In the past, Stacks has been known especially for NFTs.
But the #Stacks DeFi ecosystem is rising.
Here are the most promised #DeFi products in the ecosystem.
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But the #Stacks DeFi ecosystem is rising.
Here are the most promised #DeFi products in the ecosystem.
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1)@ZestProtocol is bringing utility to BTC by integrating it into DeFi.
Users will be able to deposit BTC in pools to earn a yield by lending to credit-worthy borrowers.
They offer on-chain BTC loans directly against the borrower's balance sheet.
Users will be able to deposit BTC in pools to earn a yield by lending to credit-worthy borrowers.
They offer on-chain BTC loans directly against the borrower's balance sheet.
2)@ArkadikoFinance enables self-repaying loans thanks to the Stacks Proof-of-Transfer mechanism.
Users can lock STX, xBTC, or atALEX to borrow USDA stablecoin.
It would be cool to see a stablecoin having native BTC as collateral.
Users can lock STX, xBTC, or atALEX to borrow USDA stablecoin.
It would be cool to see a stablecoin having native BTC as collateral.
https://twitter.com/the_advisor_btc/status/1501156074136780801
3)@ALEXLabBTC is building a set of DeFi products to bring value to Stacks & increase BTC utility.
They built a DEX, a lending pool for ALEX (to be expanded for other coins) & an orderbook.
Alex is among the most promising DeFi project in the ecosystem.
They built a DEX, a lending pool for ALEX (to be expanded for other coins) & an orderbook.
Alex is among the most promising DeFi project in the ecosystem.
4)@Bitflow_Finance is a stable swap DEX that will bring utility to BTC holders without giving up custody.
It will enable swapping between stablecoins & wrapped BTCs at a lower fee than other dApps on Stacks.
You can read more about it here:
It will enable swapping between stablecoins & wrapped BTCs at a lower fee than other dApps on Stacks.
You can read more about it here:
https://twitter.com/the_advisor_btc/status/1559925537899810816
5)@LiquidiumFi will bring more liquidity to Stacks NFTs.
NFT holders will be able to borrow against their NFTs.
Finally, users won't be able to sell their NFTs to raise liquidity but will be able to take loans against them.
Read more about it here:
NFT holders will be able to borrow against their NFTs.
Finally, users won't be able to sell their NFTs to raise liquidity but will be able to take loans against them.
Read more about it here:
https://twitter.com/the_advisor_btc/status/1564998975425392640
6)@Sat_Pot is a no-loss lottery on Stacks.
Participants will stack STXs tokens & the total BTC generated will be awarded to a random winner.
It is an exciting & fun concept to bring on Stacks.
Participants will stack STXs tokens & the total BTC generated will be awarded to a random winner.
It is an exciting & fun concept to bring on Stacks.
7)@DeepLakeFinance is bringing derivatives on Stacks.
Perpetuals are an essential financial tool for hedging asset positions.
Stacks users will be able to do it directly with their DeFi app.
You can try the app at: app.deeplake.finance/#/exchange.
Perpetuals are an essential financial tool for hedging asset positions.
Stacks users will be able to do it directly with their DeFi app.
You can try the app at: app.deeplake.finance/#/exchange.
8)@SeFo_Fi is creating vaults so people can earn a yield on their BTC holdings.
Their goal is to build an investment platform to grow web3 assets & BTC in a safe & easy way.
It would be another critical product to add BTC utility.
Their goal is to build an investment platform to grow web3 assets & BTC in a safe & easy way.
It would be another critical product to add BTC utility.
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