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Author: Admin | 2025-04-28
Form of APR. For example, if you were to stake Ethereum (ETH) on Lido right now, you could receive an APR of 5.2%. On top of that, Lido provides a liquid staking token (LST) in exchange for staked funds to be used in DeFi.3. 1inch: DEX aggregator1inch is a DEX agggregiator. Aggregators look at the prices from multiple DEXs and connect you with the ones that offer the best prices for your selected pair. 1inch has affiliations with many DEXs, including Uniswap, Sushiswap, Kyber Network, Bancor, Balancer, and Oasis.4. OpenSea: NFT MarketplaceThough technically not a dApp (OpenSea is run by a centralized organization), OpenSea is one of the largest marketplaces for buying, selling, and minting non-fungible tokens (NFTs). Like with most dApps, you must connect your self-custody crypto wallet in order to interact with OpenSea.5. Ribbon Finance: Options dAppRibbon is a derivative dApp that leverages products much like options. Though you can not trade options directly on Ribbon, you can invest in their ‘vaults’ that mimic popular options trading strategies, such as the covered call.📕 Read! DeFi Options Explained In order to understand how a dApp works, let’s walk through how the Uniswap DeFi dApp works. Uniswap is a decentralized crypto exchange that allows users to swap digital assets without a central intermediary. Like most dApps, Uniswap is operated by holders of its token, ‘UNI”.In this example, a user is trying to swap some of their ether (ETH) for Uniswap (UNI). Let’s see what happens on the backend!A user logins
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