DEFI

DeFi smart contracts are used to build decentralized financial applications, such as decentralized exchanges (DEXes), lending protocols, and yield aggregators.

• Lending and borrowing: These contracts allow users to lend and borrow assets, typically through a pool of liquidity. Examples include Aave, Compound, and MakerDAO.

• Decentralized exchanges (DEXes): These contracts allow users to trade assets without the need for a central authority. Examples include Uniswap, SushiSwap, and PancakeSwap.

• Yield aggregators: These contracts help users maximize their returns on their crypto assets by automatically investing them across different lending and DEX protocols. Examples include yearn finance and convex finance.

• Derivatives: These contracts allow users to speculate on the future price of assets. Examples include Synthetix and dYdX.

• Asset Management: These contracts allow users to invest in and manage a diversified portfolio of crypto assets. Examples include Set Protocol and Index Coop.

• Insurance: These contracts allow users to purchase insurance against losses due to hacks, scams, and other events.