DeFi is hot, and we have seen a series of projects try to take full advantage of this emerging space in crypto. There are also several DeFi projects, and each of them offers its own investigative merits and demerits. But here’s why it’s a good idea for any investor to invest in DeFi:
-
DeFi projects are trying to address the real needs of the market
-
The technology needed to power the DeFi protocol is now fully implemented
-
The investor sentiment in DeFi over the years has largely been positive.
So, if you are looking to unlock long-term value in DeFi, we have three coins below that will help you:
Synthetics (SNX)
main goal for Synthetics (SNX) To make it easier for people to carry crypto assets pegged to real-world assets. In short, it allows assets traded in the traditional finance industry to be transferred to the blockchain and traded using this ecosystem.
Data Source: Tradingview
This is a huge breakthrough that could bring more trading volume to the crypto space. Synthetix has a market cap of $714 million with a very strong future.
Compound (comp)
You Can’t Talk About DeFi and Failed to Join Compound (comp) in calculation. The project is one of the biggest liquidity providers in the market that allows people to earn rewards by placing bets. Compound has a TVL of approximately $7 billion, the highest of any DeFi protocol.
Lido Finance (LDO)
As far as TVL is concerned, Lido Finance (LDO) There is no match either. The project has a total value of over $18 billion and is one of the largest DeFi projects on the planet. The protocol is run through a native DAO called LDO, which has a market cap of slightly less than $400 million. Lido Finance (LDO) will continue to play a major role in the future of DeFi.
Top 3 coins to help you unlock long term value in DeFi first appeared on Coin Journal.