Is DeFi dead? - page 2. | Bitcointalksearch.org

brooksby

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Quote from: jrrsparkles on August 13, 2021, 10:41:38 AM

China banned mining not the bitcoin

India is banning bitcoin for a decade now.

USA and UK regulated cryptos.

And DeFi has nothing to do with the bitcoin regulations, DeFi hype ended so you are not seeing much news about it now.

When a hype for around something ends, that doesn't mean the thing itself also ended. There are dozens of platforms driving development of DeFi applications forward. It hasn't stopped and rest assured it won't stop anytime soon. There is too much potential to be exploited there. Crypto adoption is still low, the tech still too complicated, cross chain transactions and communication still to cumbersome. When the frontends of all these applications become more user friendly and the applications themselves more established, we will see a lot of them going mainstream with the next generations to come. DeFi is anything but dead.

Reatim

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I guess you are joking about INDIA PLANNING BANNING BITCOIN right? this has been on going and On and Off since years ago but does effect the market? i don't think this count in any way.
china banning MINING , not crypto because they have their own cryptocurrency , so banning it will need to ban their own also.
and I'm not sure what does those going to affect DEFI? is there really relevance ? or you are just being paranoid mate.
Defi on the other hand is still kicking but yeah i am not a fan ever since.

gwdf1

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I don’t think that defi now is dead. It had its hype a half of a year ago, but I think that this sphere is still alive. Defi-projects are really useful. They help people earn, take loans, entertain, exchange tokens, transfer them between blockchains. There are so many types of defi-projects and I think that some of them are still interesting for people.

btcltcdigger

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Quote from: john_nautica on August 14, 2021, 01:40:18 AM

I think it's NFT era now I rarely heard of DeFi now, it looks like the hype now is on NFT which is not surprising since it is entertaining and you will be able to earn at the same time as well. But I'm not sure if they are dead I see that there's still a lot of DeFI at the market.

NFT's are a hype this is true, but DeFi is the backbone of most of NFT hype coming out today.
Because most newer NFT projects offer some sort of staking or yield farming ... and this is DeFi

Chuky92

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Most of these are not closely related to DeFi, nonetheless China ban has been on miners and not Bitcoin, India on the other hand, are yet to decide what they want, they have banning Bitcoin for years now but yet looks like they are not serious with it, so no need to bother about it.
DeFi on the other hand, is still much around but the hype has left it for another trend, but that doesn't mean it is no longer working or not in existence or dead, there are still many Defi platforms out there, some even have NFT features thus still making them very much active. Lastly, the reason nothing much is being heard about DeFi now is, NFT trend has taken over as seen everywhere in the crypto space, so little attention is paid on DeFi now.

john_nautica

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I think it's NFT era now I rarely heard of DeFi now, it looks like the hype now is on NFT which is not surprising since it is entertaining and you will be able to earn at the same time as well. But I'm not sure if they are dead I see that there's still a lot of DeFI at the market.

RussianEnglishTranslation

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DeFi on NEAR protocol is growing, Ref Finance has farming and Cheddar finance will release soon. The @ DeFiWizards $MAGIC is creating spells that instruct new DeFi users how to maximize their profits.

FairUser

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You give us a wide range of information and FUD in the market,
maybe I think I'll see you soon with topics like 'deFi revival after death..' stuff like that.
Perhaps you are well-prepared for the big changes in the near future.

asriloni

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Bunch of defi are still alive right now. It's quite impossible for the defi to be dead. people are using the centralized exchange site as a gateway to put their money to get into the defi ecosystem. The defi itself is still relatively news. it has been 2 years since the first defi already introduced to the market. The defi will still alive and it will not die. The only hype will be gone but it could also come back again anytime.

tabas

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Not yet.
https://coinmarketcap.com/view/defi/
Look at that list and see how much money that's still on the Defi's. That's why I don't think that defi's are dead.

AmoreJaz

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Quote from: Slow death on August 13, 2021, 06:42:49 PM

don't worry that in the cryptocurrency market whenever you create something dies to make way for something new, we had ICOs that died, now DEFI that will follow the same path as ICO, and we have NFT that after some time also holds the same path as the ICOs. always have this cycle

defi is not yet dead but it is now facing potential reduction of user-base. people are realising that passive income via staking or farming is not possible if the platform itself is not rock solid with less number of clients. not all defis can survive in this market, some are already exiting the game owed to hacking or other internal problems.
but with NFT, i guess, this one will survive long. it is just in the early phase and it is attracting a lot of audience already coming from popular personalities, athletes, artists. they are discovering that creating their own NFT collection is a new digital way to connect with their fans and this will be a lucrative industry.

just few personalities who are already into NFT (and there's a lot more) -

Manny Pacquiao
Tony Hawk
Paris Hilton
Beeple

Slow death

legendary

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don't worry that in the cryptocurrency market whenever you create something dies to make way for something new, we had ICOs that died, now DEFI that will follow the same path as ICO, and we have NFT that after some time also holds the same path as the ICOs. always have this cycle

retnoanjani

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Quote from: cryptoknows on August 13, 2021, 12:37:59 PM

DeFi may have come to a standstill within the Ethereum ecosystem for a while. Many projects have already settled in the minds of many cryptoenthusiasts and this is a lot of competition. Check out new DeFi projects on many cross-chain platforms like Solana, Near Protocol, Matic. Everything is just beginning inside their ecosystems, and perhaps there you can find an interesting DeFi project for you.

while there are other more interesting trends right now for example NFT and some meme coin moments. so defi seems dim. actually the defi market is still there and growing pretty well as you mentioned, but it's not as booming as it was last year, where all projects almost embed the word "defi" in their introduction. trend is always changing, developers are trying to adapt to this to strengthen market support.

ectbit

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Dead? haha

Everyday many people earn a lot of money from DeFi projects. If you are careful not to get rugpulled or to step on scam then you can earn a small or higher piece.

I don't know if NFT is better or just a hype, this is a big discussion

Refrumatrix

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DeFI reign is officially over, now we have NFT and they are more than just the hypes surrounding DeFI projects, I meant NFT projects are way better in terms of utilities, most DeFI projects don't have any real use case than decentralized finance aka Yield farming but NFT has what it takes

btcltcdigger

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It's anything BUT dead. Even with these bans, it's utility grows, as people seek new ways to invest their money.
Defi is certainly one of them.

capcaypro

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DeFi hype has started to be pushed aside and is no longer as interesting and enthusiastic as it used to be but that doesn't mean defi is dead because as far as I know there are still some that are still running and if I'm not mistaken Mark Cuban once said there is a crypto-based DeFi and this is proof that DeFi isn't dead yet.
but the hype is now being replaced by NFT which is experiencing a positive trend in the last few months I think.

Dragonfund

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With DeFi or not, KYC will remain on top centralized exchanges, this is a measure to mitigate fraud and scammers. This has help so far and I don't think kyc affects DeFi that much, even the so called DeFi platform have a limitation to services they offer, once you try to cross the limit, they will ask you to go for kyc.
About ban, I'm even happy about bitcoin mining ban. We don't have to be play by China time bitcoin increase in value because they always come with this anti ban shit to destroy bitcoin but now that they don't have anything to ban, bitcoin can now enjoy without any hindrance.

jrrsparkles

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Quote from: SquirrelJulietGarden on August 13, 2021, 12:04:06 PM

Quote from: jrrsparkles on August 13, 2021, 10:41:38 AM

China banned mining not the bitcoin

China bans Bitcoin mining in some areas of China mainland and does not ban it nationwide.

Quote

India is banning bitcoin for a decade now.

India does not ban Bitcoin. Bitcoin Gains by Country: Who Benefited the Most from the 2020 Boom?. India is in top big gains by country. There are many crypto exchanges from India, Warzix for example.

Quote

And DeFi has nothing to do with the bitcoin regulations, DeFi hype ended so you are not seeing much news about it now.

Governments will do more regulations on Bitcoin, crypto, stable coins and DeFi but it won't be apocalypse for DeFi projects. If they are legit companies, and obey regulations, they will be allowed to operate.

You didn't get the sarcasm buddy, sorry if I just kept too simple to understand. Grin

China ban news related to crypto currency existing here for very long time and especially everytime when the price gets bullish so its not letting the bitcoin down but contrarily helping bitcoin.

About India ban by their central banks from 2017 but recently such ban also lifted by the court judgement and after that the central bank advised them to ban by making new policy but government of India is not going to look cryptos for now since they have lot on their priority list.

cryptoknows

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DeFi may have come to a standstill within the Ethereum ecosystem for a while. Many projects have already settled in the minds of many cryptoenthusiasts and this is a lot of competition. Check out new DeFi projects on many cross-chain platforms like Solana, Near Protocol, Matic. Everything is just beginning inside their ecosystems, and perhaps there you can find an interesting DeFi project for you.

Topic: Is DeFi dead? - page 2. (Read 371 times)