The Analyst Shared 7 Altcoins That He Called “Most Innovative”!

DeFi analyst, known as “DefiIgnas” on Twitter, is the “Top 7” innovators reshaping decentralized finance in the recent boom. altcoin shared.

What Altcoins Are Analyst Considering The Most Innovative?

The analyst summarized the most contradictory DeFi concepts the industry has seen in recent years.

For example, according to the analyst Ampleforth (AMPL), It introduced the “elastic supply” mechanism, a self-adjusting tool for rebalancing supply resulting from the interest in purchasing AMPL.

DefiIgnas in addition to this Olympus DAO (OHM) altcoin has an interesting game theory experiment that allows users to profit from transactions such as staking, bonding and selling. cryptocurrency He said he invited his users.

In addition, the analyst initially Compound Finance Launched as an incentive to provide liquidity to the protocol COMP reported that the token has become a symbol of early “yield farming” indicators.

DefiIgnas also Curve Finance’s CRV It also added its altcoin to its list. According to the analyst, CRV has made yield farming more profitable for those who manage to stake at the right time.

However, according to the DeFi analyst, Yearn.Finance (YFI) The token was also airdropped to users for free, and it had built a passionate community around it in the early period.

Analyst, listed Nexus Mutual’s NXM, Subject to KYC Ethereum (ETH) He stated that he is a game changer in crypto insurance by allowing his investor to make money by sharing risks with others.

According to analyst Synthetix cryptocurrency too SNX with token sUSD ensured a healthy collateral ratio for the decentralized stablecoin named

Two stablecoins also drew attention in DefiIgnas’ list. According to analyst DAI, introduced a new concept as an overcollateralized stablecoin and Frax Finance (FRAX) It also became the first partially collateralized USD-based stablecoin.

*Not investment advice.