5 DeFi Coins to Buy for Lower-Risk Returns

BlackRock Secures Abu Dhabi License to Expand Middle Eastern Presence

Bitcoin Price Analysis As Microstrategy Acquires $4.6 Billion In BTC And Traders Buy This ICO With A 402% Staking APY

The decentralised finance (DeFi) market currently has $55 billion in assets locked, representing a 10% jump in the past week. Could this be a good time to invest in the best DeFi coins?

This article outlines the best options available to investors looking to get a large slice of the DeFi market.

1. Lucky Block (LBLOCK)

While Lucky Block doesn’t focus on offering DeFi services, it has garnered massive investor attention.

The winners of the much-anticipated prize draw and NFT giveaway have been announced, and Lucky Block has commenced daily payments to them. Lucky Block enlisted platinum-selling rapper Swae Lee to pick the NFT giveaway winning ticket and unveil the winner, as part of their marketing spree.

NFT draw with @SwaeLee! 🎉
401 is a winner of NFT! 🚀
873541 is a winner of main jackpot! 🤩
Congrats to the winners and thank you all for participating! https://t.co/Scae1i3Rpx
— Lucky Block (@luckyblockcoin) May 31, 2022

On May 30th, Lucky Block began selling tickets for the draws that were held on May 31st. The main jackpot awarded $1 million to the winner. To partake in the jackpot draw, users needed to hold $500 worth of LBLOCK tokens to receive a ticket. Other players who didn’t have up to $500 worth of LBLOCK were able to purchase tickets by buying $5 worth of LBOCK tickets.

Additionally, Lucky Block commenced ticket sales for its non-fungible token (NFT) giveaway on May 30th. The eligibility criterion for this giveaway was the ownership of the platform’s Platinum Rollers Club NFTs, which have been on sale since February. For this NFT giveaway, Lucky Block awarded $1 million to the lucky winner, making the total amount won on May 31st $2 million.

So far, ticket sales have been impressive. Lucky Block sold over 700 tickets for the main draw in the first hour alone, and first-day sales topped 23,000.

With the main prize draws commencing June 6, we expect to see increasing activity on Lucky Block in the coming days. This can only spell gains for LBLOCK, which continues to post impressive numbers.

Lucky Block operates as a blockchain gaming platform, offering access to an ecosystem of games and providing different avenues for users to earn money. Its native token, LBLOCK, serves as a ticket for the games and activities offered.

Currently, LBLOCK trades at $0.0015. As a result of recent developments in the Lucky Block ecosystem, LBLOCK is riding a 100% jump in the past week, providing an ideal time for investors to buy Lucky Block.

2. Uniswap (UNI)

Uniswap is one of the biggest decentralised exchanges in the crypto market at the moment. The exchange works using the automated market maker mode, connecting coin buyers and sellers to ensure seamless and hassle-free trades.

Uniswap‘s main token, UNI, is one of the best DeFi Coins. Currently, the digital asset trades at $5.24. This marks a drop of 27.3% in the past month, with many analysts expecting the asset to see gains over time. Investors can buy Uniswap now to gain when the digital asset flips bullish.

The gains in the Uniswap ecosystem are on the back of impressive performances by the exchange. Last month, Uniswap broke through $1 trillion in total lifetime trades, making it the first decentralised exchange to hit that mark.

2/ Over the past three years, The Protocol has
🛹 Onboarded millions of users to the world of DeFi
💸 Introduced fair and permissionless trading
🚰 Lowered the barrier to liquidity provision pic.twitter.com/mT2ZzjMTav
— Uniswap Labs 🦄 (@Uniswap) May 24, 2022

The exchange also has 3.9 million unique addresses, indicating that there’s a lot of growth to come.

3. dYdX (DYDX)

dYdX is one of the most popular decentralised trading platforms in the DeFi space. The platform focuses on offering seamless asset trading and swaps. As a result, users can seamlessly trade between assets and speculate on prices.

The platform’s native token, DYDX, trades at $1.83 at the moment. The asset is down by 47.8% in the past month, in line with most major coins. However, this drop offers investors a low entry point to buy dYdX.

Moreover, dYdX is expected to see some gains in the future. Last month, the platform released its mobile app, bringing its functionality to an ever-increasing base of users.

We are excited to announce that our iOS app is now available to the public! This makes dYdX one of the first DeFi protocols to launch a dedicated mobile app and puts our user experience even more on par with centralized exchanges. Visit https://t.co/YMo3oz5Wz5 to download it! pic.twitter.com/4PE41avSvd
— dYdX (@dYdX) May 10, 2022

According to a post from the platform’s developers, 200,000 people already signed up for the beta of the app. Hence, we expect the user numbers to surge even more, especially with the market en route to flipping bullish.

4. Compound (COMP)

Next on our list of the best DeFi coins is COMP – the native token for Compound Finance. Compound, one of the leading DeFi protocols, focuses on seamless lending and borrowing, allowing users to easily access the funds they need without having to go through multiple lines of bureaucracy.

The platform’s native COMP token acts as a means of governance, and it is one of the few DeFi blue-chip coins available. Currently, COMP trades at $58 – a drop of 45% in the past month. As a result, investors can buy Compound Finance now to rise with the market when it flips bullish.

Due to increased institutional appeal, COMP’s prospects are even brighter. Last week, Thailand-based banking giant Siam Commercial Bank partnered with Compound Treasury.

Exclusive: The venture arm of the oldest bank in Thailand, Siam Commercial Bank, is using institution-grade DeFi product Compound Treasury, despite an overall market downturn triggered by Terra’s collapse https://t.co/RZO5e1yBkg
— Bloomberg Crypto (@crypto) May 26, 2022

As part of the partnership, Siam will deposit funds into Compound Treasury. Then, Compound will convert the assets into USDC and allow Siam to earn up to 4% in annual yields. This partnership could open the door for even more institutional acceptance for Compound in the long run.

5. Maker (MKR)

Finally, the next coin on our list of the best DeFi coins is Maker’s token, MKR. Maker, a lending platform, has grown into the largest DeFi protocol in the market, with a dominance index of 26.55% in the sub-industry. The DeFi platform is run by the MakerDAO – a decentralised autonomous organization that also administers the DAI stablecoin.

MKR currently trades at $1,210 – a drop of 15.5% in the past month. This drop could present an opportunity for investors to buy Maker for a bargain.

Currently, Maker’s prospects are primarily due to its standing in the DeFi space. As the leading protocol, Maker is expected to be the primary beneficiary when the market flips bullish consistently.

DAI is also a strong source of growth for the ecosystem. In the wake of the Terra crash, investors have been looking for viable stablecoins to serve as a replacement. Presently, DAI is the fourth largest stablecoin, with a healthy market cap of $6.7 billion. With the asset holding its peg against the dollar, DAI could see more use cases going forward.

Lucky Block – Our Recommended Crypto of 2022