5 Ethereum DeFi Apps Revolutionizing Saving

What are DeFi apps?

  • open-source, (anyone can check the and contribute to the codebase)
  • inclusive (anyone can use them, regardless of race/age/gender/nationality/sexual orientation)
  • non-custodial (you have ownership of your funds at all times, you do not need to trust a third party)

1: Start Earning Interest in Just 3 Taps using Argent and Compound

  1. Download Argent wallet on Android or iOS
  2. Buy Dai directly with your local currency.
  3. Navigate to finances and press ‘Grow Your Holdings’.

2: Watch Your Interest Increase by the Second With Maker’s Oasis

  • Navigate to https://oasis.app/
  • Connect your MetaMask wallet
  • Hit ‘Save’, ‘deploy proxy’, and confirm the MetaMask popup.
  • Select how much to deposit and sign the MetaMask transaction

3. Participate in a Weekly No Cost Lottery with PoolTogether

4. Directly Donate Your Interest to Plant Trees with rTrees

5. Use DeFiZap to Earn Interest on Dai Without Losing Ether Exposure

Conclusion

  • When using DeFi and cryptocurrencies in general you are entirely responsible for your money. If you make a mistake, for example by sending your money to the wrong address, nobody can help you recover it. Check, check, and check again.
  • If you lose the key to your wallet, you have also lost your funds. Back up and use multiple devices.
  • This is very new and experimental technology. We can’t completely rule out an unforeseen bug or vulnerability that could cause you to lose your funds, even after code has been audited. Be aware of this risk before participating.

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Winter Bears Founder, covering Ethereum/DeFi/NFTs/DAOs

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Nushi

Winter Bears Founder, covering Ethereum/DeFi/NFTs/DAOs

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