8 DeFi Projects I invested in recently

By Jakonfire | Crypto and more | 7 Jun 2020

8 DeFi Projects I invested in recently

I have already written an article about my different staking coins and I still think that staking is a good way to multiply your cryptos over a longer period of time.
Another option is to use various DeFi tools and platforms. Therefore, in this article I would like to go into the different areas of application and also name the projects in which I recently invested. All of these projects either have their own block chain or their own tokens and thus offer the opportunity to fundamentally invest in these new technologies without having to actively use them. If you do it anyway, holding the tokens will also result in various advantages or you have voting rights and can help decide about future developments.
I will only mention the individual projects in this article if you are interested in learning more about the basics and details, but simply comment on which or which project you would like a summary of.  However, I did not want to give up my ETH or BTC positions, nor did I want to register on an additional exchange. Therefore, only coins that are listed on or with a USDT pair can be found in this list.  

DeFi Infrastructure & Dev Tooling

This includes protocols, frameworks and underlying technologies for building decentralized finance dApps.

1. Bancor (BNT) 


2. Ren (REN)


Also should be mentioned: Loopring (LRC), Kyber Network (KNC), 0x (ZRX)

Decentralized Identity

To prevent money laundering, financing terrorism and other crimes involving money you are often forced to KYC . Its used by banks and financial services companies to comply with know your customers regulations.

3. Civic (CVC)


DeFi Lending

DeFi lending protocols enable everyone to earn interest on stablecoins and cryptocurrencies.

4. Aave (LEND)


5. Kava (KAVA)



Creates an open finance ecosystem that caters to the needs of institutions, as well as for the unbanked population.

6. Celer Network (CELR)


7. Matic Network (MATIC)


Also should be mentioned: OmiseGo (OMG)


Why using Big Data from Oracles is important today?
Managing big data effectively, efficiently, and securely is becoming harder than ever before. But in today’s world of proliferating data, it’s become essential. Therefore oracles convert data into real value and feed a wide variety of applications such as decentralized exchanges. Some of them are also Cross-chain Decentralized Data Oracles. 

8. Band Protocol (BAND)


Anyway. Feel free to comment your opinion or of course ask questions.
This is not financial advice. Please do your own research.

My exchanges


Here you can also find out how you can earn 5 € with Bitpanda:

Here you will also find my article about the rewards that you can get for hodl BEST:

My Staking Coins:

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Crypto enthusiast, Hardcore Music, love hot peppers 🔥🔥🔥

Crypto and more
Crypto and more

In this blog I tell you about my personal opinions on crypto and crypto related projects. No financial advice. Do your own research!

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