Here are all the Cardano DeFi projects complete with descriptions and tags. If you’re looking for a Cardano DeFi exchange, a lending protocol, a launchpad, a Cardano stablecoin, or platforms on which to tokenize real world assets then you’ve come to the right place. The Cardano DeFi ecosystem is maturing and, as it does, we will continue to list the new Cardano DeFi projects here. If you look at Cardano in 5 years this list will be substantially different, some projects will have left it, but many many more will have been added.
If you’re looking to simply swap Cardano native tokens then a Cardano DEX is your best choice. If you’re looking to utilize your crypto holdings for a loan then take a look at all the Cardano lending and borrowing platforms on offer and choose which one fits your needs. There is much more utility in the Cardano DeFi world and we invite you to explore it here!
Frequently Asked Questions
- What is DeFi?
DeFi stands for Decentralized Finance, and utilizes smart contracts to automate financial services and instruments that traditionally require a middleman.
DeFi enables a globally accessible financial system, without the entry requirements demanded by traditional -also known as centralized- financial services; a new system without borders or traditional barriers of entry. DeFi allows people with small amounts of excess capital to “become the bank” and deposit their funds into a protocol to provide liquidity and generate returns in the form of yields from the financial activities conducted on that protocol.
- Can Cardano be used for DeFi?
As you can see from the growing list of Cardano DeFi projects on this page, Cardano has a wide and varied DeFi ecosystem with lots of participants. Cardano DeFi projects include: multiple DEXs, asset management platforms, decentralized lending and borrowing platforms, housing projects, as well as launchpads and accelerators.
- What are the best Cardano DeFi Projects?
depending on who you ask you’ll always get a different answer, but the best Cardano DeFi project is the one that services your needs and has the parameters and fee systems that you are happy to use. The most popular Cardano DeFi project with the highest liquidity might not be for you, so always make sure to look at what other options are available in the Cardano DeFI ecosystem before you commit to using a platform.
- What is the Cardano DeFi Alliance?
The Cardano DeFi Alliance is a consortium of Cardano DeFi projects with the collective goal of standardizing best practices within the Cardano DeFi world. They also focus on creating DeFi standards in the Cardano smart contracting language, Plutus. Learn more about the Cardano DeFi Alliance here.
- What is the ada Coin?
Ada is the native currency of the Cardano blockchain and the most paired asset on any Cardano DeFi exchange, for example Sundaeswap. This native token is used for staking on the Cardano network, can be used to purchase NFTs, and can also be used as liquidity, to earn rewards, in many Cardano DeFi projects.