5 Decentralized and Most Popular Coins

Among the many crypto assets on the market, coins Decentralized Finance (DeFi) or coins that decentralize is one of the crypto assets that many investors and people outside the community are starting to see crypto.

Above all, the value and importance of this DeFi coin cannot be ignored or underestimated. DeFi platforms themselves provide a way to borrow, deposit, lend, or trade crypto without the traditional governance mechanisms common in financial markets.

This level of popularity makes many decentralized coins attractive options for many people to use as investment tools. However, with many projects, it can be difficult for newcomers to decide which DeFi coin to invest in.

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List of Decentralized Coins

In particular, VCGamers has summarized the five best and most popular decentralized coins for Vicigers friends.

Curve Finance (CRV)

Curve Finance (CRV) is an exchange whose aim is to allow users to trade stablecoins. Curve is a highly customizable crypto trading platform. This platform is specifically designed to enable its users to trade stablecoins at profitable rates.

Not only that, this platform also allows users to lock up cryptocurrencies, so that they can be traded by other users.

SushiSwap (SUSHI)

SushiSwap (SUSHI) is an Ethereum-based token and platform that enables the exchange of cryptocurrencies in a decentralized manner utilizing an automated market maker (AMM) model.

SushiSwap is basically a piece of software that operates on top of the Ethereum blockchain. This platform was produced to provide a network of employees for a service network, to enable buildings where they can buy and sell crypto. To get the job done, the platform is managed by the blockchain.

Uniswap (UNI)

One of the most popular decentralized coins is Uniswap. Uniswap (UNI) is an automated crypto asset exchange built on top of the Ethereum blockchain.

UniSwap has a stock symbol called UNI. Uniswap software is designed to run on the Ethereum blockchain. A global network of users supports the operation and trading of crypto assets where customers buy and sell instantly.

Aave (AAVE)

Aave (AAVE) is an unsecured open platform that allows users to earn interest on deposits and even borrow crypto assets.

Aave runs on the Ethereum blockchain. However, it uses a system of smart contracts to allow resources to be managed by a distributed network of computers running the software.

Also read: Collection of Indonesian Crypto Exchanges

comp

how to analyze cryptocurrencies — COMP is the best DeFI coin

Compound (COMP) is an Ethereum token that acts as a control token for the compounding process. In a way, the protocol is a decentralized interest rate market system, which allows users to give and borrow Ethereum tokens.

COMP is software that works on the Ethereum blockchain. It allows users to store cryptocurrencies in loan pools, which borrowers can access.

In this way, lenders can earn interest on their limited assets. Compound rewards a new crypto called cToken when invested with a lender.

Also read: How To Use Fibonacci Crypto For Beginners

Those are the five most popular decentralized coins that you should buy. Remember, this article is only a suggestion. Please do your own research before buying it.