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 covered Yield Aggregators, Cross Chain Protocols, and Synthetics. Part 5 covered Launchpads, Indexes, and Liquidity managers. Part 6 covered Insurance, Privacy, and Algorithmic Stablecoins. Part 7 covered Payment Protocols, Leveraged Farming, and NFT Marketplaces. Part 8 covers NFT Lending, Staking Pools, and Options.
1. NFT Lending
NFT lending protocols enable token holders to use their NFTs as collateral to obtain loans. Unlike traditional lending, where assets' value is easily ascertainable, NFT lending poses a challenge due to the unique and often speculative value of NFTs.
No. of protocols: 27
Combined TVL: $130 million
The Top 3 protocols by TVL are:
BendDAO Lending ($46 million)
Blur Lending ($29 million)
JPEG'd ($21 million)
2. Staking Pools
Staking pools are platforms where cryptocurrency holders can pool their assets to participate in the network's consensus mechanism. By doing so, they help validate transactions and maintain the network's integrity.
In return, participants in the staking pool receive rewards proportionate to their contribution.
No. of protocols: 17
Combined TVL: $344 million
The Top 3 protocols by TVL are:
WEMIX.FI Staking ($184 million)
Marinade Native ($118 million)
NEOPIN Staking ($12 million)
3. Options
Options protocols in DeFi extend the concept of traditional options to digital or crypto assets. They enable users to buy or sell the right to purchase or sell an asset at a predetermined price before the contract expires.
Essentially, they provide a decentralized and blockchain-based platform for executing options contracts.
No. of protocols: 44
Combined TVL: $85 billion
The Top 3 protocols by TVL are:
Opyn ($13 million)
Lyra ($12 million)
Dual Finance ($11 million)