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The termDeFicame into limelight after theBinance announcement on its listing about a DeFi Network Token “KAVA”. Later, many started to search for What is KAVA and what is DeFi. Now, we …

Often the DeFi network is being added with a new kind of DeFi platform and its relevant tokens, So here we are going to see the DeFi tokens which has gained attention in the first two Quarters of 2020. According to the DeFi Data Trackers牋

If you supply or lend DAI tokens, (is a stable coin) to compound, you will receive the relevant牋tokens as rewards, whereas the cDAI tokens will represent the DAI you have lended and the interest you have earned through lending. cDAI tokens are available to be used in other smart contracts too.

Market Cap : $437,680,595
Total Supply : 1,005,577 MKR
Explorers : etherscan.io, ethplorer.laoji.orgio,牋

KNC is the native token of牋- A DEX platform, KNC will be burned by the collected fees from the exchange.

Market Cap: $327,511,105
Explorers : etherscan.io, ethplorer.io, blockchair.com
Total Supply: 210,623,056 KNC

Aave is also another leading lending protocol. Which is backed by its own DeFi token LEND. Whereas the燣END爐oken Will receive value from borrowing and flash loans fees.

Ren protocol acts as an interoperable bridge or medium to connect ethereum assets with RenVM. In order to become a validator, an user has to post 1,00,000 REN as a collateral that can become an eligibility to host a dark node.

Market Cap – $104,088,086
Total Supply: 69,148,554 BNT
Explorers : etherscan.io, ethplorer.io, blockchair.com

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