I have been interested in Bitcoin since 2011 and I have decided to learn about other blockchain applications. The coolest theme I discovered is completely decentralized banking.
Compound.finance and Argent both provide supply APY and borrowing abilities. Some of the cool apps
- Start Earning 6% In Just 3 Taps using Argent and Compound
- Watch Your 6% Interest Increase by the Second With Maker’s Oasis
- Participate in a Weekly No Cost Lottery with PoolTogether
- Directly Donate Your 6% Interest to Plant Trees with rTrees
- Use DeFiZap to Earn Interest on Dai Without Losing Ether Exposure
source:https://medium.com/@w_brealey/5-ethereum-defi-apps-revolutionizing-saving-9f717fe2e595
Currently DAI is trading at 8.07% APY interest. DAI is a stablecoin paired with the US Dollar.
You can borrow based on how many Crypto assets you have set up as collateral.
