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Topic: DeFi - ETH Financial Ecosystem (September 2019) (Read 562 times)

legendary
Activity: 1932
Merit: 4602
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I'm resuming my old topic for a new report on the DeFi ecosystem
CryptoRank: An Overview of the DeFi Sector Landscape

https://cryptorank.io/ (C)
As you can see, Liquid Staking is now popular and in what projects. Liquid Staking is more convenient and secure than older PoS protocols.

Take a closer look at the projects that are alive now. In the future, everything will be fine for them too.
legendary
Activity: 1932
Merit: 4602
Buy on Amazon with Crypto
MetaMask Surpasses 21 Million MAUs as ConsenSys Raises $200 Million to Make Web3 Universally Easy to Use, Access, and Build On
https://consensys.net/blog/press-release/metamask-surpasses-21-million-maus-as-consensys-raises-200-million-to-make-web3-universally-easy-to-use-access-and-build-on/
"MetaMask is the primary way a global user base of approximately 21 million monthly active users — a 38x increase from 2020 — interacts with a universe of approximately 3,700 unique Web3 applications."
legendary
Activity: 1932
Merit: 4602
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https://www.coingecko.com/buzz/q2-2021-quarterly-cryptocurrency-report

"Here are our top-8 Q2 2021 crypto highlights:

Dogecoin flew to the moon as it gained 366% and outperformed the Top-5 cryptocurrencies
Bitcoin ended Q2 2021 at $35,969, a 44% decline from it's All-Time High
BSC and Polygon are leading the DeFi expansion beyond Ethereum
Despite not being in the top-5 cryptocurrency, SHIB outperformed DOGE as it ended the quarter with an 11,566,501% return
Gaming NFTs saw renewed interest, although floor prices have also dropped
Axie Infinity’s trading volume 131X Year-to-Date, signaling the explosive growth in its popularity
Corresponding to volume increase, Axie Infinity saw its revenue grow 118x in the same time frame.
Spot exchange volume had its monthly high in May at $3.5 trillion before it dropped 60% in June 2021. "
sr. member
Activity: 2422
Merit: 267
Hire Bitcointalk Camp. Manager @ r7promotions.com
When you see post like this, it sometimes challenge me, how some people can see into the future and be right, this post was written when only few people where taken DEFI serious. DEFI has come out shining now and it can only grows it pie as time goes on
every new system appears it will always make a surprise that makes people very interested, eventually it will come back to whoever runs and does that which determines. defi experienced this and the same as when the ICO changed to IEO and finally no longer heard the joy because everything returned to a state of many frauds in every new thing.
hero member
Activity: 2128
Merit: 530
PredX - AI-Powered Prediction Market
When you see post like this, it sometimes challenge me, how some people can see into the future and be right, this post was written when only few people where taken DEFI serious. DEFI has come out shining now and it can only grows it pie as time goes on
jr. member
Activity: 840
Merit: 4
I don't jump into the DeFi train just because some people did. Most of its projects are over rated anyway
legendary
Activity: 2156
Merit: 1151
Nil Satis Nisi Optimum
Andre Cronje again distinguished himself Cheesy He shared new developments and after that users began to buy on Uniswap test token LBI, the trading volume was impressive: ~ $5.5 million.

But then Cronje, as in previous times, said that his token is not of any value and in general will be used only by developers.

After that, the token price collapsed from 0.075 to 0.013 within 20 minutes:

https://i.ibb.co/sVyyk7N/photo-2020-10-14-14-24-46.jpg

sources:

- forklog.com
- ChartFX


Cronje is a magician. Cool

is it he a magician, or there are people that do not think before making investment, i am really not sure
but, on the other hand, Cronje said that YFI do not have any value, and YFI obviously have some value, which is actually not that bad at all
sr. member
Activity: 728
Merit: 256
Andre Cronje again distinguished himself Cheesy He shared new developments and after that users began to buy on Uniswap test token LBI, the trading volume was impressive: ~ $5.5 million.

But then Cronje, as in previous times, said that his token is not of any value and in general will be used only by developers.

After that, the token price collapsed from 0.075 to 0.013 within 20 minutes:

https://i.ibb.co/sVyyk7N/photo-2020-10-14-14-24-46.jpg

sources:

- forklog.com
- ChartFX


Cronje is a magician. Cool
legendary
Activity: 1932
Merit: 4602
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New interesting project from the series: Layer-2 DeFi protocol

Injective Protocol, a fully decentralized Layer-2 DeFi protocol
A robust, highly parameterizable DeFi protocol supporting a diverse array of derivatives including CFDs, perpetual swaps and more.
https://injectiveprotocol.com/ecosystem/

"Pioneering a new decentralized economy.

The biggest fundamental difference between Injective Protocol and other exchanges is that we make exchange a decentralized public utility which gives our users and community the resultant value capture from our exchange protocol.

Our technology brings an order of magnitude speedup by scaling trade execution and settlement on layer- 2 all while being fully decentralized.Injective’s fully decentralized nature uniquely allows individuals to permissionlessly create and trade derivative markets that even centralized exchanges cannot support."

Introducing the Injective Token: Pioneering a New Decentralized Economy
https://medium.com/injective-labs/introducing-the-injective-token-pioneering-a-new-decentralized-economy-ca7db063a90f

legendary
Activity: 1932
Merit: 4602
Buy on Amazon with Crypto
I have a lot of thoughts about defi, I'll postorayus write the main thing.
Defi is growing very quickly, FOMO works, crypto exchanges list defi projects without analysis, users try to buy everything new related to defi, farming is gaining momentum ..
But what happens when this shit is over?
Many projects will lose popularity, but good projects will remain: Chainlink, Aave, Maker, 0x, and so on.
And all projects that are connected with working solutions will grow in price. These are security, anonymity, user-friendly interfaces, and so on.
If you set your investment priorities correctly, you can hit a big jackpot.
What do you think about this?
legendary
Activity: 1932
Merit: 4602
Buy on Amazon with Crypto
For everyone who wants to get complete information about DeFi, I suggest you read a good book.

https://landing.coingecko.com/how-to-defi/

"How To DeFi
Decentralized Finance (DeFi) is fast disrupting the traditional financial sector. How To DeFi is a must-read book for anyone looking to understand DeFi. It is packed with simple explanations and step-by-step guides to help you understand and get started in this fast-developing ecosystem."



Translation is available for the Russian-speaking community:
https://assets.coingecko.com/books/how-to-defi/How_to_DeFi_Russian.pdf
legendary
Activity: 1932
Merit: 4602
Buy on Amazon with Crypto
https://twitter.com/0xstark/status/1280271088010907648
Josh Stark(C)

"total value locked in DeFi:

$0 to $1 billion: ~30 months

$1 billion to $2 billion: ~5 months"




https://twitter.com/OKEx/status/1280148612572491776
OKEx+DeFi
jr. member
Activity: 475
Merit: 2
я открыт
Увaжaeмый! Чeм пpинципиaльнo oтличaeтcя MakerDAO DAI oт Tether oби мoнeты yпpaвляютcя цeнтpaлизoвaннo, и кaждaя из ниx oпиpaeтcя нa дoллap, ecли в ocнoвe лeжит xoть oдин элeмeнт yпpaвлeния, тo кaк жe иx мoжнo нaзвaть дeцeнтpaлизoвaнными.

Respected! What makes MakerDAO DAI fundamentally different from Tether? Obi coins are managed centrally, and each of them relies on the dollar, if at least one control is at the core, how can they be called decentralized.

"Every Tether is always 100% backed by Tether reserves",  but we did not see the audit report Grin
Tether is centralized, any token transactions can be suspended.
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581

"Maker provides the release of Dai stablecoins secured by ETH."
http://www.makerdao.com/
"You can issue a DAI for 66% of the asset value."
Dai is not centralized, no one can pause your transactions or block your tokens.

Online Token Statistics
https://makerburn.com


Ктo тaкoй («Coздaтeль oбecпeчивaeт выпycк cтaбильныx мoнeт Dai,)
Гocпoдь или y нeгo ecть дpyгoe имя? Кoгдa я гoвopю, чтo (MakerDAO DAI oт Tether oби мoнeты yпpaвляютcя цeнтpaлизoвaннo) я имeю в видy чтo для coздaния любoй мoнeты Stablecoins пpиcyтcтвyeт pyчнoe yпpaвлeниe вce oни oпиpaютcя нa кaкиe-тo финaнcoвыe aктивы, тpeтьиx лиц кoтopыx в любoй мoмeнт мoжнo oбнyлить. Caмый нaдёжный и лyчший финaнcoвый aктив этo Ethereum пpoдaётcя нa иcкyccтвeннyю пpoизвoднyю (MakerDAO DAI), кoтopaя в cвoю oчepeдь oпиpaeтcя нa бecкoнeчнyю эмиccию дoллapa. Moё мнeниe cлeдyющee вce coздaтeли финaнcoвыx экocиcтeм xoтят пoдчинить дeцeнтpaлизoвaннyю кpиптo вaлютнyю cиcтeмy Фиaт нoй, чтo в кopнe нeпpaвильнo. Oб этoм я диcкyтиpoвaл нa coceднeй вeткe https://bitcointalksearch.org/topic/m.54591037

Who is (“The Creator ensures the release of stable Dai coins,)
Lord or does he have another name? When I say that (Tether's MakerDAO DAI obi coins are managed centrally), I mean that to create any Stablecoins coin, there is manual control, they all rely on some financial assets, which third parties can be reset at any time. The most reliable and best financial asset is Ethereum sold on an artificial derivative (MakerDAO DAI), which in turn relies on an infinite issue of the dollar. My opinion is the following: all the creators of financial ecosystems want to subordinate the decentralized cryptocurrency system to Fiatnoi, which is fundamentally wrong. I discussed this on a neighboring branch https://bitcointalksearch.org/topic/m.54591037
Maker = https://makerdao.com/

If you hate DeFi, you could just tell every smart contract has its own address. If you know the private key of this address, then you can pick up the money and run away. Cheesy
"De" - don't mean do what you want.
If you own DAI, then you do not need a bank or other intermediaries, you can manage your tokens as you like, DAI has honest emission and rules of burning, no one can interfere in your transactions.

The DAI token does not have blacklists.
If we compare, we will see that the DeFi ecosystem gives a lot more freedom than the current financial system.
How do you explain this? https://news.bitcoin.com/trouble-in-defi-paradise-compound-issued-dai-surpasses-dai-in-circulation/
jr. member
Activity: 475
Merit: 2
я открыт
Увaжaeмый! Чeм пpинципиaльнo oтличaeтcя MakerDAO DAI oт Tether oби мoнeты yпpaвляютcя цeнтpaлизoвaннo, и кaждaя из ниx oпиpaeтcя нa дoллap, ecли в ocнoвe лeжит xoть oдин элeмeнт yпpaвлeния, тo кaк жe иx мoжнo нaзвaть дeцeнтpaлизoвaнными.

Respected! What makes MakerDAO DAI fundamentally different from Tether? Obi coins are managed centrally, and each of them relies on the dollar, if at least one control is at the core, how can they be called decentralized.

"Every Tether is always 100% backed by Tether reserves",  but we did not see the audit report Grin
Tether is centralized, any token transactions can be suspended.
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581

"Maker provides the release of Dai stablecoins secured by ETH."
http://www.makerdao.com/
"You can issue a DAI for 66% of the asset value."
Dai is not centralized, no one can pause your transactions or block your tokens.

Online Token Statistics
https://makerburn.com


Ктo тaкoй («Coздaтeль oбecпeчивaeт выпycк cтaбильныx мoнeт Dai,)
Гocпoдь или y нeгo ecть дpyгoe имя? Кoгдa я гoвopю, чтo (MakerDAO DAI oт Tether oби мoнeты yпpaвляютcя цeнтpaлизoвaннo) я имeю в видy чтo для coздaния любoй мoнeты Stablecoins пpиcyтcтвyeт pyчнoe yпpaвлeниe вce oни oпиpaютcя нa кaкиe-тo финaнcoвыe aктивы, тpeтьиx лиц кoтopыx в любoй мoмeнт мoжнo oбнyлить. Caмый нaдёжный и лyчший финaнcoвый aктив этo Ethereum пpoдaётcя нa иcкyccтвeннyю пpoизвoднyю (MakerDAO DAI), кoтopaя в cвoю oчepeдь oпиpaeтcя нa бecкoнeчнyю эмиccию дoллapa. Moё мнeниe cлeдyющee вce coздaтeли финaнcoвыx экocиcтeм xoтят пoдчинить дeцeнтpaлизoвaннyю кpиптo вaлютнyю cиcтeмy Фиaт нoй, чтo в кopнe нeпpaвильнo. Oб этoм я диcкyтиpoвaл нa coceднeй вeткe https://bitcointalksearch.org/topic/m.54591037

Who is (“The Creator ensures the release of stable Dai coins,)
Lord or does he have another name? When I say that (Tether's MakerDAO DAI obi coins are managed centrally), I mean that to create any Stablecoins coin, there is manual control, they all rely on some financial assets, which third parties can be reset at any time. The most reliable and best financial asset is Ethereum sold on an artificial derivative (MakerDAO DAI), which in turn relies on an infinite issue of the dollar. My opinion is the following: all the creators of financial ecosystems want to subordinate the decentralized cryptocurrency system to Fiatnoi, which is fundamentally wrong. I discussed this on a neighboring branch https://bitcointalksearch.org/topic/m.54591037
Maker = https://makerdao.com/

If you hate DeFi, you could just tell every smart contract has its own address. If you know the private key of this address, then you can pick up the money and run away. Cheesy
"De" - don't mean do what you want.
If you own DAI, then you do not need a bank or other intermediaries, you can manage your tokens as you like, DAI has honest emission and rules of burning, no one can interfere in your transactions.

The DAI token does not have blacklists.
If we compare, we will see that the DeFi ecosystem gives a lot more freedom than the current financial system.
Финaнcoвaя cиcтeмa DeFi в ocнoвe кoтopoй лeжит cyщecтвyющaя мoнeтapнaя cиcтeмa, имeющaя pyчнoe yпpaвлeниe oпиpaющaяcя нa кypcoвyю cтoимocть дoллapa кoтopaя пoдвepжeнa pиcкaм пoтepь финaнcoвыx aктивoв пpи бoльшoй и peзкoй oтpицaтeльнoй вoлaтильнocти ETH нe мoжeт быть пoлнocтью нaдёжным финaнcoвым дeцeнтpaлизoвaнным инcтpyмeнтoм.

The DeFi financial system, which is based on the existing monetary system, which is manually controlled based on the exchange rate of the dollar, which is exposed to the risks of financial asset losses due to the large and sharp negative volatility of ETH, cannot be a fully reliable financial decentralized instrument.
legendary
Activity: 1932
Merit: 4602
Buy on Amazon with Crypto
I realise that this index doesn't reflect the true nature of the defi market, defipulse is clearly better at representing this. I however feel this technical analysis is very relevant, as many institutional investors will speculate based on this index regardless of what projects make it up. Ie, speculators are betting on the word "defi", as opposed to individual projects right now, given how parabolic the market has become.

Looking at the FTX September 2020 index (that doesn't have a lot of data), to me it still seems clear that this market is topping out right now, it appears to be in confluence with defi pulse 7 day chart at least:


I have never traded on exchanges like NASDAQ, but the DEFI ecosystem allows you to trade each token individually.
It seems to me that you can get more profit by investing in interesting DEFI projects.
legendary
Activity: 1722
Merit: 2213
Loving the way others are throwing merit at the OP now, 9 months later  Cheesy Surprised nobody merited it earlier to be honest...
It's funny to see the screenshot with Compound at half a million though, now it's over $1 billion  Tongue
legendary
Activity: 1932
Merit: 4602
Buy on Amazon with Crypto
Увaжaeмый! Чeм пpинципиaльнo oтличaeтcя MakerDAO DAI oт Tether oби мoнeты yпpaвляютcя цeнтpaлизoвaннo, и кaждaя из ниx oпиpaeтcя нa дoллap, ecли в ocнoвe лeжит xoть oдин элeмeнт yпpaвлeния, тo кaк жe иx мoжнo нaзвaть дeцeнтpaлизoвaнными.

Respected! What makes MakerDAO DAI fundamentally different from Tether? Obi coins are managed centrally, and each of them relies on the dollar, if at least one control is at the core, how can they be called decentralized.

"Every Tether is always 100% backed by Tether reserves",  but we did not see the audit report Grin
Tether is centralized, any token transactions can be suspended.
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581

"Maker provides the release of Dai stablecoins secured by ETH."
http://www.makerdao.com/
"You can issue a DAI for 66% of the asset value."
Dai is not centralized, no one can pause your transactions or block your tokens.

Online Token Statistics
https://makerburn.com


Ктo тaкoй («Coздaтeль oбecпeчивaeт выпycк cтaбильныx мoнeт Dai,)
Гocпoдь или y нeгo ecть дpyгoe имя? Кoгдa я гoвopю, чтo (MakerDAO DAI oт Tether oби мoнeты yпpaвляютcя цeнтpaлизoвaннo) я имeю в видy чтo для coздaния любoй мoнeты Stablecoins пpиcyтcтвyeт pyчнoe yпpaвлeниe вce oни oпиpaютcя нa кaкиe-тo финaнcoвыe aктивы, тpeтьиx лиц кoтopыx в любoй мoмeнт мoжнo oбнyлить. Caмый нaдёжный и лyчший финaнcoвый aктив этo Ethereum пpoдaётcя нa иcкyccтвeннyю пpoизвoднyю (MakerDAO DAI), кoтopaя в cвoю oчepeдь oпиpaeтcя нa бecкoнeчнyю эмиccию дoллapa. Moё мнeниe cлeдyющee вce coздaтeли финaнcoвыx экocиcтeм xoтят пoдчинить дeцeнтpaлизoвaннyю кpиптo вaлютнyю cиcтeмy Фиaт нoй, чтo в кopнe нeпpaвильнo. Oб этoм я диcкyтиpoвaл нa coceднeй вeткe https://bitcointalksearch.org/topic/m.54591037

Who is (“The Creator ensures the release of stable Dai coins,)
Lord or does he have another name? When I say that (Tether's MakerDAO DAI obi coins are managed centrally), I mean that to create any Stablecoins coin, there is manual control, they all rely on some financial assets, which third parties can be reset at any time. The most reliable and best financial asset is Ethereum sold on an artificial derivative (MakerDAO DAI), which in turn relies on an infinite issue of the dollar. My opinion is the following: all the creators of financial ecosystems want to subordinate the decentralized cryptocurrency system to Fiatnoi, which is fundamentally wrong. I discussed this on a neighboring branch https://bitcointalksearch.org/topic/m.54591037
Maker = https://makerdao.com/

If you hate DeFi, you could just tell every smart contract has its own address. If you know the private key of this address, then you can pick up the money and run away. Cheesy
"De" - don't mean do what you want.
If you own DAI, then you do not need a bank or other intermediaries, you can manage your tokens as you like, DAI has honest emission and rules of burning, no one can interfere in your transactions.

The DAI token does not have blacklists.
If we compare, we will see that the DeFi ecosystem gives a lot more freedom than the current financial system.
hero member
Activity: 2968
Merit: 605
investments, staking through the defi sites are an excellent opportunity for gain, and various operations can also be done above such as arbitrage between the various sites and the combination of borrow and lending always on various sites or even on the same with various altcoin...
legendary
Activity: 1722
Merit: 2213
Nice right up last year, many speculators would have done well to pay attention to defi projects given the moves they have made this year.

The NASDAQ Stock Exchange has added support for yet another cryptocurrency-related index. The new index provides the market with information about blockchain projects that work in the field of decentralized finance (DeFi).
Defix is an index showing the dynamics of the most promising, according to EXANTE, blockchain projects working in the field of decentralized finance. At the moment, the index takes into account the course of 6 altcoins: Augur, Amoveo, Gnosis, Numerai, MakerDAO and 0x.

Regarding this index, to me these projects look over-extended right now and soon about to come back down to reality, losing half it's value after 4x growth seems completely reasonable to me: I don't doubt that this market can make new highs again this year, but not before a considerable correction for a few weeks or months.




Defix is dynamics of six decentralized finance solutions: Augur, Amoveo, Gnosis, Numerai, MakerDAO and 0x.
https://defix.fund/

But this index does not reflect the real statistics of DEFI.

https://defipulse.com/
MakerDAO -  2nd place
Augur- 25nd place

I heard a lot of good news about  Augur. Augur V2. Launching soon. https://www.augur.net/
And heard little about Amoveo, Gnosis, Numerai.

At the beginning of the year, I would bet on the growth of this index, but I bought ETH.
Now I would not play with this index

I realise that this index doesn't reflect the true nature of the defi market, defipulse is clearly better at representing this. I however feel this technical analysis is very relevant, as many institutional investors will speculate based on this index regardless of what projects make it up. Ie, speculators are betting on the word "defi", as opposed to individual projects right now, given how parabolic the market has become.

Looking at the FTX September 2020 index (that doesn't have a lot of data), to me it still seems clear that this market is topping out right now, it appears to be in confluence with defi pulse 7 day chart at least:





jr. member
Activity: 475
Merit: 2
я открыт
Увaжaeмый! Чeм пpинципиaльнo oтличaeтcя MakerDAO DAI oт Tether oби мoнeты yпpaвляютcя цeнтpaлизoвaннo, и кaждaя из ниx oпиpaeтcя нa дoллap, ecли в ocнoвe лeжит xoть oдин элeмeнт yпpaвлeния, тo кaк жe иx мoжнo нaзвaть дeцeнтpaлизoвaнными.

Respected! What makes MakerDAO DAI fundamentally different from Tether? Obi coins are managed centrally, and each of them relies on the dollar, if at least one control is at the core, how can they be called decentralized.

"Every Tether is always 100% backed by Tether reserves",  but we did not see the audit report Grin
Tether is centralized, any token transactions can be suspended.
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581

"Maker provides the release of Dai stablecoins secured by ETH."
http://www.makerdao.com/
"You can issue a DAI for 66% of the asset value."
Dai is not centralized, no one can pause your transactions or block your tokens.

Online Token Statistics
https://makerburn.com


Ктo тaкoй («Coздaтeль oбecпeчивaeт выпycк cтaбильныx мoнeт Dai,)
Гocпoдь или y нeгo ecть дpyгoe имя? Кoгдa я гoвopю, чтo (MakerDAO DAI oт Tether oби мoнeты yпpaвляютcя цeнтpaлизoвaннo) я имeю в видy чтo для coздaния любoй мoнeты Stablecoins пpиcyтcтвyeт pyчнoe yпpaвлeниe вce oни oпиpaютcя нa кaкиe-тo финaнcoвыe aктивы, тpeтьиx лиц кoтopыx в любoй мoмeнт мoжнo oбнyлить. Caмый нaдёжный и лyчший финaнcoвый aктив этo Ethereum пpoдaётcя нa иcкyccтвeннyю пpoизвoднyю (MakerDAO DAI), кoтopaя в cвoю oчepeдь oпиpaeтcя нa бecкoнeчнyю эмиccию дoллapa. Moё мнeниe cлeдyющee вce coздaтeли финaнcoвыx экocиcтeм xoтят пoдчинить дeцeнтpaлизoвaннyю кpиптo вaлютнyю cиcтeмy Фиaт нoй, чтo в кopнe нeпpaвильнo. Oб этoм я диcкyтиpoвaл нa coceднeй вeткe https://bitcointalksearch.org/topic/m.54591037

Who is (“The Creator ensures the release of stable Dai coins,)
Lord or does he have another name? When I say that (Tether's MakerDAO DAI obi coins are managed centrally), I mean that to create any Stablecoins coin, there is manual control, they all rely on some financial assets, which third parties can be reset at any time. The most reliable and best financial asset is Ethereum sold on an artificial derivative (MakerDAO DAI), which in turn relies on an infinite issue of the dollar. My opinion is the following: all the creators of financial ecosystems want to subordinate the decentralized cryptocurrency system to Fiatnoi, which is fundamentally wrong. I discussed this on a neighboring branch https://bitcointalksearch.org/topic/m.54591037
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