Hello all my steemian friends
How are you all?
Hopefully you will always be healthy and be able to do your usual activities with enthusiasm.
For the task I am working on, I will be interesting, because the assignment given by Professor @yohan2on is about DeFi which I have wanted to study for a long time, and I am very interested in reviewing some of the DeFi DApps which are the topic of discussion this time are:
(1)Maker
(2) Compound
(3) Synthetix
(4) bZx
(5) Uniswap

1. Maker

Maker is an application that is the founder of the DAI token, which is a decentralized stablecoin built on the Ethereum platform. What you need to know is that a maker is a place that provides loan access to its users by using digital assets as collateral. The digital assets it uses can be any cryptocurrency. What's more, all loans that occur on this platform are not controlled by humans but have entered the Blockchain system.

Coded Makers (MKR) are used as governance tokens and others to pay stability fees. It is also sold to ensure the price of the DAI Token which is a stable coin can also be in the ratio of 1: 1 to the US dollar.

2. Compound

Compound is an application that is included in DApps which is useful for users to generate interest through their deposits and request loans. Compound is also in the Ethereum Blockchain ecosystem.

source

The purpose of making Compound is to offer asset lending facilities where loan users and borrowers are required to hold their crypto assets into this Compound protocol. The assets that can be traded are Ethereum or several tokens, namely: Ether (ETH), DAI, BAT and REP.

3. Synthetix

Synthetix is an Ethereum-based protocol that is responsible for issuing synthetic assets. Synthetic assets are actually financial instruments in the form of an ERC-20 smart contract. Synthetic also supports other synthetic commodities like gold, silver, etc.

source

Because Synthetix is a protocol on the Ethereum Blockchain, we can also make deposits on other DeFi platforms without having to Synthetix because everything is under the Ethereum Blockchain. We can make our deposits on Uniswap and other DeFi DApps which are in the Ethereum Blockchain based protocol.

4. bZx

Built as a stablecoin, Synthetix is a decentralized platform on Ethereum for the creation of Synths: on-chain synthetic assets that track the value of real assets. Synthetix was renamed and expanded in scope before launching on the mainnet in February 2019, and Synthetix supports more than 20 synthesizers representing fiat currencies, commodities (for example, gold and other minerals), and crypto assets. Stocks, indices and other derivatives.

Upon its arrival in 2019, Synthetix provided its users with real asset value calculations, became a platform that could represent assets and make it available to those working with crypto.

5. Uniswap

Uniswap is a decentralized application that plays a role in the Cryptocurrency exchange process, crypto assets that can be exchanged are between Ethereum Coins (ETH) and several ERC-20 tokens. It's also important to mention here that uniswap is one of the most popular decentralized exchanges we do today. At Uniswap, the pricing algorithm always plays an important role in determining the price of the asset in question. This implies that unlike other exchanges, uniswap does not control user funds.

Conclusion

In my opinion DeFi DApps is a very good breakthrough in the crypto world, because indeed with advancing technological developments, the crypto world must continue to develop and the result is DeFi DApps which I have explained above and we as people who are in the crypto world are strongly encouraged to learn things -that is new like this DeFi DApps.

CC:
@yohan2on
@steemitblog
@steemcurator01
@steemcurator02