Hello steemians:

Greetings to you all and hope you all had a wonderful day,it another interesting lecture by our eligible crypto professor @yahon2on that you wouldn't want to miss, so I have leant and this is my proof with my homework tasks, five questions were given to briefly explain all.question given to explain.

• Maker
• Compound
• Synthetix
• bZx
• Uniswap
  
  Source
  Explanation:

MAKER:

Maker is a decentralized credit platform on Ethereum that supports Dai, a stablecoin whose value is pegged to USD. Anyone can use Maker to open a Vault, lock in collateral such as ETH or BAT, and generate Dai as debt against that collateral and its a permissionless lending platform responsible for the creation of DAI, the first decentralized stablecoin, built on Ethereum. For those unfamiliar with Maker, the platform allows any user to autonomously take out a loan (denominated in Dai) by staking digital assets such as ether (ETH) as collateral.

COMPOUND:

Compound is an ethererum project that focuses on allowing borrowers to take out loans and lenders to provide loans by locking their assets into the protocol.Like most Dec uentralized Finance (DeFi) protocols, Compound is a system of openly accessible smart contracts built on Ethereum.

SYNTHETIX:

Synthetix is an Ethereum-based protocol for the issuance of synthetic assets. Corresponding to original legacy finance, synthetic assets are financial instruments in the form of ERC-20 smart contracts known as “Synths” that track and provide the returns of another asset without requiring you to hold that asset. Synths uses decentralized oracles, which are smart contract-based price discovery protocols, to track the prices of the assets represented, allowing you to hold and exchange Synths as if you actually own the underlying assets.

BZX:

is a protocol for tokenized margin trading and lending. It is a financial primitive for shorting, leverage, borrowing, and lending that empowers decentralized, efficient, and rent-free blockchain applications.

uniswap:

Uniswap is a leading decentralized crypto exchange that runs on the Ethereum blockchain. The vast majority of crypto trading takes place on centralized exchanges such as Coinbase and Binance.
conclusion: I hope I have been able to break down the brief meaning of the home work task give and hope it will help those who are illiterate on this topic.

Special thanks to @yohan2on tasks professor and to all our eligible steemcurators
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