Top 10 Liquidity pools of 2022

Let's dive into the top 10 liquidity pools provider.

· 7 min read
Crypto Liquidity Pools
Crypto Liquidity Pools

What are liquidity pools?

A liquidity pool is a crowdsourced pool of cryptocurrencies or tokens that are locked in a smart contract and used to make trades between assets on a decentralized exchange (DEX). Instead of traditional buyer-seller markets, many decentralized finance (DeFi) platforms use automated market makers (AMMs), which leverage liquidity pools to allow digital assets to be traded in an automated and permissionless manner. One of the core technologies in the present DeFi ecosystem is liquidity pools. They're used in automated market makers (AMM), borrow-lend protocols, yield farming, synthetic assets, on-chain insurance, and blockchain gaming, to name a few examples. You can read more about this below

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Liquidity pools allow users to buy and sell crypto without the assistance of centralised market makers on decentralised exchanges and other DeFi platforms.
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Top 10 Crypto Liquidity pools provider

10. KeeperDAO

KeeperDAO is a DeFi protocol built on Ethereum. It's best described as an on-chain DeFi underwriter. The protocol financially incentives participation, thereby managing liquidation and rebalancing application spanning, margin trading, lending, and exchanges. Depositing into a KeeperDAO liquidity pool incurs a 0.64 percent fee, which is deducted from the asset you provide. For farming ROOK tokens, KeeperDAO offers five liquidity pools: ETH, WETH, USDC, renBTC, and DAI. KeeperDAO's Keepers and JITU both use the liquidity supplied by these pools for Flash Loans.

9. OIN Finance

OIN

This is a new liquidity pool that looks fascinating. It's the world's first DeFi powered by the Ontology Blockchain. It provides a variety of DeFi services, including OINwap, wallet, Lend, Stablecoin, and DAO. Holders of the utility token can provide liquidity and profit according to the parameters of smart contracts. Many details, however, were unavailable at the time of writing. Regardless, on August 24, the OIN Finance team raised $1 million in a private transaction, while prepping for a public offering two days later.

OIN Finance (OIN): A detailed review | Pvot
OIN Finance is a decentralized liquidity pool exchange platform. Its major products and services include lending and borrowing, exchanges, stablecoins.
In depth review of OIN Finance (OIN)

8. DeversiFi

DeversiFi appoints Threepipe as retained digital agency partner | The Drum

DeversiFi is a decentralized, non-custodial exchange with a high transaction per second rate. It achieves up to 9,000 TPS using StarkWar's layer 2 scaling engine. It provides pooled liquidity pooling and a near-zero charge due to its high speed. The DeversiFi protocol allows private and public cryptocurrency wallets to deposit funds into the native's DeversiFi STARKEX smart contract. Traders use the smart contract to carry out off-chain trades and maintain on-chain balance. The protocol's native token, NEC, is used to carry out the activities.

7. ICTE

Icte liquidity pool

It's a liquidity pool for inter-exchange trading. It runs a DeFi protocol that connects regional cloud-based exchanges across blockchains. Connecting exchanges, according to the idea, will alleviate latency, security, and custodial concerns while offering significant liquidity to stakeholders. Every exchange, on the other hand, runs independently but is part of the global ICTE Alpha server architecture.

6. Convexity Protocol

Convexity operates a decentralized liquidity pool. It creates a generalized foundation for tokens, which are fungible ERC-20 tokenized options contracts. Users can create collateralized option contracts and then sell them in the form of tokens. However, as a new notion, it only has a few applications. Liquidity insurance is one of the platform's unique applications. As a result, new traders and liquidity providers can feel more secure.

5. Kyber Network

Kyber is an on-chain liquidity protocol based on Ethereum that allows DApps to provide liquidity to improve user experience. As a result, vendors and wallets enable users to pay, swap, and receive many token varieties in a single transaction. It has its own native coin, KNC, which is used for rewards and ecosystem governance. As a result, holders stake the token in order to participate in governance and get a return based on the smart contract's parameters.

Kyber Network (KNC): A detailed review | PVOT
Kyber Network is a decentralized liquidity protocol that collects liquidity for Dapps and facilitates cryptocurrency exchanges.
In depth review of Kyber Network (KNC)

4. Bancor

Bancor is a Blockchain technology based on Ethereum that leverages pooled liquidity. It uses algorithmic market-making methods through the use of "Smart Tokens," similar to Curve, Uniswap, and others, to assure liquidity and accurate prices by maintaining a constant ratio vis-à-vis connected tokens (e.g., ETH) and modifying their supply. The Bancor relay is the name of its liquidity pool. It introduces the Bancor stablecoin to address liquidity volatility caused by the native token's reliance on BNT. As a result, liquidity pooling between the BNT token, Ethereum or EOS tokens, and its stable coin is supported (USDB). As a result, it employs BNT to ease the transfer of data between other blockchains, with Ethereum and EOS chains now supported. Unlike Uniswap, which has a fixed swapping price, Bancor charges between 0.1 and 0.5 percent depending on the pool.

Bancor (BNT): A detailed review | PVOT
Bancor is software designed to encourage users to pool their crypto assets in exchange for a part of the fees paid by traders
In depth review of Bancor (BNT)

3. Balancer

Balancer Liquidity Pool

Built on Ethereum, it functions as a non-custodial portfolio manager, liquidity source, and price sensor. It allows anyone to customise pools and earn trading fees by adding or subtracting liquidity. The Balancer pooling protocol is modular and supports a variety of pooling options, such as private, shared, and smart pools. Only the owner has complete permission to provide liquidity, adjust parameters, and make changes to the private pool. In contrast to private pools, a shared pool's settings, such as weights, tokens, and fees, are fixed. Liquidity mining is a technique by which the system, which was released in March 2020, distributed a governance token called BAL to liquidity providers.

Balancer (BAL): A detailed review | PVOT
Balancer is Ethereum-based software that encourages a distributed network of computers to run an exchange.
In depth review of Balancer (BAL)

2. Curve Finance

Curve is a decentralised liquidity pool for stable coin trading based on Ethereum. It provides consumers with reduced slippage, similar to Convexity because the stable coin is not volatile. The platform does not have a native token, however, a Curve token might be launched (CRV token). There are seven pools on the platform, each having its own ERC-20 pool pair. It enables swapping for the following pools of stable coins and assets: Compound, PAX, Y, BUSD, sUSD, Ren, and sBTC.

Curve Finance (CRV): A detailed review | PVOT
Curve Finance is an Ethereum-based decentralized exchange. In this article, we will learn about this new leading decentralized exchange.
In depth review of Curve Finance (CRV)

1. Uniswap

What Is Uniswap? Introduction to UNI Token - Crypto Briefing

Uniswap is a decentralised ERC-20 token exchange that supports 50% Ethereum contracts and 50% ERC-20 token contracts. It allows you to decentralise the exchange of ETH for any other ERC-20 token. It runs an open-source exchange where anyone can launch a new exchange pair in a new liquidity pool for any token with no fees. The platform, on the other hand, charges swappers a 0.3 percent exchanging fee, which is divided with liquidity providers. The token list may be seen here, and you can also make a new one. When you supply liquidity, you just deposit crypto in exchange for a Uniswap token, much as other liquidity pools.

Uniswap: A detailed review!
Uniswap is a leading cryptocurrency asset exchange that operates on the Ethereum blockchain.
In depth review of Uniswap

Conclusion

Through automated smart contracts-liquid pooling, DeFi has proved to alleviate the traditional cryptocurrency space's ravening liquidity concerns. According to the DeFI pulse, the total locked value of the DeFi is above $8.75 billion. However, a growing number of protocols are attempting to increase liquidity. As a result, DeFi's self-banking goal will be possible.