Top Ethereum Projects 2022

While everyone is looking forward to the main Ethereum 2.0 update, there are a lot of projects based on this blockchain that are worth our attention. So let’s take a peek at some creations that have already caught the eye of the crypto community in 2022.

Curve (CRV)

The decentralized exchange works on the liquidity pools for an effective, minimal price-slippage exchange of stablecoins. It is working on the Ethereum blockchain. The exchange is in a ratio of almost one-to-one. Each time the market participants make an exchange of assets on Curve, the liquidity providers are rewarded with stablecoins. The project was launched in 2020. Curve’s team is completely anonymous.

MakerDAO (MKR)

This is one of the first decentralized Ethereum blockchain lending protocols. Lending is carried out by opening a collateral position through the Oasis smart contract. After the collateralized debt position is open, the borrower receives DAI stablecoins. Thus, the user supports DAI emission and gets a fully backed by collateral. The project was launched in 2018.

Convex Finance (CVX)

The decentralized staking platform is based on the Curve exchange protocols. On Convex Finance, Curve liquidity providers can increase yield without blocking CRV tokens. Staking participants block Curve LP liquidity provider tokens. It’s enough to put LP tokens in the staking pool to both earn with the exchange commissions and receive an additional interest from the commission rewards staking. The advantage of the service is the absence of withdrawal fees. Also, the platform does not set a minimal fee for placing funds in the pool, which reduces the cost of gas at a low network load.

Lido DAO (LDO)

The decentralized platform is made for liquid staking of Ethereum coins. There is no minimum deposit on the platform. When ETH coins are staked, the user gets a srETH token — it is completely liquid and used in the DeFi ecosystem on Ethereum. Users can deposit stETH as collateral and receive an additional interest of the daily staking reward.

Aave (AAVE)

This is the lending protocol and decentralized exchange on the Ethereum blockchain. Lending and depositing work through the liquidity pools. Depositors freeze tokens and receive interest and commission rewards. Borrowers get loans and receive additional assets. In order to get a loan, it’s necessary to open a deposit. It will become a collateral position in the transaction.

So here are the top 2022 Ethereum projects that are already pretty popular or have great chances to become ones. We will follow the updates in the Crypto World and will definitely keep you informed about all the latest products on our SimpleSwap Blog!