The rise of decentralized finance does not stop, and the tokens belonging to this segment of cryptocurrencies are among those that are benefiting the most in the bull run that we are witnessing. Do you want to invest in DeFi? Look at this article where you can learn how to do it from ProBit.
What are DeFi?
It comes from the abbreviation of the words Decentralized Finance, which is translated into Spanish as Decentralized Finance.
They are born thanks to the ability of blockchain technology to offer an environment where there is no need for intermediaries to carry out operations.
More precisely, they are derived from smart contracts, which make calls to the chain so that different operations are executed.
Thanks to this today we have a lot of decentralized applications, mainly working on the Ethereum network, where you can use Yield Farming services, staking, gambling, loans, decentralized exchanges, etc.
Advantages of using ProBit to invest in DeFi
Variety of projects available in one place
By accessing the ProBit exchange, you will have a list of more than 35 DeFi tokens at the click of a button, ready to be purchased with Tether US or Bitcoin.
By having all these projects in such an accessible way, you will be able to diversify your portfolio without major problem, being able to choose the best among such a wide variety.
With a daily volume of over $ 270 million per day, you don’t have to wait too long for your orders to be executed.
Of course, there are some DeFi tokens with greater volume than others, and consequently the difference between the purchase and sale price will be wider. However, the margins are not so great as to cause concern.
Probably the most important thing about trading DeFi tokens from ProBit. And is that due to the congested networks, mainly Ethereum, gas costs are extremely high.
When creating your DeFi wallet on this exchange, forget about having to deal with these high and annoying transaction fees. Open your positions and keep them on the exchange to take control with just a couple of clicks.
It is important to note that within ProBit you can have access to a wide variety of DeFi tokens, but not the decentralized protocol itself. For this, you must go to the official application of each project.
The most important decentralized projects
The largest token among the DeFi, thanks to a market capitalization of $ 13.897 million.
Although it is not specifically a platform for decentralized applications, the Chainlink chain is the main provider of oracles, a mechanism that is executed to give information from the outside world to the blockchain, and thus send a signal to smart contracts.
At the time of this writing, LINK is trading at $ 34.15, accumulating a profit of just over 2% in the last 24 hours.
Uniswap is the largest decentralized exchange, with a total locked value of $ 4 billion. UNI is the governance token of said platform, and thanks to a market capitalization of $ 6.43 billion, it is the 2nd largest among the DeFi.
At the time of this writing, UNI is trading at $ 21.36, accumulating a 1.31% gain in the last 24 hours.
It is the decentralized protocol with the highest value blocked, $ 6.6 billion. Maker is a platform for credits that do not depend on intermediaries to be executed.
MKR is the governance token of said platform, and it is currently trading at $ 2,540.30, with a gain of 1% in the last 24 hours.
We finished with Aave, the 2nd DeFi with the highest blocked value ($ 5.8 billion). Provides an open source environment for decentralized loans.
Aave also owns its own native token. It is currently trading at $ 491.27, and thanks to a capitalization of $ 6.085 million, it is the 4th largest in the DeFi segment.
How to buy DeFi ProBit tokens?
It is really easy to buy tokens within ProBit! Just register, deposit funds, access the “Exchange” section, and finally choose the token to buy from the “DeFi” section.
What are you waiting for to build your DeFi wallet using ProBit? Find the projects that you like the most and invest in them!