Top 3 Coins Changing DeFi in 2022
2022 is widely predicted to be the year of decentralized finance or DeFi. Exciting new projects in DeFi are coming out while existing projects are getting bigger. Here are the reasons why DeFi will explode in 2022:
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Institutional investors eyeing DeFi projects
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Innovation in DeFi is increasing day by day with more hits expected in 2022.
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DeFi has the potential to become its own independent sector, free from the broader crypto market.
So if you are looking for DeFi projects that will have a huge impact on the industry this year, we have a top 3 list below.
Goldfinch (GFI)
Goldfinch (GFI) is a decentralized lending protocol that allows users to access collateral-free crypto loans. The project is one of the few on the market today to offer unsecured loans.
Data source: Tradingview
According to website data, more than 200,000 users are already benefiting from its loans. GoldFinch targets users in emerging markets where the need for credit is greatest. It is one of those projects that meets a real need and is expected to expand further in 2022.
Trader Joe (JOE)
Trader Joe (JOE) is a highly liquid decentralized exchange built on the Avalanche Network. It is also the main DEX for avalanches and is designed to facilitate peer-to-peer crypto exchange around the world. Trader Joe also provides liquidity and yield farming pools that allow users to earn rewards. It is characterized by fast transactions, low arbitration fees and security.
Convex Finance (CRV)
If you are looking for a reliable cash aggregator that will help you stake and earn rewards, then Convex Finance (CRV) will be ideal for you. It is, of course, an established DeFi project, with a market capitalization of around $1.5 billion. But there’s still so much potential, and CRV is likely to leap even further.
