Full List of DeFi Lending Projects & Protocols

By D3F1 | DeFi Box | 19 Aug 2020

1. Aave

Aave is a DeFi Money Market Protocol that allows users to easily earn interest by depositing cryptocurrency into the protocol.
Additionally, it allows users to take out loans from the protocol with a specific rate of interest attached.
The platform provides interest for deposits in a wide range of cryptocurrency which includes the likes of;
- DAI, KNC, LINK, MKR, USDC, TUSD, USDT, BUSD, ETH.
Aave is also the pioneer of flash swaps that allow non-collateralized loans to be taken out so long as they are paid back within 1 transaction.
LEND is the token that governs the entire platform.

Akropolis is a lending platform that allows users to borrow or lend.
Their mission is to give people to save, grow, and provide for future safety without depending on financial institutions.
Create and grow informal autonomous financial organizations (AFOs).
Totally non-custodial.
The platform has integrations with Compound, Fulcrum, Aave, Maker, Curve, and dydx

A lending protocol for traders to take out loans on margin to trade with.
Raised over $7.8 million in their ICO for BZRX tokens
BZRX will be used to pay fees and for governance.
Their frontend trading platform, Fulcrum, allows users to margin trade or lend crypto assets.
Uses a three token system to work which include;
- BZRX - pay fees and governance
- iTokens - given to lenders when they deposit funds into the global liquidity pools. Can be redeemed for the cryptocurrency asset at any time and they also earn interest.
- pTokens - given to users that borrow from the protocol.

Compound Finance is one of the most popular borrowings and lending platforms.
Allows for the creation of money markets on the Ethereum blockchain.
Lenders can earn interest in depositing liquidity into the Compound pool for borrowers to lend. Lenders earn interest in every Ethereum block.
Borrowers take from the liquidity pool and pay interest on their loans and they must deposit collateral in order to take out a loan.

DeFiner is another lending platform similar to others mentioned on this list.
It allows users to deposit cryptocurrency to earn interest on their assets.
According to their homepage, you can earn between 4-10% for crypto deposits which is a signficanlty higher rate than its competition.
Users can lend or borrow on a P2P basis and choose flexible terms that suit their current financial situation.
Fully non-custodial and powered through smart contracts.
Totally insured service through Quantstamp and Nexus Mutual.
Users earn DeFiner’s governance token FIN through a Proof of Interest protocol.
Backed by NEX, Techstars, and Microsoft.

A totally decentralized autonomous organization that allows users to take out loans based on collateral.
MakerDAO is recognized as the original lending platform in the industry.
Borrowers over-collateralize their positions to ensure that the loans do not default and receive the loan in the form of the DAI stable coin.
They have to pay DAI back to receive their collateral.
DAI is kept stable through the MakerDAO mechanism and the DAI Savings Rate.
MakerDAO has been battle-tested and has already survived a number of huge market crashes which did not cause a cascading loan default scenario.

A lending platform for borrowers to take out decentralized P2P secured loans.
Lenders earn interest when somebody “rents” their crypto assets on the lender’s term.
All funds are held safely inside smart contracts.
The lender is protected due to the collateral that a borrower has to deposit in order to take out a loan.

A tool designed to switch between the best interest rates for lending.
Users holdings are automatically swapped between different lending platforms whilst it seeks for the best rates.
Currently has integrations for Aave DAI, Compound DAI, and Compound USDC.
Rate swaps automatically occur without the need for user input.

Along with being a decentralized margin trading platform, dYdX also offers a sophisticated lending service.
It was founded in late 2017 by Antonio Juliano.
Raised a total of $12 million in funding.
Users deposit funds into the dYdX platform which are then lent out to borrowers.
The lenders earn interest every second which is paid for by the borrowers.
Zero lock-up periods for lenders so they can withdraw at any time.
Users can lend the following coins as of August 2020;
- BAT, DAI, ETH, USDC, USDT, TUSD, WBTC, ZRX.