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Topic: DeFi seems to be hot right now! What do you think about the future of DeFi? (Read 689 times)

newbie
Activity: 16
Merit: 0
defi as for me is much more healthy than ico and ieo. if it will be regulated - i think a lot of valued defi and have a nice future. i believe in credible dex projects - volumes are increasing and tech base is likely to be much better than year ago
besides i'm also try to work with dex-es who offer interesting options for liquidity providers and have simple and effective executive strategy
if u're researching, besides, did u heard smth about xsigma stablecoin dex? i checked them and it looks well-elaborated and credible
yes i know them, i read a whitepaper and checked smart-contract, so as for me they are likely to be successful
legendary
Activity: 2338
Merit: 1124
There are some DeFi projects with impossible yield farming and earnings, this percentage are too high to be true, you can never see such on proof of stake coins yet there are many people investing in such DeFi  projects, they won't last long and they will surely exit scam

yes, some give as high as 300% of above, it doesn't make sense for a true business that has a long term vision except they are only created for short term purpose, a look at such offer will tell you it is too good to be true, better to join for short term, make profit and get out as soon as possible.
No doubts, such projects are created for long term purposes only, in a short period of time such project can't keep up and the team will have to abandon or exit scam, it's wiser to stay away from too good to be true projects
Honestly for all three of you, the idea of high APY is not really that shocking depending on the price of the token and also why they are capable of doing something like that. First of all they are getting real money from the LP provided and that is what their income is, secondly they just give made up token they created so they are not losing anything, they are not even giving anything the system does that, and lastly those huge high APY is when nobody else invests, which means you make bulk of the profit, whereas if everyone starts to invest suddenly the APY starts to go down.

When you combine all these three you could see why it is possible for these projects to offer 300%+ at times, those are early days of the project that people invest heavily and get free tokens for just "renting" their money without even giving it to anyone or buying anything.
hero member
Activity: 2954
Merit: 533
Leading Crypto Sports Betting & Casino Platform
There are some DeFi projects with impossible yield farming and earnings, this percentage are too high to be true, you can never see such on proof of stake coins yet there are many people investing in such DeFi  projects, they won't last long and they will surely exit scam
yield farming is the only thing that can be offered by the scam defi. The crap defi has no ability to create a good feature other than high yield farming for its investors.
Yield farming itself just a crap offer. So many defi projects already dead since the defi hype at the middle of last year.
DEFI is not a hot thing again right now. people have been moving to the new coins.
full member
Activity: 1750
Merit: 118
defi as for me is much more healthy than ico and ieo. if it will be regulated - i think a lot of valued defi and have a nice future. i believe in credible dex projects - volumes are increasing and tech base is likely to be much better than year ago
ieo is healthier than defi but not sure about ico , ico have a projects that were legit and theres that failed and scams and defi also have that but the difference is defi is still on going .

if it still alive there is a chance that it can show its worth and produce more legit projects but asking if it will be regulated i think thats not going to happen but regulation wont be needed if all project creators have a dicipline and if they will only work fairly and honestly .
hero member
Activity: 3010
Merit: 794
So far the future for DeFi has started to brighten up and has gone viral in the not too distant future, so if this continues then the future of DeFi will certainly experience good development, but the opposite can also happen to DeFi as it has already happened. on ICOs in the past.


You are quite right about the parallel between ICOs and DeFi projects in the aspect that it may be really bright future or may be sad sunset someday. Despite DeFi projects are not like projects that were in the boom period of ICOs, because DeFi projects are technically stronger in most points, in case it is really a DeFi project, they have serious trustworthy partners and collaborations with strong and demanded ecosystems or platforms, but nevertheless it is a market where different things happen and it is hard to make predictions. So we will see, the time will show it to us)
You are only talking in some DeFi project and the rest are just copy-cats which is just like into those ICO days where only few projects are significant and the rest were trash.

Just as expected on DeFi where there are ones which are really useful and relevant but as this market hypes up then you would really be expecting another load or bunch of crappy similar
projects will rise up later on and tending to get some share on the rising hype and make some easy money with it.

When it comes to the future of these projects then this had been always been a questionable thing because it all matters with the demand.Try to compare the hype or noise that
it had been generating when it was still starting up? It was too popular and really making some noise in every corner of this market and eventually able to hype out those projects
and able to reach out numbers which we didnt anticipate for it to reach out.

For now, if you do tend to make out some investment then its better to stick to the original or first ones. Dont tend to jump into those new copycat which
doesnt really have significant usage after all.
jr. member
Activity: 345
Merit: 1
defi as for me is much more healthy than ico and ieo. if it will be regulated - i think a lot of valued defi and have a nice future. i believe in credible dex projects - volumes are increasing and tech base is likely to be much better than year ago
besides i'm also try to work with dex-es who offer interesting options for liquidity providers and have simple and effective executive strategy
if u're researching, besides, did u heard smth about xsigma stablecoin dex? i checked them and it looks well-elaborated and credible
sr. member
Activity: 1092
Merit: 254
So far the future for DeFi has started to brighten up and has gone viral in the not too distant future, so if this continues then the future of DeFi will certainly experience good development, but the opposite can also happen to DeFi as it has already happened. on ICOs in the past.


You are quite right about the parallel between ICOs and DeFi projects in the aspect that it may be really bright future or may be sad sunset someday. Despite DeFi projects are not like projects that were in the boom period of ICOs, because DeFi projects are technically stronger in most points, in case it is really a DeFi project, they have serious trustworthy partners and collaborations with strong and demanded ecosystems or platforms, but nevertheless it is a market where different things happen and it is hard to make predictions. So we will see, the time will show it to us)
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
Each summer, I guess, Defi mania will repeat itself. Its future is as bright as our faith.
Who is defi mania? There's no defi mania as the majority of defi investors are the same with the ICO and IEO investors. These people are actively moving from the ICO to the IEO and then DEFI but they will be going back again to the ICO and this cycle will be repeating so many times.
This story is always happening when the pump was coming.
sr. member
Activity: 1204
Merit: 250
I still that DeFi has a clearer future than the other sectors in the crypto industry right now and the hard work that defi projects are doing shows how much this sector deserves the hype.
Yes, but things related to DeFi will also fade over time, especially if in the future there will be new things that will benefit many people in the crypto industry, indeed for now DeFi is still a very good thing, but this it also won't last long.
legendary
Activity: 1274
Merit: 1000
There are some DeFi projects with impossible yield farming and earnings, this percentage are too high to be true, you can never see such on proof of stake coins yet there are many people investing in such DeFi  projects, they won't last long and they will surely exit scam
Maybe this is a little weakness of the Defi system, you have to be extra careful and do thorough research before investing. most projects just copy cat and even just replace their logo without a real use case. look for a project that is really worth investing in
member
Activity: 252
Merit: 15
Sovryn - Brings DeFi to Bitcoin
There are some DeFi projects with impossible yield farming and earnings, this percentage are too high to be true, you can never see such on proof of stake coins yet there are many people investing in such DeFi  projects, they won't last long and they will surely exit scam

yes, some give as high as 300% of above, it doesn't make sense for a true business that has a long term vision except they are only created for short term purpose, a look at such offer will tell you it is too good to be true, better to join for short term, make profit and get out as soon as possible.
No doubts, such projects are created for long term purposes only, in a short period of time such project can't keep up and the team will have to abandon or exit scam, it's wiser to stay away from too good to be true projects
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
Each summer, I guess, Defi mania will repeat itself. Its future is as bright as our faith.
If defi can't come with something new and then the golden era for defi will never come back again dude. You must have seen that before the defi trend can sustain only in a few months and then it got dumped so hard.
The same thing will always be repeating anytime when there's a new hype for defi and people will be massively buying it but they will dump it soon.
member
Activity: 238
Merit: 10
There are some DeFi projects with impossible yield farming and earnings, this percentage are too high to be true, you can never see such on proof of stake coins yet there are many people investing in such DeFi  projects, they won't last long and they will surely exit scam
member
Activity: 238
Merit: 10
Be careful with DeFi projects, make sure you choose between the well established DeFi projects, not all DeFi projects are really decentralized, they are just using the name DeFi and Decentralized to fool the public, I recommend picking from top 20 altcoins on coinmarketcap, few DeFi projects are on this rank
member
Activity: 252
Merit: 11
DeFi projects are becoming profitable once again, but I only noticed the popular DeFi projects only, so many others are not moving at all but I'm not surprised, it's always about the demand of a project, look at Chainlink and Polkadot for example, if a project isn't useful it will be ignored forever
legendary
Activity: 2268
Merit: 1655
To the Moon
Though dont really know much about defi, but what i observed in recent time notice some project are evolving under defi, and many people seem to be interested in it, so from observation  it seem its gonna have effect in the nearest future. though stand to be corrected.

When such projects that have nothing to do with the DeFi sector and are designed only to raise money for their organizers leave the market, then only useful decentralized finance that has real use will remain on the market. That's when market participants will have more confidence in the DeFi sector, which will lead to even stronger development.
full member
Activity: 350
Merit: 129
fallenangel
Each summer, I guess, Defi mania will repeat itself. Its future is as bright as our faith.
newbie
Activity: 17
Merit: 0
I still that DeFi has a clearer future than the other sectors in the crypto industry right now and the hard work that defi projects are doing shows how much this sector deserves the hype.
newbie
Activity: 28
Merit: 0
newbie
Activity: 16
Merit: 0
defi as for me is much more healthy than ico and ieo. if it will be regulated - i think a lot of valued defi and have a nice future. i believe in credible dex projects - volumes are increasing and tech base is likely to be much better than year ago
besides i'm also try to work with dex-es who offer interesting options for liquidity providers and have simple and effective executive strategy
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