Decentralized Exchanges (DEXs). DEXs work by using smart contracts and on-chain transactions to reduce or eliminate the need for an intermediary.

Armor is the first insurance aggregator for DeFi. Leveraging the underwriting capability of Nexus Mutual, it offers pay-as-you-go insurance products and the ability to buy insurance covers without KYC. Users who do not want to undergo KYC or cannot purchase cover due to Nexus Mutual’s geographical restrictions can obtain coverage through Armor.

The idea behind the creation of Synths is similar to the creation of DAI on Maker. You first have to stake ETH as collateral on Maker’s smart contract before being allowed to create DAI based on the collateral posted. For Synths, you first need to stake the Synthetix Network Token (SNX), which acts as the collateral backing the entire system. SNX

What are Options? There are two kinds of options: Call and Put. A Call option is a right, but not the obligation to purchase an asset at a specific strike price within a particular period of time. On the other hand, a Put option is a right, but not the obligation to sell an asset at a specific strike price within a particular period of time. For

In DeFi, some projects have started to allow passive fund management to occur in a decentralized manner. The transparency of DeFi makes it easy for users to track how their funds are being managed and understand the cost they will be paying.

Tether (USDT) pegs itself to $1 by maintaining reserves of $1 per Tether token minted. While Tether is the largest and most widely used USD stablecoin with daily trading volumes averaging approximately $113 billion in March 2021, Tether reserves are kept in financial institutions with little oversight, thus users will have to trust Tether as an

many teams worldwide are hard at work trying to improve the experience. Have a look at some of them and the aspects they are attempting to solve: Wallet - Argent is creating a radically better user-focused crypto wallet experience, with state-of-the-art security, native integration with DeFi Dapps such as Compound and others, as well as not needing

DAI Savings Rate (DSR) The DAI Savings Rate (DSR) is the interest earned by holding DAI over time. It also acts as a monetary tool to influence the demand of DAI. The DSR rate is set at 0.01% as of April 2021.

Nsure Network is a decentralized insurance project that borrows the idea of Lloyd’s of London, a marketplace to trade insurance risks. Prices for premiums are determined using a Dynamic Pricing Model where capital supply and demand jointly determine the premiums, similar to the free market’s pricing mechanism.