The 5 Best DeFi Projects to Trade and Invest

by | May 5, 2022 | DeFi, Blog

With so many options for users and with real money at stake, the world of decentralized finances might seem overwhelming to newcomers. This is especially true for people with no real involvement in the fields of blockchain and cryptocurrencies. 

However, the best DeFi projects offer something for people at all levels of expertise, whether it’s someone with little to no knowledge about the world of finances and investments or a professional trader with years of experience.

DeFi stands for decentralized finances. It refers to platforms or financial ecosystems that employ distributed ledger technologies to give an unprecedented level of participation to everyone involved, avoiding the need for central processors and intermediaries. 

These are the best options for anyone who wishes to start trading and investing in the world of DeFi today and get ahead of those who don’t still know about this exciting new industry.

Lunar

Based on the LNR token, Lunar is streamlining the crypto and NFT trading process by providing a single intuitive and interconnected platform that’s easy to learn for newcomers but has enough advanced functions for experts. Implementing the LNR Binance Smart Chain token facilitates trading and serves as the main bridge between the ecosystem’s various financial services, positioning itself as one of the best DeFi projects.

Lunar’s DeFi platform is focused primarily on NFTs and cryptocurrencies and offers a way for users to avoid the need to juggle around multiple platforms and applications to access crypto assets. Rather than downloading and managing separate tools for marketplaces like Coinbase, Metamask, and OpenSea, and blockchains like Ethereum and Solana, users can find it all in a single streamlined package with Lunar’s platform. 

On top of the easy access to multiple wallets, blockchains, and marketplaces, Lunar offers excellent tools that any trader and investor will always require, such as price alerts, watchlists, portfolio tracking, and reflections tracking, making it one of the most complete DeFi platforms in the market.

Hello Enhance

For those looking for an innovative long-term project to invest in, Hello Enhance offers a financial ecosystem that oozes personality and new ideas. Its dual tokenomics system gives users access to the Safemoon and Enhance tokens, which act retroactively together to strengthen the value that the tokens’ holders receive, coming from various different sources of revenue and capital.

The Hello Enhance financial ecosystem is backed by multiple businesses that include clean energy for crypto mining, security enhancement systems, and NFTs, all of which holders of the Enhance token will benefit from.

Hello Enhance isn’t a platform for users to invest in other tokens like many other DeFis, but rather, its own DeFi ecosystem developed with many subsystems that are created for the Enhance holders will gain returns as the system expands, with the ultimate goal of becoming a widespread token for common transactions. 

Because Hello Enhance is a long-term project with a lot of complexity behind it, it’s recommended mostly to those with experience in blockchain and DeFi. However, with its SafeMoon support and many big names behind it, the Enhance token could prove to be a highly valuable asset for those who intend to dive fully into its vision.

Meta Bank Defi

The first 360 solution bank based in the metaverse, Meta Bank Defi leverages the advantages of decentralized finances to provide easy and accessible banking solutions presented through a unique photorealistic metaverse experience that acts as the platform’s own digital business district.

With its Metaverse Busines District (MBD), Meta Bank Defi aims to empower individuals by providing them with a digital cross-chain experience, where they’ll be able to access marketplaces, blockchains, NFTs, and different financial assets while interacting with other users in real-time. 

This innovative approach to DeFi puts freedom at the forefront with an easy and engaging experience. Through it, Meta Bank Defi has the ultimate goal of addressing the foundational financial needs of millions of individuals around the world with an alternative that is faster and less costly than traditional banking but equally as close and personal.

Colony Lab

Describing itself as the first future-oriented, community-driven DeFi fund, Colony Lab employs the Avalanche ecosystem to support upcoming DeFi projects in various ways. The Avalanche ecosystem is an open smart contracts platform that allows developers to build dApps quickly, at a low cost, and in an eco-friendly manner. Colony Labs provides capital to Avalanche-based projects to generate liquidity and secure networks by running nodes.

In essence, Colony Labs provides a basic technological and financial framework for new decentralized organizations to emerge and grow, while connecting them with potential investors and token holders. This is done by giving wallet-holding users a tool to connect to different networks where they can buy and sell tokens from Avalanche-based projects in a decentralized exchange (DEX)

These tokens represent equities with many types of smart contracts, all of which yield returns to their holders in unique manners, from interests on the liquidity provided to special types of dividends. The whole ecosystem is run and governed by its community and, as such, is one of the most interesting and flexible in the market.

The freedom that Colony Lab offers, however, comes at the cost of user-friendliness as its use requires a degree of technical expertise that most newcomers won’t possess. Likewise, investments within this platform demand thorough research in order to have a full grasp of what each unique smart contract entails. Nevertheless, Colony Lab is one of the best DeFi projects due to its incredible potential for disruption and innovation, which translates as a huge potential for financial returns.

PancakeSwap

For a more user-friendly alternative that doesn’t require high levels of technical expertise, PancakeSwap can be the ideal option. It is by far the most popular blockchain-based DeFi for a reason. Not only does it provide an easy-to-use tool to trade cryptocurrencies and other tokens in a DEX, but it’s also audited by CertiK and built on the Binance Chain BEP-2, making it one of the best DeFi projects in existence due to its trustworthiness.

The PancakeSwap platform uses a coin called CAKE, which can be used to earn by staking liquidity pools to enable crypto trades. This ensures that the platform always has enough liquidity to back its trades and tokens while rewarding its users. CAKE can be staked to receive another special type of token called SYRUP, which can be employed for various functions within the platform, including governance and access to lottery tickets.

To make the experience more enticing and engaging, PancakeSwap offers some gamified ways for its users to earn money. One of them is the aforementioned lotteries. Others involve wagering over the price of the Binance Coin (BNB), as well as different activities using the platform’s bunny-themed NFTs. This makes it a highly accessible DeFi option but also a very fun one.

A Glimpse into the world of DeFi

These five platforms include some of the best new offerings in the world of DeFi, with options for newcomers and experts alike. They are, however, but a small part of what blockchain and decentralization can offer in terms of alternative investments and financial tools. There are countless amazing DeFi platforms that were not included on this list, and it’s impossible to tell what the future holds for this emerging industry once it becomes massively adopted.

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