Decentralized Finance, better known as DeFi, has become a groundbreaking concept today, with a market size of about $93.5 billion as of October 2021. That is a huge number, considering the value in decentralized assets owned by people in May 2020 was a mere $1 billion. The fact that DeFi is making a pathbreaking entry into the financial systems of the world can be largely attributed to blockchain technology. There is a definite opportunity for the developers to incorporate blockchain networks and systems on their apps for DeFi operations, looking at the trends in the adoption of this digital finance alternative to traditional banking. By nature, DeFi is built to be open source so as to allow developers to build on top of its existing protocol if they need it. This is a way for the decentralized finance platform to: 1. Enhance transparency through the use of highly traceable and immutable blockchains 2. Encourage permission-less, democratized access to transactional information 3. Keep records decentralized for further protection against tampering or fraud Let’s see how open-source resources can prove to be helpful in developing decentralized finance applications. Some of the best-known projects that developers can build on top of using open source libraries are: * Marble and Airswap (for developing exchanges-based applications) * Polymath and Harbor for investments * Argent and Metamask for wallets * Salt and ETHLend for crediting and lending * Omisego and Groundhog for payments * Ox and Settle for infrastructure Open-source libraries that contain essential coding components such as frontend codes and adapters for other open-source projects can be easily found on Kandi.
Go 19304 Version:v1.10.16-rc1
Go 19304 Version:v1.10.16-rc1 License: Permissive (Apache-2.0)
Python 13013 Version:v3005.1-2
Python 13013 Version:v3005.1-2 License: Permissive (Apache-2.0)
JavaScript 9348 Version:v10.24.2
JavaScript 9348 Version:v10.24.2 License: Others (Non-SPDX)
TypeScript 2074 Version:v4.0.3
TypeScript 2074 Version:v4.0.3 License: Permissive (MIT)
C++ 1047 Version:v3.5.1
C++ 1047 Version:v3.5.1 License: Permissive (MIT)
JavaScript 303 Version:2.0.0
JavaScript 303 Version:2.0.0 License: Permissive (Apache-2.0)
C++ 364 Version:v3.2.3
C++ 364 Version:v3.2.3 License: Permissive (MIT)
JavaScript 176 Version:v3.0.0
JavaScript 176 Version:v3.0.0 License: Permissive (MIT)
Rust 143 Version:v0.3.8
Rust 143 Version:v0.3.8 License: Strong Copyleft (GPL-3.0)
JavaScript 98 Version:Current
JavaScript 98 Version:Current License: Permissive (MIT)
JavaScript 108 Version:0.1.1
JavaScript 108 Version:0.1.1 License: Permissive (Apache-2.0)
JavaScript 115 Version:Current
JavaScript 115 Version:Current License: Permissive (MIT)
TypeScript 75 Version:@hifi/proxy-target@1.8.0
TypeScript 75 Version:@hifi/proxy-target@1.8.0 License: Others (Non-SPDX)
TypeScript 55 Version:Current
TypeScript 55 Version:Current License: Strong Copyleft (GPL-3.0)
C# 54 Version:0.9.2
C# 54 Version:0.9.2 License: Others (Non-SPDX)
JavaScript 39 Version:v1.2.2
JavaScript 39 Version:v1.2.2 License: No License
JavaScript 36 Version:Current
JavaScript 36 Version:Current License: Permissive (MIT)
TypeScript 28 Version:Current
TypeScript 28 Version:Current License: Permissive (MIT)
JavaScript 20 Version:Current
JavaScript 20 Version:Current License: No License
JavaScript 15 Version:Current
JavaScript 15 Version:Current License: No License
TypeScript 4 Version:Current
TypeScript 4 Version:Current License: Permissive (MIT)
See similar Kits and Libraries
Open Weaver – Develop Applications Faster with Open Source