Chain Tools
Discover quality Web3 tools and DApps
Uniswap
Leading decentralized exchange for token swaps
Aave
Decentralized lending and borrowing protocol
1inch
DEX aggregator for best swap prices
Curve
Stablecoin-focused AMM with low slippage
Lido
Liquid staking for Ethereum and more
Compound
Algorithmic money market protocol
MakerDAO
DAI stablecoin and lending protocol
GMX
Decentralized perpetual exchange
PancakeSwap
Leading DEX on BNB Chain
SushiSwap
Multi-chain AMM and DeFi platform
Balancer
Automated portfolio manager and DEX
EigenLayer
Ethereum restaking protocol for enhanced security
Frequently Asked Questions
DeFi (Decentralized Finance) refers to financial services built on blockchain technology that operate without traditional intermediaries like banks. It includes lending, borrowing, trading, and earning interest on crypto assets.
DeFi risks include smart contract vulnerabilities, impermanent loss in liquidity pools, market volatility, and potential rug pulls. Always do your research and only invest what you can afford to lose.
To start with DeFi: 1) Set up a crypto wallet like MetaMask, 2) Purchase some ETH or other crypto, 3) Connect your wallet to a DeFi platform, 4) Start with simple swaps before trying advanced features.
TVL (Total Value Locked) represents the total amount of assets deposited in a DeFi protocol. It's a key metric for measuring a protocol's popularity and security level.