The DeFi ecosystem has revolutionized finance, allowing loans without intermediaries through smart contracts. On Binance, you can invest in several of these protocols, providing opportunities to generate passive income or leverage capital.
Below, we present the most well-known protocols available on Binance, sorted by popularity and market use.
1. Aave (AAVE)
Type: Lending and Savings Protocol
Popularity: 🔥🔥🔥🔥🔥
Advantages: High liquidity, support for multiple assets, stable or variable interest rates.
Opportunity: You can lend your crypto assets and earn interest or borrow using your funds as collateral.
2. Compound (COMP)
Type: Lending and yield platform
Popularity: 🔥🔥🔥🔥
Advantages: Transparent, simple, and one of the first in DeFi.
Opportunity: You earn interest automatically when depositing tokens in pools.
3. Venus (XVS)
Type: Lending and stablecoins on Binance Smart Chain
Popularity: 🔥🔥🔥
Advantages: Fast, low gas cost, native to BNB Chain.
Opportunity: Interesting for those looking to operate within the Binance ecosystem.
4. JustLend (JST)
Type: Lending platform on the Tron network
Popularity: 🔥🔥
Advantages: Fast transactions and low fees.
Opportunity: Access to loans and yields on the Tron network from Binance.
5. TrueFi (TRU)
Type: Uncollateralized loans (reputation-based)
Popularity: 🔥
Advantages: Innovative uncollateralized loan model.
Opportunity: High reward, although with greater risk.
Conclusion
Investing in DeFi lending from Binance is an accessible option for users who want to earn returns without selling their assets. Aave and Compound lead in security and adoption, but platforms like Venus and JustLend stand out for low fees and ease of use.
As always, before investing, assess the risk, liquidity, and reliability of the protocol.
$AAVE $COMP $XVS
