Classification of DeFi Projects

DeFi projects can be classified into different categories. One category is Stablecoin, which includes projects like Maker DAO and Terea that focus on creating decentralized stablecoins. Another category is Lending, with Compound being a prominent example. DEX (decentralized exchange) platforms like dydx and AMM (automated market maker) platforms like Uniswap fall under the category of decentralized exchanges. Derivatives trading platforms like dydx are also part of the DeFi ecosystem. Lastly, Oracle services like Chainlink play a crucial role in providing reliable data to DeFi projects.

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