Solana is the third-most-popular blockchain among DeFi projects after Ethereum and BSC. There are at least 11 DeFi projects built on the Solana blockchain. This includes decentralized exchanges, decentralized lending platforms, and decentralized marketplaces. With the increasing adoption of DeFi solutions, investing in DeFi tokens for long-term gains makes sense.
1. **Hubble Protocol: Supercharging Liquidity On Solana —** The Solana-based DeFi project is aimed at ‘supercharging liquidity on Solana’. It issues USDH stablecoins at a 0% interest rate in exchange for depositing crypto assets like Bitcoin, Ethereum, etc. The protocol lets users mint USDH and earn a yield on their deposits. Also, users depositing USDH in the stability pool will receive HBB, the governance token of Hubble protocol.
2. **Zebec Protocol: Continuous Settlement On Solana —** Zebec is a Solana-based continuous settlement protocol that makes payments hassle-free and secure. The key features of Zebec include the Zebec Payroll, which enables the composable transfer of value. Zebec Multisig, another outstanding project feature, aims to solve the security risks in existing DeFi infrastructure to minimize hacks and breaches. The project allows users to be paid by seconds in crypto. $ZBC, the native token of the project, has been witnessing a significant price hike over the past few weeks.
3. **Ratio Finance: De-Risking DeFi For All —** Ratio Finance aims to simplify the DeFi space as the world transitions from centralized finance to decentralized finance. It is a quantitive risk assessment protocol on Solana that helps investors know about the risks involved in the space before they start contributing to liquidity. The platform lets investors obtain a crypto-backed loan while earning yield on their deposited collateral. Users can use this yield to clear their dues partly.
4. **Nezha: Stake It To Make It —** Nezha is a Solana-based protocol that helps users safeguard their capital with its reimagined prediction market. Nezha is a high-performance, deployable consensus protocol designed to power the next generation of prediction markets. Unlike traditional prediction markets, users using Nezha only forfeit the return generated on their liquidity, i.e., staking or liquidity mining rewards, but not on the liquidity itself if a prediction goes against their favor.