DeFi Projects with the Most Use Cases

The Defi space has been growing fast over the past few years. When writing, TVL for Defi was over $210 billion. New Defi projects launch with different promises every month. Some offer services like lending, exchanging, and staking to the average investors. While most Defi projects launch offering only one benefit or use, others have multiple real applications. Investors need to know the Defi projects with the most use cases. This guide will explore 4 Defi projects with the most use cases for the investors. Keep reading. Chainlink Chainlink is the Defi project with the most use cases. This Ethereum-based Defi platform facilitates the transfer of real-world off-chain data to Blockchain contracts. In simpler terms, Chainlink is an Oracle network based on the Ethereum chain. This tool serves dozens of tasks to many different Defi platforms as an Oracle network. Among them include; Dex and Defi. The Defi space depends vastly on oracles to get correct real-world data. Lending and borrowing platforms, for instance, need to get accurate data feeds from Chainlink. Stablecoins. Stablecoins need to accurately track the value of their underlying assets to keep their peg. By using Chainlink, stablecoins maintain the integrity of their reserve ratios. On-chain reserve monitoring. This is specifically to deal with wrapped cryptos like Wrapped Bitcoin WBTC. Chainlink monitors the assets on both blockchains to ensure the WBTC tokens are fully...