What is DeFi?
DeFi, or Decentralized Finance, is an exciting alternative to traditional finance. It gives anyone, anywhere, access to new financial opportunities by lowering the barriers to entry. All you need is an internet connection, a wallet like Argent X, and some ETH - that’s it!
What can I do with DeFi?
The StarkNet ecosystem is full of exciting DeFi Dapps for you to explore that cover permissionless exchanges, lending and borrowing, and investment strategies.
Here are just some examples:
JediSwap
A community-led, fully permissionless, and composable automated market maker (AMM).
AMMs are fully decentralized and automated exchanges that rely on the community to provide tokens (liquidity) in liquidity pools, not buyers and sellers like traditional financial exchanges.
The price of the tokens is determined by an algorithm that automates price changes depending on market demand.
Website: jediswap.xyz
Sithswap
An alternative AMM, where users and contracts can trade uncorrelated and correlated assets with variable fees and extremely low slippage. SithSwap currently has a rewards system where users and projects can sponsor and earn weekly rewards to drive volume and liquidity to the AMM.
Website: sithswap.com
Fibrous Finance
Get the best and cheapest rates for token exchanges across all the StarkNet AMMs with Fibrous Finance and their routing algorithm.
Website: fibrous.finance
Alpha Road
A DeFi platform to allow users to use unique financial products in a secure, efficient and simple way by leveraging the benefits of StarkNet.
Website: testnet.app.alpharoad.fi
Nostra Finance
You can lend and borrow crypto assets without needing a trusted third party to act as an intermediary.
Website: nostra.finance
Yagi Finance
Deposit your ETH and other tokens into a Vault to earn automatic yield through various strategies deployed by Yagi Finance.
Website: yagi.fi/
You can discover more StarkNet DeFi Dapps and more on Dappland, the best place to find and explore the StarkNet ecosystem.
Risks
As always in crypto and DeFi, you should do your own research on the risks. These include smart contracts and the economics of the protocols.
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