Coinshares Outlines the Current State of DeFi

Defi, decentralized finance, is one of the hottest topics in crypto. Meltem Demirors, Chief Strategy Officer of CoinShares, an digital asset investment firm, recently posted a full breakdown of DeFi at this point in time. These are a few of the key insights:

DeFi Lending and Borrowing Rates

Maker and Aave market share battle

On the day the article was posted, Maker (MKR / DAI) held over 30% market dominance via Defi Pulse:

However, this has shifted in favor of Aave (LEND):

Note that the amount locked in USD has almost doubled in the last month.

Companies with which to gain leverage

• Coinshares – DGLD, Digital gold product
• Figure – Digital home equity lines of credit
• Shuttleone – Letters of Credit using Maker Dai
• Centrifuge – Platform to turn any assets into tokens, including NFTs, non-fungible tokens

What we need for the Future

• Black box credit score calculation
• New credit scoring models
• Progressive credit scoring
• Credit scoring data network

You can read the entire article here and check back there for their next article on Investing in an Operating System for Digital Finance.