Topic: I NEED HELP WITH YOUR BRILLIANT OPINION. (Read 219 times)

Some of the DeFi projects are worth the hype, while for some of them, not so much. And I think it’s going to be worth it for the investors that got on the waves earlier before now. Just look up some of these DeFi projects and you will see fast they climbed to a very high price; some of them have moved from less than a hundred to being worth over thousands of dollars within a month.

Now the question is when is it going to be too late? Because if you’re going to ask whether their price rates will go down, the answer is more likely a yes. Those who got on it earlier have gotten their profit , and those who are coming in late are probably going to lose if they are not careful.

1. It's worth a try but you need to be very careful and not just throw your money around, as you have said it is similar to ICO, so there could be a boom and bust cycle. And we only hope that we can ride the boom cycle and then get out before getting burst.

2. Possible but it could also mean the death of DeFi itself, or at least the there's no more hype. And even in the bear market, there are a lot of scams, so I don't think that scam related activities will decline in crypto. As long as there are noobs who are getting victimised, scams will run rampant.

3. I will echo the sentiments, UNI is a good project that you can talk a look right now.

I use SUSHISWAP.

I have not lost money because i bought when the price was 1.1$ and i staked a lot of sushi, so basically i doubled my money, but the price of sushi is down at the moment and i don't think it will go up for some time, but i a holding hoping for the price to be 10$ and while that happen, i am earning sushi.

Could you recommend new DEFI project? I will be glad to know if you can share. For now, the Bitcointalk forum is congested with bounties altcoins section and more of it are just scam so hard to find good project nowadays it seems like people are creating projects for self interest. Anyway, the good news is that there are still project worth to join for specially project that pays BTC.

1. Does DEFI projects really worth it or just a hype like ICO projects?
There is a hype at the moment, i got recently into defi and crypto because of DEFI.

2. Is it possible that with DEFI project cryptocurrency could be as lively as before with less scam related acticities?
There will always be scams around, but there are a few of legit DEFI projects around, of course there is always risk, like for example the smart contract can have a bug and you can lose your coins, but usually the project do 3rd party audit of the code and that give you some kind of security.

3. What do you think of a good Defi project guys? Please do me a favor. Thanks a lot!
There are many,
Uniswap
Sushiswap
Compound

Coinmarketcap has ranking for DEFI and i cannot see scams there.

You will hear a lot that SUSHI is a scam but is really a legit project, is just a fork of Uniswap, there is some FUD around Sushi, but is just that, fud.

This is a profiting phenomenon for ETH miners around the world, they received more reward because the high fees.
Defi projects are the cause of high gas fee, and i think defi projects need to using other blockchain in cryptocurrency to diversify the transaction fees. I think Defi projects are not identical to scam projects, it is just some scammers using the momentum of defi to scam people.

I have just noticed that every project impersonating to be defi are being listed on uniswap without thorough investigation on the project teams or developers as well, most defi coins are developed just for the purpose of listing meanwhile, that's the same thing that occurred on ICO in 2017, certainly the promising and futuristic ICO projects survived today and are seriously active implementing outstanding developments.

Its just a matter of time to fully checkout the best and defi, the hype would surely come and go at some certain point in time, most would be completely dead, and at such desperate investors will lose. I have really think of a good defi project which I have never come across any, I would have suggested the ones listed on Binance but CZ made it clear that defi projects should be listed to avoid out flux of traders and investors to other exchange.

Defi hype is a source of scammers into the crypto games, remember, ICO started terminating as scammers comes into conducting ICO, plagiarising whitepapers, so, I haven't really think scam activities could stop because scammers traps new investors entering into the cryptogames on a regular basis.

As far as i have experienced I will try to answer your questions:
One thing is for sure DeFi and its products till now are not for every kind of investor only a small percentage of investors are interested in this product.
Secondly, I agree to the fact that DeFi is a hyped trend at the moment and slowly it will settle to the place it deserves but i do think that defi has big role to play in the future of finance.
Also you have asked for recommendation about defi project, personally i will not suggest you any because defi is just getting started and a lot of infrasttructure, improvement and upgrades are required alongwith dozens of real life products and services that will make people to adopt DeFis.

I am going to stay away from DeFi until hype goes away. The crypto space will fill up with DeFi scams, the bubble will burst and only then I might start researching some projects to see what's going on. Until then, it's a hit-or-miss thing.

It's never a good idea to join a hype. It's just that you never know when the bubble bursts - it's not like we have achieved anything revolutionary yet through it anyway. Bitcoin will still be in the center of the focus no matter how many other projects come out. How many coins do we really need?

It is hyped that is the truth.
Worthy projects, there are few of them. That is actually the reason I don't want to join in.
1/10 is a bad percentage.  I'd stick with the old coins.

Other way around. Yes, it's lively now. But scam related? It grew.

Careful with this question. You will find a lot of answers from users who are just trying to shill their supported coins.
You still have to do your job securing yourself before believing it.

DeFi is a hype for sure and there will come a time when the hype will drop and some of the DeFi tokens you’re seeing will fade out, maybe only a few of them will continue to survive in the market. When new things and ideas like this comes out, they usually receive hypes like this and lots of people start rushing out of FUD (not everyone is going to be lucky with the FUD)and once they get this high you will see lots of people who would want to sell their tokens and cash out the profit they have made.

Just look at some of these DeFi tokens and how their prices went up like crazy, anytime soon I don’t think these investors would still be ready to continue holding, they might decide to empty the bags.

1. If you see recently we always see the new project coming out with a name of "DeFi" offering a stake with an insane ROI. So, far when a lot project with same IDEA coming into the public my self marked it as "HYPE" except for the first project who bring a this main IDEA.

2. Could be "YES" since the investor really scared enter the market because "ICO" on 2017 giving us a bad result a lot people exit the crypto. With DeFi we have a new fresh money coming into the market and add more volume for cryptocurrency marketcap, but for "Scam" activity we can't handle it. When there has some "Hype" on the public scam will be always there, so everyone responsibility for their self.

3. I think the good DeFI is the first project who bring this new IDEA, and since DeFi offering a stake % the stake % should be normally maybe around 15-30%/years for a good economy system their token. A new project defi offering an insane % stake with more than 1000-5000%, makes the economy token was not really good.

Nice to know your input here and I would like to take it into consideration. This means that aside from ethereum defi projects too are taking into different networks.

Still DEFI is like an ICO, but what about the high gas fee that has been made?

I still need to know.more inputs of other users as well.  Might lead to a good defi project here.

Defi projects are new hype lice ICO. Few of them will be successful, rest of them will be dead in the first year or too.
There will be less scam projects then defi hype will end.
There could be some good projects right now, but it so hard to find...
Anyway, i prefer to use EOS dapps due to different fees model. Bought small bag for investment inside ownr wallet

I had this again some sort of discomfort with the things happening around like reading news about cryptocurrency coins hype, speculations, and worst scam related topics that are posted in this board. This some sort very irritating to me because I have experience before joining some ICO project that does not pay. It was really tough wasting my time and resources promoting scam projects. As I remember clearly it started from the ICO to STO - IEO and now the DEFI.

Ethereum network with DEFI coins
Defi had been explained here. I do believe that others get hype and no doubt earn rewards or even invested on some of DEFI projects. Now, ethereum transaction fee get so high blaming DEFI projects that are now working and making traffic of ethereum network transactions. I just thought of this already that this is another hype and from DEFI it will going to move into another name that will create hype to all crypto users.

So I had been questioning DEFI projects and made a quick search. Financemagnates.com stated that ETH miners, who are responsible for confirming transactions on the Ethereum network, were raking in cash. Finacemagnates added that according to on-chain analytics firm, Glassnode, miners on the network earned over $500,000 in just one hour on September 1st.

Really? Is that how DEFI became so popular?

If this is the real scenario then possibly I get behind already knowing that I seldom visit this board to get an update. I think I am falling behind the new trend. After knowing this possibilities it turn out to that it could be true after I have made a little transfer of eth to my other wallet. I was a little bit shock of the gas fee that was being suggested to deduct and the speculated time that it will be confirmed.

Ethereum network

This is not a really a nice thing to happen with ethereum network but I am confident enough that this will be manage accordingly after the creator of ethereum Vitalik Buterin twitted about the ethereum gas fee and the its solution to the problem. Thus, they are working already about the new upgrade ethereum 2.0 that will improve the network ability to handle high volume of transaction it added from financemagnates.com





In these recent events that I was becoming completely unaware maybe it is time to roam around in the forum and learn from people who are here always sharing good informations and news. So, now I would like to ask these questions regarding DEFI projects.

1. Does DEFI projects really worth it or just a hype like ICO projects?

2. Is it possible that with DEFI project cryptocurrency could be as lively as before with less scam related acticities?

3. What do you think of a good Defi project guys? Please do me a favor. Thanks a lot!


Reference:
https://www.financemagnates.com/cryptocurrency/news/ethereum-struggles-under-the-weight-of-defi-growth-is-eth-doomed-to-fail/