What is Defi for me:
This is an opportunity to change one cryptocurrency for another on decentralized exchangers
https://bitcointalksearch.org/topic/cross-chain-bridge-aggregators-5389259
Loans, loans, blocking funds in other people's smart contracts can ruin you. It's not worth the risk for 10-15% per annum, if the project promises more, then it's a scam.
Topic: Defi and it's Source of Money Flow[ (Read 82 times)
Defi and it's Source of Money Flow
Decentralized Finance is said to be custodial clients technology that exists in cryptocurrency which make use of smart contract on the distributed ledger of blockchain technology to perform their services without going through exchange or brokerage as third party. I've come across alot of articles that talks about DeFi ways of scam and how many it has a widespread of it wrong advantage in cryptocurrency but in this article, i will like to discuss with us some of the ways in which they experience a flow of money (coins) within their system and how to identify the abused type.
It is also believed that some of the failed project in altcurrencies uses DeFi as backbone of their scam project launch, that's why you can see lots of thousands altcoins (shitcoins) out there not withstanding the tenacity to last long, they cart away all investment made by users all of a sudden and left them without a choice, is Defi really meant to harm, hurt and scam people? No but users will got more interesting enlightenment as follows:
How Defi Source for Income
1. Trading
2. Charges on Transaction
3. Borrowers Interest
What to take Note
source
This is where investors needed to observe and take heed before going for a project, their level of research must be convincing enough and ascertain this:
Warning!
Decentralized Finance is said to be custodial clients technology that exists in cryptocurrency which make use of smart contract on the distributed ledger of blockchain technology to perform their services without going through exchange or brokerage as third party. I've come across alot of articles that talks about DeFi ways of scam and how many it has a widespread of it wrong advantage in cryptocurrency but in this article, i will like to discuss with us some of the ways in which they experience a flow of money (coins) within their system and how to identify the abused type.
It is also believed that some of the failed project in altcurrencies uses DeFi as backbone of their scam project launch, that's why you can see lots of thousands altcoins (shitcoins) out there not withstanding the tenacity to last long, they cart away all investment made by users all of a sudden and left them without a choice, is Defi really meant to harm, hurt and scam people? No but users will got more interesting enlightenment as follows:
How Defi Source for Income
1. Trading
2. Charges on Transaction
3. Borrowers Interest
What to take Note
source
This is where investors needed to observe and take heed before going for a project, their level of research must be convincing enough and ascertain this:
Warning!
Quote
For users, it is always important to look at the bigger picture. If something offbeat is noted, then it is essential to exercise caution. If the revenue relies entirely on new token buyers, that is a red flag. Alongside, for instance, if the protocol doesn’t work without a rewards token, even that is not a healthy sign.
https://watcher.guru/news/defi-decrypting-where-all-the-money-in-the-ecosystem-is-coming-from
https://watcher.guru/news/defi-decrypting-where-all-the-money-in-the-ecosystem-is-coming-from
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