DeFi Tokens 2020


COMP token is an ERC 20 asset pegged token which runs on ethereum network. Created by COMPOUND- In defi terms compound is a market money or lending protocol. Users who have Compound Governance Token are authorized to vote for suggestions, debates, and implement the changes inside the network through the compound governance dashboard

If you supply or lend DAI tokens, (DAI is a stable coin) to compound, you will receive the relevant cDAI tokens as rewards, whereas the cDAI tokens will represent the DAI you have lended and the interest you have earned through lending. cDAI tokens are available to be used in other smart contracts too.

Recently Compound’s COMP token went live for trading, and it has overtaken one of the leading lending protocol Maker. COMP has become the largest defi token by market cap with the rising price of 60% in one day.

Market Cap : $637,686,274
Total Supply: 10,000,000 COMP
Explorers – etherscan.io, ethplorer.io

Maker – MKR

Maker is also a leading lending protocol, which was responsible for the creation of DAI – A stable coin. MKR Tokens also provides users to delegate votes for new changes, suggestions, inside the maker DAO network through Maker Voting Dashboard. Maker can be also known as Multi collateral DAI System, which allows users to create DAI by leveraging the assets or collateral approved by the maker governance team. 

Market Cap : $437,680,595
Total Supply : 1,005,577 MKR
Explorers : etherscan.io, ethplorer.io, blockchair.com 

0x Protocol – ZRX 

It is a liquidity protocol used to provide liquidity services for various decentralized exchanges. 

Creators : 0x.org
Market Cap : $282,789,023
Explorers : etherscan.io, ethplorer.io, blockchair.com
Total Supply: 1,000,000,000 ZRX

Kyber Network – KNC Token

KNC is the native token of Kyber.Network – A DEX platform, KNC will be burned by the collected fees from the exchange.

Market Cap: $327,511,105
Explorers : etherscan.io, ethplorer.io, blockchair.com
Total Supply: 210,623,056 KNC

Learn more at bitdeal : Top 10 DeFi Tokens & Trends To Watch Out In 2020


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