Decentralized finance opposes centralized financial structure and operations by ending complex fees and processes involving finance and dealing with zero middlemen. It employs the use of peer-to-peer transactions without the interference of a centralized banking system. Decentralized finance (DeFi) tokens currently have a massive total market capitalization of $42,760,345,238 and a total trading volume of $3,295,860,585.
Note: This list is sorted by market capitalization, from lowest to highest.
Reserve rights (RSR)
- Unit price: $0.004128
- Market capitalization: $174,989,793
- Distinct Features: Reserve rights are a safety net to compensate holders of reserve stablecoins (RTokens) in the unlikely event of a collateral token default.
Reserve rights (RSR) is an ERC-20 token that the reserve protocol will use to secure reserve stablecoins (RTokens) through staking and to control them by proposing and voting on configuration changes.
Reserve stablecoins are different from other stablecoins in that they are usually backed by a pool of cryptocurrencies controlled by smart contracts, as opposed to other stablecoins, which are usually backed by USD held in reserve in an account. banking under the control of the stablecoin. issuer or a reliable custodian.
Reserve rights also serve as a governance token for reserve stablecoins (RTokens), enabling proposal and voting on changes to RTokens with RSR.
Exchange: RSR is currently trading live on Binance, MEXC, CoinW, Bitrue, and OKX.
Solar SXP (SXP)
- Unit price: $0.2454
- Market capitalization: $124,380,594
- Distinct Features: Solar uses the Delegated Proof of Stake (DPoS) consensus architecture, which is one of its unique features. As a result, the Solar Blockchain is fully decentralized, efficient and sustainable.
A decentralized, community-based blockchain initiative called Solar works to build an environment with true governance, with SXP at the center of everything it does. The solar blockchain is a community environment with open source developers.
The Solar Blockchain (SXP) can compete with enterprise applications with a wide range of features and tools.
The Solar Blockchain provides the user with rich libraries and tools to create blockchain projects for various use cases.
- Decentralized applications
- Fungible and non-fungible tokens
Exchange: SXP currently trades live on Binance, MEXC, CoinW, BingX, and Bitrue.
Rocket Pool (RPL)
- Unit price: $19.03
- Market capitalization: $196,335,309
- Distinct Features: Node operators do not process funds. Any fines incurred by node operators are deducted from their revenue rather than from rETH holders.
For ETH2 staking, rocket pool, a decentralized Ethereum staking pool, offers up to 4.33% APR. Users can run their nodes with just 16 ETH or join the Rocket Pool, a decentralized network of node operators.
In the second scenario, they can receive a commission for staking ETH and additional RPL payments for providing RPL collateral.
Rocket Pool users can benefit from an increasing exchange rate rather than rebasing their staked collateral, which would be a taxable event. This is called liquid staking.
Rocket Pool also provides Smart Nodes, single node software that allows anyone to run a node on their network.
Exchange: RPL is currently trading live on MEXC, CoinW, XT.COM, Kraken, and BKEX.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in projects.
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