DeFi

2021 has been a interval of nice innovation within the blockchain area, with the event and launch of an enormous vary of novel platforms and protocols which have helped to reshape the business in new and surprising methods.

The decentralized finance (DeFi) sector of the business has seen arguably probably the most progress on this time, with the launch of a stunning array of latest platforms that assist customers do extra with their cash and keep away from the necessity to depend on centralized monetary infrastructure.

Right here, we check out the three new platforms main the cost in relation to unraveling the complete potential of cryptocurrencies.

YeFi

Yield farming. It’s all the fashion in 2021 and has develop into one of the vital common use instances for a lot of cryptocurrencies as we speak. Certainly, there are actually billions of {dollars} value of digital property locked up in yield farm platforms — lots of which generate a strong return for traders.

However whereas many yield farms are difficult to work together with, and solely help comparatively obscure digital property or liquidity supplier (LP) tokens, YeFi has lately come alongside to alter the sport.

YeFi is a platform that makes it simple for customers to generate a passive earnings on their digital property by staking them on its decentralized utility (DApp). The platform presently helps all kinds of property, together with ETH, BNB, BTC, and USDT. However customers can enhance their rewards by 1.5x by staking decentralized file storage cash like FIL, or as much as 2x by staking YeFi’s native asset — YEFI.

By permitting customers to stake native property moderately than LP tokens, YeFi ensures customers keep away from the danger of impermanent losses — therefore offering a dependable supply of yield.

The platform is uncommon amongst yield farms in that it’s cross-chain appropriate with each YottaChain and Binance Sensible Chain, with plans to help extra chains sooner or later. Past this, YeFi is about to roll out a wide range of DeFi merchandise within the coming months — together with a decentralized lending/borrowing platform and a full decentralized change.

As soon as full, YeFi might develop into one of many first blockchain-agostic DeFi ecosystems.

Popcorn

You’ve most likely seen the headlines — main cryptocurrency networks like Ethereum and Bitcoin devour large quantities of electrical energy. In complete, the mining exercise of those two networks alone is equal to your complete vitality consumption of a small nation.

However regardless of this, the potential for blockchain know-how to disrupt dozens of industries and alter the best way we go about our day by day lives is a compelling cause to proceed experimenting with the know-how.

If solely there have been a approach to offset the unfavorable penalties of digital property, whereas nonetheless retaining all of their advantages?

Nicely… now there may be. It’s referred to as Popcorn, and it’s an automatic yield era protocol that enables customers to place their idle funds to work by way of a collection of automated yield-bearing techniques. However greater than this, it’s additionally a pressure for social good. The platform makes use of a piece of its charges to fund organizations working to enhance the world we reside in — whether or not that be by way of renewable vitality analysis, forest conservation efforts, or public consciousness organizations.

Whereas utilizing the platform, Popcorn will mechanically direct consumer funds to probably the most worthwhile funding and buying and selling alternatives utilizing a wide range of rigorously designed funding fashions. In the meantime, the platform mitigates the carbon influence of its operations by partnering with carbon sequestration and offsetting organizations.

Earn cash whereas serving to to save lots of the world? We’re in.

Premia

Within the final yr, decentralized buying and selling platforms like Uniswap and PancakeSwap have skyrocketed in reputation, by offering CEX-like speeds and options and breaking down accessibility limitations.

However till solely lately, such derivatives buying and selling platforms didn’t fairly attain the identical diploma of usability and recognition. That’s, till Premia got here alongside.

Premia is a decentralized choices minting and buying and selling protocol that arguably exceeds the capabilities of even the most well-liked centralized choices exchanges. The platform’s main function is an intuitive decentralized buying and selling platform that enables customers to commerce choices for a wide range of digital property — together with Chainlink (LINK), Wrapped ETH (WETH), and Wrapped Bitcoin (WBTC).

However the place Premia actually stands out, is thru its choices underwriting function, which permits customers to underwrite a spread of choices to earn a yield on their funding. It is a utterly permissionless course of that enables anyone, from anyplace to generate a passive earnings with out worrying about regional restrictions.

With Premia serving to customers speculate on varied DeFi property, hedge their dangers, earn a yield on their property and shield in opposition to market volatility, it stands out as an awfully succesful platform for budding and professional merchants alike.