33 types of DeFi Protocols (Part 4)
Learn about Yield Aggregators, Cross Chain Protocols, and Synthetics.
Part 1 covered Liquid Staking, Lending, and Decentralized Exchanges. Part 2 covered Bridges, Collateralized Debt Positions, and Services. Part 3 covered Yield Protocols, Tokenization of Real World Assets, and Derivatives. Part 4 covers Yield Aggregators, Cross Chain Protocols, and Synthetics.
1. Yield Aggregators
Yield Aggregators maximize yield from different DeFi protocols by automatically reallocating assets.
Yield aggregators explore various lending platforms, liquidity pools, and other yield-generating strategies to ensure the highest possible return on investments.
No. of protocols: 114
Combined TVL: $976 million
The Top 3 protocols by TVL are:
Yearn Finance: $320 million
Beefy: $186 million
Origin DeFi: $86 million
2. Cross Chain Protocols
Cross Chain Protocols enable communication and transactions between distinct blockchains. Blockchain bridges are a form of cross-chain protocols.
No. of protocols: 26
Combined TVL: $670 million
The Top 3 protocols by TVL are:
Stargate: $387 million
Synapse: $107 million
Across: $58 million
3. Synthetics
Synthetic protocols enable the creation of synthetic assets, which are tokenized versions of real-world assets like commodities, stocks, etc.
These synthetic assets track the price of the underlying assets and provide a platform for trading and investing without the need for actual ownership.
No. of protocols: 33
Combined TVL: $563 million
The Top 3 protocols by TVL are:
Synthetix: $386 million
DefiChain Loans: $69 million
Alchemix: $53 million