![AAVE: Liquidity protocol for earning interest, borrowing assets, and building applications. Gradient background with a ghost icon, highlighting key information about AAVE's liquidity across multiple networks and markets.](https://defishills.com/wp-content/uploads/2023/10/AAVE-768x350.jpg)
Aave
Aave is a decentralized, open-source protocol on Ethereum for lending and borrowing cryptocurrencies, with instant interest compounding, governed by smart contracts.
![Abracadabra: Platform for making interest-bearing assets liquid with a dark, futuristic theme. Features a graphic of a machine processing coins and emphasizes leveraging assets for liquidity.](https://defishills.com/wp-content/uploads/2023/10/Abracadabra-768x378.jpg)
Abracadabra
Abracadabra allows users to mint stablecoin MIM using interest-bearing collateral, leveraging yield-bearing assets for optimized DeFi investment strategies.
![Alchemix: Self-repaying loans allowing leverage of tokens without liquidation risk. Mystical theme with an alchemist performing magic, highlighting the ability to borrow up to 50% of deposited collateral.](https://defishills.com/wp-content/uploads/2023/10/Alchemix-768x378.jpg)
Alchemix
Alchemix offers decentralized finance solutions, enabling users to obtain self-repaying loans against future earnings through asset deposits and yield generation.
![Compound: Dashboard for borrowing and collateral metrics across multiple markets. Features a dark theme with various assets listed, showing their respective borrowing and collateral values, emphasizing the total borrowing and collateral across eight markets.](https://defishills.com/wp-content/uploads/2023/10/Compound-768x345.jpg)
Compound
Compound is a decentralized protocol on the Ethereum ecosystem allowing users to lend or borrow cryptocurrencies, earning or paying interest based on supply and demand.
![eBTC platform promoting Bitcoin borrowing with incentives, including 110% collateralization, 0% fees, and 11X leverage, highlighting how users can earn by borrowing Bitcoin.](https://defishills.com/wp-content/uploads/2024/08/ebtc-768x372.jpg)
eBTC
eBTC is a decentralized protocol allowing users to borrow Bitcoin against staked ETH collateral with no fees. It offers capital efficiency and lower liquidation risk, integrating seamlessly into DeFi.
![JPEG'd: Bridging DeFi and NFTs with instant liquidity and passive income through incentivized curve pools. Key metrics include max LTV ratio, borrow APR, NFTs in vaults, and total value locked.](https://defishills.com/wp-content/uploads/2023/10/JPEGd-768x378.jpg)
JPEG'd
JPEG'd is a decentralized (DeFi) lending & borrowing protocol on Ethereum ecosystem, enabling NFT holders to use their assets as collateral for loans.
![Homepage of Liquity, a decentralized borrowing platform offering 0% interest loans against ETH. The page highlights a total value locked of $535,022,335 and provides buttons to borrow LUSD or learn more about the platform.](https://defishills.com/wp-content/uploads/2024/07/liquity-768x366.jpg)
Liquity
Liquity (LUSD) is a decentralized borrowing protocol on Ethereum. It offers 0% interest loans against ETH collateral, with loans paid out in LUSD, a USD-pegged stablecoin.
![Lybra Finance: Interest-bearing stablecoin backed by LST with an APY of 6.01%. Metrics include total ETH/LST deposits, eUSD/peUSD in circulation, and total yield paid, illustrated with a balancing scale graphic.](https://defishills.com/wp-content/uploads/2023/10/LybraFinance-768x358.jpg)
Lybra Finance
Lybra Finance allows users to deposit staked ETH, mint eUSD/peUSD stablecoins, earn interest, and engage in decentralized finance protocols with peUSD.
![MakerDAO webpage with a clean design, promoting DAI as a better, smarter currency that can be used by anyone, anywhere, anytime, emphasizing its stability and decentralization.](https://defishills.com/wp-content/uploads/2023/10/MakerDAO-768x379.jpg)
MakerDAO
MakerDAO is a DeFi platform on Ethereum for generating Dai, a stablecoin, governed by MKR token holders, enabling decentralized financial activities.
![Morpho platform homepage highlighting its position as the most secure lending protocol with over $2.28 billion in total supply and $881 million in total borrow.](https://defishills.com/wp-content/uploads/2024/08/morpho-768x373.jpg)
Morpho
Morpho is a decentralized lending protocol that boosts capital efficiency, offering higher yields and lower borrowing costs with similar risk parameters to Aave and Compound.
![Prisma Finance: Platform for liquid staking tokens, offering a non-custodial, decentralized Ethereum LST-backed stablecoin. Features a colorful abstract Ethereum logo and highlights the end game for liquid staking tokens.](https://defishills.com/wp-content/uploads/2023/10/Prisma-Finance-768x343.jpg)
Prisma Finance
Prisma Finance is a decentralized Ethereum protocol allowing users to deposit ETH liquid staking tokens as collateral to mint stablecoin mkUSD an to participate in DeFi ecosystem.
![Silo Finance interface displaying isolated markets (silos) for various tokens, showing available amounts for borrowing and depositing, along with corresponding interest rates.](https://defishills.com/wp-content/uploads/2023/10/Silo-Finance-768x369.jpg)
Silo Finance
Silo Finance provides secure, permissionless lending markets in the ethereum ecosystem isolating risks per asset, enhancing DeFi lending efficiency via isolated-pool approach.
![SmartCredit: Dashboard showcasing total value locked, total borrowed, interest paid, and various assets with borrower volume, lender volume, and rewards. Asset Liability Maturity Mapping and invite rewards are also highlighted.](https://defishills.com/wp-content/uploads/2023/10/SmartCredit-768x360.jpg)
SmartCredit
SmartCredit.io is a decentralized, peer-to-peer global lending marketplace in DeFi, connecting lenders and borrowers directly for earning interest or obtaining loans.
![Homepage of Sovryn with a dark background. Features decentralized Bitcoin trading and lending platform with TVL, 24-hour volume, and promotional APY rewards. Includes 'Get started' and 'Connect Wallet' buttons.](https://defishills.com/wp-content/uploads/2023/10/Sovryn-768x375.jpg)
Sovryn
Sovryn, built on RSK that is EVM based chain, facilitates decentralized trading, lending, and borrowing, extending decentralized finance features to Bitcoin users.
![Teller: Lend and borrow against ENS names, NFTs, and tokens with an oracle-less protocol featuring time-based liquidation. Total volume and liquidity available are prominently displayed.](https://defishills.com/wp-content/uploads/2023/10/Teller-768x377.jpg)
Teller
Teller is a decentralized lending protocol on Ethereum for lending and borrowing against ENS names, NFTs, and ERC20 tokens, offering oracle-less, time-based liquidation.