Hive Best DeFi Project Hive has a developing DeFi landscape with yield farming, lending, and liquidity mining. This sector is more accessible to regular users because Hive has cheap fees as well as fast transactions. Below are the best DeFi projects on Hive in 2024.
LeoFinance (LEO) Platform: leofinance.io
Important Features: Lending & Borrowing allows you to earn interest by lending LEO and Hive tokens by app on the Hub. Yield Farming—you can stake LEO in Cub Finance and receive very high interest. The LEO Token can be used for governance, staking, and liquidity mining.
Why is it good? LeoFinance provides the largest variety of DeFi features by offering blogging-which involves trading—and the ability to earn yield with Hive.Cub Finance
Platform: cubdefi.com
Key Features:
You can use an Automated Market Maker (AMM) for instant trading of HIVE, LEO, and HBD tokens.
You can also earn fees by providing your tokens to liquidity pools (like LEO/HIVE).
You can also earn further rewards by staking your LP tokens on CUB.
Why It's Great?
In Hive, Cub Finance is like Uniswap by allowing liquidity providers APRs, which can often exceed 100%.Splinterlands (SPS)
Platform: splinterlands.com
Key Features:
DeFi Staking - You can earn SPS by staking assets you play with in the game.
Governance - SPS holders vote on improving the game.
Liquidity Mining - Provide SPS/HIVE liquidity, earn rewards.
Why It's Great?
Splinterlands combines NFT gaming with DeFi, making it a unique project on Hive!Hive-Engine (SWAP.HIVE)
Website: hive-engine.com
Key Features:
Token Trading - Buy and sell a variety of Hive tokens.
Stake Pool - Earn greater yields on your crypto.
Often, new DeFi will begin on the Launchpad.
Why It's Great?
Hive's DeFi will mostly rely on Hive-Engine to be the basis of the tokens that will form an ecosystem on the platform.PolyCUB (Cross-Chain DeFi)
Website: polycub.com
Key Features:
Transfer assets from Hive to Polygon or BSC and back.
Sharing and earning rewards on different networks.
Lower Costs -Don't worry about gas fees with Ethereum.
Why It's Great?
PolyCUB allows interoperability between Hive and other blockchains.DSwap (Decentralized Exchange)
Website: dswap.io
Features:
Swap between HIVE, HBD, and Hive-engine tokens with Token Swaps.
Liquidity Mining—allowing for currency transfers and keeping fees.
Better rates—generally better pricing on a DEX than on a CEX.
Why It's Great?
DSwap is a fast and easy way for Hive users to trade coins with no fees.
Top Strategies for Earning the Most on Hive.
[1] Provide liquidity to a pool to earn money and get rewards from farming.
[2] Earn rewards from your tokens and reinvest them to grow your holdings fast.
[3] Trying a range of DeFi projects will lessen risks.
Final Thoughts
Hive's DeFi system is designed to reduce fees and operate at speed. Yield farming, lending, and cross-chain swaps are among the passive income options these projects make available.
some other hive defi tools are - LeoDex, HiveList, VSC Network, tribaldex, waivio
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