DeFi (Decentralised Finance) has long been a significant area of the cryptocurrency market. Numerous blockchain and cryptocurrency projects are working toward (or have already achieved) decentralisation.
With the rise of blockchain technology, decentralisation, and DeFi applications, more people have the opportunity to improve their quality of life using these financial instruments. The traditional financial sector is highly centralised. The people are granted power through decentralisation, cryptocurrencies, and blockchain technology.
An increasing number of DeFi DApps are also available on ThunderCore, such as TTFarm, Ram Protocol, Acorn Finance, TTSwap, and TTMining. The number of DeFi DApps is rapidly expanding. Let us discuss some of them in this article.
Users can purchase many adorable farm animals at TT Farm, a DeFi project, and make money from them. These creatures each provide various products in the form of Thunder Tokens (TT). It can be compared to a gamified cryptocurrency shopping service. The TT Wallet app provides immediate access to TT Farm.
The quest system and the quiet debut on TT Wallet both turned out to be quite helpful for TT Farm and its community. This further highlights how launching new DApps on the ThunderCore network and listing them on TT Wallet gives them a significant advantage. More than 90% of the 58 animals posted on TT Farm have already sold out. Additionally, the claim rate for all animals is greater than 80%, indicating strong user engagement with the DApp.
Ram is a non-custodial liquidity protocol that enables borrowing of assets and interest on deposits (the assets you lend). The Ram Protocol now accepts Thunder Token (TT), USDC, USDT, and BUSD as deposits and withdrawals. The identical asset that you want to borrow must be put up as security for borrowers.
RAM, which is listed on the decentralised exchange (DEX) TTSwap, is another of its proprietary tokens. RAM can only be obtained by depositing and borrowing assets from the Ram Protocol. Suppliers and borrowers split the distribution equally. The amount you lend or borrow will determine how much RAM you get. More RAM will be given to you the more you lend or borrow.
On ThunderCore, LaserSwap is an example of a decentralised exchange (DEX) that trades digital assets using an automated market maker (AMM). Tokens can be traded between cryptocurrencies, exchanged on the platform, and deposited into liquidity pools by users to make money.
It supports a wide variety of tokens. Additionally, it supports assets on heterogeneous chains including ETH, BSC, and HECO as well as the ThunderCore Token (TT) and tokens issued by DApp creators on the ThunderCore blockchain. By issuing tokens that allow users to stake and earn, running an airdrop campaign, and providing more fun and earning opportunities, LaserSwap hopes to give a lot of advantages to users.
EggDex has been running on ThunderCore for a while. There are many TT20 tokens available on EggDex that aren't on other platforms. It incorporates a number of currencies that we've seen on DApps in the ThunderCore ecosystem.
Although some of the tokens listed on EggDex can also be found on TTSwap, EggDex is the only place where the majority of them are listed. In this manner, only to start trading, you won't need to locate a token's contract address. Due to the fact that it has its unique Yield Farming, EggDex distinguishes itself from the other DEXs. While all Yield Farming pools are currently closed, we believe EggDex is worthwhile checking out and trading.
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