1. Band Protocol (BAND)
Band protocol is a cross-chain data oracle network that aggregates and connects real-world data and APIs to smart contracts. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on a centralized oracle’s single point of failure. BAND had an excellent 2020 and is up over 3,200% YTD.
2. Chainlink (LINK)
Chainlink is enhancing the capability of smart contracts by “enabling access to real-world data, events, payments, and more without sacrificing the security and reliability guarantees inherent to blockchain technology.” It is a decentralized oracle service and performed very well in 2020, up over 600% YTD. Since blockchains cannot access data outside their network, oracles are needed to function as data feeds in smart contracts. Oracles provide external data that trigger smart contract executions upon the fulfillment of predefined conditions. Chainlink has huge fanfare, and we expect an exciting 2021 for the project!
3. Kyber (KNC)
Kyber is an on-chain liquidity protocol that allows decentralized token swaps to be integrated into any application, enabling value exchange to be performed seamlessly between all parties in the ecosystem. Tapping on the protocol, developers can build payment flows and financial apps, including instant token swap services. ERC-20 payments and innovative financial Dapps - helping to create a world where any token is usable anywhere. It has risen close to 400% in the past year.
4. Maker (MKR)
Maker is DAO is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token DAI against the IMF’s currency basket SDR. Maker earns a continuous fee on all outstanding DAI in return for governing the system and taking on the risk of bailouts. Maker’s income is funneled to MKR owners through a Buy Back program. Maker (MKR) performed well in 2020 & is up 208% YTD.
5. Polkadot (DOT)
Polkadot is working to deliver the most robust platform for security, scalability, and innovation and is up over 18.5% YTD. One of the reasons Polkadot is popular is because it is more scalable than Ethereum. It executes transactions using several parallel chains instead of standard blockchain nodes. Also, it's a cross-blockchain protocol that can transfer any kind of data between different blockchains. While Polkadot is a smart contract platform, thousands of developers are using it to build DeFi tools and projects, to take advantage of its speed and scalability, where Ethereum falls short.
Click here to read more about Polkadot’s success in 2020
6. Uniswap (UNI)
Uniswap Protocol serves as a trustless and highly decentralized financial infrastructure. Having proven product-market fit for highly decentralized financial infrastructure with a platform that has thrived independently, Uniswap is now particularly well-positioned for community-led-growth, development, and self-sustainability. UNI serves this purpose, enabling shared community ownership and a vibrant, diverse, and dedicated governance system, which will actively guide the protocol towards the future.
7. Serum (SRM)
Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance. It is built on Solana and is completely permissionless.
8. Compound (COMP)
Compound, which is up 5.1% YTD, is an algorithmic money market protocol on Ethereum that lets users earn interest or borrow assets against collateral. Anyone can supply assets to Compound’s liquidity pool and immediately begin earning continuously-compounding interest. Rates adjust automatically based on supply and demand. Supplied asset balances are represented by cTokens: representations of the underlying asset that earn interest and serve as collateral.
9. yearn.finance (YFI)
Yearn is a growing collection of DeFi services intended to act as a simple gateway for the broader DeFi ecosystem. YFI is purely and simply a governance token. Its holders are allowed to vote on decisions that affect Yearn. Its centerpiece is the ability to automatically invest user deposits in the highest-yielding place in the DeFi ecosystem, through Yearn Vaults. Yearn can also let people make stablecoin deposits straight to the highest-yielding lending platform available to earn competitive returns on stablecoins.
10. UMA (UMA)
UMA describes itself as a protocol for building synthetic assets. It aims to allow users to write self-enforcing smart contracts with economic guarantees. UMA is designed to power the financial innovations made possible by permissionless, public blockchains, like Ethereum. Using concepts borrowed from fiat financial derivatives, UMA defines an open-source protocol that allows any two counterparties to design and create their own financial contracts. But unlike traditional derivatives, UMA contracts are secured with economic incentives alone, making them self-enforcing and universally accessible.
Source
Latest news: 
. 
. 
. 
. 
. 
. 
Shop
Topic: Top DeFi Assets in 2021 (Read 656 times)