With the current state of the DeFi industry, it can be hard to sift through all the projects and find the few that are actually worth your time. That’s why we’ve done the research for you and compiled a list of the 5 most reliable DeFi projects to watch in 2023. From protocols that offer high yield farming to those that provide next-generation liquidity, these are the projects that are leading the way in terms of innovation and adoption. So if you’re looking to get involved in DeFi, make sure to keep an eye on these projects in the coming year. Barely any retail trades are done using cryptocurrencies, even well-known ones like Bitcoin using profit builders.
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AllianceBlock
AllianceBlock is a project that is focused on making it easy for companies to tokenize their assets and create compliant digital securities. The team behind AllianceBlock has a lot of experience in the traditional financial world, which gives them a unique perspective on how to make digital securities compliant with regulations.
One of the things that makes AllianceBlock unique is their use of the ERC-1400 standard for digital securities. This standard allows for compliance with multiple jurisdictions, which is important for companies that want to issue digital securities to investors around the world. AllianceBlock is also working on a protocol that will allow different blockchains to interoperate, which would make it possible to trade digital securities on any blockchain.
AllianceBlock is an exciting project that has a lot of potential. They are already working with some big names in the traditional finance world, and as more people learn about digital securities, I think AllianceBlock will become one of the leading projects in this space.
Aave
Aave is one of the most popular protocols in the DeFi space and it is also one of the most reliable projects in the space. Aave is a protocol that allows you to earn interest on your crypto assets and it also allows you to borrow assets from the protocol.
Aave has been live since January 2017 and it has never been hacked. The team behind Aave is very experienced and they have built a very secure platform.
Aave is one of the few protocols that offer insurance on your deposits. If anything happens to Aave, your deposits will be covered by the insurance fund.
Aave is a very popular protocol and it is used by many popular projects such as MakerDAO, Compound, Dharma, InstaDapp, and others.
Orbs
Orbs is a decentralized platform that allows you to create and run your own blockchain applications. With Orbs, you can build applications that are scalable, secure, and interoperable with other blockchains. Orbs is powered by a Proof-of-Stake consensus algorithm and has a team of experienced developers who are constantly working on improving the platform.
Cake DeFi
The first project on our list is Cake DeFi. The protocol is built on the Ethereum blockchain and utilizes the ERC20 token standard. Cake DeFi currently supports five cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Dai. In addition to earning interest on your deposited funds, you can also participate in the Cake DeFi governance system to help shape the future of the protocol.
Uniswap
Uniswap is a decentralized exchange protocol built on Ethereum that enables seamless swap of ERC20 tokens. It is one of the most popular protocols in the DeFi space with over $1 billion worth of value locked in it. Uniswap has been live since November 2018 and has seen tremendous growth since then.
The key to Uniswap’s success is its simplicity. It is very easy to use and does not require any KYC or AML. Users can easily swap their tokens without having to worry about the security of their funds. Moreover, Uniswap charges very low fees (0.3%) compared to other centralized exchanges (CEXes).
Another reason for Uniswap’s popularity is its governance model. Unlike most protocols, which are governed by a central authority, Uniswap is governed by the community. This decentralization makes it more resistant to attacks and censorship.
Lastly, Uniswap has been incredibly innovative since its launch. It was the first protocol to launch on Ethereum’s mainnet and has introduced several new features like flash swaps and liquidity pools. With a strong team of developers working on it, we can expect more great things from Uniswap in the future!
