DeFi portal by ChangeNOW

An Ethereum-based Kyber Network is a decentralized finance project that provides instantaneous token exchange. Kyber Network’s DeFi protocol supports 70+ ERC20 projects and swiftness of conversion is provided by crypto funds called reserves. In order to use reserve pools, one has to pay a fee in the ecosystem’s native token, KNC. Decentralized finance projects like Kyber make usage of different dapps easy, as you don’t have to wait for token swaps and tools like KNC bring DeFi closer to everyday adoption of crypto payments.

Maker is a DeFi platform that is used to maintain the DAI stablecoin. DAI coin is based on smart contracts powered by Ethereum and Maker is a decentralized finance tool that stabilizes the price of DAI by creating new MKRs. DeFi protocols in place regulate the price of the stablecoin in a transparent way with collateralized loans. MKR as a decentralized finance instrument is one of the oldest on the market - it was created in 2014 and has since earned its popularity in the crypto community at large.

Synthetics Network Token is a decentralized finance protocol based on Ethereum. SNX’s DeFi system is similar to Maker, where the platform’s tokens are used to create assets called Synths. Those synthetic assets copy the price of ‘real world’ assets. To buy and trade those, one has to use SNX - the decentralized finance token of the platform. The Synthetix DeFi project initially started as a conventional stablecoin Havven that got rebranded in late 2018.

Balancer is a decentralized finance project made for automatic market-making. Ethereum-based DeFi token BAL is used as a governance tool and a liquidity provider. There are 8 assets supported by Balancer’s DeFi network, including Ethereum and ERC20 projects. Balancer doesn’t use external oracles - asset prices are determined by trades within the network instead. Essentially, BAL is a decentralized finance system that allows for creation of customizable pools and gives an opportunity for its members to earn profit from trading fees.

Bancor is a decentralized finance protocol that allows to conduct peer-to-peer trades without third party involvement. Bancor’s basic blockchain is Ethereum; it maintains its smart contracts. For governance on the blockchain, the protocol uses a token called BNT. As a decentralized finance system, Bancor works on liquidity pools with multiple reserves, which are used to conduct smart contracts with BNT DeFi tokens. If you use Bancor as a DeFi platform, you have more than 100+ tokens to choose from.