Deposit crypto tokens and get a fixed yearly return.
Cosmos has more potential than other DeFi projects.
Decentralized Finance (DeFi) sprang out of the blockchain and open finance. It eliminates intermediaries, speeds up transactions, and offers investors complete control over their funds. Most DeFi coins operate on Ethereum because its smart contract is more versatile and simpler to build on than Bitcoin. Let us take a look at the top 5 DeFi projects to invest in 2021.
Algorand (ALGO)
Algorand aims to enhance scalability, security, and transaction speed. As a Decentralized Finance coin, the usage includes stake, borrow, also used for building a DeFi application (Dapp). Its quick and low-cost processing costs make it a good option for novice DeFi players. It can’t be said for sure whether ALGO is the greatest DeFi project to invest in, but long-term, it is worth it.
According to CoinMarketCap, the ALGO price is $1.72 and the 24-hour trading volume is $274,903,612.
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