Disclaimer: This is not financial advice. The opinion you should follow should be your own. This guide is for educational purposes only.

Decentralized finance and decentralized exchanges have become a hot topic in the crypto world in recent times. With many projects emerging, offering innovative ideas to create applications that offer alternative ways in exchanging and making money in the crypto space. A wide range of DEX’s emerged in 2019 including the much anticipated Binance DEX, Uniswap and even the infamous John Mcafee launched his own DEX recently. DEFI applications have also been popping up, with Maker Dao allowing users to stake collateral for DAI and earn savings by lending out there crypto. There are also hundreds of other protocols offering similar functions.

An interesting project that has recently caught our eye at MarketHodl is Thorchain. Thorchain is a cross-chain permissionless digital asset exchange, allowing users to instantly swap tokens swiftly. The project creates an incentive to users, offering lending and borrowing on any asset and also stake assets in liquidity pools to earn fees.