Top 3 AVAX DeFi Platforms

By S1mple Finance | S1mple Finance | 9 Mar 2022


What is DeFi?

DeFi stands for decentralized finance. The first decentralized finance platforms have launched on Ethereum blockchain few years ago. Now, DeFi platforms are built and operate on more than 10 blockchain networks. Today, we are going to take a look at the top performers, built or operating on Avalanche network.

#3 Sushi

Sushi is a DeFi platform, where users can:

  • Trade - buy and sell crypto tokens
  • Provide liquidity - users can get LP tokens and earn percent of the trading fees. Also, those LP tokens can be staked, in order to earn SUSHI rewards
  • Lend/Borrow - users can lend their crypto assets and earn rewards. Also, users can eventually borrow percent of their lended balance

Supported networks: Ethereum, Polygon, Arbitrum, Avalanche, Moonbeam, Moonriver, Fantom, BSC, Gnosis, Harmony, Telos EVM, Celo, Fuse, OKEx, Heco and Palm

#2 Pangolin Exchange

With Pangolin Exchange, users can:

  • Trade - buy and sell crypto tokens
  • Provide liquidity - users can get LP tokens and earn percent of the trading fees. Also, those LP tokens can be staked, in order to earn PNG rewards
  • Stake - users can stake PNG and earn APR rewards

Supported networks: Avalanche

#1 Trader Joe

Trader Joe is currently the biggest DeFi platform, operating on Avalanche, where users can:

  • Trade - buy and sell crypto tokens
  • Provide liquidity - users can get LP tokens and earn percent of the trading fees. Also, those LP tokens can be staked, in order to earn JOE rewards
  • Stake - users can stake crypto tokens and get additional bonuses
  • Lend/Borrow - users can lend their crypto assets and earn rewards

Supported networks: Avalanche

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S1mple Finance
S1mple Finance

S1mple Finance is a next generation DeFi project, which will allow web3 users to access all the DeFi features in one place (trading, liquidity farming, staking, nft and much more)


S1mple Finance
S1mple Finance

S1mple Finance is a next generation DeFi project, which will allow web3 users to access all the DeFi features in one place (trading, liquidity farming, staking, nft and much more).

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