[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  BOE - Build on ETH [@buildonethcto](/creator/twitter/buildonethcto) on x XXX followers Created: 2025-07-11 15:47:24 UTC Key Components built on Ethereum: DeFiDecentralized Exchanges (DEXs): Platforms like Uniswap, SushiSwap, and Curve allow users to trade cryptocurrencies peer-to-peer without a centralized exchange. How it works: Liquidity pools, funded by users who deposit tokens, facilitate trades. Users earn fees for providing liquidity. Example: Swapping ETH for DAI on Uniswap using an Automated Market Maker (AMM) model. Lending and Borrowing Platforms: Protocols like Aave, Compound, and MakerDAO let users lend crypto to earn interest or borrow against their crypto holdings. How it works: Users deposit assets into smart contracts as collateral to borrow stablecoins or other tokens. Interest rates are algorithmically set based on supply and demand. Example: Deposit ETH on Aave to borrow USDC, or earn yield by lending stablecoins. Stablecoins: Tokens like USDT, USDC, and DAI are pegged to fiat (e.g., USD) to reduce volatility, making them key for DeFi transactions. MakerDAO’s DAI: A decentralized stablecoin backed by ETH or other assets, stabilized via smart contracts. Example: Use DAI to trade or borrow without worrying about crypto price swings. Yield Farming and Staking:Users provide liquidity or stake tokens in protocols to earn rewards, often in the form of governance tokens or interest. Example: Stake ETH-USDC on Uniswap to earn UNI tokens or fees from trading volume. #BuildonEth XXXXX engagements  **Related Topics** [dai](/topic/dai) [cryptocurrencies](/topic/cryptocurrencies) [sushiswap](/topic/sushiswap) [uniswap](/topic/uniswap) [exchanges dexs](/topic/exchanges-dexs) [exchanges](/topic/exchanges) [boe](/topic/boe) [ethereum](/topic/ethereum) [Post Link](https://x.com/buildonethcto/status/1943698646928663014)
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BOE - Build on ETH @buildonethcto on x XXX followers
Created: 2025-07-11 15:47:24 UTC
Key Components built on Ethereum:
DeFiDecentralized Exchanges (DEXs): Platforms like Uniswap, SushiSwap, and Curve allow users to trade cryptocurrencies peer-to-peer without a centralized exchange.
How it works: Liquidity pools, funded by users who deposit tokens, facilitate trades. Users earn fees for providing liquidity.
Example: Swapping ETH for DAI on Uniswap using an Automated Market Maker (AMM) model.
Lending and Borrowing Platforms: Protocols like Aave, Compound, and MakerDAO let users lend crypto to earn interest or borrow against their crypto holdings.
How it works: Users deposit assets into smart contracts as collateral to borrow stablecoins or other tokens. Interest rates are algorithmically set based on supply and demand.
Example: Deposit ETH on Aave to borrow USDC, or earn yield by lending stablecoins.
Stablecoins: Tokens like USDT, USDC, and DAI are pegged to fiat (e.g., USD) to reduce volatility, making them key for DeFi transactions.
MakerDAO’s DAI: A decentralized stablecoin backed by ETH or other assets, stabilized via smart contracts.
Example: Use DAI to trade or borrow without worrying about crypto price swings.
Yield Farming and Staking:Users provide liquidity or stake tokens in protocols to earn rewards, often in the form of governance tokens or interest.
Example: Stake ETH-USDC on Uniswap to earn UNI tokens or fees from trading volume.
#BuildonEth
XXXXX engagements
Related Topics dai cryptocurrencies sushiswap uniswap exchanges dexs exchanges boe ethereum