Open Lending Protocol (Open Lending Protocol): This protocol allows users to loan an asset by pledging another asset as collateral. After some time has passed, the lender will receive the principal with the same interest rate as the original agreement.
Derivatives (Derivatives): A type of product other than Defi, derivative contracts can be applied to tokens/coins denominated in another asset, as well as security risks of various types in decentralized prediction fields.
A Decentralized Exchange (DEX) is a crypto currency exchange that does not hold users' coins or tokens; instead, users hold their coins or tokens completely and conduct exchanges and transactions through a network of peers known as P2P or peer-to-peer.
Decentralized Payments Platform: A payment platform is an interesting application of decentralized finance because it offers products that are compatible with all tokens in the blockchains. Defi products have attempted to make micropayments more efficient and less expensive, thereby improving the scalability of Blockchain networks.
Decentralized stablecoins (Stablecoins): These are cryptocurrencies designed to maintain stability. As we all know, the cryptocurrency market is characterized by volatility (volatility); investors can transfer their assets to stablecoins at the same time when the market is highly volatile rather than having to move. must be exchanged for fiat currency