Top 6 DeFi projects to watch in 2020 🎯

[zasad@]

There are so many new DeFi projects that keep appearing, so I made a list of the top 6.

1. Maker DAO
2. UniSwap
3. Compound
4. Synthetix
5. Yearn Finance
6. Curve
..

After reading this article, I got the opinion that the article was written only for writing something.

There are many sites with ratings of defi projects
https://defipulse.com/
https://defirate.com/

But if we look at the prices of tokens or coins of the main projects, then we see that prices are falling
https://coinmarketcap.com/defi/
This tells us that we need to be very careful with investments in these projects.

[el kaka22]

I understand that defi world is doing much better than anyone ever anticipated and that is why people keep trying to find the next new defi, but that is not the way to get rich in the crypto world. If you want to continue with this method I can't stop you, but do not look at things just because they have a feature, anything could be a great return on your investment as long as it is done correctly and anything could be a horrible scam even if it looks like it has everything a popular project could want.

There could be some ICO done like the old days, or even an airdrop without any fund raising, and still could be great as long as they achieve what they set out to achieve, it may take longer but they could still be great, or it could be the most advanced looking incredible defi ever and still could turn out to be a scam.

[TimtheYoutuber]

Curve is looking great project as I today watched its daily volume on all top exchanges. it has great potential in near future. The founder and CEO of Curve is Michael Egorov, a Russian scientist who has various experiences with cryptocurrency-related enterprises.

I haven't used Curve but alot of people seem to really like it. One of the top projects for sure.

[JeffBrad12]

I don't think theses projects are so profitable. In my personal thought, we should avoid such kind of defi project because it is nothing but hype. We are in the last quarter of this year and we should focus on legit CryptoCurrency.

Oh god, you didn't even know if those are major projects. Even if you are staking your stable coin that will not be affected by the volatility and you can also still earn passive income from your staking coins.

These projects are very profitable and those who have bought this at the ico price have become millionaires.
You should try to do your own research. Crypto users know these projects so well.

[bluebit25]

I don't think theses projects are so profitable. In my personal thought, we should avoid such kind of defi project because it is nothing but hype. We are in the last quarter of this year and we should focus on legit CryptoCurrency.

Why can't you think about it?
as we all look to blockchain decentralized finance. Agree with you that there is overwhelming power here from projects, but since it has been profitable for investors, I think it has partly brought success. Soon after the big news from paypal, I think defi ideas from the blockchain market may be approached more. You can look at that in the future together

[Lrshohag]

Those project are already established as a good token in defi world. There are many scam defi project was in market which lose investor asset.
This table are best I think.

[trauchot]

Of course, everyone decides by himself which project to invest in, for example, from the very beginning I have been following DEGO and I think that this project has an incredible future and therefore I invested a lot of money in this project and I am waiting for this project to show itself completely and then I will fix good profit.

[TimtheYoutuber]

Those project are already established as a good token in defi world. There are many scam defi project was in market which lose investor asset.
This table are best I think.

Many DeFi projects are just forks without any audits and end up losing funds.




It's important to DYOR.

[TimtheYoutuber]

There are so many new DeFi projects that keep appearing, so I made a list of the top 6.

1. Maker DAO
2. UniSwap
3. Compound
4. Synthetix
5. Yearn Finance
6. Curve




Full Read: https://forrestvisions.com/blog/top-6-defi-projects-you-should-know-about/



What other projects are you guys interested in? If they are reputable ill add them.

a lot of current Defi projects are running at strong prices, none at all, almost all Defi projects, prices have been dumped, I think the current Defi project is no longer impressive for investors to invest in bzrx protocol, the current price is also below enough to make all Investors are panicking and it is evident that investors have gone to look for better investments because the current hype has ended.

There is certainly still hype for these projects, but yeah I think the majority is slowing down a little bit. We will see these Defi projects as a stepping stone for future projects that actually work.

[Cratoon]

Nice list!

I'd add $DAO $OCEAN and $DOT to it.

Alts are on the rising tide right now! Time to get rich on alts wile BTC takes a short break before the Christmas retail hype kicks in

[cryptoaddictchie]

I prefer DeFi coins which have big market cap like Chainlink, Uniswap, Maker DAO, etc,
market capitalization is very important to keep prices stable

Yeah it is. Actually the list are all good, among the list on the OP, I think uniswap has more room for growth. Since their platform has been used always, we can see that uni tokens can be of great used as governance tokens to develop more request and proposal on the network. I like the idea that they made governance tokens cause it can build a good relationship among all uniswap traders.

[Renampun]

DeFi hype is already over. Now people are taking more attention to legit crypto coins which are supported by PayPal.
as like Eth, LTC, BCH, beside to Bitcoin.

I agree with you a little, DeFi HYPE has started to dim...
when Bitcoin bulls like it are happening right now I see DeFi tokens barely moving at all. It is much better to invest in Bch, Ltc, monero, and dash which are likely bullish in the next few days.

[kpierce77]

Nice list, i'll stick on Yearn and curve. i liked both DeFi projects. only about 2 weeks ago the curve has just reached ATH, and I think there are many more to come with curves and also yearn finance, maybe for alternative uniswap is also quite good

[TimtheYoutuber]

Nice list, i'll stick on Yearn and curve. i liked both DeFi projects. only about 2 weeks ago the curve has just reached ATH, and I think there are many more to come with curves and also yearn finance, maybe for alternative uniswap is also quite good

I think these are the most popular, but I do see DeFi changing drastically. So maybe there will be new coins in the future in this space.



Don't get me wrong. 99% of DeFi projects are scams, but I think decentralized finance could pivot and become something that can change the financial industry eventually. I don't think we've seen it all in DeFi.

[target]

Nice list, i'll stick on Yearn and curve. i liked both DeFi projects. only about 2 weeks ago the curve has just reached ATH, and I think there are many more to come with curves and also yearn finance, maybe for alternative uniswap is also quite good

I think these are the most popular, but I do see DeFi changing drastically. So maybe there will be new coins in the future in this space.

Don't get me wrong. 99% of DeFi projects are scams, but I think decentralized finance could pivot and become something that can change the financial industry eventually. I don't think we've seen it all in DeFi.

The ones we thought are legit projects could also turn into a scam. We have yet not know when their developers are going to snap but while we are already investing in the projects, we might as well strike while the iron is hot.

Among the list, its Yearn Finance that I don't trust. Probably because I just wake up and it's already more than the price of what anyone will expect. I wonder why you are not listing the AAVE formerly LEND that started with the minimum price of less than a cent.

[royalfestus]

DeFi hype is already over. Now people are taking more attention to legit crypto coins which are supported by PayPal.
as like Eth, LTC, BCH, beside to Bitcoin.

We cant say its over cause of the price movement in the year was parabolic already in the unbelievable short time, If it did it before and it can do it again but maybe not all of them. 95% dump is huge in similar short period and some may be the type of correction we dont expect, all what might cause the FOMO is the recovery of 95% in short while then it we forget the antecedent. The fear will still be exit scam and hack for fund held with them

[TimtheYoutuber]

Nice list, i'll stick on Yearn and curve. i liked both DeFi projects. only about 2 weeks ago the curve has just reached ATH, and I think there are many more to come with curves and also yearn finance, maybe for alternative uniswap is also quite good

I think these are the most popular, but I do see DeFi changing drastically. So maybe there will be new coins in the future in this space.

Don't get me wrong. 99% of DeFi projects are scams, but I think decentralized finance could pivot and become something that can change the financial industry eventually. I don't think we've seen it all in DeFi.

The ones we thought are legit projects could also turn into a scam. We have yet not know when their developers are going to snap but while we are already investing in the projects, we might as well strike while the iron is hot.

Among the list, its Yearn Finance that I don't trust. Probably because I just wake up and it's already more than the price of what anyone will expect. I wonder why you are not listing the AAVE formerly LEND that started with the minimum price of less than a cent.

I'm interested in seeing where the future of the technology is headed. A lot of the projects are scams though, just like in the ICO phase.

[Sendi blackspade team]

I'm interested in seeing where the future of the technology is headed. A lot of the projects are scams though, just like in the ICO phase.

as happened in many ICO projects. when there are a lot of scammers then they will be forgotten and when there is a new system that can attract investors and is considered better, then all will make a new trend.

[qazgroup]

There are so many new DeFi projects that keep appearing, so I made a list of the top 6.

1. Maker DAO
2. UniSwap
3. Compound
4. Synthetix
5. Yearn Finance
6. Curve




Full Read: https://forrestvisions.com/blog/top-6-defi-projects-you-should-know-about/



What other projects are you guys interested in? If they are reputable ill add them.

I am excited about new version and new features of uniswap platform because uniswap is something that is very close to my own liking as i was personally looking for something like this for both instant trades as well as investment.

[durilup]

DeFi hype is already over. Now people are taking more attention to legit crypto coins which are supported by PayPal.
as like Eth, LTC, BCH, beside to Bitcoin.

I do not think DeFi hype is over . If it would over then we wouldn't see too much hype on crypto like it is now. About PayPal supporting legit coins I am not sure if you have 100% over your wallet through PayPal . I do not think they allow withdrawal of crypto from their platform