Four (4) Hot DeFi Projects Worth Watching in 2022

Blockchain technologies are attracting more and more people every year. They provide customers with many opportunities and benefits, such as trustworthiness, complete security, anonymity, and much more. One of the most promising sectors of this ecosystem is DeFi. Decentralized finance is available for every user. Retail investors and institutional players can take advantage of projects based on this technology.

Over the past few years, people have seen hundreds of DeFi projects skyrocket, such as Uniswap, Saddle Finance, PancakeSwap, Aave, MakerDAO, and others. 2022 promises to be just as busy. Most companies will try to eliminate the shortcomings of their predecessors and create incredible products that can surprise the world. Below, everyone can find a few projects in 2022 that have the most potential and should turn the blockchain world around.

LaaS – Solution for Liquidity Pool Issues

Many businesses that have started implementing V3 iterations have faced numerous problems. One of these was the liquidity pool issue. This has been a big hurdle for Uniswap and other platforms to develop their DeFi projects. Izumi Finance proposed liquidity-as-a-service technology, which is designed to solve the issue of liquidity mining.

LiquidBox helps users attract liquidity by using the latest protocols. This procedure occurs by distributing incentives based on particular price ranges. Izumi Finance also created programmable liquidity mining. Clients will get increased support for concentrated liquidity, which is usually needed in multichain protocols.

The company also offers many other products such as LP farming, evolving tokenomics, and financial NFTs. This project raised over $2 million during the latest investment round. They also enlisted the support of leading funds such as Puzzle Ventures, Everest Ventures Group, WolfEdge, Youbi Capital, and much more.

Using Real-World Assets in Blockchain Ecosystem

Stubborn crypto investors strive to make as much profit as possible. This can be done by pouring a lot of money into promising projects. But users do not always have large sums on hand. Centrifuge aims to solve this problem through the tokenization of real-world assets. This includes real estate, bills, and more. The received tokens can be used as collateral to obtain a loan from the dApp, Tinlake. There are no intermediaries between the client and the lender because the platform is decentralized.

In addition to successfully holding several rounds of investments and support from leading investment funds, Centrifuge has gained wide popularity in the crypto community. Such hype can play one of the decisive roles in the success of the project.

The First Polkadot Money Market

Another promising DeFi project in 2022 is Parallel Finance. Given the somewhat slow development of the Polkadot ecosystem, the company aims to accelerate the use of decentralized finance technologies. They introduce staking, borrowing, and lending into this blockchain with the help of the following technologies:

  • The money market for Polkadot and Kasuma, which is called the Automated Market Maker (AMM).
  • Interoperable portfolio management services.
  • Ability to stake and lend simultaneously.

Users will be amazed by the radically different lending design that can make the process much more enjoyable. The company plans to expand its products to other ecosystems in the future, such as Ethereum. Prospects of the project are also evidenced by the support of leading investors such as Blockchain Capital, Lightspeed, Alameda Research, and Polychain Capital.

The Hub on Cardano Blockchain

Ardana is a universal stablecoin hub designed to allow borrowing and storing assets freely. The platform is built on the Cardano blockchain. One of the main advantages is the ability to exchange stablecoins for identical assets and vice versa easily. In addition, users no longer need to convert ADA tokens as they can be transferred directly to their Ardana vaults. People can get the same amount of money in dUSD stablecoin.

During the last round of investments, this company raised $10 million. Ardana has also secured support from leading funds such as Three Arrows Capital, Ascensive Assets and Morningstar Ventures. Collaboration with other companies to expand their functionality also indicates that this project can be an excellent investment.