In the popular lend-and-borrow system, users deposit cryptocurrency into smart contracts based on the DeFi protocol and then lend them out to borrowers who expect regular interest payments, which can be daily, monthly or yearly, depending on the situation. Lending & Borrowing Tokens have a total market cap of $3,196,988,233 and a total trading volume of $329,737,826 in the last 24 hours.
Note: This list is sorted by market capitalization from lowest to highest
Equalizer (EQZ)
- Price unit: $0.03385
- Market Cap: $1,269,118
- Notable Features: The Equalizer intends to become the core element of DeFi, stabilizing and balancing the decentralized markets and strengthening DeFi. Moreso, a foundational tool for DeFi that can be applied to and integrated with other DeFi-related goods and services.
equalizer is the next generation flash lending marketplace, a specialized platform that connects liquidity sources and borrowers. On the one hand, they reward LPs for putting their money in safe havens by giving them additional tokens that they earn from the interest on the flash loans on offer.
The LPs are also automatically enrolled in their yield farming program, which aims to encourage long-term sources of liquidity. While lenders provide borrowers with a variety of liquidity pools (vaults) that offer more benefits than any other market competitor, including reduced costs, a larger selection of tokens, a minimum level of available liquidity, reliability in all market conditions, and availability across different chains.
The equalizer token, labeled EQZ, will be used as a utility token to fuel platform growth and allow access to various services provided by the platform.
Exchange: EQZ is currently trading live on KuCoin.
BendDAO (BEND)
- Price unit: $0.01034
- Market Cap: $3,967,339
- Notable Features: BendDAO’s one-stop NFT liquidity solution provides clients with a complete closed-loop by allowing them to pay, borrow, and list at the same time.
Users can participate BendDAO as a depositor or borrower in a decentralized, non-custodial, NFT-backed borrowing and lending system. Depositors fund the loan pool with ETH to generate passive income, while borrowers can instantly borrow ETH from the loan pool using NFTs as collateral.
NFT holders/sellers can choose to receive up to 40% of the minimum offer value before it is even sold. The instant NFT-backed loan actually offers instant liquidity. After the transaction, the buyer pays off the debt including interest.
Existing borrowers can easily list the collateral on the BendDAO. After the transaction, the balance remaining after deducting debt and interest is handed over to the borrower (seller).
Exchange: BEND is currently trading live on BingX, CoinW, MEXC, XT.COM and BKEX.
Inverse Financing (INV)
- Price unit: $72.64
- Market Cap: $6,795,039
- Special Features: DOLA Borrowing Rights allows you to borrow DOLA at a fixed rate for an indefinite period and benefit from providing liquidity to a trading pair on Curve, Convex, Balancer and other platforms.
Inverse Funding is a positive-sum DeFi platform focused on cross-chain stablecoin DOLA and INV governance token.
Inverse Finance is a cryptocurrency enthusiasts group organized as a Decentralized Autonomous Organization (DAO) and was founded on December 26th, 2020.
Using blockchain smart contract technology, Inverse DAO manages and develops a range of permissionless and decentralized financial instruments. The code base is open source and maintained by the community. According to information on the website, Inverse Finance DAO is running with unparalleled transparency on how it operates and governance, with $46.73M in DOLA in circulation and $20.76M in total value locked.
Exchange: NIV is currently trading live on Gate.io, Coinbase Exchange, MEXC, CoinEx and Balancer (V2).
Disclosure: This is not trading or investment advice. Always do your research before buying cryptocurrencies or investing in projects.
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