Exploring the Financial Services and Benefits of DeFi on Sui: Part 2

The rise of decentralized finance (DeFi) has brought about a surge in the number of people joining the space, with liquidity providers (LPs) reaping the benefits in the form of attractive yields. Sui DeFi protocols are offering returns ranging from 20-40%, making it a lucrative investment opportunity for investors.

One of the key financial services available on Sui is lending protocols, which allow users to borrow money from liquidity pools. These pools hold extra funds that users can access when needed. Suilend, one of the top Sui lending protocols, offers users the ability to borrow funds from these pools based on specific criteria.

Another important aspect of DeFi on Sui is the use of decentralized exchange (DEX) pools, where users can trade between different pools to create liquidity. Liquid staking protocols on Sui offer safer options with around 3-4% yields on SUI tokens, making it an attractive choice for investors looking for lower risk options.

Staking is also a popular utility of DeFi on Sui, where users can stake their SUI tokens and receive staking rewards of 3.5% annually. Liquid staking tokens (LSTs) such as HaSUI, vSUI, and afSUI are provided in return for staked SUI tokens, which can be used in various DeFi operations.

Decentralized exchanges (DEXs) play a crucial role in DeFi, allowing users to swap on-chain tokens at any time. DEXs like Cetus, Turbos, Kriya, and FlowX on Sui offer different trading options based on Uniswap V2 and V3 protocols.

The lending protocols on Sui, such as Scallop and Bucket, provide users with the opportunity to lend their assets for yields or borrow assets by posting collateral. Derivatives trading on Sui, including perpetual exchanges and options vaults, are gaining traction among seasoned traders for managing spot positions and increasing returns.

In conclusion, Sui continues to expand its DeFi offerings, providing a range of options for both seasoned traders and beginners. With its efficient DEXs, lending protocols, and derivatives trading, Sui is establishing itself as a prominent player in the DeFi space.