Decentralized Finance (DeFi) is a financial system that allows its users to take advantage of banking transactions without resorting to banks or other intermediaries. Crypto expert Will Izuchukwu shares his list of the best DeFi coins under $50 million market cap.
Keep3rV1 (KP3R) is at the top of the list of DeFi coins
Keep3rV1 hit the market in 2020. A decentralized platform created to make it easier for projects to coordinate with those who can deliver the external development activities they need. In essence, the project acts as a job board that facilitates communication between employers, decentralized financial protocols and employees, called Keepers.
There are some responsibilities that Keepers carries out. These include everything from calling and sending transactions on the blockchain to completing complex off-chain processes. KP3R is an ERC-20 token. Protectors use the token for the governance and rewarding of Keep3rV1.
Second place is the DeFi Pulse Index (DPI).
The capitalization-heavy DeFi Pulse Index tracks the performance of decentralized financial assets across the market. The developers created the project to monitor the performance of tokens in the DeFi sector. The index determines weights based on the value of the circulating supply of each token.
Key tokens in the DeFi Pulse Index include Aave, Balancer, Compound, Cream, Farm, KNC, Loopring, Maker, meta, REN, Sushi, Synthetix, Uniswap, Yearn, Instadapp, Badger, Rari Capital, Vesper.
Third on the list of DeFi coins is Ampleforth (AMPL)
Ampleforth is an Ethereum-based cryptocurrency with an algorithmically updated circulation resource. Immune to inflation. It also offers an independent source of price movements of other cryptocurrencies, including Bitcoin (BTC). Thus, it serves as the base currency of the future decentralized economy.
Ampleforth token holders have a fixed percentage of the total circulating AMPL supply. That is, holders do not have a specific amount of tokens. Accordingly, when the protocol determines that the price of AMPL is too high, the circulating supply increases. Conversely, when the price is too low, supply falls.
Fourth project Alpha Venture DAO (ALPHA)
Alpha Venture DAO wants to create the future of Web3 and enhance the Web3 ecosystem. In this context, Web3 has a team of industry experts. Alpha Venture DAO looks at Web3 regardless of whether blockchains or industries dominate it. In this direction, it aims to create a wide ecosystem of decentralized applications that capture wealth.
Alpha Venture DAO provides an entry point for the community to participate in meaningful and high-quality Web3 projects. The ALPHA token is no longer a token for a single product or project. Rather, it acts as a proxy for Web3 innovation.
The last in the list of DeFi coins is Telos (TLOS)
Telos is a high performance L1 with the fastest EVM. Users use Telos-based tokens for many applications, including NFTs and Smart Contracts. The developers designed Telos for speed and scalability. This makes it the ideal network for mass admission.
Taikai, Qudo, Qubicles, Appics, Wordproof, Seeds, Zeptagram and NewLife are among the nearly 100 unique apps (dApps) available on Telos. These applications benefit from the speed and scale of the network. It also leverages Telos’ sophisticated in-blockchain services for voting, responsiveness, decentralized file storage, location, and much more.
Telos is the only Blockchain that supports two core technologies, EVM and EOSIO, for smart contract development. These two technologies together make up most of the top dApps on tracking websites like dApp radar. For the latest and most accurate cryptocurrency news cryptocoin.comDon’t forget to follow
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