ConsenSys Lists 12 Ethereum DApps That Can Make You Money
Enterprise Ethereum Company ConsenSys recently listed 12 decentralized applications (DApps) and platforms on the Ethereum network that are usable right now and that users can make money on.
The list includes DApps for bounties and freelance work, lending and staking platforms, and prediction markets.
The 12 DApps listed are as follows:
#1 – Gitcoin
This DApp provides an easy of monetizing or incentivizing work in open source software by letting contributors explore and work on existing bounties. Gitcoin has helped 763 unique coders reach 305 funders since November 2017.
#2 – Bounties Network
It helps users create bounties for any tasks with transactions using ETH and ERC-20 tokens. It has generated $400,000 in total bounties to date and has enabled asks from grassroots social action to freelancing opportunities, and anything in between.
#3 – Cent
Another bounty network, Cent is based on the idea that social networks run on content but don’t provide enough value to the content creators. Creators can share and connect using the platform with users calling themselves Centians and use the term ‘centing’ for putting a bounty on something.
#4 – Ethlance
The platform allows users to find work they like or can do. Compensation is paid in digital currencies while the platform doesn’t charge any fees to the users and allows an unlimited amount of jobs to be created. Users post jobs in IT, writing, web development, app development, and other such categories.
#5 – MakerDAO CDP
MakerDAO CDP (Collateralized Debt Position) allows users to borrow DAI using ETH. The ETH remains locked in a smart contract until the burrowed DAI is paid back. The dApp currently holds 1.80% of the total ETH supply in these unique smart contracts.
#6 – ETHLend
Using its native token LEND, users can enjoy zero-fee lending using smart contracts where digital assets are provided as collaterals. It is a subsidiary of Aave. The collateralized assets are stored in a non-custodian depository smart contract. This helps in providing added security on the network.
#7 – Compound Finance
Compound Finance allows users to supply their idle crypto holdings to its open-source protocol for money markets on the Ethereum network. The algorithmic markets adjust the interest rates users can earn depending on the demand and supply of available crypto assets.
#8 – Dharma
Another Ethereum-based lending and borrowing platform, Dharma comes with a wide range of smart contracts that let users approve ERC721 tokens as collateral for loans. They provide a relayer starter kit along with several tutorials for users to get started on the platform.
#9 – Gnosis
Gnosis Olympia allows users to make predictions and win GNO tokens every time they are successful. The alpha version of the platform is designed to let users try their hands at trading. They also have a developer contest called Gnosis X offering up to $100k USD value in GNO coins to the winners.
#10 – Augur
Augur lets users stake ETH and make predictions about a wide range of topics- ranging from elections to the price of a cryptocurrency.
#11 – Pdotindex
The price-weighted index brings unique derivatives based on celebrities. It is derived from speculative positions on the Augur markets and has indices based on basketball star LeBron James, pop singer Ariana Grande, and many others.
#12 – Veil
Veil is a derivatives platform and peer-to-peer prediction market that is built on Ethereum, 0x, and Augur. The 0X protocol is used to improve the trading process as it minimizes the number of transactions required for the market creation and cancellation process. Veil’s newest instant settlement feature allows users to settle before the market is finalized on Augur.
The full detailed and original version of this list can be found on the ConsenSys Medium channel.
ConsenSys Lists 12 Ethereum DApps That Can Make You Money was originally found on copy trading cryptocurrency | Blockchain News | Bitcoin News | blokt.com.