How do you choose a reliable DeFi platform?

To choose a reliable DeFi platform, it’ s essential to check the project’s reputation, ensure its security through independent audits, and understand the transparency of its operation.

Careful assessment of these factors is necessary to minimize the potential risks associated with participation in the ever-changing DeFi ecosystem.

We’re still waiting for DeFi rating agencies, or even decentralized institutions, to tell Web3 users how serious decentralized platforms are. For the time being, it’s still a bit of a jungle, but there are some very reputable platforms where there are no worries whatsoever.

Some of the best-known:

1. Uniswap
2. Jup.ag
3. PancakeSwap
4. Curve
5. Osmosis
6. TraderJoe