Topic: DeFi Projects (Read 3718 times)
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A lot of people are predicting that the DeFi space will be the catalyst of the next bull run, projects like Maker and Compound have been hugely successful recently and many DeFi projects have performed brilliantly in the bear market.
Name the projects you're excited about in the DeFi space and why you think they will be big..
I'll start with an ICO I've recently invested in called Bidao. BiDao is a new blockchain system that creates a trustless stablecoin and a new decentralized financial tool that allows leveraged trading in a trustless setup. In the beginning, BiDao will be completely integrated with the Binance Blockchain and BNB will be used as the collateral. In the future other Blockchains will also be integrated into the BiDao ecosystem.
They are founded by Bastian Aigner who is young guy with a solid tech background and strong education. He reminds me a bit of Vitalik, some people are so smart it's like they are operating on a different level to everyone else and he is like that.
What will kill DeFi is coming soon if you are not careful as scam projects revolve around the idea of DeFi. Now no one can easily predict the best which is actually the problem with crypto. Many think well of growing their projects through the medium of DeFi but notice how it goes with some pump and drain projects. Let's do a thorough research. Name the projects you're excited about in the DeFi space and why you think they will be big..
I'll start with an ICO I've recently invested in called Bidao. BiDao is a new blockchain system that creates a trustless stablecoin and a new decentralized financial tool that allows leveraged trading in a trustless setup. In the beginning, BiDao will be completely integrated with the Binance Blockchain and BNB will be used as the collateral. In the future other Blockchains will also be integrated into the BiDao ecosystem.
They are founded by Bastian Aigner who is young guy with a solid tech background and strong education. He reminds me a bit of Vitalik, some people are so smart it's like they are operating on a different level to everyone else and he is like that.
If you are looking for a dark horse, then definitely my choice falls on such a project as YAY Games. It seems to me that it is extremely important to have such a project during globalization. People don’t realize their potential, the roadmap looks insane.
Where did you see the road map ? and you need to know that at this time everyone is not looking for a dark horse that only exists in your own dreams and a serious project is not because of a crazy road map through writing that is only written on white sheets of paper without any intention to make it happen, So what's the point of a crazy roadmap ? I am excited about the Puncakeswap. Actually it is already popular, so some people think that it is not likely to grow any more, but I see that it still gives a lot of opportunity to earn. I saw that defi-projects were very popular in spring and in June, but now there are NFT-projects that are in trend. I used to invest in many defies, especially new ones, but now I invest rather in NFTs.
Many new NFT projects are also traded on pancakeswap to sell their tokens early means this DeFi project is will be there for a long time and not just a hype projects. I agree when you said this project is still growing and not too high to reach more popularity and ofcourse creating growth for it's coin itself.
DeFi is people needed right now before going into CEX and many people already made hundred times profit because they buy the token early in pancakeswap.
I am excited about the Puncakeswap. Actually it is already popular, so some people think that it is not likely to grow any more, but I see that it still gives a lot of opportunity to earn. I saw that defi-projects were very popular in spring and in June, but now there are NFT-projects that are in trend. I used to invest in many defies, especially new ones, but now I invest rather in NFTs.
Undoubtedly pancakeswap has became a role model in DEFIs. They are top for volume as well as number of users and still are growing. People may find it hesitant when they know there's no specific rule or limit on number of cake tokens being generated but it's highly regulated by the developers and the holders. They are practicing a good amount of governance, though not perfect, it would mostly go towards the interest of token holders. And they have their own NFTs.
I suggest you always research carefully before investing in any new project in this market because mmer will quickly create projects to enter this market to steal investors' money.
I am excited about the Puncakeswap. Actually it is already popular, so some people think that it is not likely to grow any more, but I see that it still gives a lot of opportunity to earn. I saw that defi-projects were very popular in spring and in June, but now there are NFT-projects that are in trend. I used to invest in many defies, especially new ones, but now I invest rather in NFTs.
I think Ref Finance will be huge, and here's why. Ref Finance is the first AMM on NEAR protocol and already has a TVL of about 50 million USD. Normally the first AMM token on a blockchain pumps considerably, take $Cake and $Boo for example. Plus Ref Finance has farming with an APY as high as 150%, so the number of people using the DEX is growing rapidly.
A lot of people are predicting that the DeFi space will be the catalyst of the next bull run, projects like Maker and Compound have been hugely successful recently and many DeFi projects have performed brilliantly in the bear market.
Name the projects you're excited about in the DeFi space and why you think they will be big..
I'll start with an ICO I've recently invested in called Bidao. BiDao is a new blockchain system that creates a trustless stablecoin and a new decentralized financial tool that allows leveraged trading in a trustless setup. In the beginning, BiDao will be completely integrated with the Binance Blockchain and BNB will be used as the collateral. In the future other Blockchains will also be integrated into the BiDao ecosystem.
They are founded by Bastian Aigner who is young guy with a solid tech background and strong education. He reminds me a bit of Vitalik, some people are so smart it's like they are operating on a different level to everyone else and he is like that.
Some of Defi projects are so promising, like Singularity Dao for exampleName the projects you're excited about in the DeFi space and why you think they will be big..
I'll start with an ICO I've recently invested in called Bidao. BiDao is a new blockchain system that creates a trustless stablecoin and a new decentralized financial tool that allows leveraged trading in a trustless setup. In the beginning, BiDao will be completely integrated with the Binance Blockchain and BNB will be used as the collateral. In the future other Blockchains will also be integrated into the BiDao ecosystem.
They are founded by Bastian Aigner who is young guy with a solid tech background and strong education. He reminds me a bit of Vitalik, some people are so smart it's like they are operating on a different level to everyone else and he is like that.
They have a great team, a very supportive community and I think there's a great future for them
And some projects are so bad lol
It's all about the research, you look for the info-you find it cool and profitable-you invest
Do not relax too much on DeFi projects, not all of them will be that good, remember that project team is the main reason why projects succeed or fail, every team behind every DeFi projects will be different, be smart and do your own research
Exactly, the team composition is what makes any project successful or not. 95% of the time, team strength and hard work goes along way to make project(s) successful. Though in few instances team members may wish to be anonymous and yet have a successful project. 
Talking about the current situation, trends have definitely changed and many native tokens of DEFIes became shit coins. People are not very enthusiastic about Defi-projects now, so different platforms for staking and farming have low Total value locked, which means low demand. On the other hand, NFT-projects and games raise a lot of money on presales and so they are also popular.
Right, there are too many defi projects created in cryptocurrency even some of them are scam projects.
I think we better to buy some top coins which have real use case, Solana for example.
Currently, i am not interested in most DeFi projects anymore, just stick to a good coins such as bnb, sol, btc or eth.
Talking about the current situation, trends have definitely changed and many native tokens of DEFIes became shit coins. People are not very enthusiastic about Defi-projects now, so different platforms for staking and farming have low Total value locked, which means low demand. On the other hand, NFT-projects and games raise a lot of money on presales and so they are also popular.
Right, there are too many defi projects created in cryptocurrency even some of them are scam projects.
I think we better to buy some top coins which have real use case, Solana for example.
Currently, i am not interested in most DeFi projects anymore, just stick to a good coins such as bnb, sol, btc or eth.
All I have understands with regards this Defi project by staking your assets into its defi protocol and let it grow without risking like trading. And I think its not good for me because its make me bored unlike nft games thats could make you earn by just play. Make sure you choose a better and fit to your budget to invest, that we always say " Invest what you can afford to lose."
Talking about the current situation, trends have definitely changed and many native tokens of DEFIes became shit coins. People are not very enthusiastic about Defi-projects now, so different platforms for staking and farming have low Total value locked, which means low demand. On the other hand, NFT-projects and games raise a lot of money on presales and so they are also popular.
It seems that China has found a replacement for the cryptocurrency mining exiled from the country. According to the investment company Sino Global Capital, China has begun to actively enter the NFT market, large companies and organizations such as Alibaba, Visual China Group, parent of TikTok ByteDance and others are already showing their interest.
The developer under the pseudonym DeFi Ted announced the closure of the peer-to-peer insurance market Cover Protocol and the related lending service Ruler.
"The decision to do this was not easy and is the final one made by the remaining team after reviewing the path of promotion due to the sudden departure of key developers," he wrote.
The author of the statement recommended that users withdraw assets as soon as possible. Against the background of the news about the closure, the COVER token fell by 18% per day, RULER-by 94%.
According to DeFi Ted, the assets in the reserves will be distributed among the holders of coins. He added that the user interface will be disabled.
"This is a payment for creditors. The founders, including me, will not participate in the distribution, " the developer wrote. https://defited.medium.com/project-shutdown-cover-ruler-bb2df50e2a95
"The decision to do this was not easy and is the final one made by the remaining team after reviewing the path of promotion due to the sudden departure of key developers," he wrote.
The author of the statement recommended that users withdraw assets as soon as possible. Against the background of the news about the closure, the COVER token fell by 18% per day, RULER-by 94%.
According to DeFi Ted, the assets in the reserves will be distributed among the holders of coins. He added that the user interface will be disabled.
"This is a payment for creditors. The founders, including me, will not participate in the distribution, " the developer wrote. https://defited.medium.com/project-shutdown-cover-ruler-bb2df50e2a95
Startup Evrynet has raised $7 million to create a DeFi application aimed at institutional investors.The startup will use the raised funds to create the Evry. Finance application, which will provide the services of the exchange, the liquidity pool and the staking platform. https://cointelegraph.com/news/evrynet-s-7m-raise-highlights-institutional-appetite-for-defi Here on the forum there is a thread of the bounty campaign conducted by Evrynet https://bitcointalksearch.org/topic/evrynet-bounty-campaign-10000-usdt-budget-5354576
The defi project is very good. In my opinion, all the gulas have been successful.
I think all these projects will go a long way one day.
defi Much stronger and what a lot better.
I think all these projects will go a long way one day.
defi Much stronger and what a lot better.
Last year's DeFi project most of them are now reaping up their rewards. Establishing some protocols to propel some of the important part of finance and building blocks to different financial products and services. Some of today's players just moved the level up and enhance or add some cool features that traditional finance would be impossible to implement.
Recently Defi project dominate and thrive more, Brt is a good defi project that is currently selling second phase of ICO with the motive to launch into major exchange after the sales, its traded on pancake swap. We also have cook protocol and many other. Defi project lead in crypto world.
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