Week in DeFi: Lending Protocols Ship, a Bustling Cosmos and Proof-of-Innocence

A Complete Guide to Making Passive Income With Lending 

Breaking: Robinhood Lists SHIBA INU

Who Is Andre Cronje?

How Much Are People Paying to Use Crypto

## Τι Είναι το Compound (COMP);

Το Compound είναι ένα πρωτόκολλο δανεισμού [DeFi](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance) που επιτρέπει στους χρήστες να κερδίζουν τόκους για τα κρυπτονομίσματα τους καταθέτοντας τα σε μια από τις πολλές ομάδες που υποστηρίζονται από την πλατφόρμα.

Όταν ένας χρήστης καταθέτει token σε μια ομάδα Compound, λαμβάνει cToken σε αντάλλαγμα. Αυτά τα cToken αντιπροσωπεύουν το μερίδιο του ατόμου στην ομάδα και μπορούν να χρησιμοποιηθούν για την εξαργύρωση του υποκείμενου κρυπτονομίσματος που είχε αρχικά κατατεθεί στην ομάδα ανά πάσα στιγμή. Για παράδειγμα, με την κατάθεση ETH σε μια ομάδα, λαμβάνει cETH σε αντάλλαγμα. Με την πάροδο του χρόνου, η συναλλαγματική ισοτιμία αυτών των cToken προς το υποκείμενο περιουσιακό στοιχείο αυξάνεται, πράγμα που σημαίνει ότι μπορεί κανείς να τα εξαργυρώσει για περισσότερο από το υποκείμενο περιουσιακό στοιχείο που είχε αρχικά τοποθετήσει — έτσι κατανέμεται ο τόκος.

Από την άλλη πλευρά, οι δανειολήπτες μπορούν να λάβουν ένα εξασφαλισμένο δάνειο από οποιοδήποτε ομάδα Compound καταθέτοντας εγγυήσεις. Ο μέγιστος λόγος δανείου προς αξία (LTV) ποικίλλει ανάλογα με το περιουσιακό στοιχείο της εγγύησης, αλλά κυμαίνεται, επί του παρόντος, από 50 έως 75%. Το επιτόκιο που καταβάλλεται ποικίλλει ανάλογα με το δανεισμένο περιουσιακό στοιχείο και οι δανειολήπτες μπορεί να έρθουν αντιμέτωποι με μια αυτόματη ρευστοποίηση εάν η εγγύησή τους πέσει κάτω από ένα συγκεκριμένο όριο συντήρησης.

Από την κυκλοφορία του κεντρικού δικτύου Compound τον Σεπτέμβριο του 2018, η πλατφόρμα έχει εκτοξευθεί σε δημοτικότητα και πρόσφατα ξεπέρασε τα 800 εκατομμύρια δολάρια σε συνολική κλειδωμένη αξία.

### Ποιοι Είναι οι Ιδρυτές του Compound;

Το Compound ιδρύθηκε το 2017 από τους Robert Leshner και Geoffrey Hayes, οι οποίοι εργάστηκαν αμφότεροι στο παρελθόν σε ρόλους υψηλού προφίλ στην Postmates — μια διαδικτυακή υπηρεσία παράδοσης φαγητού. Οι δυο τους συνεχίζουν να κατέχουν εκτελεστικές θέσεις στην Compound Labs, Inc — την εταιρεία ανάπτυξης λογισμικού πίσω από το πρωτόκολλο Compound, με τον Leshner να υπηρετεί, επί του παρόντος, ως Διευθύνων Σύμβουλος, ενώ ο Hayes ως Τεχνικός Διευθυντής.

Αν και και οι δύο ιδρυτές έχουν εμπειρία στην ίδρυση επιτυχημένων εταιρειών, ο Robert Leshner, ειδικότερα, έχει συμβάλει ιδιαίτερα στην ανάπτυξη του χώρου του [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) και έχει επενδύσει δημόσια σε δημοφιλείς πλατφόρμες κρυπτονομισμάτων, συμπεριλαμβανομένων των Argent Wallet, Opyn και Blockfolio.

Η ομάδα του Compound αποτελείται τώρα από πάνω από δώδεκα άτομα — σχεδόν τα μισά από τα οποία εργάζονται ως μηχανικοί.

### Τι Κάνει το Compound Μοναδικό;

Σύμφωνα με το Compound, η πλειονότητα των κρυπτονομισμάτων βρίσκονται σε αδράνεια στις χρηματιστηριακές πλατφόρμες, χωρίς να κάνουν τίποτα για τους κατόχους τους. Το Compound αποσκοπεί στο να το αλλάξει με την ανοιχτή πλατφόρμα δανεισμού του, η οποία επιτρέπει σε οποιονδήποτε καταθέτει υποστηριζόμενα token Ethereum να κερδίσει εύκολα τόκους στο υπόλοιπό του ή να λάβει ένα εξασφαλισμένο δάνειο — όλα αυτά χωρίς ανάγκη εμπιστοσύνης.

Η διακυβέρνηση της κοινότητας του Compound το ξεχωρίζει από άλλα παρόμοια πρωτόκολλα. Οι κάτοχοι του εγγενούς token διακυβέρνησης της πλατφόρμας — COMP — μπορούν να προτείνουν αλλαγές στο πρωτόκολλο, να συζητήσουν και να ψηφίσουν εάν θα εφαρμόσουν αλλαγές που προτείνονται από άλλους — χωρίς καμία ανάμειξη από την ομάδα του Compound. Αυτό μπορεί να περιλαμβάνει την προσθήκη υποστήριξης επιλεγμένων κρυπτονομισμάτων, την προσαρμογή των παραγόντων παροχής εγγυήσεων και την πραγματοποίηση αλλαγών στον τρόπο διανομής των token COMP.

Τα token COMP μπορούν να αγοραστούν από χρηματιστήρια τρίτων μερών ή να κερδηθούν μέσω αλληλεπίδρασης με το πρωτόκολλο Compound, όπως η κατάθεση περιουσιακών στοιχείων ή η λήψη δανείου.

#### Σχετικές σελίδες:

Μάθε για το [Aave](https://coinmarketcap.com/el/currencies/aave/) — έναν από τους μεγαλύτερους ανταγωνιστές του Compound.

Διάβασε για το [yearn.finance](https://coinmarketcap.com/el/currencies/yearn-finance/) — ένα από τα πρώτα πρωτόκολλα εκμετάλλευσης απόδοσης.

Θέλεις να φρεσκάρεις τις γνώσεις σου σχετικά με τα κρυπτονομίσματα; Δες το [Alexandria του CMC](https://coinmarketcap.com/alexandria/).

Διάβασε το [Blog](https://blog.coinmarketcap.com/) μας για να μείνεις ενημερωμένος με τα τελευταία νέα και εκδηλώσεις του κλάδου.

### Πόσα Νομίσματα Compound (COMP) Υπάρχουν σε Κυκλοφορία;

Όπως συμβαίνει σε πολλά ψηφιακά στοιχεία, θα δημιουργηθεί ένας σταθερός αριθμός token COMP. Η συνολική προσφορά περιορίζεται στα 10 εκατομμύρια COMP και μέχρι στιγμής, λιγότερο από το ένα τρίτο είναι σε κυκλοφορία (~3,3 εκατομμύρια).

Από αυτά τα 10 εκατομμύρια token, λίγο περισσότερα από 4,2 εκατομμύρια token θα διανεμηθούν στους χρήστες του Compound σε μια περίοδο 4 ετών. Το δεύτερο μεγαλύτερο μερίδιο (σχεδόν 2,4 εκατομμύρια COMP) πηγαίνει στους μετόχους της Compound Labs, Inc, ενώ 2,2 εκατομμύρια token θα διανεμηθούν στους ιδρυτές της Compound και την τρέχουσα ομάδα με χρονοδιάγραμμα θεμελίωσης 4 ετών.

Τέλος, 775.000 COMP προορίζονται για κίνητρα κοινοτικής διακυβέρνησης και τα υπόλοιπα 332.000 token θα διατεθούν σε μελλοντικά μέλη της ομάδας.

Το ακριβές ποσοστό εκπομπής COMP υπόκειται σε αλλαγές με την πάροδο του χρόνου, καθώς οι ψηφοφόροι μπορούν να αυξήσουν ή να μειώσουν το ποσοστό εκπομπών περνώντας μια πρόταση μέσω της [κοινοτικής διακυβέρνησης](https://medium.com/compound-finance/compound-governance-decentralized-b18659f811e0).

### Πώς Διασφαλίζεται το Δίκτυο Compound;

Τα πάντα στο Compound διαχειρίζονται αυτόματα από [έξυπνα συμβόλαια](https://coinmarketcap.com/alexandria/glossary/smart-contract), τα οποία κόβουν cToken μετά την κατάθεση περιουσιακών στοιχείων [Ethereum](https://coinmarketcap.com/el/currencies/ethereum/) και [ERC20](https://coinmarketcap.com/alexandria/glossary/erc-20) και επιτρέπουν στους χρήστες του Compound να εξαργυρώσουν το μερίδιο που πόνταραν χρησιμοποιώντας τα cToken τους.

Το πρωτόκολλο επιβάλλει έναν παράγοντα εγγύησης για όλα τα περιουσιακά στοιχεία που υποστηρίζονται από την πλατφόρμα, διασφαλίζοντας ότι κάθε ομάδα έχει υπερεξασφάλιση ανά πάσα στιγμή. Εάν η εγγύηση πέσει κάτω από το ελάχιστο επίπεδο συντήρησης, θα πωληθεί σε εκκαθαριστές με έκπτωση 5%, καταβάλλοντας μέρος του δανείου και επιστρέφοντας το υπόλοιπο σε έναν αποδεκτό παράγοντα εξασφάλισης.

Αυτή η συμφωνία βοηθά στη διατήρηση των επιπέδων εγγυήσεων των δανειοληπτών, παρέχει ένα δίχτυ ασφαλείας για τους δανειστές και δημιουργεί μια ευκαιρία κερδών για τους εκκαθαριστές.

### Πού Μπορείς να Αγοράσεις Compound (COMP);

Το COMP είναι, επί του παρόντος, διαθέσιμο για διαπραγματεύσεις σε εκατοντάδες χρηματιστηριακές πλατφόρμες κρυπτονομισμάτων, συμπεριλαμβανομένων των [Coinbase Pro](https://coinmarketcap.com/el/exchanges/coinbase-pro/), [Binance](https://coinmarketcap.com/el/exchanges/binance/) και [Huobi Global](https://coinmarketcap.com/el/exchanges/huobi-global/). Μπορεί να διαπραγματευτεί σε ζεύγη με τα περισσότερα άλλα δημοφιλή κρυπτονομίσματα, καθώς και με μια σειρά παραστατικών νομισμάτων, συμπεριλαμβανομένων του δολαρίου ΗΠΑ (USD), της ρουπίας Ινδίας (INR) και του δολαρίου Αυστραλίας (AUD).

Δεν είσαι σίγουρος πώς να μετατρέψεις το παραστατικό νόμισμά σου σε κρυπτονομίσματα όπως το COMP; Μάθε περισσότερα [εδώ](https://coinmarketcap.com/how-to-buy-bitcoin/).

Compound

Ledger

Coinbase

Safepal

HyperPay

Trust Wallet

MetaMask

Binance Chain Wallet

SolFlare

Backpack

Phantom

Atomic wallet

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

ether.fi

aelf

Ankr

Ethereum Name Service

PAX Gold

1inch Network

Arkham

Curve DAO Token

Holo

0x Protocol

dogwifhat

Hachi

Scotty The Ai

DODO

zkLend

Aave

Maker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage the DAI stablecoin.

Initially conceived in 2015 and fully launched in December 2017, Maker is a project whose task is to operate DAI, a community-managed decentralized cryptocurrency with a stable value soft-pegged to the US dollar.

MKR tokens act as a kind of voting share for the organization that manages DAI; while they do not pay dividends to their holders, they do give the holders voting rights over the development of Maker Protocol and are expected to appreciate in value in accordance with the success of DAI itself.

The Maker ecosystem is one of the earliest projects on the decentralized finance (DeFi) scene: the industry that seeks to build decentralized financial products on top of smart-contract-enabled blockchains, such as Ethereum.

Maker

Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.

Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.

Launched in February 2020, the service, formerly known as iEarn, has seen huge growth in recent months as new products debuted and developers released in-house token YFI.

yearn.finance

SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens.

SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.

SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.

SushiSwap

Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity and low fees serve as a backend for many exciting protocols on both Optimism and Ethereum. Many user-facing protocols in the Synthetix ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), tap into Synthetix liquidity to power their protocols. Synthetix is built on Optimism and Ethereum mainnet. The Synthetix Network is collateralized by SNX, ETH, and LUSD, enabling the issuance of synthetic assets (Synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. This pooled collateral enables an array of on-chain, composable financial instruments backed by liquidity from Synthetix. Some of the most exciting upcoming releases from SNX are Perps V2, which hopes to enable low-fee on-chain futures trading through the usage of off-chain oracles, and Synthetix V3, which aims to rebuild the protocol to achieve its earliest goal, being a fully permissionless derivatives protocol. Learn more about Synthetix on their blog or by joining the SNX Discord.

The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.

Synthetix

Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.

Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020.

In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its in-house token. The DAO uses Ethereum-based creation tool Aragon to connect multiple smart contracts used for users’ deposited liquidity. Issues such as governance, however, differ from Aragon in their weighting and other respects.

Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.

An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading.

Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.

Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges.

In September 2020, Uniswap went a step further by creating and awarding its own governance token, UNI, to past users of the protocol. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities.

Basic Attention Token, or BAT, is the token that powers a new blockchain-based digital advertising platform designed to fairly reward users for their attention, while providing advertisers with a better return on their ad spend.

To learn more about this project, check out our deep dive of Basic Attention Token.

This experience is delivered through the Brave Browser, where users can watch privacy-preserving adverts and receive BAT rewards for doing so. On the other hand, advertisers can deliver targeted ads to maximize engagement and cut down losses due to ad fraud and abuse.

The Basic Attention Token itself is the unit of reward in this advertising ecosystem, and is exchanged between advertisers, publishers and users. Advertisers pay for their advertising campaigns in BAT tokens. Out of this budget, a small portion is distributed to advertisers, while 70% is distributed to users — whereas the intermediaries that typically drive up advertising costs are cut out of the equation to improve cost-efficiency.

Basic Attention Token launched in 2017 following one of the fastest sell-out initial coin offerings (ICOs) of all time, with the platform raising a total of $35 million in under a minute. Since then, it has rolled out its attention-based advertising experience to users in most countries through its Brave Rewards program.

As of November 2020, the United States, the United Kingdom and Canada had the most active advertising campaigns.

Basic Attention Token

Self-described as "Polkadot's wild cousin," Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers.

Kusama is built on Substrate — a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains.

By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.”

The platform is designed to provide a testbed for developers looking to innovate and deploy their own blockchain and can be used as a preparatory network before launching on Polkadot — though many projects opt to stick with Kusama for their final product.

Kusama benefits from a low barrier to entry for deploying parachains, low bond requirements for validators, and is most commonly used by early-stage startups and for experimentation.

Kusama

Tezos is a high-performing blockchain and open-source platform for assets and applications, with a strong focus on code security, on-chain governance, and decentralization. Tezos 2.0, the upcoming step in the evolution of Tezos, aims to improve scalability (via layer 2s), composability, and to implement support to mainstream programming languages (like Javascript, Typescript, Python, and many others).

Initially built with formal verification in mind, the Tezos protocol enables builders to avoid bugs when developing smart contracts, making it particularly suited to applications that require a high degree of security and certainty.

Tezos’ LPoS (Liquid Proof-of-Stake) consensus mechanism enables any stakeholder to take part, directly or by delegation, in the consensus process, and to be rewarded for securing the network. Rather uniquely, Tezos’ on-chain governance system also enables stakeholders to create and vote on protocol upgrade proposals. This pioneering system allows the protocol to self-amend and upgrade itself without leading to a split (or fork) in the blockchain, empowering the community without slowing down innovation.

First proposed in 2014 and launched in 2018, the Tezos Mainnet has a proven track record of running uninterrupted ever since, having earned a strong reputation for technical excellence and a supportive community.

Tezos

Balancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools.

To learn more about this project, check out our deep dive of Balancer(https://coinmarketcap.com/alexandria/article/what-is-balancer.

The protocol operates a few types of pools:

Private pools give the owner governance over the pool, and make the person the sole contributor of liquidity to the pool. Also, all the parameters are mutable by the owner.

Shared pools are for those who want to become liquidity providers (LPs). The LPs are rewarded with the Balancer Pool Tokens (BPTs).

Smart pools are similar to private pools but are controlled by a smart contract. They also reward using BPTs and allow anyone to contribute liquidity to the pool.

Balancer

Dash is an open-source blockchain and cryptocurrency focused on offering a fast, cheap global payments network that is decentralized in nature. According to the project's white paper, Dash seeks to improve upon Bitcoin (BTC) by providing stronger privacy and faster transactions.

Dash, whose name comes from "digital cash," was launched in January 2014 as a fork of Litecoin (LTC). Since going live, Dash has grown to include features such as a two-tier network with incentivized nodes, including "masternodes," and decentralized project governance; InstantSend, which allows for instantly settled payments; ChainLocks, which makes the Dash blockchain instantly immutable; and PrivateSend, which offers additional optional privacy for transactions.

Dash

Zcash is a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions.

Contrary to a common misunderstanding, the majority of cryptocurrencies on the market, including Bitcoin (BTC), are not anonymous, but rather pseudonymous; while they do not explicitly reveal the identities of their users, each user has their own public address or addresses which can be traced back to them via the methods of data science and blockchain forensics.

Zcash transactions, on the other hand, still have to be relayed via a public blockchain, but unlike pseudonymous cryptocurrencies, ZEC transactions by default do not reveal the sending and receiving addresses or the amount being sent. There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance.

Zcash was first released on October 28, 2016, and it was originally based on Bitcoin’s codebase.

Zcash

In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.

The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.

Cosmos’ origins can be dated back to 2014, when Tendermint, a core contributor to the network, was founded. In 2016, a white paper for Cosmos was published — and a token sale was held the following year. ATOM tokens are earned through a hybrid proof-of-stake algorithm, and they help to keep the Cosmos Hub, the project’s flagship blockchain, secure. This cryptocurrency also has a role in the network’s governance.

Cosmos

The EOS Network is an open-source blockchain platform that prioritizes high performance, flexibility, security, and developer experience. As a third-generation blockchain platform powered by the EOS virtual machine, EOS has an extensible WebAssembly engine for deterministic execution of near fee-less transactions.

EOS is the market's most scalable, divisible, and programmable digital currency. EOS is a Delegated Proof of Stake (DPoS) network where stakeholders have the authority to select node operators. Due to the decentralized nature of the token distribution on EOS, power doesn't reside in the hands of block miners, but rather all parties involved in the EOS Network.

The EOS Network is attractive because of its technology and community. It allows developers to build projects that other blockchains cannot support. The network is straightforward and has multiple tools and educational resources to help users acclimate to the blockchain.

Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.

Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.

Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018.

Enjin Coin (ENJ) is a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs).
Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users:

Infuses them with a reserve value

Ensures their transparency and scarcity

Gives them instant liquidity

Provides utility in games and apps

Anti-inflationary

Enjin's "melting" functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within.

The Enjin blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain.

Founded in 2009, Enjin has roots in the gaming industry, with the company’s first product, a gaming community platform called the Enjin Network, growing to 20 million users over the course of a decade.

In 2017 following an ICO, Enjin established itself as a leading blockchain ecosystem developer, building a suite of software products that enable anyone to easily mint, manage, trade, distribute, and integrate blockchain assets.

Enjin’s co-founder Witek Radomski wrote the code for one of the first ever non-fungible tokens (NFTs) and is also the co-author of the ERC-1155 Ethereum token standard.

Built on top of an on-chain infrastructure, the Enjin ecosystem enables game developers and businesses of all sizes to use tokenized digital assets as part of their acquisition, retention, engagement, and monetization strategies. The Enjin ecosystem is fueled by Enjin Coin (ENJ), a cryptocurrency used to back the value of blockchain assets.

Enjin Coin

The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest, and protected operations in the DeFi space.

The 1inch Network's first protocol is a decentralized exchange (DEX) aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange. The 1inch Aggregation Protocol incorporates the Pathfinder algorithm for finding the best paths across over 400+ liquidity sources on 12 chains: Ethereum, BNB Chain, Polygon, Avalanche, Optimism, Arbitrum, Fantom, Gnosis Chain, Klaytn, Aurora, zkSync and Base.

In just over two years the 1inch DEX aggregator has reached 1M users and surpassed $150B in overall volume on the Ethereum network alone.

The 1inch Limit Order Protocol facilitates the most innovative and flexible limit order swap opportunities in DeFi. The protocol’s features, such as dynamic pricing, conditional orders, and extra RFQ support, power various implementations, including stop-loss and trailing stop orders, as well as auctions.

The 1inch Wallet is a multichain mobile platform that provides an easy-to-navigate interface with secure storing, transaction, and staking capabilities. This versatile wallet was built from the ground up to streamline interacting with 1inch’s features.

The 1INCH token is the governance and utility token of the 1inch Network. 1INCH holders can stake their tokens to participate in the 1inch Network's DAO governance, including the 1inch DAO Treasury management. Also, holders can choose resolvers and earn a part of their fees.

With the 1inch Fusion, users can stake 1INCH tokens to receive Unicorn Power (UP), then subsequently delegate their UP to any 1inch Fusion Resolver to start receiving rewards from them. When staking, there is the option to set a custom or preset lock period. User’s st1INCH tokens cannot be unstaked/withdrawn without penalty until the designated lock period expires.

In December 2020, 1inch raised $12 million in Series A funding, led by Pantera Capital, with others including ParaFi Capital, Blockchain Capital, Nima Capital, and Spartan Group. The funding round was conducted through a SAFT (simple agreement for future tokens) sale.

In December 2021, 1inch has closed a $175 million Series B round, led by Amber Group. Among about 50 investors that participated in the funding event are Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital and Gemini Frontier Fund.

Celo is a carbon-negative, permissionless, blockchain with a rich ecosystem of global partners building innovative Web3 dapps to support a more inclusive financial system. Accessible to anyone with a mobile phone, the Celo ecosystem consists of a decentralized, proof-of-stake blockchain technology stack (the Celo platform), CELO governance asset, and several Mento stable assets (cUSD, cEUR, cREAL) that allow for real-world users to use digital assets. The open source Celo mainnet launched on Earth Day 2020.  The Celo community passed an indicative on-chain governance proposal (temperature check) to have Celo migrate to an Ethereum layer-2.  Google Cloud, Deutsche Telekom, Telefonica, and many others run validators on the Celo Platform.  Today, the Platform supports 1,000+ projects in over 150 countries are building on Celo to, helping to create the conditions of prosperity for all.  For more information, please visit Celo.org.

Celo

Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.

The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.

To learn more about this project, check out our deep dive of Chainlink.

Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.

The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network where users pay for data storage and distribution services in $FIL. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.

Filecoin is open-source and decentralized, which means that all governance is in the hands of the community. On the Filecoin platform, developers have the opportunity to create cloud file storage services like Dropbox or iCloud. Anyone can join Filecoin and start storing their data or earn money by providing space for someone else's funds. The creators of Filecoin opted for their blockchain technology to run the network and their token with their own consensus.

$FIL is the native currency of Filecoin that powers the entire network and all processes. Clients pay for transactions in FIL tokens. Miners place FIL as collateral, guaranteeing their services.

The developers claim that Filecoin solves the problem of inefficient file storage and retrieval. Customers can find the right solution with an efficient set of tools and its core development, IPFS.