These Top DeFi Projects Could Go Parabolic, Says Trader Elliot Wainman

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Popular crypto trader Elliot Wainman has updated followers on his list of decentralized finance (DeFi) projects that could go parabolic in the coming weeks. 

In a recent YouTube video, Wainman pointed followers to Mainframe (MFT), which he said had the potential to become the next Aave. 

He said:

Mainframe is essentially a protocol for borrowing and lending at a fixed rate. This is a big deal. This is why I like MPH (88 mph) and this is why I like Mainframe because fixed-rate lending is the most attractive form of lending.

Wainman noted big money could enter the project in the form of bond-markets, leveraging the fixed-rate interest. 

The popular trader was also bullish on Rari Governance Token (RGT), which he called a nascent version of Yearn.Finance (YFI). 

He continued:

They’re saying you can earn autonomous yield and that Rari Capital aims to deliver the best yield. It’s the same concepts that we’re seeing in YFI but with some more nuances. They’re focused on sustainable yield.

Wainman highlighted Paid Network (PAID) as another DeFi project for followers to keep an eye on, disclosing he had personally invested in the project. He called the team passionate about smart contracts and optimizing workflow, and said it could be a useful product if widely adopted. 

The trader rounded out his top DeFi selections with YOP, BMI and PROS, noting that each was a small-cap altcoin with upside potential.

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