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The 100+ Projects Pioneering Decentralized Finance

Decentralized finance has grown into one of the most active sectors of blockchain in 2019, and Ethereum projects in particular have raced to the front in establishing an ecosystem with global network effects and interoperability.

By ConsenSys

March 28, 2019

Decentralized finance has grown into one of the most active sectors of blockchain in 2019, and Ethereum projects, in particular, have raced to the front in establishing an ecosystem with global network effects and interoperability. From stablecoins, decentralized exchanges and wallets to payments networks, lending and insurance platforms, key infrastructural development, marketplaces, and investment engines — the decentralized finance ecosystem is flourishing.

What’s now emerging is a vast spectrum of decentralized finance: On one end, open finance platforms that empower individuals around the world in engaging with new and remodeled financial systems. On the other, decentralized finance solutions are changing the approach of established institutions by bringing decentralized solutions into play. All in all, decentralized finance projects now range in the thousands, and we’re seeing the early stages of a whole new industry.

We built on excellent research by The BlockDeFi PulseDelphi DigitalGithub, in addition our deep dives into ‘The State of Stablecoins’ and ‘The State of Decentralized Exchanges’ to put together a wide-reaching list of the projects pioneering decentralized finance, broken down by category.

Payments

  • Request NetworkDecentralized payments network for apps and individuals that utilizes Ethereum and IPFS
  • Groundhog: Toolbox for creating crypto-based subscriptions
  • OmiseGO: Interoperability and scaling solutions for payments over Ethereum
  • Raiden: Ethereum off-chain scaling solution for instant and low-fee payments
  • Ink Protocol: A decentralized reputation and payment protocol

Stablecoins

  • Dai: A USD-pegged stablecoin built on the Ethereum and governed by the MakerDAO system
  • USD Coin: A US dollar-backed stablecoin as an ERC20 token, by Circle.
  • Gemini Dollar: A stable value coin backed 1:1 by U.S. dollars
  • Monerium: A digital money provider planning to issue asset-backed, redeemable, and regulated e-money on Ethereum
  • Reserve: A protocol with three types of assets: reserve stablecoin, reserve share tokens, and collateral tokens
  • StableUnit: Decentralized privacy stablecoin
  • Synthetix: Synthetic fiat currencies collateralized by cryptoassets
  • Augmint: Stablecoin backed 1:1 by Euros
  • Digix: Physical gold with DGX tokens, where 1 DGX represents 1 gram of gold on Ethereum.
  • Paxos Standard: A stable value coin backed 1:1 by U.S. dollars
  • TrueUSD: A stablecoin backed 1:1 by U.S. dollars
  • Ampleforth: A digital asset protocol that decreases and increases the Ample stablecoin value to ensure stability

Infrastructure

  • Connext: Free, open-source p2p micropayment infrastructure, built with payment channels on Ethereum
  • Settle: A web-based operating system and dashboard for decentralized finance
  • DutchX: A decentralized trading protocol for ERC20 Tokens
  • 0x: An open protocol for the peer-to-peer, decentralized exchange of digital assets
  • Foam: Protocol for Proof-of-Location and decentralized location services
  • 0xcert: Open source framework for creating, managing, and swapping NFTs and tokens

Exchanges and Liquidity

  • Airswap: Peer-to-peer trading on Ethereum
  • Uniswap: Open source protocol for automated token swaps on Ethereum
  • Liquality: Swap cryptocurrencies without intermediaries
  • Omega One: A decentralized, automated trade execution platform that makes crypto trading cheap and safe
  • Paradex: Token relay platform acquired by Coinbase
  • Marble: Open Source, DAO-based bank for ‘flash lending’ tokens
  • Ethfinex: ‘Hybrid decentralized exchange’ built by Bitfinex
  • Kyber: On-chain liquidity protocol for token swaps
  • IDEX: A decentralized, real-time, and non-custodial token exchange
  • Centrifuge: Open, decentralized platform to connect the global financial supply chain
  • Loopring: A protocol for decentralized token exchange
  • ForkDelta: A decentralized Ethereum token exchange
  • Bancor: A decentralized liquidity network
  • Ren: Zero-knowledge, trustless swaps between blockchains
  • Bamboo relay: Decentralized exchange and lending, an 0x and bZx relayer

Investment

  • Allinfra: A platform for the tokenization of large scale unlisted infrastructure
  • Set: A protocol for creating and managing token baskets for investing and trading
  • Harbor: ‘All in One’ platform for digital securities
  • Melonport: Autonomous systems for crypto asset management
  • Brickblock: Platform for real estate investment, asset tokenization, and capital raises
  • Betoken: ‘Open and Meritocratic’ crypto hedge fund
  • Polymath Network: A platform for the creation of tokenized securities
  • Mattereum: Asset tokenization and agreements network
  • Meridio: A platform for fractional ownership shares in real estate assets.
  • Coven: Open venture investing

KYC and Identity

  • SelfKey: Self-sovereign identity system
  • Civic: Secure blockchain identity toolbox and ecosystem
  • uPort: The open identity system for the decentralized web
  • Bloom: Decentralized credit scoring and identity for blockchain
  • Sovrin: Open source, self-sovereign identity network
  • Jolocom: Decentralized infrastructure for self-sovereign identity

Derivatives

  • VariabL: Leverages the Ethereum blockchain to offer trustless, secure, and efficient financial derivates
  • MARKET Protocol: A protocol on Ethereum that enables users to trade stocks, cryptocurrencies, or traditional assets
  • Universal Market Access (UMA): A decentralized financial contracts platform that utilizes self-enforcing contract design patterns and provably honest oracle mechanisms
  • bZx (b0x): A decentralized margin lending protocol on Ethereum
  • Daxia: Creates smart contracts on Ethereum to issue long and short trading positions on assets
  • dYdX: Open-Source Protocols for decentralized margin trading and derivatives

Marketplaces

  • TruSet: Multi-sided marketplaces that collect, validate, publish, and commercialize business-critical reference data
  • Gitcoin: A marketplace for open source development work
  • Bounties Network: Freelance and bounty any task, pay with Ethereum
  • Ethlance: A marketplace for freelance work in the Ethereum space
  • OpenSea: A peer to peer trading market for crypto collectibles and rare digital items
  • Origin: A protocol for creating peer-to-peer marketplaces utilizing Ethereum and IPFS
  • District0x: A network of decentralized markets on Ethereum that operate via DAOs by utilizing Aragon

Prediction Markets

  • Veil: A peer to peer trading market for derivatives and predictions on Augur, 0x, and Ethereum
  • Guesser: Peer-to-peer trading market on Augur in three easy clicks
  • Bodhi: Prediction market protocol building on Ethereum
  • Augur: Prediction market protocol built on Ethereum
  • Helena: Prediction markets platform for forecasting blockchain developments, events, and projects
  • Gnosis: Open platform for creating prediction market applications on the Ethereum protocol

Credit and Lending

  • Compound Finance: Open source protocol for algorithmic, efficient money markets on the Ethereum
  • Dharma: A suite of smart contracts and developer tools that make it possible to borrow and lend crypto-assets on blockchains like Ethereum
  • BlockFi: Offers financial products like crypto-asset loans and interest accounts
  • Lendoit: A decentralized peer-to-peer lending platform that connects borrowers and lenders
  • Cred: A decentralized lending and borrowing network
  • SALT: A lending and borrowing platform that allows users to leverage their crypto-assets to secure loans
  • ETHlend: A cryptocurrency lending marketplace
  • Bloqboard: Non-custodial digital asset lending platform for secured loans originated, settled, serviced and managed on Ethereum
  • Colendi: A protocol for credit scoring and microcredit on Ethereum
  • Marble: An open-source bank on the Ethereum network
  • NUO: A protocol for non-custodial lending, borrowing or margin trading crypto assets
  • MakerDAO Collateralized Debt Position: MakerDAO’s CDP enables the generation of DAI stablecoins against collateral that is locked until the DAI generated is paid back in full
  • InstaDApp: A decentralized bank built on top of the MakerDAO protocol

Insurance

  • Etherisc: A decentralized insurance protocol to collectively build risk transfer solutions
  • Nexus Mutual: A risk-sharing pool that allows anyone to purchase insurance
  • iXledger: A marketplace for insurers, reinsurers and brokers
  • VouchForMe: A distributed insurance platform based on social proof built on Ethereum

Wallets

  • Trustology: A platform for safeguarding crypto assets, with customizable smart accounts for diverse client needs
  • MetaMask: A browser extension that allows users to run Ethereum dApps
  • BuffiDAI: A digital asset that runs on an Ethereum xDai sidechain created for ETHDenver food and beverage purchases
  • Burner Wallet:Burner wallet works in your mobile web browser like Safari without app downloads or secret keys
  • MyEtherWallet: A free, open-source, client-side interface for generating Ethereum wallets and more
  • Zerion: An interface for blockchain-based protocols in decentralized finance applications
  • Argent: A wallet for Ethereum-based crypto-assets and apps
  • Trust Wallet: Ethereum wallet and multi cryptocurrency wallet to store your favorite ERC721 & ERC20 tokens
  • Balance: Ethereum wallet and mobile app that interfaces to the open source financial system
  • MyCrypto: A free, open-source interface for interacting with the blockchain

DeFi Data and Analytics

  • Alethio: Blockchain data, analytics, and visualization platform with Core API product & analytics tool suite
  • Alethio De-Fi Dashboard: Stats around the various decentralized finance platforms on Ethereum
  • De-Fi Pulse: A decentralized finance live tracker
  • Prediction Global: Shows a list of all the markets on Augur.
  • Curious Giraffe: Ethereum blockchain analytics for decentralized finance platforms
  • MKR Tools: A platform analytics dashboard to track CDPs, overall system statistics, Dai and MKR transactions
  • MakerScan: A MakerDAO CDP explorer
  • LoanScan: Ethereum loan explorer tracking loans on MakerDAO, Compound Finance, and Dharma
  • Augur Leaderboard: Number of trades and profits on Augur by Ethereum address
  • Stablecoin Index: Tracks and monitors the price, volume, and stability of stablecoins

Decentralized Finance Solutions

  • Adhara: A real-time gross settlement platform providing liquidity management and international payments for decentralized financial networks
  • DrumG Titanium Network: A decentralized, anonymous, and cryptographically secured consensus pricing network for OTC market data
  • Kaleido: An all-in-one SaaS blockchain business cloud
  • komgo: A blockchain-based solution for data security and exchange in commodity trading
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