Topic: Don't invest for quick gains only - page 14. (Read 2670 times)
We are all in for the gamble. investment and opportunities are similar. in as much as know that the crypto market is feel with quick scams, it is a call for everyone to gamble wisely. i do advise newbies to stay away from Defi exchanges like Uniswap. lot of investors has lost their funds on this exchange due to quick scams and it will not stop just like the other exchange platform.
Many such projects would be their which are created for quick gains or say it is a dump coin where only for the benefit of the owner those are created. So once they get good price just dump the coins and in the end investors lose out their money because they did not sell at right time or at times they die even before hitting the exchanges. So, ensure only after knowing about projects you all invest in any such projects.
Thank you for the heads up, but I don't know if crypto investors are going to adhere your advise because are are in the Defi boom, and as others have pointed out, similar to IEO of 2017. So no matter what kind of advise you give them, easy $$$ in Defi will be in the eyes of crypto investors and as much as we don't like them to experience to lose money, well it has to happen before they learn their experience.
Do not invest on DeFi projects that are just DeFi, make sure the DeFi project you pick has better utilities, ChainLink for example has Oracle to offer, few new DeFi projects I see lately are just using DeFi
name, be careful, Here are few lists of DeFi projects that are more than just the Hypes surrounding them because they actually have some to offer.
DIA
DIA (Decentralized Information Asset) is a Swiss not-for-profit and open-source blockchain project with a mission to drive the adoption of transparent, open-access data and oracles just like chainlink
https://diadata.org/
ORION PROTOCOL
Do you guys remember DYCO? That's a new crowdfunding strategy from Maker team and Orion Protocol is the first to try DYCO out and it was successful, Orion is building B2B and B2C solutions on the most advanced liquidity aggregator
https://www.orionprotocol.io/
COMPOUND
Compound is a money market protocol that lets users earn interest or borrow assets against collateral, all from the Ethereum blockchain. Compound was one of the first DeFi companies of this recent DeFi cycle to gain mass attention as their native token, COMP, skyrocketed in value before correcting to current levels.
https://compound.finance/governance/comp
CURVE FINANCE
Launched in early 2020, Curve allows users to trade between stablecoins with low slippage, low fee algorithm designed specifically for stablecoins. Curve is one of the early proponents of yield farming and currently offers 7 pools where users can stake stablecoins to earn rewards, such as new currencies.
https://www.curve.fi/
These are good examples of real use cases and these projects aren't here to take advantage of DeFi hype but to actually deliver real utilities, there are more good DEFi projects out there e.g Synthetix and Oikos Cash , do good research and avoid investing blindly for quick gains, thank you
name, be careful, Here are few lists of DeFi projects that are more than just the Hypes surrounding them because they actually have some to offer.
DIA
DIA (Decentralized Information Asset) is a Swiss not-for-profit and open-source blockchain project with a mission to drive the adoption of transparent, open-access data and oracles just like chainlink
https://diadata.org/
ORION PROTOCOL
Do you guys remember DYCO? That's a new crowdfunding strategy from Maker team and Orion Protocol is the first to try DYCO out and it was successful, Orion is building B2B and B2C solutions on the most advanced liquidity aggregator
https://www.orionprotocol.io/
COMPOUND
Compound is a money market protocol that lets users earn interest or borrow assets against collateral, all from the Ethereum blockchain. Compound was one of the first DeFi companies of this recent DeFi cycle to gain mass attention as their native token, COMP, skyrocketed in value before correcting to current levels.
https://compound.finance/governance/comp
CURVE FINANCE
Launched in early 2020, Curve allows users to trade between stablecoins with low slippage, low fee algorithm designed specifically for stablecoins. Curve is one of the early proponents of yield farming and currently offers 7 pools where users can stake stablecoins to earn rewards, such as new currencies.
https://www.curve.fi/
These are good examples of real use cases and these projects aren't here to take advantage of DeFi hype but to actually deliver real utilities, there are more good DEFi projects out there e.g Synthetix and Oikos Cash , do good research and avoid investing blindly for quick gains, thank you
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