HomeCrypto UpdatesTop Interest Rates for Lending and Saving in DeFi This Week

Top Interest Rates for Lending and Saving in DeFi This Week

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Here are the latest DeFi interest rates from the most established DeFi lending and savings platforms, compared with the average interest rates from traditional banks.

Leading DeFi Lending and Savings Apps

We track the best interest rates paid to depositors at five leading DeFi protocols. Here’s an introduction to each platform, and how much you can earn.

Aave

Aave is an established decentralized lending protocol where anyone can borrow and lend cryptocurrency. Powered by smart contracts on the Ethereum blockchain, Aave provides liquidity across 25 markets to enable digital asset investors to borrow funds or earn interest on idle digital asset holdings. Learn how to use Aave here. 

Compound logoCompound

Compound is the leading decentralized money market protocol and one of the longest-standing DeFi applications in the market. Offering lending markets for 12 digital assets, Compound allows investors to deposit funds and earn a variable yield or borrow against digital asset holdings. Learn how to use Compound here. 

Coinbase

Coinbase has the most limited DeFi offerings, but perhaps the highest degree of trust. What you trade off in yield, you make up in reputation: some consider it the gold standard of crypto exchanges. A fully-licensed and publicly-traded U.S. company, Coinbase has over 73 million customers worldwide. Learn how to use Coinbase here.

dydx logodYdX

dYdX is a decentralized derivatives trading platform that also allows users to earn yield on funds they deposit in the Ethereum-powered application’s smart contract. The interest rate paid will depend on supply and demand from depositors and borrowers on the DeFi application. Learn how to use dYdX here. 

Vesper logoVesper

Vespers is a promising new DeFi application, backed by industry heavyweights, that currently allows you to earn yield using Vesper Grow. Via smart contracts, Vesper uses the pooled deposited digital assets and deploys them across multiple DeFi protocols and returns the yield to you. Learn how to use Vesper here. 

DeFi, Decentralized Finance, Investment Growth Concept. Tiny Businesspeople Characters with Calculator and Tablet Pc

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