Defi, decentralized finance, is one of the hottest topics in crypto. Meltem Demirors, Chief Strategy Officer of CoinShares, an digital asset investment firm, recently posted a full breakdown of DeFi at this point in time. These are a few of the key insights:
DeFi Lending and Borrowing Rates
Maker and Aave market share battle
On the day the article was posted, Maker (MKR / DAI) held over 30% market dominance via Defi Pulse:
However, this has shifted in favor of Aave (LEND):
Note that the amount locked in USD has almost doubled in the last month.
Companies with which to gain leverage
- Coinshares - DGLD, Digital gold product
- Figure - Digital home equity lines of credit
- Shuttleone - Letters of Credit using Maker Dai
- Centrifuge - Platform to turn any assets into tokens, including NFTs, non-fungible tokens
What we need for the Future
- Black box credit score calculation
- New credit scoring models
- Progressive credit scoring
- Credit scoring data network
This story originally appeared on BlockchainBeach.com. You can read it at https://www.blockchainbeach.com/coinshares-outlines-the-current-state-of-defi/