DeFi

5 of the Best DeFi Lending Protocols to Take Full Advantage of the Crypto Bull Market

Published

8 months ago

25 May, 2024

5 of the Best DeFi Lending Protocols to Take Full Advantage of the Crypto Bull Market

It’s no secret that crypto is currently in the midst of a multi-year bull market, with top assets such as BTC and ETH chasing all-time highs and most other tokens including memecoins , constantly getting stronger. It’s also no secret that there is never enough capital to buy every asset on your bull market wish list.

Lending protocols provide a solution to this problem, allowing DeFi users to deposit an asset, such as ETH or BTC, and borrow stablecoins, which can then be exchanged for other assets, whether they These include AI tokens, RWA assets or memecoins. When used responsibly, loans allow savvy DeFi users to maximize their earnings. They can benefit from increasing the value of their collateral while using their borrowed assets to make additional gains.

But the lending protocol you choose will dictate what assets you can deposit, how you can use your borrowed funds, the interest you pay, and the loan-to-borrow ratio you can maintain. Here are five of the best lending protocols that will give you the most bang for your buck.

Nolus

Nolus is a growing cross-chain lending protocol. There’s a respectable $3.3 million in TVL and $55 million in volume since its launch less than a year ago. Two things make Nolus ideal when operating in a bull market. First, there is its ingenious financing offer of up to 150% – 3 times the industry average – via its DeFi Lease product. This allows lenders to obtain the maximum available capital and thus obtain the maximum available return.

As for how Nolus achieves this without increasing the risk of liquidation, it is because the asset staked – the down payment – and the borrowed asset are combined to acquire the asset desired by the user. By pooling these sources, it is possible to access much greater capital than would otherwise be available. The second interesting thing about Nolus is that it does not fully liquidate the user’s position if it becomes undercollateralized. Instead, it administers a partial liquidation, providing ample opportunity to supplement collateral and minimize downside risk.

Aave

Aave needs no introduction to DeFi users, having established itself as a mainstay of the $36 billion DeFi lending industry. $20 billion of that total alone comes from Aave, whose multi-chain reach, robust security, and user-friendly interface have made it a favorite of everyone from minnows to whales. Over 160,000 native token holders can participate in on-chain governance, meaning Aave can also claim to be one of the most decentralized lending protocols on the market.

With eight supported networks, Aave offers familiarity, giving users confidence that they can rely on its proven protocol no matter which channel they choose to ply their trade. There are several ways to earn APY as an Aave user. You can deposit assets and earn interest on others’ loans; you can deposit your own assets and borrow a secondary asset, enjoying competitive interest rates; or you can bet AAVE and earn rewards for helping secure the protocol.

Kamino

Solana is the largest non-EVM chain for DeFi and memecoin trading and it naturally has its own protocols where lending is available. The main one is Kamino, which allows you to deposit or borrow native Solana assets, including USDC, SOL, and JUP. APYs are also attractive, offering plenty of incentives to those with spare cryptocurrencies to park for a double-digit passive yield.

One of the best things about Kamino is the range of assets it supports. In addition to Solana blue chips, it allows popular memecoins such as Wireless And BONK to use as collateral. This allows Solana users to reap the rewards of memecoin season while borrowing assets that can be used for other purposes, such as liquidity mining – or simply to buy more memecoins.

Compound

Compound is one of the oldest and most trusted DeFi lending protocols. Around $2.5 billion is currently deposited into its decentralized protocol and used to borrow around $900 million in assets. A number of EVM chains are supported including Polygon, Optimism, Base, Arbitrum and of course Ethereum. ETH and USDC can be borrowed and borrowing APRs are attractive.

One of the best things about Compound is that it has been integrated with many third-party platforms, including OKX, Binance, and Crypto.com. As a result, users of centralized crypto services can reap the rewards of Compound’s efficient and highly secure crypto lending protocol. Governance is provided by COMP holders, who can propose and vote on protocol upgrades.

YouHodler

YouHodler is a centralized platform that intersects with DeFi, whose lending and borrowing formula inspired its own service. Designed to promote the hodl mentality, YouHodler encourages users to avoid selling their crypto when possible and borrow against it – a strategy that can be profitable in a bull market. One of the most useful things about YouHodler is the large number of cryptos you can borrow against: anything in the top 50 by market cap is accepted.

YouHodler also has other unique features that make this CeDeFi platform worth considering. Like its offering of a market-beating 97% loan-to-value ratio. Or the fact that borrowed assets can be converted into fiat currency and withdrawn to a bank account. If you don’t want to sell your crypto but have a house to buy or a car to repair, YouHodler is a good choice.

If you want to borrow against your crypto assets for the long term, you need to choose a reliable lending platform and maintain a healthy collateral ratio, which can help make your digital assets work for you.

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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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