You've already learnt how to earn from DeFi stablecoin staking as well as DeFi cryptocurrency staking in our previous articles. And today, we're introducing 3 new DeFi dapps that can upgrade your earning.
Ren - Liquidity, Unchained
Ren is an open protocol that enables the permissionless and private transfer of value between any blockchain. No worries about wrapping or unwrapping tokens, you can transfer any token between any blockchain!
Ren brings interoperability to DeFi, which directly enhances DeFi’s utility by adding more liquid assets to the Ethereum ecosystem. It serves as a plug-in tool for DeFi dapps and the existing smart contracts, so you can bring BTC, BCH, ZEC, ETH to your Ethereum dapp.
Its token Ren has an amazing performance. As the chart below shows, the price curve keeps an increasing trend in the last 30 days.
According to CoinGecko, the 30d increasing rate till now(29 June 2020) is 73.0%! Where will the token price go? Monitor the dapp data and price, catch your chance. You can also check the Top 9 DeFi Tokens here.
DeFlast - Instant Swap Collaterals on Compound
The interest rates in DeFi fluctuate from time to time, and you must always want to capture the higher interest rate. However, it is troublesome to do the token sell and buy in an exchange. Here is what you need.
If you connect your wallet to DeFlast, you are able to instantly swap collaterals on Compound. It’s powered by Aave’s flash loan and Uniswap. You can enjoy all in one transaction with 0 capital requirements. It helps you skip complicated steps and easily swap your collateral to higher saving rate assets.
This project is currently in Beta and supports 3 wallets: Metamask, Coinbase, and Ledger.
Swap.rate - DeFi Interest Rate Swap Tool
Do you feel it hard to calculate your cost and income when borrowing/lending crypto, since the interest rates in DeFi dapps are always changing? This new DeFi dapp will help you sort out the fixed rate! Swap.rate is a platform where you can hedge against or take advantage of the interest rate fluctuations in the DeFi lending and borrowing.
Then how does this work? You can fix your floating rate on your deposit or loan by entering into an interest rate swap, a special insurance contract that will pay out the difference between the promised fixed rate and the realized rate at the time of maturity.
Its Beta version supports DAI and USDC’s supply/borrowing rate in Compound and Aave.
