What are the Top 5 MicroCap Lending and Borrowing Projects on BSC?

Here, we outline the top five lending projects on Binance Smart Chain under a $50 Million market cap.

By
Kyle Heise
on
October 15, 2021
Category:
BSC News

Top Five MicroCaps

We’re all familiar with the top lending and borrowing platforms, protocols like Venus Protocol or PancakeSwap, but what about the projects that are showinig real promise and just beginning to establish themselves?

Where you place your money is an essential decision in Decentralized Finance (DeFi) but often the highest gains can be found on protocols with smaller market capitalizations

BSC News issues weekly stats on Twitter, and here we’ll dive into the top five micro-cap protocols that have under $50 Million in total volume locked. Let’s take a look at who these protocols are and how they fared over the week.

Source

DeFi For You

DeFi For You was built to bridge the gap between DeFi and the unbelievable amount of value held by the hard assets of the world. Interested parties can use real assets as collateral for crypto borrowing and lending. DeFi for you uses pawnbrokers across the United Kingdom to store, value, and tokenize the assets, and the borrower receives a Non-fungible Token (NFT) with a representing value.

“We want people to be able to get a crypto loan against their hard assets like luxury watches, cars, jewelry, and so on,” William Gray, CMO of DeFi for You, told BSC News in an August AMA.
Source

Stats from over the past week for the native token of DeFi For You, $DFY:

  • Market Cap: $36,061,227
  • 24/hour Trading Volume: $3,167,016
  • Token Price: $0.09592, at the time of writing
  • Seven Day Low: $0.07975 
  • Seven Day High: $0.1507
  • Overall Seven Day Price Fluctuation: 88.97%
  • All-time high: $.28 (-65.8%)
  • All-time low: 0.03152 (+203.79%)

Where to find more about DeFi For You:

Website | Telegram | Twitter | GitHub |

UniLend

UniLend is a permission-less DeFi protocol that allows spot trading services and money markets with lending and borrowing services through smart contracts. UniLend supports trading with cryptocurrencies, synthetic real-world assets, and derivatives. The native token of UniLend is $UFT, UniLend Finance Token. The token has a variety of use cases for governance, platform utility, and more. 

Source

Stats from over the past week for $UFT 

  • Market Cap: $32,527,729
  • 24/hour Trading Volume: $4,099,454
  • Token Price: $1.05, at the time of writing
  • Seven Day Low: $1.00
  • Seven Day High: $1.21
  • Overall Seven Day Price Fluctuation: 21%
  • All-time high: $4.39 (-76.14%)
  • All-time low: $0.1343 (+680.07%)

Find more about UniLend:

Website | Twitter | Telegram | Medium |


dForce

dForce is an integrated and interoperable open finance and monetary protocol matrix covering asset trading with an aggregator and Automated Market Maker (AMM) and lending (global liquidity pool). dForce supports a variety of different assets including, multicurrency stablecoins, synthetic assets, USDx, GOLDx). dForce is currently accessible on the Ethereum and Binance Smart Chain networks. dForce Token (DF) is the native governance token for the dForce network. The token is used for tasks like bringing in new assets and collaterals, changes to risk parameters, fee accrual, and interest returns through the voting process.

Source

Stats from over the past week for $DF 

  • Market Cap: $23,312,516
  • 24/hour Trading Volume: $7,793,994
  • Token Price: $0.2031, at the time of writing
  • Seven Day Low: $0.191
  • Seven Day High: $0.2365
  • Overall Seven Day Price Fluctuation: 23.82%
  • All-time high: $1.18 (-82.79%)
  • All-time low: $0.07025 (+189.11%)

Find more about dForce:

Website | Twitter | Medium | Telegram |


BiFi Lending

BiFi is a multichain DeFi project created by the Bifrost Team. The project is a lending, borrowing, and staking platform on Binance Smart Chain and Ethereum. BiFi has three main services Lending, Pooling, and Staking. The native token of BiFi performs multiple functions for BiFi's multichain DeFi platform. Along with being the governance token, it can be used as the currency to pay for multichain DeFi services on BiFi.

Source

Stats from over the past week for $BIFI 

  • Market Cap: $23,312,516
  • 24/hour Trading Volume: $748,452
  • Token Price: $0.1208, at the time of writing
  • Seven Day Low: $0.08419
  • Seven Day High: $0.138
  • Overall Seven Day Price Fluctuation: 23.82%
  • All-time high: $0.2967 (-59.1%)
  • All-time low: $0.01024984 (+1088.3%)

Find more about BiFi Lending and BiFrost:

Website | Twitter | Telegram |

Annex Finance

Annex Finance is a cross-chain DeFi platform that collateralized lending protocol, AMM, IDO auctions, and NFT. ANN is the native token of the protocol that serves as the governance token and supplies liquidity and collateral. Annex Finance seeks to become a sophisticated lending and borrowing platform in the DeFi space. 

“We are building a one-stop Defi platform, users can lend & borrow, supply liquidity, sway tokens (AMM), buy NFTs and even launch projects via our unique IDO auction launchpad,” David, founder of Annex Finance in the BSC News AMA from July.

Stats from over the past week for $ANN 

  • Market Cap: $11,965,537
  • 24/hour Trading Volume: ​​$80,550
  • Token Price: $0.2891, at the time of writing
  • Seven Day Low: $0.2279
  • Seven Day High: $0.3126
  • Overall Seven Day Price Fluctuation: 37.17%
  • All-time high: $0.8076 (-64.21%)
  • All-time low: $0.223 (+29.61%)

To learn more about Annex Finance, visit the following links:

Website | Twitter | Telegram | Medium | Reddit

When deciding to trade in microcaps, BSC News does of course suggest users excerscise the utmost caution as the market can be exceptionally volatile.

Don’t forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for Binance Smart Chain and crypto!

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Kyle Heise

Born and raised in the East Bay of California. He has studied and worked on three continents and lived in eight countries. Kyle resides in San Francisco. He holds bags mostly in Ethererum, Cake, and BSC GameFi projects.

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