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DeFi on Ethereum Mainnet

Lending & Borrowing

  • Aave V3 Open-source, non-custodial liquidity protocol for earning interest and borrowing assets.
  • Sky Lending Decentralized stablecoin and lending protocol (formerly MakerDAO), issuing the USDS stablecoin.
  • Morpho Universal lending network connecting lenders and borrowers with permissionless vaults.
  • SparkLend Lending protocol built on Sky/Maker infrastructure.
  • Maple Onchain asset manager offering institutional digital asset lending and yield products.
  • Compound V3 Algorithmic, autonomous interest rate protocol.
  • Fluid Unified lending and DEX protocol built by Instadapp.
  • Euler Modular lending protocol with permissionless market creation and customizable risk parameters.
  • Liquity V2 Immutable borrowing protocol for minting BOLD stablecoin against ETH with user-set interest rates.

DEX

  • Uniswap Decentralized trading protocol for automated liquidity provision.
  • Curve Exchange liquidity pool optimized for efficient stablecoin and pegged-asset trading.
  • PancakeSwap Multichain decentralized exchange with AMM pools, originally built on BNB Chain and expanded to Ethereum.
  • Balancer Programmable liquidity protocol enabling weighted pools and customizable AMM strategies.
  • CoW Protocol MEV-protected trading protocol using batch auctions for optimal settlement.
  • 1inch DEX aggregator that sources liquidity across multiple decentralized exchanges for optimal swap rates.
  • SushiSwap Multichain decentralized exchange with AMM liquidity pools and cross-chain swap routing.
  • Maverick Protocol AMM with dynamic liquidity distribution that automatically moves liquidity as prices change.
  • KyberSwap Multi-chain DEX and aggregator providing optimized token swaps across 420+ liquidity sources.
  • DODO Decentralized exchange powered by Proactive Market Maker algorithm for capital-efficient trading.
  • Velora Cross-chain DEX aggregator (formerly ParaSwap) with intent-based trading and MEV protection.

Derivatives

  • dYdX Decentralized perpetual trading platform.
  • Synthetix Derivatives liquidity protocol providing on-chain exposure to a range of assets.

Liquid Staking & Restaking

Stablecoins & Basis Trading

  • Ethena Synthetic dollar protocol providing the crypto-native stablecoin USDe.
  • Falcon Finance Universal collateralization infrastructure generating yield through basis spread and funding rate arbitrage strategies.
  • Usual RWA-backed stablecoin protocol issuing USD0, backed by tokenized US Treasury Bills.
  • Resolv Delta-neutral stablecoin protocol issuing USR, fully backed by ETH with perpetual futures hedging.

RWA (Real World Assets)

  • Ondo Finance Institutional-grade tokenized real-world assets on-chain.
  • BlackRock BUIDL Tokenized USD institutional digital liquidity fund by BlackRock distributed via Securitize.
  • Tether Gold (XAUt) Gold-backed digital asset issued by Tether.
  • Paxos Gold (PAXG) Each token is backed by one fine troy ounce of London Good Delivery gold.
  • Centrifuge Infrastructure for onchain asset management, enabling tokenization and distribution of real-world assets.
  • Figure Markets Crypto exchange and RWA marketplace for tokenized real-world assets on Provenance Blockchain.

Bridge

Yield

  • Pendle Yield trading protocol enabling tokenization and trading of future yield.
  • Spark Liquidity Layer Automated liquidity provisioning layer that deploys USDS across DeFi protocols and chains within the Sky ecosystem.
  • Convex Finance Platform for boosting Curve LP rewards without locking CRV.
  • Aura Finance Yield booster for Balancer LPs, providing boosted BAL rewards and AURA incentives without locking veBAL.
  • Yearn Finance Yield aggregator that automatically optimizes DeFi yield strategies across multiple protocols.
  • Veda DeFi vault platform enabling protocols and applications to build cross-chain yield products via the BoringVault standard.
  • Sommelier DeFi vault protocol using off-chain computation to manage on-chain Cellar vaults for optimized yield strategies.

Infrastructure

  • Chainlink Industry-standard decentralized oracle network with LINK staking for cryptoeconomic security.
  • Safe Multi-signature smart contract wallet for secure on-chain asset management, used by DAOs and DeFi protocols.
  • Instadapp DeFi middleware protocol aggregating multiple protocols into upgradable smart contract accounts.

Insurance

  • Nexus Mutual Decentralized insurance mutual providing cover against smart contract failures and DeFi risks.