Messari, a crypto research company, offers its users an analytics package for web3, NFTs and social tokens. Therefore, the company provides a summary report at the end of each year. In its latest report, attention was also drawn to the DeFi field and included DeFi altcoin projects that could mark the year 2022. Cryptocoin. com, in this article, we will talk about Messari’s definition of DeFi and the 7 altcoins he drew attention to.
Messari’s definition of DeFi and prominent DeFi altcoin projects
Several protocols have emerged in the ecosystem that call themselves DeFi tokens, even if they are not. That’s why Messari has set five requirements standards that every DeFi protocol should have: financial applications, permissionless, anonymous, non-custodial, and decentralized governance. In line with these definitions, the company announced the 10 DeFi protocols that will “take the leading role” in 2022 as follows:
- Dai (DAI): Users can borrow DAI currencies on Maker, a crypto-collateralized “peer-to-peer” lending platform.
- Uniswap (UNI): Uniswap is a decentralized exchange with an “automatic market maker” (AMM) at its core.
- Compound (COMP):Compound launched a whole new era in the DeFi industry when it announced “liquidity mining”. Deposits in Compound have increased 15 times in about 1.5 years.
- Curve (CRV):Curve is one of the most interesting new AMMs to hit the market. This platform introduced USDC and USDT, making DAI markets 10x more liquid for DeFi.
- Yearn Finance (YFI):Yearn Finance won the best DeFi protocol of the year award for bringing together all DeFi protocols.
- Aave (AAVE):“Flash loan” is one of the most interesting new DeFi initiatives, which allows the user to borrow an asset, distribute it in one transaction, and then return the loan in a single transaction.
- Chainlink (LINK): It came to the fore with oracles, middleware that connects blockchains to off-chain data sources.