I am curious about people's opinion of DeFi projects and coins

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Coins are currently included in the most defi project in the market almost all the projects are running under the defi name and many of these tokens have been very lucrative since they came to the new market. I also chose to invest but stopped trading because the fee was too high at first their condition was good but later they were scammed due to low quality most of the exchange sites are locked but many traders are more confident in defi projects.

The reason why those defi projects became so much better than the other ones and why it has been profitable is the fact that regular coins before the defi project were all ruled by a team, and even if there is a team right now they do not have any control or power, hell there is "governance" tokens that basically leaves all the rights to the token holders as well, if the team holds most of the tokens they are still running it so it is not decentralized but if they don't? They are basically giving the people who are making the decisions.

Long story short I do not think that it is a hype, it is not some bull run, it is totally a permanent change where regular tokens without any decentralization at all will be gone and people will not use them except maybe a few of them, because that should how crypto should have been anyway, it should have been decentralized from the start.

avarnet

sr. member

Activity: 896

Merit: 250

Quote from: Vinaa77 on February 26, 2021, 09:47:47 PM

I like DeFi because we can get passive profit investing in these altcoins. The return given is high depending on which altcoin you choose to choose. maybe for people who don't really know what DeFi is, I will give a review
https://www.coindesk.com/what-is-defi But behind that there are still conflicts regarding DeFi because many complain when following Liquidity the transaction fees are higher than the result

If we are interested in the liquidity in DeFi, it requires a lot of capital. because once we add to Uniswap the transaction fee we pay is high. and true as you say. many are not interested if the liquidity level is already high due to the fees and capital that must be spent on a large amount. but on the other hand, we cannot deny that DeFi is currently what many people are interested in

Vinaa77

sr. member

Activity: 1344

Merit: 311

I like DeFi because we can get passive profit investing in these altcoins. The return given is high depending on which altcoin you choose to choose. maybe for people who don't really know what DeFi is, I will give a review
https://www.coindesk.com/what-is-defi But behind that there are still conflicts regarding DeFi because many complain when following Liquidity the transaction fees are higher than the result

Clement Kaliyar

hero member

Activity: 1302

Merit: 532

Quote from: FrozenBit on January 06, 2021, 12:32:38 AM

Basically, between DeFi and CeFi, it has its own good and bad points, so what we want with the current financial system. So i think there will be irreplaceable that between DeFi and cefi will combine to bring people the best services and products.

I am always confused with these new Jargon, what is CeFi. I am yet to identify what special package these DeFi is giving where the centralized financial system is not providing. All i can see is high interest loans and everyone thanking the DeFi platform for that, i can get better deals with government and other centralized loans. May be in the future we might see some changes but now i am still confused with the implications other than just jargon .

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: JNR on February 26, 2021, 05:39:31 PM

Quote from: edandrada on January 05, 2021, 04:37:53 PM

they will be the finisher of this bull marekt. most of this defi project and exchange is scam.
be aware of scam.

indeed, thats why if we want to make a good profit, we should think about risk and try to ignore unknown defi project
wich mean invest only in the real defi project with serious dev team my friend

Or better yet, ignore the Defi market at all and invest in btc or eth, at least you know, these projects are real. You can only count in your fingers those real DeFi projects and you need to study them first. Most DeFis are in beta, just look for DeFi project that is already up and working. As many of them have already exited, it just demonstrates that DeFi hype is now slowing down and we are seeing the true color of this hype. So if you want to go into defi, maybe just go for real project like LINK or UNI.

JNR

full member

Activity: 585

Merit: 100

@JNRcryptobox

Quote from: edandrada on January 05, 2021, 04:37:53 PM

they will be the finisher of this bull marekt. most of this defi project and exchange is scam.
be aware of scam.

indeed, thats why if we want to make a good profit, we should think about risk and try to ignore unknown defi project
wich mean invest only in the real defi project with serious dev team my friend

Arkann

full member

Activity: 714

Merit: 104

I take DeFi Yield Protocol projects very seriously as well as Kingswap. Of course, only $ DYP has performed well to date, as my capital has increased two and a half times thanks to the investment, but with regard to Kingswap, I am still pending the project.

Elite70

copper member

Activity: 112

Merit: 0

DeFi are so popular and in demand right now,why? Because more people are earning through staging and farming defi tokens and they're really gaining great returns from it. Just like me, I already farming XGT/xDAI on xdai chain and on Honeyswap. Very low gas fee with less than $0.01 /TX. check it here.

Xion.finance/farm

https://info.honeyswap.org/pair/0xB2B15DaE735e52CA0902824570Bd2458d78672f8

FrozenBit

full member

Activity: 658

Merit: 102

PredX - AI-Powered Prediction Market

Quote from: Panxora_COO on August 31, 2020, 05:13:40 PM

I found this article in Forbes over the weekend and it got me to thinking: If we are seeing articles in Forbes that means Decentralised Finance is reaching the eyes and ears of the masses. Question: Have you heard of DeFi?
If you have heard of DeFi, do you think its going to disrupt the multi-trillion dollar financial service industry or do you think its going to implode and destroy itself? Or do you think something in between those two polar opposites.

I also always questioned myself that it was created instead? dose that right? Basically, between DeFi and CeFi, it has its own good and bad points, so what we want with the current financial system. So i think there will be irreplaceable that between DeFi and cefi will combine to bring people the best services and products.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

Quote from: Panxora_COO on August 31, 2020, 05:13:40 PM

I found this article in Forbes over the weekend and it got me to thinking: If we are seeing articles in Forbes that means Decentralised Finance is reaching the eyes and ears of the masses. Question: Have you heard of DeFi?
If you have heard of DeFi, do you think its going to disrupt the multi-trillion dollar financial service industry or do you think its going to implode and destroy itself? Or do you think something in between those two polar opposites.

DEFI reaching everything that they need to have access , Forbes does not Prove them being adopted by Masses instead a Paid organization in which can be manipulated with the use of Good amount od money .

DEFI has been in the market but what happen in their Bull running months ago.

Quote from: Chainsmokers on January 05, 2021, 06:42:14 PM

in my eyes defi is one good alternative to invest if we are smart to choose and don't invest in long-term defi as it is too risky defi project can only be used as a short term investment when has doubled the profit sell and looking for another defi project

Yeah one good alternative to invest in PUMP and DUMP strategy ,and if you Got unlucky then your funds is Goodble.

Drahzar

jr. member

Activity: 345

Merit: 1

Quote from: Indiana1990 on January 05, 2021, 05:13:32 PM

Quote from: Drahzar on January 05, 2021, 03:26:49 PM

i think defi is much more credible concept than IEO/ICO previously, - here even when we see a huge hype, we understand that there's a strong financial model/technical base/strategic roadmap under this particular token. i believe defi isn't a real hype more like stable concept which will have a huge impact on a crypto market

also believe defi is a new concept, it will change the market. i invest in defi even in long term strategy, and especially interested in credible dex-es

besides, i'm watching just now an interesting stablecoin dex - xsigma. looks credible, backed by a public company and have a team from Ripple and amazon

Chainsmokers

sr. member

Activity: 1372

Merit: 252

in my eyes defi is one good alternative to invest if we are smart to choose and don't invest in long-term defi as it is too risky defi project can only be used as a short term investment when has doubled the profit sell and looking for another defi project

Indiana1990

newbie

Activity: 63

Merit: 0

Quote from: Drahzar on January 05, 2021, 03:26:49 PM

i think defi is much more credible concept than IEO/ICO previously, - here even when we see a huge hype, we understand that there's a strong financial model/technical base/strategic roadmap under this particular token. i believe defi isn't a real hype more like stable concept which will have a huge impact on a crypto market

also believe defi is a new concept, it will change the market. i invest in defi even in long term strategy, and especially interested in credible dex-es

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: aemma on December 23, 2020, 12:01:17 PM

Yes I have heard a lot about Defi and in as much as many will think it has a revolutionary idea, I however think that it needs more work and growth to be a seen as a revolutionary ecosystem. Sometimes, what's happening in Defi projects has also being seen in the ICO projects, wherein there were a lot of exit scam and nowadays, a good number of them are being hacked. Also, about disrupting the already existing financial system; I think it will be difficult to be achieved because only few of them are really working towards it, others are just for hype, and some are not secure enough hence the hacks witnessed within them.
Nevertheless, irrespective of the unfriendly experiences in DeFi, it is also good to know that just like the ICO era, it also brought a lot of attention to the crypto space hence if more work is done by the few good DeFi projects, a new rate of growth will be experienced.

If you will study DeFi platform, they really do have good mission.
But since it is proliferated by scammers, this platform becomes a headache for most investors.
If they will truly implement the goals of DeFi, I believe a lot of users will get benefit from it.
But sadly, only few of them have legit intentions. And it is hard to tell at the early stages of the project.
Usually, it is in the end phase of the project that you know they are about to abandon or run away.

edandrada

member

Activity: 1036

Merit: 18

they will be the finisher of this bull marekt. most of this defi project and exchange is scam.
be aware of scam.

Drahzar

jr. member

Activity: 345

Merit: 1

i think defi is much more credible concept than IEO/ICO previously, - here even when we see a huge hype, we understand that there's a strong financial model/technical base/strategic roadmap under this particular token. i believe defi isn't a real hype more like stable concept which will have a huge impact on a crypto market

aemma

copper member

Activity: 966

Merit: 14

Yes I have heard a lot about Defi and in as much as many will think it has a revolutionary idea, I however think that it needs more work and growth to be a seen as a revolutionary ecosystem. Sometimes, what's happening in Defi projects has also being seen in the ICO projects, wherein there were a lot of exit scam and nowadays, a good number of them are being hacked. Also, about disrupting the already existing financial system; I think it will be difficult to be achieved because only few of them are really working towards it, others are just for hype, and some are not secure enough hence the hacks witnessed within them.
Nevertheless, irrespective of the unfriendly experiences in DeFi, it is also good to know that just like the ICO era, it also brought a lot of attention to the crypto space hence if more work is done by the few good DeFi projects, a new rate of growth will be experienced.

bitcon

legendary

Activity: 2212

Merit: 1008

Quote from: Renampun on September 08, 2020, 04:48:14 PM

for me DeFi is a good project and has great potential...
but I do not like the DeFi project which only manipulates market prices to their advantage. like yfi which has unreasonable value and is most likely riddled with price manipulation.

Not all DeFi projects can be trusted. Many of them are a scam. If you choose projects for long-term investment, then you should give preference to those ones that are supported by a standing and finished product or which is based on DeFi technology, and not pharming.

Stedsm

legendary

Activity: 3052

Merit: 1273

Decentralized finance is as good as dark coins like XMR and Dash, but those dark coins have been holding very tight in a specific range. I can understand that in order to disrupt the so-called traditional financing systems, this DeFi niche needs to take a strong spike, not just in terms of price alone but delivering their promises through their projects. How can a project that was abandoned by its dev still be in the game and still 2x from its all time low? Maybe because investors have faith in the new dev who took over the project. What I'll be doing now, is just wait and watch how this "helping hand" theory plays out in DeFi. I'm also quite surprised to see some projects which were named meme projects that popped up after YFI was a success. I wonder how people even took that to over 3 BTC a coin when their devs clearly said that they didn't make this token with a purpose to give it a value as it's a valueless token.

Renampun

sr. member

Activity: 2338

Merit: 365

for me DeFi is a good project and has great potential...
but I do not like the DeFi project which only manipulates market prices to their advantage. like yfi which has unreasonable value and is most likely riddled with price manipulation.

Topic: I am curious about people's opinion of DeFi projects and coins (Read 689 times)