Why use the Waves protocol for DeFi applications?

In this article, Vladimir Zhuravlev, Waves developer advocate, explains the advantages of the Waves protocol for building DeFi apps.

When Waves was founded five years ago, it was hard to imagine, in what direction the blockchain space will move. Decentralized finance (DeFi) was still in its formative phase, and many contemporary DeFi tools had not yet been invented.

But Waves’ approach has always centered on high throughput and low fees. And today, when DeFi is all the rage, these advantages make the Waves ecosystem one of the DeFi pioneers. A number of successful DeFi apps have been built on the Waves protocol, including Waves.Exchange, the AMM service Swop.fi, Decentralized Forex and the Neutrino stablecoin protocol.

Why are developers choosing the Waves protocol for their DeFi apps?

Fixed fees

Just about everyone has complained about exorbitant fees on Ethereum. There have been numerous jokes about that from prominent people, including this one, from the Binance founder: