Topic: Is DeFi dead? - page 3. (Read 395 times)
DeFi cointinues to evolve while regulatros are still trying to catch up to the trend. It will probably reach a plateau at some point and the whole DeFi space will be subject to a level of regulation. I won't be surprised if that happens since I know the "De" is not really decentralized and these projects are using the word loosely.
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.
Defi isn't dead and cant die, the problems that you raised in your message here are general cryptocurrency problems and most of them have been existing for a long time but cryptocurrency is still thriving.
It is normal for governments to try and control the use of cryptocurrencies the best way they can but decentralized finance is an innovation that is doing great especially with the increased use of NFTs.
It is normal for governments to try and control the use of cryptocurrencies the best way they can but decentralized finance is an innovation that is doing great especially with the increased use of NFTs.
Although some Defi tokens have experienced a high decline, it can be said that the Defi market has dimmed for now, but with the current hot market price with the rise of some existing coins, of course, the Defi market will again increase its trading volume like YFI which some time ago has dropped to 50% is now starting to increase and with ETH 2.0 it is possible that Defi can become hype again.
all of fud only effective for short time only but slowly its negative effect will gone by it self. we ever heard crytocurrency project will die in near time , and even several super power country use serious action to realized it.but the market still alive now due no one could controll crypto market. personally my concern now changes to NFT gaming project , its a wonderfull breakthrough from dev team.
DeFI hype is no more since 2020 4th quarter, it was a very good experience as many DeFI projects brings good profits for me but the ban on crypto isn't going to work out, china ban mining in the country and India never have a good plan for crypto anyways as they always ban but believe me all this won't have any negative impact, the only thing that have negative impact on crypto was covid19 and that's not going to happen again hopefully
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.
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.
Is DeFi dead?
This will encapsulate roughly 90% of the money in crypto.
Let's look at what DeFi is supposed to offer:
Is DeFi dead? What good is it anymore? What utility will altcoins like ADA even offer?
It certainly seems like it will be in the US and Europe if residents don't make their voices heard to stop imminent crypto legislation.
- With China effectively banning crypto.
- India planning a ban.
- Europe and US planning to force users into centralized exchanges through KYC.
- South Korea is already forcing KYC and banning certain altcoins.
This will encapsulate roughly 90% of the money in crypto.
Let's look at what DeFi is supposed to offer:
- Decentralized exchanges (DEXs) - Effectively banned.
- Stablecoins - to be replaced by CBDCs
- Lending platforms - Effectively banned or no different than banks.
- "Wrapped" bitcoins (WBTC) - still around, but limited utility.
- Prediction markets - are there any? Will likely be regulated as a security, in near future.
Is DeFi dead? What good is it anymore? What utility will altcoins like ADA even offer?
It certainly seems like it will be in the US and Europe if residents don't make their voices heard to stop imminent crypto legislation.
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