In the popular lending and borrowing system, users deposit cryptocurrency into smart contracts based on the DeFi protocol and then lend it to borrowers who expect regular interest payments, which may be made daily, monthly, or yearly depending on the situation. Lending & Borrowing Tokens have a total market capitalization of $3,196,988,233 and a total trading volume of $329,737,826 in the last 24 hours.
Note: This List is sorted by their market capitalization from lowest to highest
- Price Unit: $0.03385
- Market Cap: $1,269,118
- Distinct Features: The Equalizer intends to develop into the core element of DeFi that stabilizes and equilibrates the decentralized markets, strengthening DeFi. Moreso, a fundamental tool for DeFi that may be applied to and integrated with other DeFi-related goods and services.
Equalizer is the next-generation flash loan marketplace, a specialized platform that connects liquidity sources and borrowers. On the one hand, they reward LPs for staking their money in safe havens by giving them extra tokens obtained from the interest charged on the offered flash loans.
The LPs are also automatically enrolled in their yield farming program, which is intended to encourage long-term liquidity sources. While, lenders provide borrowers a wide variety of liquid pools (vaults) that offer more benefits than any other market rival, including reduced costs, a greater selection of tokens, a minimum level of available liquidity, dependability in all market conditions, and availability on various chains.
The Equalizer token, which has the denomination of EQZ, is used as a utility token to promote platform growth and to provide access to various services made available by the platform.
Exchange: EQZ is currently trading live on KuCoin.
- Price Unit: $0.01034
- Market Cap: $3,967,339
- Distinct Features: BendDAO’s one-stop NFT liquidity solution offers a complete closed loop for customers by allowing them to pay, borrow, and list all at once.
Users can engage in BendDAO as depositors or borrowers in a decentralized, non-custodial, NFT-backed borrowing and lending system. Depositors fund the lending pool with ETH to generate passive revenue, while borrowers can instantaneously borrow ETH from the lending pool using NFTs as collateral.
NFT holders/sellers can choose to get up to 40% of the listing’s floor value before it even sells. The instant NFT-backed loan actually provides instant liquidity. After the transaction, the buyer will pay off the debt, including interest.
Existing borrowers can easily list the collateral on the BendDAO. After the transaction, the balance remaining after subtracting debt and interest will be handed to the borrower (seller).
Exchange: BEND is currently trading live on BingX, CoinW, MEXC, XT.COM, and BKEX.
Inverse Finance (INV)
- Price Unit: $72.64
- Market Cap: $6,795,039
- Distinct Features: With DOLA Borrowing Rights, you can borrow DOLA at a fixed rate for an indefinite period of time and profit from providing liquidity to a trading pair on Curve, Convex, Balancer, and other platforms.
Inverse Finance is a positive sum DeFi platform centered on the cross-chain stablecoin DOLA and the INV governance token.
Inverse Finance is a cryptocurrency enthusiast group organized as a Decentralized Autonomous Organization (DAO) that began on December 26th, 2020.
Using blockchain smart contract technology, Inverse DAO governs and develops a suite of permissionless and decentralized financial instruments. The code base is open-source and community-maintained. According to information on the website, Inverse Finance DAO runs with unparalleled transparency into its functioning and governance, with $46.73M of DOLA Circulation and $20.76M in Total Value Locked.
Exchange: NIV is currently trading live on Gate.io, Coinbase Exchange, MEXC, CoinEx, and Balancer (V2).
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
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