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Author: Admin | 2025-04-28
Can buy or earn by providing liquidity to specific liquidity pools. You can also stake your CRV tokens on a variety of other popular yield farming protocols like Convex Finance to multiply your rewards.Like with other DeFi protocols, to get started trading stablecoins and other pegged assets on Curve, you just need to connect to the dex using a non-custodial wallet.Curve key features:TVL: $4.22 billionSupported chains: 11Governance token: CRVRead next: Learn how your Curve transactions are taxed!dYdX is a decentralized exchange focused on perpetual trading options, which are a specific kind of derivative trade.Perpetual futures contracts let investors place buy or sell orders at a fixed price, indefinitely, so there's no expiry date like with other futures contracts. dYdX specializes in providing these kinds of trades to users for more than 35 different cryptocurrencies, with up to 20X leverage. Unlike centralized exchanges, trades are all executed using smart contracts.dYdX also has a native token - DYDX. You can buy DYDX as you'd buy any other token, as well as earn DYDX tokens for trading using the protocol and stake your DYDX to earn a yield.It is worth noting - dYdX is more of a hybrid decentralized exchange. The project started out with the clear goal of becoming fully decentralized, and most components of the exchange are now just that. The remaining centralized components are due to be removed in dYdX V4.dYdX key features:TVL: $352 millionSupported chains: 1Governance token: DYDXBalancer is a decentralized exchange that's particularly unique as it works as a kind of index fund using Balancer pools.Balancer provides the same service any other dex like Uniswap or Curve does in that you can swap crypto easily using smart contracts and liquidity pools, but where Balancer differs is that each liquidity pool may have up to eight different cryptocurrencies in the pool, while for other dexes, only two assets are in the pool.This means when you provide liquidity on Balancer to a pool with multiple assets, you effectively diversify your portfolio, in a similar way to how an index fund of stocks or bonds functions. And this has the specific benefit of reducing your risk of impermanent loss when you deposit an asset or assets to Balancer liquidity pools, you can choose the ratio and select a lower percentage for more volatile assets.Balancer also has a native token, BAL. You can buy, swap, and sell BAL like you would any other token, but you can also earn it by providing liquidity to Balancer pools.Balancer key features:TVL: $1.1 billionSupported chains: 4Governance token: BAL1inch technically isn't a dex, is a dex price aggregator. It can help you find the lowest fees to execute a trade using a dex without trawling through different exchanges trying to figure it out yourself.1inch does this by utilizing an algorithm and smart contracts to access live prices and provide them to users to ensure you're always getting the cheapest fees and the best price for your crypto, which may in some instances involve trading across several dexes,
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