The term DeFi stands for “Decentralized Finance”.

It’s no surprise that the DeFi industry has got heightened interest from crypto investors over the past few decades. DeFi market is attracting investors around the globe. Keeping it simple, DeFi is mostly used for the financial applications that are created on blockchain technology.

Great news!!! DeFi platforms are offering investors a complete set of financial services. It includes lending, asset management, trading, borrowing, exchange and a lot more.

If you’re planning to invest in DeFi tokens, you’ve made the right decision.

Best Decentralized Finance (DeFi) Coins

Uniswap (UNI)

Uniswap is one of the top decentralized crypto exchanges on the “Ethereum (EHT)” blockchain. UNI was inspired by Ethereum’s vision. Hayden Adams founded Uniswap (UNI) in 2018.

Uniswap (UNI) protocol has served as a trusted decentralized financial infrastructure. UNI protocol was committed to security, safety, accessibility and more. With the Uniswap protocol, investors can access a complete set of financial services without risk or fear.

Uniswap stood as the popular decentralized exchange in the crypto world. DEXs offer security and reduce the requirement for banks and central parties. UNI coin purely concentrates on governance. The token allows investors to vote on coin development. Also, they can modify token distribution, fee structure and more.

60% of Uniswap’s total supply is allocated to their community members. Among them, 15% of the total supply was distributed to UNI past investors. From the invention, the Uniswap protocol has supported more than $20 billion. Also, traded by more than 250,000 addresses around 8,484 assets.

DEFC Coin

DEFC is currently trending in the cryptocurrency marketplace. Also, it is the hottest thing to discuss. Though the DEFC coin sounds cliche, this coin has several advantages and upsides for investors.

DEFC is the community derived currency, DeFi coin is making investors work easier. They can easily trade their digital currency without hassles.

The key advantages of the DeFi coin protocol are

• Attractive rewards and bonuses
• Liquidity pool
• Manual burning strategy

It’s an excellent opportunity for investors who are looking to purchase DeFi coins before the value reaches heights. The team DEFC is doing an impressive job, have a look at their whitepaper.

In order to fulfil its decentralized goal, the DeFi protocol is supported by its own token – DeFi Coin (DEFC). The digital coin operates on – Binance Smart Chain. Hence, the DEFC token can be exchanged from one user to another on a “Wallet-to-wallet” basis.

Chainlink (LINK)

Chainlink (LINK) has gained a special position and also a value proposition for decentralized finance (DeFi). The project is popularly called “Oracle”. Oracle is an information provider, it is important for decentralized finance.

In general, decentralized finance (DeFi) protocols work on smart contracts. However, they can get data from blockchains. The oracle will provide crucial off-chain data to these smart contacts. Also, they ensure the data to read and use it. Chainlinks play a vital role in blockchain oracles.

LINK allows blockchain to safely and securely connect with events, payment methods, data feeds and more. The Chainlink (LINK) network is operated by an open-source community. It includes researchers, smart contract developers, security auditors, events and more.

Chainlink is the first network to support off-chain data integration into smart contracts. LINK was trusted by millions of investors, therefore Chainlink is considered as the key player in the data processing. As the integration of off-chain information is involved, LINK has grabbed the attention of several data providers. It includes Huobi, Brave New Coin, etc. Data providers can easily access information through Chainlink (LINK). Also, they can easily monetize their information without hassles.

Maker (MKR)

Maker (MKR) is the leading DeFi token. MKR was introduced by the MakerDAO protocol. Maker (MKR) is the governance token for the Maker protocol. Maker is a decentralised company and popular software destination based on Ethereum (ETH) blockchain. MKR allows investors to manage and distribute DAI tokens.

DAI was considered to be stable. Here, the key purpose for introducing the Maker token is to be served as the “Utility Coin”. In fact, the Maker (MKR) coin is used for keeping the DAI value fixed at $1. If you’re planning to invest in a Maker (MKR) coin, you can achieve voting rights in the MakerDAO ecosystem. Also, you will get incentives for your participation in the MakerDAO protocol, including low charges and great interest rates.

With a market cap of more than $3 billion, MKR stood as a popular DeFi token in the crypto industry. While DAI is performing well in the trading market, this might be another reason to increase the value of the Maker (MKR) DeFi token.

Aave (AAVE)

Is there any investor who is unaware of the brand name Aave (AAVE)? Of Course nobody. AAVE is the world-class decentralized platform available for free. The platform was founded by Stani Kulenchov in 2017. AAVE works as the cryptocurrency lending platform. Aave (AAVE) protocol allows investors to earn excellent interest and borrow on crypto assets.

At the time of origin, Aave was well-known as “ETHLend”. LEND is its native coin or token. A Match-making system is implemented to connect between lenders and borrowers. After adding new functionalities, the DeFi platform was renamed Aave (AAVE). The platform allows investors to either lend or borrow in about 17 cryptos. Aave tokens can be staked through the protocol in order to offer security and improve performance. On the other hand, investors can get staking rewards and low fees on its platform.

Valuation is another selling point to consider Aave as the best DeFi coin. The coin value has risen to more than 350% in just 4 months.

Wrapping up

Decentralized finance (DeFi) is in the race. Wise investors and newbies are funnelling their money into coins associated with DeFi platforms. DeFi offers more benefits for lenders and borrowers. Check out the above mentioned DeFi coins list that is constantly growing. Start investing in DeFi coins or tokens that have contributed to increasing the growth of this decentralized industry. There are several banks turning to Decentralized Finance to provide better services to their users.