A DeFi aggregator streamlines cryptocurrency exchanges by bringing transactions from several decentralized finance systems (DeFi) together in one place. DeFi, as its name implies, is dispersed among other blockchains, including Ethereum and Binance Smart Chain. There is an ecosystem of separate financial protocols within each blockchain.
While having a large variety of protocols is advantageous to diversify investments and acquire the greatest yield rates from crypto lending, efficiency and convenience are hampered since the financial information is dispersed widely over several protocols. That’s where DeFi aggregators flourish.