DeFi Tokens and trends

Top 10 Defi Tokens
and Trends

What are Defi Tokens?
DeFi tokens are mostly ethereum tokens, they may be asset
pegged, fiat pegged, crypto pegged or whatever. DeFi tokens
are end user entities which will act as a medium for users/
Traders/Customers or investors to take a vital part and
experience the financial services in a newly created DeFi
application.
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DeFi Token Trends 2020

“COMPOUND DAI - COMP Token
COMP token is an ERC 20 asset pegged token which
runs on ethereum network. Created by COMPOUND-
In defi terms compound is a market money or
lending protocol.
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“Maker - MKR
Maker is also a leading lending protocol, which was
responsible for the creation of DAI - A stable coin.
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“0x Protocol - ZRX
It is a liquidity protocol used to provide liquidity services for
various decentralized exchanges.
Creators : 0x.org
Market Cap : $282,789,023
Explorers : etherscan.io, ethplorer.io, blockchair.com
Total Supply: 1,000,000,000 ZRX
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“Kyber Network - KNC Token
KNC is the native token of Kyber.Network - A DEX
platform, KNC will be burned by the collected fees from the
exchange.
Market Cap: $327,511,105
Explorers : etherscan.io, ethplorer.io, blockchair.com
Total Supply: 210,623,056 KNC
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“Synthetix - SNX Token
It's a derivative protocol backed by its native token SNX.
Recently Binance has listed SNX tokens for trading.
To mint derivatives(Synths) users have to stake a
minimum of 750% of Synths in the Value of SNX.
Creators : Synthetix.io
Market Cap : $387,277,440
Explorers : etherscan.io, ethplorer.io, blockchair.com
Total Supply: 190,075,446 SNX 8

“UMA- UMA Token
UMA is also a derivative protocol backed by its native token
UMA. This protocol is used for the creation of
permissionless synthetix assets.
Creators : umaproject.org
Market Cap : $112,547,696
Explorers : etherscan.io, ethplorer.io
Total Supply: 100,224,817 UMA
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Read more here
Top 10 DeFi Tokens & Trends To Watch Out In 2020
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