Globally, there is a financial crisis and a desire amongst people to find a means to improve their standard of living and that of the people around them. Decentralized finance (DeFi) enables users to make money online by collecting fees from financial services, just like traditional brokers do.
DeFi coins have gained the attention of many cryptocurrency enthusiasts and non-cryptocurrency users who genuinely want to explore the crypto space for the first time. DeFi systems have given users opportunities to trade, invest, lend, and borrow cryptocurrency without the usual red tape associated with the banking sector.
Read Also: Big Eyes Coin: A Project Inspired By Avalanche To Safeguard Aquatic Life In The Oceans
The popularity of DeFi projects has made these promising Defi coins: Avalanche (AVAX), Uniswap (UNI), and Big Eyes Coin (BIG) considered by many as solid purchase opportunities to generate passive income.
Avalanche (AVAX) – Fastest Crypto On The Market
Avalanche (AVAX), initially intended to house DeFi has supported several projects that benefit from its quicker, and more effective ecosystem. AVAX as a smart contracts platform for dApps was determined to compete with Ethereum (ETH).
Avalanche is a PoS network with the largest validators and is perfectly situated to fill its targeted niche as DeFi’s top option. AVAX holders can potentially earn yield from their holdings by staking the coin.
Users benefit from lower deployment costs for smart contracts in addition to faster speeds. Developers can launch specialized blockchains using Avalanche Virtual Machines. Also, the Avalanche Bridge allows users to transfer funds quickly in and out of Ethereum.
Avalanche is steadily rising in prominence in the blockchain industry and is actively pursuing ecosystem expansion.
Uniswap (UNI) – One Of The Leading Exchanges
Uniswap (UNI) is arguably the most prominent decentralized exchange (DEX) on the Ethereum (ETH) network. Its ability to enable peer-to-peer (P2P) transactions without the involvement of a third party contribute to its growth. Uniswap (UNI) employs an Automated Market Marker to do away with the requirement for KYC procedures.
Being a decentralized exchange (DEX), Uniswap (UNI) has the potential to be a profitable investment. Since non-custodial assets are present on the platform, it is simple for investors to execute unauthorized trades. Due to this, it is beneficial to traders all over the globe.
Also, having non-custodial assets lowers the possibility of a network cyberattack. UNI is a DeFi platform that makes it less exposed to outside hackers and cybercriminals. Uniswap (UNI) has a strong potential for long-term profit and is a low-risk investment. If you are a DeFi enthusiast, you may consider purchasing Uniswap to generate passive income.
Big Eyes Coin (BIG) – The Latest To Take The Thrown Of The Meme Coins?
Big Eyes Coin (BIG) is a completely community-based crypto initiative with the main goal of moving wealth into the decentralized finance (DeFi) system. Big Eyes Coin (BIG) intends to contribute more to the DeFi sector by capitalizing on the latest NFTs frenzy using the help of its self-propagating blockchain network.
The token is based on an adorable big-eyed cat mascot, with a cute backstory. The community and charities benefit greatly from the sales of community tokens. The Big Eyes Coin (BIG) community is not only incredibly entertaining and exciting, but it also gives its users almost full control over the token by granting them 90% ownership in the launch.
If you have been considering potential DeFi coins to purchase for passive income, now is the ideal moment to add the Big Eyes coin to your portfolio. Now, the Big Eyes coin presale stage is live!
