictedly from Decentralized Finance.
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REEF FINANCE Reef Finance is developed as a DeFi operating system, which solves the problem of liquidity in the cryptocurrency industry and Simplifies the trading of digital currencies, as a way of driving its massive adoption.
It makes use of its smart liquidity aggregator which gets trading liquidity for cryptocurrency trading from different sources including DEXs and CEXs, just to ensure that there is a smooth trade in digital assets trading.
With its smart yield engine powered by AI, Reef Finance facilitates lending, borrowing, staking and even mining, in a fully decentralized manner.
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NORD FINANCE NORD Finance is a revolutionary DeFi platform that was created to further advance the DeFi industry and give the global masses access to DeFi products, without stress.
It was built on the Ethereum Network, to provide varieties of financial services such as savings, loans, advisory, efficient management of funds, investments as well as swaps, to its users, with full guarantee of decentralization.
With the great features embedded on its system, Nord Finance users enjoy the boons of Decentralized Finance without restrictions.
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EASY FINANCE Another mind-blowing DeFi project with great potential in 2021 is the Easy Finance system, a platform that was built with the aim of improving the DeFi industry as a layer 2 DeFi system.
It provides varieties of DeFi products such as digital assets lending which includes micro lending, credit Delegation, under-collateralized loans and even credit default swaps, all at a great speed and reduced cost, making available the needed liquidity for the efficient functioning of the system.
IN CONCLUSION, The above-mentioned DeFi projects are already doing exploits in the industry and if adopted, will definitely improve the living standard of the global masses and the global system at large.
So, watch out for them this 2021, seeing as they are considered to be gems in the DeFi industry, following their great benefits.
Sourced from my blog