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> People are buying it now to run apps making money off of defi. Serious question - what does this actually mean? What defi apps are people running to make mon
by SmellTheGlove 5y ago
> People are buying it now to run apps making money off of defi.
Serious question - what does this actually mean? What defi apps are people running to make money besides minting other coins?
- scsilver 5y agoOne of the significant and first ones is compound. https://compound.finance/ https://compound.finance/ Uniswap being another https://uniswap.org/ https://uniswap.org/ A more comprehensive lost of ether based defi apps https://www.blocksocial.com/ethereum-defi-platforms/ https://www.blocksocial.com/ethereum-defi-platforms/ There are also other blockchain ecosystems with their own defi projects. In general, you have some cryto assets, you loan those to someone or some decentralized system that uses those assets to make money(like banks, financial institutions, and market makers).