DeFi Protocols with the Highest Profits in 2023

posted  26 Dec 2023
Photo - DeFi Protocols with the Highest Profits in 2023
Maker ($95.91 million): The project behind the decentralized stablecoin DAI, offering investors a slice of U.S. Treasury bond yields.

Lido ($55.79 million): A platform that allows users to earn rewards from staking ETH while maintaining the liquidity of their assets.

PancakeSwap ($52.31 million): A decentralized exchange functioning on the BNB Smart Chain, Ethereum, Arbitrum Linea, Aptos, and other networks, with one of the largest TVL.

Convex Finance ($42.23 million): An asset management protocol allowing liquidity providers and stakers to lock Curve tokens and earn extra profit.

GMX ($37.52M): A decentralized derivatives exchange currently deployed on Arbitrum and Avalanche.

You can find out more about each of these projects by searching for their reviews on our website.