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I created a chart with ALL DeFi tools from @MultiversX❗
🔴 COMPARISON 🔴
The features are explained in this 🧵 ↓
RT if you like it! #EGLD #HypegrowthX
🔴 COMPARISON 🔴
The features are explained in this 🧵 ↓
RT if you like it! #EGLD #HypegrowthX
List of DeFi Tools:
- @HatomProtocol
- @ProteoDefi
- @JewelSwapX
- @arda_project
- @autoscale_
- @liquid_egld
- @xExchangeApp
- @ash_swap
- @jexchangeP2P
- @OneDex_X
- @QuantumXnetwork
- @Exrond_Dex
- @DX25Labs
- @EsdtMarket
- @DemiourgosH
- @oferonetwork
- @CelestDefi
↓
- @HatomProtocol
- @ProteoDefi
- @JewelSwapX
- @arda_project
- @autoscale_
- @liquid_egld
- @xExchangeApp
- @ash_swap
- @jexchangeP2P
- @OneDex_X
- @QuantumXnetwork
- @Exrond_Dex
- @DX25Labs
- @EsdtMarket
- @DemiourgosH
- @oferonetwork
- @CelestDefi
↓
1/ Token
A special kind of token you can use to vote on changes to the DEX, or DeFi tool.
But usually, it's used to bootstrap users in order to add liquidity.
Like, they pay you to use their platform at first. Be careful here, high APRs are only for a limited amount of time.
A special kind of token you can use to vote on changes to the DEX, or DeFi tool.
But usually, it's used to bootstrap users in order to add liquidity.
Like, they pay you to use their platform at first. Be careful here, high APRs are only for a limited amount of time.
2/ Staking
Locking up your tokens to earn rewards, usually, you earn the protocol's token.
In a way, it's like putting money in a savings account to earn interest.
Locking up your tokens to earn rewards, usually, you earn the protocol's token.
In a way, it's like putting money in a savings account to earn interest.
3/ Yield Farming
Lending your tokens to earn more tokens.
You add liquidity with 2 tokens in a pool and share the fees with the other liquidity providers.
It's like planting seeds (tokens) and harvesting crops (rewards).
Be aware of Impermanent loss here.
Lending your tokens to earn more tokens.
You add liquidity with 2 tokens in a pool and share the fees with the other liquidity providers.
It's like planting seeds (tokens) and harvesting crops (rewards).
Be aware of Impermanent loss here.
4/ Dual Yield Farming
When you provide liquidity to a pool, you receive LP Tokens. You can then stake them to a farm in another protocol to earn more rewards.
Be aware of the lock period or locked tokens here.
When you provide liquidity to a pool, you receive LP Tokens. You can then stake them to a farm in another protocol to earn more rewards.
Be aware of the lock period or locked tokens here.
5/ Metabonding
Usually, you hold the utility token of the DEX, just like $XMEX or $JEX, and earn rewards from partnering projects.
Usually, you hold the utility token of the DEX, just like $XMEX or $JEX, and earn rewards from partnering projects.
6/ Metastaking
Is only available on @xExchangeApp and @QuantumXnetwork.
- Add liquidity in pools = Earn % from fees
- Farm LP Tokens = Earn Rewards
- Farm LP Tokens again in Metabonding to basically "normal stake" usually 1 of the 2 tokens and earn even more rewards.
Is only available on @xExchangeApp and @QuantumXnetwork.
- Add liquidity in pools = Earn % from fees
- Farm LP Tokens = Earn Rewards
- Farm LP Tokens again in Metabonding to basically "normal stake" usually 1 of the 2 tokens and earn even more rewards.
7/ Dual Farms
Earning rewards from a farm in the form of 2 or more tokens
Earning rewards from a farm in the form of 2 or more tokens
8/ P2P Trading
Direct trades between two people, with no middleman.
Like selling an old bike directly to a friend.
Direct trades between two people, with no middleman.
Like selling an old bike directly to a friend.
9/ Stable Swap
Trading between stablecoins with low fees.
It's like exchanging dollars for euros with minimal charges.
Trading between stablecoins with low fees.
It's like exchanging dollars for euros with minimal charges.
10/ Limit Orders
Setting a specific price to buy or sell a token.
Like setting a budget for buying a new phone.
Setting a specific price to buy or sell a token.
Like setting a budget for buying a new phone.
11/ Margin & Derivatives
Borrowing money to trade, or betting on price changes without owning the token.
Like buying a house with a loan, or betting on a soccer game.
Borrowing money to trade, or betting on price changes without owning the token.
Like buying a house with a loan, or betting on a soccer game.
12/ Simplified Liquidity
Providing liquidity with just one type of token.
Like bringing only apples to a fruit potluck.
Providing liquidity with just one type of token.
Like bringing only apples to a fruit potluck.
13/ Price Range Liquidity
Providing liquidity only within a certain price range.
Like selling ice cream only when it's above 75 degrees.
Providing liquidity only within a certain price range.
Like selling ice cream only when it's above 75 degrees.
14/ Flexible Fee
The fee changes based on conditions like market volatility.
Like surge pricing for a taxi ride during rush hour.
The fee changes based on conditions like market volatility.
Like surge pricing for a taxi ride during rush hour.
15/ Aggregator
A platform that finds the best trade prices across multiple DEXes.
Like a travel website that finds you the cheapest flights from different airlines.
A platform that finds the best trade prices across multiple DEXes.
Like a travel website that finds you the cheapest flights from different airlines.
16/ Lending & Borrowing
It's a process where individuals or entities lend out their coins to others in exchange for interest or collateral, or borrow coins from others with an agreement to repay.
It's a process where individuals or entities lend out their coins to others in exchange for interest or collateral, or borrow coins from others with an agreement to repay.
17/ Liquid Staking
It's a mechanism that allows users to stake their coins holdings and receive liquid assets or tokens in return, enabling them to use their staked assets in other financial activities while still earning staking rewards.
It's a mechanism that allows users to stake their coins holdings and receive liquid assets or tokens in return, enabling them to use their staked assets in other financial activities while still earning staking rewards.
18/ Isolated Lending
It refers to a lending arrangement where the borrowed funds are not shared or pooled with other borrowers, ensuring that each borrower's loan is separate and distinct from others.
It refers to a lending arrangement where the borrowed funds are not shared or pooled with other borrowers, ensuring that each borrower's loan is separate and distinct from others.
19/ Cross-chain Lending
It involves borrowing or lending assets across different blockchain networks, allowing users to access liquidity and engage in financial activities across multiple blockchains.
It involves borrowing or lending assets across different blockchain networks, allowing users to access liquidity and engage in financial activities across multiple blockchains.
20/ Synthetic Tokens
They are digital tokens that simulate the value or characteristics of real-world assets, enabling users to gain exposure to various assets without directly owning them.
They are digital tokens that simulate the value or characteristics of real-world assets, enabling users to gain exposure to various assets without directly owning them.
21/ Auto Staking
It's a process where cryptocurrencies are automatically staked or locked up in a smart contract, allowing holders to earn staking rewards without the need for manual intervention.
It's a process where cryptocurrencies are automatically staked or locked up in a smart contract, allowing holders to earn staking rewards without the need for manual intervention.
22/ NFT Lending & Borrowing
It involves using NFTs as collateral to borrow funds or lending NFTs to others in exchange for interest or collateral, enabling NFT owners to unlock liquidity without selling their assets.
It involves using NFTs as collateral to borrow funds or lending NFTs to others in exchange for interest or collateral, enabling NFT owners to unlock liquidity without selling their assets.
23/ NFT Staking
It refers to the act of staking NFTs to earn rewards or benefits, similar to staking coins, where NFT holders can lock up their assets to support the project and receive incentives in return.
It refers to the act of staking NFTs to earn rewards or benefits, similar to staking coins, where NFT holders can lock up their assets to support the project and receive incentives in return.
24/ That's a wrap!
Hope this thread gives you a better overview of the DeFi tools available on @MultiversX and their features.
This analysis took a ton of work, so if you find any errors, please Quote RT and help me out!
Hope this thread gives you a better overview of the DeFi tools available on @MultiversX and their features.
This analysis took a ton of work, so if you find any errors, please Quote RT and help me out!
And don't forget ❗ ❗
→ Follow @AndreiMX_ if you want to stay updated in the web3 space.
→ Like & RT the tweet below if you found this thread even a bit interesting.
Thanks a lot and see you around!
→ Follow @AndreiMX_ if you want to stay updated in the web3 space.
→ Like & RT the tweet below if you found this thread even a bit interesting.
Thanks a lot and see you around!
https://twitter.com/AndreiMX_/status/1668649917030760449?s=20
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