I am so happy to learn about Defi through the @yohan2on lecture. Now I understand about Decentralized Finance and it's use cases too.

In Decentralized Finance work on smart contract and open to all. There is no limitation, and not possible to identify who and where he sends.

One more important thing is less transaction fee. It attracting users to use this Defi ecosystem for their needs.

In Defi now we having a lot of platforms like Maker Compound, Synthetix, Uniswap and many more.

Question Number 1:-

About Maker:-

In Defipulse ranking Maker is in First place.

Through Maker Defi Platform we can lend and borrow without having any restrictions.

This platform run on using the ETHEARIUM network. Its stable coin is DAI.

Long term investors on lending their coins in this platform can earn good returns.

It's Website Address: https://makerdao.com/en/

In this platform DAI coin price fix to 1$.So in any market conditions our coin price not get any impact. So we can invest here for good returns. Because the price volatile of the coin does not get any impact here.

Here on keeping our ETH or BAT as collateral, we can earn DAI.

Here we can get up to 66% borrow money on our collateral coins.

Interest rates also reasonable. Anyone can interact with this system very easily. Open to all.

MKR is a MAKER platform governance coin. So MKR holders get citing rights on taking any important decision on this platform.

At present TVL of a maker is around 6B dollars.

Source

Question Number 2:-

Compound:-

In Defipulse ranking Compound is in second place.

Like Maker, it is also Decentralized money lending and borrowing platform against our collateral amount.

But here we can supply automatically and get interested immediately in our collateral amount.

Here are supplying amounts treated as tokens. Here we can borrow up to 50-75% money against our collateral.

This platform accepting BAT, DAI, SAI, ETH, REP, USDC, WBTC, and ZRX coins for lending or borrowing as per our needs.

Here no restrictions for lending or borrowing, anyone can access it at any time from any place too.

It's official website is

https://app.compound.finance/

Through we can access this platform.

At present, TVL is, check this image.

Source

Question Number 3:-

Synthetix:-

In the Defipulse ranking, it is in the seventh ranking.

It is something different from other Decentralized platforms.

This platform builds for synthetic assets or commodities like Gold, silver-like 30+ commodities on the Ethereum blockchain.

Its governance coin is known as Synths. We can buy or sell in Kwenta Dex.

Here we don't see any order book. All trades executed based on smart contracts. In this DEX along with Synths, we can also trade 13 other assets too. Like synthetic gold and silver, synthetic U.S. dollars, synthetic Australian dollars, synthetic Euros, and many more.

For knowing more details check it's the official website.

https://mintr.synthetix.io/

And It's Current TVL

Source

Question Number 4:-

bZx:-

In Defipulse it's rank around 44.

It is very different compare to compound and maker because along with lending, borrowing here we can do leverage trading up to 5X. This feature attracting huge investors now.

This platform governance token is BZRX.So holders of BZRX get voting rights too.

For trading use this website https://fulcrum.trade/

For lending and borrowing go here https://torque.loans/

Its official website link is https://bzx.network/

Present Total Value locked in bZx is

Source

Question Number 5:-

Uniswap:-

In Defipulse, It's ranking is 4. Most popular and Well know Decentralized platform.

By personally, I do some swapping here and having experience in this platform.

Here we can swap, provide liquidity, add liquidity anything will on interacting with Ethereum.

This platform is a fully decentralised on-chain platform for Tokens dealing in the Ethereum network. But here a lot of duplicate tokens also available on swapping must copy the token address from coingeko then import that address in UNISWAP, that's the good and best choice on doing swapping here. Otherwise, we lost our founds permanently. It is the main issue with this platform.

Here anyone can launch a new ERC 20 Token on providing liquidity very easily here. The market creator can possible to fix its launch price.

For each trade, we need to pay 0.3% as a trading fee. It's very high compare to Centralised exchanges. But possible to earn good returns in a short period. That's why a lot of investors and traders getting attraction to this platform.

It's official website link https://uniswap.io/

Current Total Value locked in this platform is.

Source

Hope I think I finish my all homework task. If any wrong can I make pls verify me.

Thanks for reading my post.