Top 10 DeFi Lending Platforms

Decentralized Finance is the type of platform which helps to fill the rift that lacks in traditional banking.
The main purpose of these types of platforms is to provide financial support to its user.
Defi lending platforms facilitate its user to lend their asset in return they will be getting some interest in the form of cryptocurrency.
The main advantage of this type of platform is that any individual can take the loan without any KYC or AML checks.
Defi Platforms do not reveal their identity to third person this makes financial services more accessible.
These platforms are more secure than centralized lending platforms because of the usage of blockchain.

It is a decentralized, open-source, and non-custodial liquidity market protocol was users can participate as lenders and borrowers both.
This company was launched in 2017 by Stani Kulechov.
Aave was started with a value of $60000 value of ETH token, at present, it values at $5 billion.
It has created an Ethereum that offers borrowing within a smooth and user–friendly interface.
It renders a dual defi tokens model i.e tokens and lends.

It is decentralized lending and borrowing platform that has become one of the best Defi lending platforms.
Makers are mainly known for Multi- Collateral DAI system.
It has more than $7 billion tokens locked in the smart contracts.
The Makers have two main assets: MKR and DAI.
It was launched in 2015 to overcome the volatility of cryptocurrency.
DOA is a decentralized lending application on the Ethereum blockchain that supports the DAI, a stable coin pegged to the US.

It is one of the most well-liked decentralized that is in the developed on Ethereum.
It helps the user to swap between the ETH and ERC-20 token on-chair or earn a fee by offering any amount of liquidity.
The good part is that there is no limit regulation on Uiswap.
The exchange of ERC tokens is done by a very easy user interface in a private, unharmed and non-custodial way.
It was originated in 2018 and was founded by Hayden Adams.
At present, there is $4 billion worth of Ethereum tokens enclosed.

It is a decentralized money market protocol that permits the borrowers and lenders to secure crypto money in the contracts.
This company is based on the Ethereum blockchain that grants the holders to borrow and lend crypto against the security.
Here the user has the option to add assets to their liquidity pool and start earning compounding interest.
Compound allows the users to take out over-collateralized loans and maintain several assets, plus it has been reviewed and formally verified.
It was launched in September 2018, a San-Francisco-based platform that big investors support.
Till today they have $6 billion locked up in its liquidity pools.

It is a reliable smart wallet for decentralized finance.
The advantage of this type of platform is that it is used as a multi-purpose platform that manages digital assets pretty well.
With this platform, you can get several services such as borrowing lending, leverage, swap, etc
They also provide a smart wallet portal for Defi protocols. The highlighting thing is that InstaDApp is free to use.
It was founded in the year 2018 by Samyak Jain and Sowmay Jain.
As of now $1 billion are secured in the InstaDApp contract.

It is a non-custodial trading platform on Ethereum which is geared towards experienced traders.
It is a type of platform where you can easily lend, borrow and trade DAI, ETH and USDC.
It also provides users to cross the margin trading and isolated margin trading using the perpetual market contract of BTC/USDC of 10x leverages.
It was launched in 2018 by Antonio Juliano.

It is software that operates on Ethereum and endeavors to incentivize a network of users to run a platform where users can purchase and market crypto assets.
This platform is very similar to Uniswap but there is only one difference is that open source code
It also uses the collection of liquidity pools for achieving its goals.
Here the user interface is very straightforward as need to lock up their asset and traders will trade cryptocurrencies from those pools.
It was founded in 2020 by Chef Nomi with co-founder oxmaki.
It has around $4 billion trading polls.

It is a tokenized and decentralized finance application that operates on the Ethereum blockchain.
Here the money lenders, borrowers, and fund managers can exchange transact with each other.
It will be having a Dharma Settlement contract that apes the traditional financial instrument and stakeholders.
There are four significant agents operating this network: lenders, borrowers, relayers, and underwriters.
It was founded in the year 2017 by Nadav Hollander.

9) Curve Finance

It is a decentralized and liquidity pool created on ethereum for effective stable coin selling.
It allows the user to trade with very little slippage swaps of stable coin and flow fee algorithm.
Here the liquidity is split into seven curve pools, which are Compound, PAX, BUSD, Y, REN, USD.
It was founded in January 2020 by Michael Egorov.
It has over $4 billion value of digital assets secured in the liquidity pools.

This is an automated maker built on the Ethereum network that enables you to buy a token at the best prices and swap them directly.
It is different from other platforms as their liquidity pool comprises only two assets, whereas the pool of the balancer comes with eight digital assets for improving liquidity.
One highlighting point is that it empowers any weight of any number of tokens within a pool.