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 Solana network.

#3 Orca

Orca is a decentralized exchange, built on Solana, where users can:

• Trade - buy and sell crypto
• Provide liquidity - users can provide liquidity and stake those LP tokens, in order to earn ORCA rewards

Supported blockchains: Solana

#2 Mean Finance (MeanFi)

Mean Finance is a permissionless and trustless bank, where users can:

• Trade - buy and sell crypto
• Transfer - users can send money to everyone

Supported blockchains: Solana

#1 Raydium

Raydium is a Solana based AMM, where users can:

• Trade - buy and sell crypto
• Provide liquidity - users can provide liquidity and stake those LP tokens, in order to earn RAY rewards
• Stake - users can stake RAY and earn RAY rewards

Supported blockchains: Solana

Join our community

Twitter - https://twitter.com/ChainStatss 

Discord - https://discord.gg/BmxfSvKubV