• Crypto Lists
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
  • Join our Telegram Community
Newsletter
ItsBlockchain
  • Bitcoin
    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    featured image

    How Bitcoin can be hacked?

    keep bitcoin safe

    Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

    featured image

    Bitcoin IRA – Everything You Need to Know

    A trillion dollar tsunami is about to hit Bitcoin

    A trillion dollar tsunami is about to hit Bitcoin

    featured image

    Why Bitcoin will always be the number one cryptocurrency? Explained

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    Trending Tags

    • Crypto Gems
    • NFT
    • DEFI
    • Crypto Lists
    • Altcoin
    • Crypto Market
    • Guide
    • IBC Capital
    No Result
    View All Result
    • Bitcoin
      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      featured image

      How Bitcoin can be hacked?

      keep bitcoin safe

      Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

      featured image

      Bitcoin IRA – Everything You Need to Know

      A trillion dollar tsunami is about to hit Bitcoin

      A trillion dollar tsunami is about to hit Bitcoin

      featured image

      Why Bitcoin will always be the number one cryptocurrency? Explained

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      Trending Tags

      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital
      No Result
      View All Result
      ItsBlockchain
      No Result
      View All Result
      Home Projects

      Top 5 Defi Categories to watch out for in this Altcoin Season

      Guest Author by Guest Author
      April 28, 2021
      in Projects
      0 0
      0
      defi categories
      567
      SHARES
      7.1k
      VIEWS
      Share on FacebookShare on Twitter

      Top 5 Defi Categories to watch out in this Altcoin Season

      Decentralized finance is becoming more and more acceptable within the mainstream business circles, thanks to the global awareness of Bitcoin which paved the path for blockchain technology. More and more people are interested to learn what else can decentralized networking offer which explains the volume of investments in blockchain development.

      After Bitcoin made its appearance other cryptocurrency options followed the path but not as one of them as nearly made an impact like Ethereum. Buterin’s blockchain platform allows seamless software development and holds a decisive second place in market share. This means that each of the five categories presented in this article represents blockchain applications that you can create with the Ethereum platform.

      DEX or Decentralized exchanges

      The cryptocurrency market is growing in volume and raised a few eyebrows, so now governments look for methods to get an oversight of the Bitcoin market. Consequently, users turned to decentralized cryptocurrency exchange because that removes the middleman and keeps privacy undisrupted. These types of technology work by providing a direct, peer-to-peer exchange. In practice DEX allows us to reduce transaction fees as well.

      Since we see a rise in cryptocurrency trade this year, it’s safe to assume that more and more people will become aware of DEX and move their assets away from prying eyes. The software is not as user-friendly like with centralized exchange apps, but you don’t have to create a user account or provide any personal information. All you need is a wallet.

      Examples: Uniswap, SushiSwap & Venus.

      Cryptocurrency lending platforms

      This decentralized financing technology allows seamless and private cryptocurrency loans. There are two sides to the loan transaction process. A stakeholder is a user who deposits a certain number of Bitcoins or some other crypto for a given period. During that time, other users are free to loan available sums from the deposit and pay interest until they cover their entire loan.

      One of the main advantages for users is that borrowers don’t have to provide personal info or banking data, all it takes is collateral set by the platform based on the desired amount. As for lenders, there are attractive interest rates without the need to share any data with anyone.

      Examples: Maker, AAVE & Compound.

      Stablecoins

      Cryptocurrency prices are extremely volatile, Bitcoin can lose $5000 of its value within a day, and that’s a lot of money to lose in a day. With the development of Stablecoins, there was a new way of securing the safety of DeFi investments. A cryptocurrency owner can peg the value of its asset to some other, more stable, like the U.S. Dollar or some other fiat currency, even gold.

      The goal is to stabilize the price of your property when the market situation seems extremely unpredictable and you have a doubt that you might be at risk of losing too much money. Knotting the price of the cryptocurrency to an asset with a stable price benefits loaner because it secures the worth of the loan in the long term. All over the world, banks are taking a more lenient position towards accepting the existing Stablecoins providers very few are immune to the up-and-coming DeFi trend.

      Examples: Dai, Frax, & Ampleforth.

      Derivatives

      Smart contracts are widely used because they automate the transaction process as soon as the terms of the agreement are met. Smart contracts are actually in the center of every DeFi category, including derivatives, which we’ll about to explain.

      Derivative instruments, or derivatives for short, are specific types of smart contracts that tie their value to a certain asset. This allows both sides of the contract to secure that the execution takes place only at previously agreed parameters. Some forms of derivative contracts even allow betting on Bitcoin price without even owning any BTC.

      Examples: Synthetix, Nexus Mutual, & Hegic

      DeFi Insurance

      Allowing users to seamlessly create any kind of insurance policy and set up the terms of execution. The main attraction of crypto insurance policy is the high level of automation. Thanks to big data, neither side has to fill out endless forms, wait out claim processing, or get lost in the endless bureaucracy. Digital leger activates the insurance policy the moment all conditions are met.

      Examples: Cover Protocol, Bridge Mutual.

      Conclusion

      These were the top five Defi categories to watch for this season. The blockchain industry is making progress by the day, new apps are being developed and old technology gets better. If you plan to invest in Defi, let this article serve you as a starting point for deeper research.

      Author Bio:

      Jennifer Holland is a professional writer with 3 years of experience at Bestessay.com writing about education, student life, and college essay papers for several years. She helps students reach their dream job by offering them her experience as a freelance essay writer and constant job seeker.

      IBC-Transparent-Logo-(1)

      Subscribe To Our Newsletter

      Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.

      You have Successfully Subscribed!

      Tags: defifeatured
      Share227Tweet142Share57

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      Top 5 DeFi Projects on Tezos

      Top 5 DeFi Projects on Tezos

      by Karthik Guttha
      December 26, 2022
      0

      In this article, we will deep dive into DeFI Ecosystem on Tezos, and I will share Top 5 Projects Building...

      MetaOasis: The Next-Gen Game Publishing Platform You Should Care About

      MetaOasis: The Next-Gen Game Publishing Platform You Should Care About

      by Hitesh Malviya
      June 27, 2022
      0

      MetaOasis is the next-generation game publishing platform linking Web2 and Web3. Based on the Avalanche chain, MetaOasis reduces users’ learning...

      Cardano News: Acardex (ACX) Token Pre Sale Is Live!

      Cardano News: Acardex (ACX) Token Pre Sale Is Live!

      by Hitesh Malviya
      April 7, 2022
      0

      Acardex decentralized Exchange building on the Cardano network is glad to announce the launch of its ACX token pre sale....

      Web3 Reward Economy Is Here— Are You Ready to Take Home Free Money?

      Web3 Reward Economy Is Here— Are You Ready to Take Home Free Money?

      by Karthik Guttha
      March 24, 2022
      0

      Web3 Reward Economy Is Here— Are You Ready to Take Home Free Money? The growth of the crypto industry over...

      Is 2022 the Year of Security Tokens? If So, Polymath Is Leading the Race

      Is 2022 the Year of Security Tokens? If So, Polymath Is Leading the Race

      by Karthik Guttha
      March 20, 2022
      0

      In crypto, most market participants are always on the lookout for the next big thing. The payout will be astronomical...

      Load More

      About Us

      We curate the best cryptocurrency projects with the intention of adding value for investors through the process of selecting, organizing, and looking after different projects available in the cryptocurrency market.

      • Trending
      • Comments
      • Latest
      featured image

      List of leading partners of Ripple, and How they use XRP?

      February 2, 2021
      Top 5 upcoming Token Airdrops (Step-by-Step Guides)

      Top 5 upcoming Token Airdrops (Step-by-Step Guides)

      November 22, 2022
      Lens Protocol: Everything You need to Know

      Lens Protocol: Everything You need to Know

      November 18, 2022
      featured image

      List of ChainLink Partnerships which skyrocketed the growth of LINK cryptocurrency

      February 2, 2021
      Modular Blockchains: The Next Big Thing in Web3

      Modular Blockchains: The Next Big Thing in Web3

      December 12, 2022
      bittube

      BitTube : Better than Youtube

      November 4, 2018
      WTF is an xNFT? And Why Should You Care

      WTF is an xNFT? And Why Should You Care

      July 9, 2022
      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      January 17, 2023
      RINO Enterprise Wallet launches free Community Edition

      RINO Enterprise Wallet launches free Community Edition

      January 14, 2023
      Top 5 DeFi Projects on Tezos

      Top 5 DeFi Projects on Tezos

      December 26, 2022
      Modular Blockchains: The Next Big Thing in Web3

      Modular Blockchains: The Next Big Thing in Web3

      December 12, 2022
      A Dummy’s Guide to Ethereum Rollups

      A Dummy’s Guide to Ethereum Rollups

      November 30, 2022
      Tezos Blockchain is Always Under the Radar but Continues to Excel

      Tezos Blockchain is Always Under the Radar but Continues to Excel

      November 22, 2022
      Lens Protocol: Everything You need to Know

      Lens Protocol: Everything You need to Know

      November 18, 2022
      • Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        29613 shares
        Share 11834 Tweet 7397
      • A Mysterious Bitcoin Whale who sold 3000 Bitcoins at 58K$, Bought back 3521 Bitcoins in the last three days

        9924 shares
        Share 3969 Tweet 2481
      • Top 10 Low market cap altcoins to invest in 2021

        7256 shares
        Share 2901 Tweet 1813
      • Top 10 NFT Crypto Projects You Should Know

        7254 shares
        Share 2618 Tweet 1637
      • List of leading partners of Ripple, and How they use XRP?

        5974 shares
        Share 2389 Tweet 1493
      ItsBlockchain

      We are India’s first and oldest Blockchain & Cryptocurrency publication platform started in 2016. We are a one-stop destination for technical analysis, cryptocurrency recommendations, and Blockchain technology resources.

      Buying Guides

      • Buy Bitcoins in India
      • Buy Bitcoins in China
      • Buy bitcoins in Russia
      • Buy Bitcoins in Japan
      • Buy Bitcoins in Turkey

      Important Links

      • Home
      • About US
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      Follow Us

      Contact us

      support@itsblockchain.com

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      No Result
      View All Result
      • Bitcoin
      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.