The ICON Defi Guide: Part 9 — How ICON Benefits from DeFi

Arbitrage

Token Proliferation

DeFi Protocol Transactions

  • Any trade made on an AMM or DEX
  • Liquidity added or removed from an AMM
  • Minting of an LP token on an AMM
  • Depositing or removing collateral into Balanced
  • Minting ICD
  • Minting BALN tokens for Balance users
  • Depositing or removing collateral into Omm
  • Minting of OMM tokens for Omm users
  • Depositing or withdrawing ICX in Optimus
  • Minting finICX and FIN tokens on Optimus

DeFi on Ethereum

Source: DappRadar
Source: DappRadar

Conclusion

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ICONOGRAPHER

ICONOGRAPHER

ICON contributor and analyst, ready to hyperconnect the world. Twitter: @iconographerICX