The interest rates for DeFi are generally quite low compared to CeFi. Using Ethereum as an example.. Compound offers 0.01% and Aave 0.12%.. This is vs BlockFi's 4.5%..The trade off seems to be doing KYC vs low interest rates + the risk of an exploit. Right now DeFi is still very much in the experimental phase.
Yeah i do not know who is parking there Eth for such low returns but the thing is that the rates are floating and are totally dependent on supply and demand so we can assume that once bulls are here and people are into fomo of buying we can see rates going up as well. 
Topic: DeFi and CeFi ratings - page 2. (Read 318 times)
Wait what? We have CeFi? This is the first time that I have heard this term, Lol, it really looks like I need to catch up with my reading here. I'm just exploring the whole DeFi landscape and really trying to understand it. I think it's better for those who are really knowledgable on this subject to somewhat put the pros/cons of each financial instrument that taking the crypto world by storm.
The interest rates for DeFi are generally quite low compared to CeFi. Using Ethereum as an example.. Compound offers 0.01% and Aave 0.12%.. This is vs BlockFi's 4.5%..The trade off seems to be doing KYC vs low interest rates + the risk of an exploit. Right now DeFi is still very much in the experimental phase.
True, but it hasn't always been this way. Not too long ago you could pull 20% interest on the DAI savings rate. Not sure if DeFi rates will ever hit those lofty heights again, but it is possible, particularly during or right after the next ETH bull run. Right now is a great time to be a borrower using DeFi.
The interest rates for DeFi are generally quite low compared to CeFi. Using Ethereum as an example.. Compound offers 0.01% and Aave 0.12%.. This is vs BlockFi's 4.5%..The trade off seems to be doing KYC vs low interest rates + the risk of an exploit. Right now DeFi is still very much in the experimental phase.
DEFI are now very popular and also dangerous due to its high volatility rate. Compound for example mooned heavily and started to drop at an embarrassing rate causing a huge loss to traders. SNX has been doing well even DMG. I don't know what will become of DEFI.
Over the years DeFi system has not made a breakthrough in comparison with it counterpart CeFi but with the return of the DeFi, I am very optimistic to see what they have to offer to keep soaring high.
Actually DeFi based projects have the feature of being cutody or third party free, your funds are directly in your wallet and everything just goes through a smart contract so it gives a sense of scam less environment which gives confidence boost to investors.
Over the years DeFi system has not made a breakthrough in comparison with it counterpart CeFi but with the return of the DeFi, I am very optimistic to see what they have to offer to keep soaring high.
I am not into anykind of decentralized finance kind of stuff till yet to be honest simply because the process looks technical and complicated to me.
Regarding centralized finance, i am not into lending and stuff because it is not worth it because the return is way too low, you can make that much easily in a month if not a week and they are paying that for a whole year so definitely not for me.
Yeah i have similar thoughts too and i think with these returns it is obviously not suitable for small investors or common people but yes these systems will benefit big investors whom we call whales or big institutions who can park their cryptos for a guaranteed return regularly. Regarding centralized finance, i am not into lending and stuff because it is not worth it because the return is way too low, you can make that much easily in a month if not a week and they are paying that for a whole year so definitely not for me.
I am not into anykind of decentralized finance kind of stuff till yet to be honest simply because the process looks technical and complicated to me.
Regarding centralized finance, i am not into lending and stuff because it is not worth it because the return is way too low, you can make that much easily in a month if not a week and they are paying that for a whole year so definitely not for me.
Regarding centralized finance, i am not into lending and stuff because it is not worth it because the return is way too low, you can make that much easily in a month if not a week and they are paying that for a whole year so definitely not for me.
For me nexo seems the better option because it has simple and to the point platform, regulatory compliance, insurance and good storage facilities. The only thing they can improve is to increase returns on crypto holdings i mean 4% for btc and eth a year seem low.
Nexo - most popular in CeFi.
Kyber - popular as an exchange/swap.
As addition to CeFi, we also have Binance.
https://www.binance.com/en/lending
Kyber - popular as an exchange/swap.
As addition to CeFi, we also have Binance.
https://www.binance.com/en/lending
A lot has been talked about DeFi in the recent times and it is encouraging to see how this sector is growing rapidly which indicates the demand and formation of a new and unique financial sector which will have major positive impact on the crypto market as well which we will see in coming months.
Now what i want to discuss is that before DeFi we aleady had a lot of crypto based centralized Finance projects (CeFi) some of them seem to be grown really big business wise.
So here i want to discuss and rate the top projects in both the CeFi and Defi sector that add up to form crypto finance.
You are welcome to share your thoughts, opinions, likings and dislikings regarding these and if you see more high quality projects you can mention them.
Top CeFi based projects:
Nexo
Celcius
Crypto dot com
Blockfi
Amon
Crypterium
Top DeFi based projects:
Aave
Compound
Synthetix
Uniswap
Maker
Kyber
You are open to rate them in terms of security, user and regulatory compliance, profitability and reputation etc.
Now what i want to discuss is that before DeFi we aleady had a lot of crypto based centralized Finance projects (CeFi) some of them seem to be grown really big business wise.
So here i want to discuss and rate the top projects in both the CeFi and Defi sector that add up to form crypto finance.
You are welcome to share your thoughts, opinions, likings and dislikings regarding these and if you see more high quality projects you can mention them.
Top CeFi based projects:
Nexo
Celcius
Crypto dot com
Blockfi
Amon
Crypterium
Top DeFi based projects:
Aave
Compound
Synthetix
Uniswap
Maker
Kyber
You are open to rate them in terms of security, user and regulatory compliance, profitability and reputation etc.
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