Best Liquidity Pools to invest your Crypto from different DEXs
This is Mir from Bitcurate.
Total Value Locked in Decentralized Exchanges (DEXs) is 4.41 billion. Uniswap alone is dominating around 60% of the TVL! Curve Finance, Balancer, Sushiswap, etc. are also rocking!
But what are the best Liquidity Pools to invest your Crypto? Which pools have more ROI? Let's see the infographic below!
We believe that you are totally aware of the recent boom of DeFi. But for the people who are very new to this space, we want to share some wrap-ups!
A decentralized exchange (DEX) is a cryptocurrency exchange which operates in a decentralized way, without a central authority. There are two kinds of DEXs - order book-based DEXs and liquidity pool based DEXs. Order book DEXs like dYdX and dex.blue operate similarly to CEXs where users can place buy and sell orders at either their chosen limit prices or at market prices.
On the other hand, Liquidity pools, in essence, are pools of tokens that are locked in a smart contract. They are used to facilitate trading by providing liquidity. Users can buy or sell tokens instantly from the available tokens in the liquidity pool.
Have you downloaded our new FREE eBook 'DeFi 101 - Introduction to Decentralized Finance'.
After reading the ebook you can able to understand-
- What is DeFi? Why do we need DeFi? How does it work?
- Characteristics & Use Cases of DeFi
- Pathways to DeFi
- DeFi Wallets & Stablecoins
- Lending and Borrowing in DeFi
- Decentralized Exchanges (DEXs)
- Fund Management
- Insurance
- Liquidity Pools, Yield Farming, Flash Loans and
- Some Random DApps
Download DeFi 101 E-Book: - https://joinus.bitcurate.com/DownloadDeFi101
Thank you! If you have any suggestions or comments, please feel free to comment here or directly reach me on Twitter