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Author: Admin | 2025-04-28
Centralized servers. Though smart contracts were originally invented in the 1990s by Nick Szabo, their true potential wasn’t realized until Ethereum’s launch in 2015. In 2024, there are thousands of dApps in existence. Although most dApps are in the gaming and decentralized finance (DeFi) space, dApps exist for almost all market segments. Although in theory dApps are open-source, today an increasing number of dApps are closed-source, which means their code is private.dApp Use Cases: 5 Popular DeFi dAppsInvestors and traders will be most interested in dApps that operate in the decentralized finance (DeFi) space. Let’s explore a few DeFi dApps and their relative use cases!1. Aave: Borrowing/lendingAave is crypto borrowing and lending DeFi dApp. In contrast to traditional banking, you can lend or borrow crypto instantaneously on Aave. There is no pre-approval or paperwork required. In order to borrow crypto on Aave, you must deposit crypto as collateral. The amount you deposit must be greater in value than the amount you are able to borrow. This ‘over-collateralization’ help to make the protocol secure. Aave employers ‘keepers’ whose job is to liquidate undercollateralized loans. 📚 Read: AAVE vs Compound vs JustLend: Which Lending dApp is Best? 2. Lido: StakingLido is a liquid staking dApp. Proof-of-stake networks, like Ethereum, Polygon, and Solana, use validators to secure their networks. Validators are rewarded for their work in cryptocurrency. In order to be in this pool, you must ‘stake’ crypto. Lido is a dApp that does this staking for you. Lido pays stakers in the
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