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Aave (AAVE):
Aave (AAVE) is a decentralized, open-source platform for lending and borrowing cryptocurrencies and other digital assets. On this platform, investors can obtain digital asset loans with variable interest rates. They can also deposit their digital assets to earn interest. The Aave platform has various mouthwatering offers such as flash loans that must be repaid in one Ethereum block’s time which is around 13 to 15 seconds
Aave Arc is a liquidity pool program specially designed for institutions. Unlike a decentralized platform, this program has a Know Your Customers (KYC) requirement, and this is just for the purpose of maintaining compliance with regulations. But the Aave platform itself does not need the KYC requirement, being a decentralized platform.
Several institutions have benefited from the Aave platform. Some of these institutions include Greyscale’s DeFi funds, which have more than 12 percent of their investments on the platform; another one is Bitwise, which has more than 14 percent of its investments on the platform.
Compound (COMP)
On this platform, loans are made available to investors using their crypto assets or investments as collateral. This platform enables seamless transactions between the lender and the borrower, which it does using the Automated Market Maker (AMM).
Compound is a growing community of active users, and they are regarded as a pioneer in the DeFi arena. Currently, the amount of their Twitter followers is more than 240,000, and more than 45,000 are on Reddit.
Users are particularly attracted to the Compound platform because, its interface is user-friendly, and probably this is what made the Compound rank third in the list of crypto lending platforms. It is also the 6th in rank among the list of decentralized applications.
Maker DAO (MKR)
Cryptocurrencies and other digital assets can be used as collateral to borrow DAI, a stablecoin tied to the United States dollar. The MKR tokens are the platform’s currency, and owners of MKR tokens control the Maker Protocol.
MakerDAO is designed to give the customer access to reliable lending and borrowing via decentralized platforms. On Twitter, MakerDAO has more than 240,000 followers, while its Reddit community has more than 34,000 members.
Alchemix (ALCX)
This platform provides loans that automatically offset themselves (self-paying loans) via yield-generating strategies, which is a novel approach in the DeFi lending space. Users can deposit tokens and borrow money against each other at 1:2. Tokens that have been deposited are stored in Yearn vault to generate yield, which is subsequently applied to loan repayment.
In comparison to other DeFi projects, this platform is less active on social media. They just have 72,800 followers on Twitter.
C.R.E.A.M Finance (CREAM)
The acronym of C.R.E.A.M stands for Crypto Runs Everything Around Me. This protocol is a subsidiary of the Yearn.finance ecosystem. This platform also accepts Fantom, Polygon, Binance Smart Chain, and Ethereum users.
The platform also allows users who have ETH or wBTC to deposit their assets and receive a yield just like they would in a conventional savings account. This platform holds a community of 80,500 followers on Twitter.
DeFi Instutuitional Investment
Investors’ interest in DeFi venture has not diminished despite the volatility of the cryptocurrency market. Recent research says that DeFI was the subject of 20%–50% of crypto-related pitches. And loans from decentralized platforms are reaching billions of dollars. Institutional interest in DeFi is growing.
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