How are you steemians?
I hope we will always be in a healthy condition during a pandemic like now. I will do the assignment given by @yohan2on whose task is related to DeFi DApps, as for the DApps which are the topics of our discussion this time is:

1. Maker
2. Compound
3. Uniswap
4. bZx
5. Synthetix

MAKER

Maker or the abbreviation MKR is a cryptocurrency in the form of a token originating from the MakerDAO platform. It is a non-centralized system, does not depend on any authority, and the decisions are determined by the software or by the votes of the participants. Maker is a smart contract creation platform that runs on the Ethereum network.

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The purpose of making Maker is to assist in balancing DAI Tokens. MKR was launched by the system to keep the DAI value equal to the US dollar.

COMPOUND

Compound is a platform that aims to make loans. It is a platform where you can lend or borrow cryptocurrency. As long as you have an Ethereum wallet, some funds, and you can borrow immediately or earn interest.

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Many people are attracted to this compound because of the ease in carrying out all borrowing and lending transactions, and all these transactions are carried out directly between the two parties without any interference from other people's hands.

UNISWAP

Uniswap is a decentralized exchange system that functions on the Ethereum blockchain just like the other tokens I have explained above. This token was founded in 2018. With Uniswap, tokens are based on Ethereum and ERC-20 and are exchanged with each other. For example, you can exchange BAT for DOT tokens. We need a wallet to access decentralized exchanges.

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bZx

This token is a project that runs on the Ethereum blockchain and is based on DeFi. this project is almost the same as Compound which is engaged in lending and borrowing and the stock market. However, it has its own uniqueness.

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The uniqueness in question is that we can do Margin Trading on this bZx. because one of the goals of the bZx project is to provide these margin transactions via a decentralized structure.

SYNTHETIX

Synthetix is an ETH-based protocol project for the issuance of synthetic assets. Synthetic assets are financial instruments in the form of ERC-20 smart contracts known as Synths that track and provide returns on other assets without requiring you to hold onto those assets. You can trade Synths in cryptocurrencies, stocks, and real-world assets like gold, silver, oil, etc.

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The original Synthetix token, the Synthetix Network Token (SNX), is used to provide guarantees for the published Synth. Synthetix works on a decentralized protocol which is a smart contract-based pricing protocol, to find an asset price that represents you to hold and exchange Synths as if you actually own the asset. It provides exposure to assets that traders can trade quickly and smoothly.

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Thank you for reading my article, hope it will be useful for you. See you in the next article !!

CC:
@yohan2on
@steemitblog
@steemcurator01
@steemcurator02