![]() Users can convert their local currencies into digital dollars to safeguard their funds from the risk of inflationary impacts. Stablecoins are digital assets whose value will not be affected by external factors like government measures, wars, etc. The Reserve Protocol hosts a decentralized stablecoin named RT Token. It has 11,000,000 coins in circulation and a total supply of 11 million coins. The 24h trading volume of the coin is $21,009,592. The current market price of REP is $1.23 with a market cap of $94,291,956. However, traders do not need to hold REP to bet on the platform. The rewards earned on this platform are paid in REP. REP is the native token that can be used to create a prediction market on the platform, purchase tokens for participation in the wager and dispute the outcome of an event. Users are rewarded when they predict an outcome correctly. They lose or gain according to the outcome of the event. On this platform, instead of trading in cryptos, users can trade on the wager of events. 10 Top Defi Coins based on 7 Days Price Movement:Īugur is a decentralized prediction market platform built on the Ethereum blockchain. We have explained below some of the top DeFi Coins to help you understand their advantages and the underlying protocol. With more and more DeFi coins entering the digital asset market, it gets confusing for investors to know about their utilities and potential in the future. Owing to such developments, the DeFi industry is gaining widespread popularity as an investment option. ![]() To attain this objective, significant developments are being constantly added to the DeFi protocol for its advancement. ![]() The prime objective of DeFi is to create an open finance market wherein the role of centralized financial intermediaries will be minimized to ensure faster financial transactions with zero paperwork. Join Our Telegram channel to stay up to date on breaking news coverage
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