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by Finage at February 3, 2022 4 MIN READ

Technical Guides

The 5 Most Promising DeFi Investments Q1 2022

 

When you think of how big 2021 was for the crypto and blockchain world, it is only fair to expect the same from the early stages of 2022. Experts were already making bold predictions at the end of last year and it has carried on to the present day. Many experts are expecting a DeFi quarter, due to the way larger players like Ethereum fell earlier this year.

 

There seems to be an impending change coming this year as people are seeking protocols and new tokens that will bring them riches. Because 2021 had a lot of DeFi success in the presence of large coins, you can assume that this quarter will see more growth with the falling crypto scene. Here are five investments that have the most promise, especially in the first part of the year.

 

Contents:

  1. Mad Meerkat Finance
  2. Elk Finance
  3. Solid or ve(3,3)
  4. Scream
  5. Minotaur Money

Final Thoughts

 

1. Mad Meerkat Finance

This is one of the most exciting blockchains out there and this is shown through its rapid growth. It is best characterized through its marketing and its ability to form partnerships. Many of rival blockchains are seeing a bit of a downturn in their token price, which is the opposite of $MMF. It has only been less than two months since its launch and it has a reported TVL of close to $240 million, which is quite an achievement.

 

2. Elk Finance

It is difficult to make the decision between the DeFi protocol you are currently in and a shiny new one that pops up. This is because you are essentially stuck with the current protocol and your money can’t move. This problem requires a bridge. These bridges are built to move capital between chains.

 

Elk Finance appears to be one such platform, although it calls itself a multi-functional DeFi gateway. It solves the above problem by providing an ELK token transfer that can be used across all DeFi platforms. With Elk Finance, there are no wrappers involved. In short, it provides an exchange with multiple chains sans the hassle.

 

3. Solid or ve(3,3)

This is an odd project that is shrouded in mystery and its founders Andre Cronje and Daniele Sesta are keeping their partnership with Fantom Foundation under wraps. Under the apparent codename ve(3,3) or Solid, it will work by Automated Market Maker DEX. This, in theory, will give protocols all the power, as opposed to where it would be, which is in the hands of liquidity providers.

 

If you want to invest in this  DeFi project, you should know that there are no tokens up for presale. There will be an airdrop of tokens to the highest-ranked protocols on Fantom. This means that getting in on the action earlier will need you to invest in a Fantom exclusive project.

 

4. Scream

Lending protocols are an integral part of the decentralized world. DeFi protocols help keep the economy going because they facilitate creators as well as the investors that fund them. Protocols such as Aave give leverage to investors that help out everyone involved if done right. They would increase the investor’s profits, which in turn grows the protocols at a rapid rate.

 

The growth of DeFi can bring its downsides, especially concerning how many investors are discouraged from investing because of Ethereum’s current state. This has led to the development of chains like the Fantom network that are quicker and more efficient. It is from this network that the Scream Lending platform originates.

 

Scream is the main lending platform for the Fantom network which has proven successful because of how competitive it can be. In theory, Scream could be the benchmark for future lending protocols because as far as transaction speed, security, and affordability, it is on track to beat its predecessors.

 

5. Minotaur Money

After 2021 saw the success of the Olympus DAO, it is only natural that this quarter would see a new phenomenon. This one comes in the form of the $MINO token under Minotaur Money, which is proving to be the next big thing. With a market cap that is gradually rising and a group of dependable investors, it seems inevitable that this protocol will take over.

 

Final Thoughts

Many people had their opinions on how the crypto markets would do as the year 2022 began. However, the drop in the value of Ethereum and Bitcoin couldn’t have been accurately predicted and the extent of it is surprising. This has opened the door to DeFi as an alternative source of income, even if the risks of it are ever-present.

 

The above protocols have a lot of potentials and it has been shown through their current numbers that they are a safe bet. Words such as speedy, reliable and secure are often used to sell something in business, but the above are worth your time. From lending protocols to bridges, this quarter sees an opportunity to make the most of DeFi in crypto’s current slump.


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