dYdX is a protocol that operates within the decentralized finance (DeFi) ecosystem, established in 2017. It runs on the Ethereum blockchain and stands out from its competitors due to its ability to conduct derivative transactions. The protocol operates in a decentralized manner, with all transactions carried out through smart contracts.

Compound is a decentralized finance (DeFi) protocol that runs on the Ethereum blockchain. The platform is also compliant with the Ethereum ERC-20 standard. It enables users to borrow or lend cryptocurrency assets by providing a specific collateral.

Lido DAO is a decentralized protocol that emerged as a new step in the Ethereum community's efforts towards decentralization. Lido offers solutions for users who want to earn passive income through staking. Lido DAO is a decentralized protocol created in March 2020 with contributions from many developers and participants. The management of the protocol is carried out through the votes of LDO token holders.

Curve is a platform in the decentralized finance (DeFi) ecosystem, which operates using the ERC-20 token standards on the Ethereum blockchain. It can be used in various DeFi applications such as liquidity pools and payment protocols.

Uniswap is a decentralized exchange (DEX) platform based on Ethereum. It was launched in 2018 and it executes transactions using an automated market maker (AMM) protocol. Uniswap conducts transactions through liquidity pools. These pools allow users to exchange one asset for another. One of the most important features of Uniswap is that it does not require any permission.

Solana Network was founded by Anatoly Yakovenko in 2017. Its most notable feature is its transaction speed. The network has the capacity to process an average of 65,000 transactions per second, meaning that Solana is capable of executing transactions almost instantly.

Avalanche is a fast, scalable, and secure blockchain protocol established in 2018 by Emin Gün Sirer and his team. It allows for easy transfer of data and assets by integrating with multiple blockchain networks.

Cosmos was founded by Jae Kwon in 2014 and launched its own network in 2019. It is an open-source blockchain platform that serves as a protocol allowing interaction with other blockchains. The purpose of Cosmos is to facilitate communication between different blockchains and enable them to transfer data and assets to one another. The Cosmos network consists of a central chain called the Cosmos Hub, which allows other blockchains to connect to the Cosmos network.

Polkadot is a platform designed to facilitate interaction between blockchains and enable asset transfers between chains. It was founded by Dr. Gavin Wood, a former developer of Ethereum, in 2016. The native token of Polkadot is DOT.

Ethereum is the second-largest cryptocurrency in terms of market capitalization. It was launched in the last quarter of 2013 by Vitalik Buterin, a Russian-Canadian computer programmer. The Ethereum infrastructure has created numerous token standards, including ERC-20 and ERC-721.

Due to their high value as a financial asset, it is difficult to use cryptocurrencies like Bitcoin for low-volume transactions. Therefore, Bitcoin is divided into small pieces for low-volume transactions. Breaking down financial assets like Bitcoin into small units can be complex and can lead to increased costs. This is where the Unspent Transaction Output (UTXO) model comes into play.

Flash loans are one of the most commonly used terms in the Decentralized Finance (DeFi) ecosystem. Essentially, flash loans are a type of loan that allows users to borrow or lend assets without requiring any collateral, and they must be repaid within a single block process (which can vary depending on the blockchain platform being used, such as Ethereum where there block time is 15 seconds).