33 types of DeFi Protocols (Part 1)
Decentralized Finance (DeFi) is an umbrella term for financial services powered by blockchain technology. There are 33 types of DeFi Protocols.
Decentralized Finance (DeFi) is an umbrella term for financial services powered by blockchain technology.
There are 33 types of DeFi Protocols:
Liquid Staking
Lending
Decentralized Exchanges
Bridges
Collateralized Debt Position
Services
Yield
Tokenization of Real World Assets
Derivatives
Yield Aggregators
Cross Chain
Synthetics
Launchpads
Indexes
Liquidity managers
Insurance
Privacy
Algorithmic Stablecoins
Payments
Leveraged Farming
NFT Marketplace
NFT Lending
Staking Pools
Options
Options Vault
Prediction Markets
Decentralized Stablecoins
Farms
Uncollateralized Lending
Reserve Currency
Real World Assets Lending
Gaming
Oracles
Over the next few posts, we will be covering these 33 types of protocols.
1. Liquid Staking Protocols
Liquid staking is a mechanism allowing cryptocurrency holders to participate in network security and consensus, while also providing liquidity.
It involves tokenizing staked assets and creating liquid tokens that represent the staked assets and can be traded or used in other protocols.
This solves the issue of staked assets being illiquid, giving holders more flexibility and encouraging more participation in staking.
Benefits include increased liquidity, enhanced yield opportunities, and broader protocol engagement.
No. of protocols: 118
Combined TVL: $20.4 billion
The Top 3 protocols by TVL are:
Lido ($13.9 billion)
Coinbase Wrapped Staked ETH ($2.1 billion)
Rocket Post ($1.7 billion)
2. Lending Protocols
Lending protocols in the DeFi ecosystem allow users to borrow and lend assets without the need for traditional financial intermediaries.
They operate on smart contracts on blockchain platforms. Borrowers provide collateral, often exceeding the borrowed amount, ensuring security for lenders.
Interest rates are usually algorithmically determined based on supply and demand dynamics.
No. of protocols: 299
Combined TVL: $ 13.3 billion
The Top 3 protocols by TVL are:
AAVE ($4.5 billion)
JustLend ($3.7 billion)
Compound Finance ($1.9 billion)
3. Decentralized Exchanges
Decentralized Exchanges (DEXs) facilitate peer-to-peer trading of cryptocurrencies without relying on a centralized authority or intermediary.
DEXs utilize smart contracts to automate and manage trades, providing users with custody of their funds.
This structure enhances security as users are not required to transfer their assets to the exchange.
No. of protocols: 1005
Combined TVL: $ 11.6 billion
The Top 3 protocols by TVL are:
Uniswap ($3.2 billion)
Curve DEX ($2 billion)
PancakeSwap ($1.35 billion)
This is what I would like to share with you. You can join our DAO community “ Faculties from MIT, Harvard , Stanford, and many other institutions that are joining our community. It would be an honor to have your contributions to the community. Paid position of course. We can use your vast knowledge to improve and implement the best practices for the future generation. Thank you Kindly. Bijan
Dear AVID Community Members,
Exciting times are ahead! We are on the verge of launching Avid Travel Coin (ATC)®️, and I can't wait to share more details with you all.
Apologies for the recent gap in communication. You'll hear more from me by the end of next week. For those with an ETH wallet, we have a special invite-only gift in store for you.
Our community is exclusive for the next three years and primarily consists of 2.5 million whitelisted members, including corporate clients, travel partners, celebrities, and elite brands like LVMH and Chanel.
Within the next 48 hours, we'll be minting 100M ATC tokens. All 6 nodes, spanning six continents, are secured by VC firms. We'll be fully operational by the first week of October.
Details regarding the financial model and compliance will be shared via an invitation-only email for beta stage participation.
Our key partners include MBZ, Hilton, Visa, BNY Mellon Bank, and HSBC, among others. We're also blessed with strong relationships in the travel and hospitality sectors.
The AVID tech team is working on an instructional course to help everyone understand the AVID wallet and our Web3 platform.
Now is the time to amplify our message and build a vibrant community. Your contributions to the Blockchain and Crypto world will not go unnoticed; we plan to feature you and your business or product in our upcoming events.
To the young builders, you're the future. And to my fellow Boomers, it's time to sit back and enjoy the fruits of our labor.
Stay tuned for a special gift that will be directly sent to your wallets.
Best wishes,
Bijan Zoughi
Founder, AVID.DAO Foundation
We must talk sooner than Later sir. Please contact me at your leisure. Best. Bijan