For DeFi to be welcomed into mainstream adoption and become an alternative for real-world use cases, it has to solve for high execution costs, scalability, speed, and security. Otherwise, DeFi will not reach its potential in transforming economic systems.
Algorand provides the required decentralization, scalability, and security with a foundational network that has the built-in transactional speed and low fees to power a new wave of DeFi that is built for the future of finance.
A fast, low cost lending market on Algorand founded by Y Combinator and Citadel Alums. Algofi allows participants to earn yield on your crypto without depositing it in a bank or centralized custodian. Direct fiat on-ramping to non-custodial high yield savings account is available from Algofi as well. Read more >
The capital markets protocol for borrowing and lending built on top of the Algorand blockchain in order to expand beyond the wealthy minority that DeFi is currently serving on other platforms. Through the lending operations, Folks users can deposit liquidity and start earning a continuous economic return instantly. Through borrowing, users can request crypto loans by locking deposited funds as collateral. Read more >
Decentralized, secure trading protocol leveraging Algorand to create an open and safe marketplace for traders, liquidity providers and developers. Read more >
A decentralized prediction protocol on Algorand that is global, fast, and intuitive. Venue One is a non-custodial blockchain predictions exchange that empowers participants to take positions in sports, eSports, finance, events and more. Read more >
No-loss prize game on Algorand where participants can stake ALGO, receive YLDLY and have a chance to win weekly prizes - all through a weekly drawing overseen by Chainlink’s VRF (Verifiable Random Function). Read more >
An interoperability mechanism where participants can swap assets, leverage other chains and elevate their DeFi across chains. Yieldly connects Algorand to Ethereum, and vice versa. Going forward, the bridge will integrate a diverse set of blockchains specialised for different needs. Read more >
Decentralizing gaming by using Algorand to seamlessly allow users to transact with prediction and gaming platforms through a single medium of exchange. Read more >
Preeminent digital assets minter on the Algorand protocol, providing a bridge to mint a variety of assets bringing equity and usability to the ecosystem where assets are 1:1 backed and redeemable on demand. By utilising Algorand blockchain technology, assets (including Bitcoin) achieve ultimate velocity with minimal cost in transaction fees. Read more >