The concept of DeFi is gradually becoming widely accepted due to its advantageous nature. Although it is not as full-blown as it is meant to be, a significant increase in adoption has been recorded over the past two years, especially after the last DeFi boom. DeFi tokens are now finding their way into many crypto holdings more than usual, indicating improved acceptance of the concept.
The DeFi sector provides an excellent solution to the financial system, eliminating the need for any centralized authority to interfere in financial services like lending, borrowing, or trading your financial assets. It gives you total control and protects you from the shortcomings of the traditional financial system.
With the increasing prominence of the sector, which many believe could bring yet another boom, considering some DeFi tokens for your portfolio could be a wise decision. Big Eyes Coin (BIG), UniSwap (UNI), and Maker (MKR) top the list of DeFi coins that may likely be profitable soon.
UniSwap (UNI): The Multipurpose DeFi Protocol
UniSwap functions on two automated smart contracts, which powers its functionalities. These are the Exchange and Factory contracts. The exchange contract enables the top DeFi protocol to support crypto trading and token swap, making a decentralized exchange (DEX) platform, while the factory contracts introduce new tokens to the protocol, supporting its liquidity provision function.
UniSwap is inarguably one of the most used decentralized exchanges (DEX). The crypto trading platform boasts $3+ billion Total Value Locked (TVL) and acts as an automated market maker (AMM) to create liquidity in the protocol. UniSwap is optimized to function better than conventional decentralized exchanges. It is low-cost, fast, highly scalable, and doesn’t require identity verification like most centralized exchanges.
Trading on the protocol is automated, making it easier for anyone to create pools for token pairs which liquidity providers can fund and enjoy a fraction of the yield when the pool matures. UniSwap is one of the few liquidity protocols that ensure users face little to no risk of impermanent loss. The activities on the platform are backed by its governance/utility token, UNI.
UniSwap token (UNI) is a top DeFi coin with about $4 billion market capitalization. It had a great bull rally during the last DeFi boom and could also impress in the coming months, making it a good purchase option.
Maker (MKR) Holders Expect An Impressive Run
Maker is usually referred to as the origin of DeFi. It is an open-source, decentralized protocol functioning on the Ethereum network. Maker’s main aim is to proffer a solution to the issue of crypto market volatility, and it hopes to achieve that through DAI, a decentralized stablecoin. DAI is pegged to U.S. dollars but backed by Maker’s utility token (MKR) rather than fiat currency.
The platform leverages smart contract automation to issue this stablecoin against assets in Maker’s treasury. This implies that locked Maker tokens (MKR) are used as collateral to lend DAI on the maker protocol.
Apart from backing DAI, the maker token (MKR) facilitates other transactions on the platform, and it powers governance in the Maker DAO. It’s a top token with slightly reduced volatility compared to others. However, it has suffered a great decline since the past year but hopes to recover significantly before the year ends.
Big Eyes Coin (BIG) to Make DeFi More Profitable
Big Eyes Coin aims to drive wealth into the DeFi ecosystem improving its profitability while making it more accessible to users. The community-owned DeFi coin will improve community members’ wealth by leveraging DeFi to provide growth and wealth-increasing opportunities.
Big Eyes Coin also aims to improve part of the world’s ecosystem through charity endeavors without comprising the growth of its self-sustaining ecosystem. The meme coin has gained the attention of top market players as they anticipate its market launch. Big Eyes Coin (BIG) is billed to boom when it launches, which could be before the year ends. Join the presale now if you haven’t.
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL