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DeFi: Finance that never closes.

Lending, trading, derivatives and savings run by open smart contracts — accessible to anyone with a wallet.

Quick answer

What is DeFi?

Decentralized finance (DeFi) is a set of financial applications built on blockchains that run through smart contracts instead of traditional intermediaries.

The DeFi toolkit

Trading

DEXs

Swap tokens directly from your wallet.

Credit

Lending

Borrow and lend with on-chain collateral.

Derivatives

Perpetuals

Leveraged trading on-chain.

Money

Stablecoins

The unit of account for most of DeFi.

DeFi

AAVE

Aave

—

Blue-chip on-chain lending

Details
Utility
Governance, safety module
Ecosystem
Multichain money markets, GHO stablecoin
Risks
Smart-contract and liquidation risk
Catalysts
New markets, RWA collateral
Why we’re watching
Benchmark DeFi lending protocol.
UNI

Uniswap

—

The default on-chain exchange

Details
Utility
Governance; fee switch debates
Ecosystem
Multi-chain DEX, v4 hooks
Risks
Fee-capture uncertainty
Catalysts
Fee switch activation
Why we’re watching
Largest open DEX brand.
AERO

Aerodrome

—

Base-native liquidity hub

Details
Utility
veAERO governance, incentives
Ecosystem
Base DeFi
Risks
Dependent on Base activity
Catalysts
Base growth
Why we’re watching
Pulse of the Base DeFi economy.

Research tools

Questions, answered

What is the biggest DeFi risk?

Smart-contract bugs and leverage. Start with audited, long-running protocols and small amounts.

The future isn’t something you wait for.
You build it.

AI.Robotics.Quantum.Crypto.Communities.Participation.