Everyone looks to get ahead and fatten their wallets and now there are money-making opportunities being created through decentralized apps, or DApps, that cater to the DeFi industry and those who employ its blockchain networks.
Decentralized Finance, also known as #DeFi, is the next evolution in the finance industry as it builds off the common narrative throughout 2018 and grows in popularity with projects like those that are being developed within the Ethereum ecosystem and beyond. DeFi’s purpose is to bank the unbanked, redistribute wealth and help users achieve financial freedom. DApps are opening up the financial system to create a more merit-based economy where you can earn rewards based on your skills, for the ability to make accurate predictions, and by lending or staking their personal capital.
In this article, we’ll explore a handful of projects that you can make money from by using their Ethereum-based DApps.
This is the easiest way to monetize or incentivize work in open-source software. Contributors can explore existing bounties and get started on it. After work gets reviewed and approved contributors get paid for their services. Since its launch in November 2017, Gitcoin has helped 305 funders reach an audience of 17,414 developers.
Create bounties for any task, easily transact in ETH or ERC-20 tokens on the Bounties Network. This empowers users to incentivize and self-organize – from freelancing to grassroots social action, and anything in between. This network has already generated over $400,000 in total bounties.
Currently in beta, Cent is allowing people to earn money from anywhere for the work they do. Cent is founded on the principle idea that social networks, as they exist, are essentially content networks. The team at Cent believes they can challenge the status quo of Facebook, Instagram, and Snapchat. Users call themselves “Centians” and refer to “centing” something as putting a bounty on it.
On Ethlance you can find work and get compensated in digital currencies. The Ethlance platform takes no cut and doesn’t charge any fees for the service. You can apply for, or create, an unlimited number of jobs ranging from designing websites, ghostwriting articles, or joining discord chats.
Lenders and borrowers are connected via smart contracts safely and securely without the need for intermediaries. The platform has a native token LEND, that if used on the platform as the medium of exchange grants access to zero-fee lending. ETHLend is a subsidiary of Aave and the parent company recently opened an office in London.
Dharma is a suite of smart contracts and developer tools that make it possible to borrow and lend crypto-assets on Ethereum. Their website has a lengthy list of tutorials that allow people to approve ERC-721 tokens for collateral in loans as well as a relayer starter kit.
It’s important to note that, at the time of writing this, some of these sites are fairly established while others may still be in beta. If you have experience with any of these DApps or know of others, leave a comment and tell us about it. We’d love to hear from you.
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