Overview on DeFi. - page 2. | Bitcointalksearch.org

Anonylz

hero member

Activity: 2562

Merit: 577

Quote from: ZincUnrated on July 21, 2020, 07:04:15 PM

Decentralized Finance has taken the industry by storm and the concept has continue to gain great momentum and recognition with a lot of projects springing up with the idea of #DeFi. Unfortunately, this is giving rise to a whole lot of scams and half baked projects. One must really be careful about investing in any cryptocurrency project claiming to be a decentralized Finance project.

2020 is the year of Defi projects, after the hard experience from the pandemic, the market is slowly coming back so is the economic activities, eth is on the rise because of Defi projects according to some, this is just the beginning of what will come afterwards, it looks like this new trend will be the preferred concept by many developers, many Defi related projects will come but only few will be genuine hence it is very important to be vigilant.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Quote from: Bitstar_coin on July 30, 2020, 11:27:29 PM

At the end only those Defi projects that actually have real usage and more beneficial to the crypto community and non crypto community perhaps will stand the chance for survival, rest of them will probably disappear same as those other projects before,
the hype for Defi is high now because investors want to enjoy the profit while it last, at the same time, there are or there will be lots of fake defi soon, people should do well to be observant to be able to differentiate the legit from fake.

You can expect that soon because scmmers, though they have brilliant minds, they jsut can't stick to doing things fairly. I do hope those projects though will be seen by the users who are always watching for the scam projects. Hard to see them but I'm sure there will be many defi scams that will be caught. Having too good collateral ratio might just be a good indicator for scam Defi.

Bitstar_coin

hero member

Activity: 2408

Merit: 693

SOL.BIOKRIPT.COM

At the end only those Defi projects that actually have real usage and more beneficial to the crypto community and non crypto community perhaps will stand the chance for survival, rest of them will probably disappear same as those other projects before,
the hype for Defi is high now because investors want to enjoy the profit while it last, at the same time, there are or there will be lots of fake defi soon, people should do well to be observant to be able to differentiate the legit from fake.

ZincUnrated

jr. member

Activity: 165

Merit: 1

Decentralized Finance has taken the industry by storm and the concept has continue to gain great momentum and recognition with a lot of projects springing up with the idea of #DeFi. Unfortunately, this is giving rise to a whole lot of scams and half baked projects. One must really be careful about investing in any cryptocurrency project claiming to be a decentralized Finance project.

rahmatullah9305

full member

Activity: 983

Merit: 100

Quote from: Judeebeku09 on July 12, 2020, 11:38:22 AM

I hope the whole noise about DeFi wont end up as another wasted effort. Looking forward to the best anyways

Everyone also hopes that, but we as ordinary people or users of DeFi also should not be complacent and negligent in monitoring the development of this DeFi, so that when there are things that we do not want we can quickly find out.

Judeebeku09

newbie

Activity: 15

Merit: 0

I hope the whole noise about DeFi wont end up as another wasted effort. Looking forward to the best anyways

target

legendary

Activity: 2212

Merit: 1041

Next Generation Web3 Casino

Quote from: mdzahed134 on July 10, 2020, 02:45:35 PM

Quote from: qazgroup on July 07, 2020, 03:57:08 PM

DeFi is a really dominating trend in the market right now i was holding some synthetix tokens too from the ico and regret selling them at around $1 each and now price has already pumped around $2.50 per snx and seems like bulls are still in control.

Yeah, DeFi is top trending topic right now. I have seen last a project was OIKOS Tron DeFi, most provably it’s a big successful project, they're a lot of legit investors. OKS were pump a several times to ico price. Now it’s trading is going a few quite good exchanges. I hope it will be hit Kucoin through people’s nominated.

The reason why Defi projects are hot trending is that people believe these projects have more realistic use than just adoption to merchants accepting cryptocurrencies in exchange for goods and services. Aave (LEND), for example, can provide you earnings for lending your tokens. Although this lending process is a double-edged sword that could backfire to a lender, adding more for your collateral will serve good before liquidation.

Synthetix (SXN) seems a serious use case for cryptocurrency when it comes to trading, the first in creating synthetic assets but OKS is just a clone but built for TRON network.

IvugeoEvolutionCoin

sr. member

Activity: 840

Merit: 267

SOL.BIOKRIPT.COM

Quote from: aemma on July 10, 2020, 02:43:53 PM

It is true that Defi is gaining the attention of all and sundry but even at that, one needs to be careful because overtime, it has been seen that when hype takes the lead, it opens ways for fraudsters to leverage on it to create their own projects thus carrying out their agenda. So what I am saying in essence is, no matter the hype and so on, let's not loose guard, due diligence should be embraced so that the best decisions can be made. ICO had their good times, IEO had their good times and now it is Defi, sooner than later another will come out to take over from it.

This is true, many crypto investors just buy into any coin tagged with DEFI without doing any research, hence its crystal clear that the DEFI hype has taken over and scammers keep launching tokens on daily basis. Its pretty easy now to scam with investors who fall into this category since the devs can list unofficially on uniswap and forkdelta to sell their tokens. Moreso, ICO is gradually creeping in since most developers launching new DEFI projects run token sale on their website. DEFI is a dope concept, but always look well before you leap.

mdzahed134

sr. member

Activity: 2128

Merit: 259

SOL.BIOKRIPT.COM

Quote from: qazgroup on July 07, 2020, 03:57:08 PM

DeFi is a really dominating trend in the market right now i was holding some synthetix tokens too from the ico and regret selling them at around $1 each and now price has already pumped around $2.50 per snx and seems like bulls are still in control.

Yeah, DeFi is top trending topic right now. I have seen last a project was OIKOS Tron DeFi, most provably it’s a big successful project, they're a lot of legit investors. OKS were pump a several times to ico price. Now it’s trading is going a few quite good exchanges. I hope it will be hit Kucoin through people’s nominated.

aemma

copper member

Activity: 966

Merit: 14

It is true that Defi is gaining the attention of all and sundry but even at that, one needs to be careful because overtime, it has been seen that when hype takes the lead, it opens ways for fraudsters to leverage on it to create their own projects thus carrying out their agenda. So what I am saying in essence is, no matter the hype and so on, let's not loose guard, due diligence should be embraced so that the best decisions can be made. ICO had their good times, IEO had their good times and now it is Defi, sooner than later another will come out to take over from it.

tycsols

member

Activity: 812

Merit: 10

BountyMarketCap

DeFis are going to grow further in coming months and years, just consider these current versions as starters just keep an eye on them as they keep updating and upgrading .
I am hopeful and positive that in few years DeFi sector will be growing so much that it will be capable to compete with the traditional financial sector which is outdated and definitely needed something new so here we have it in shape of DeFi.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: qazgroup on July 07, 2020, 03:57:08 PM

DeFi is a really dominating trend in the market right now i was holding some synthetix tokens too from the ico and regret selling them at around $1 each and now price has already pumped around $2.50 per snx and seems like bulls are still in control.

As long as bitcoin has not got a bad news and everything will be fine. Bitcoin is the main crypto that will determine the trend for the whole of cryptocurrencies and its DEFI. So the hype of defi will always there as long as it can keep the trust by community

Denamen

sr. member

Activity: 499

Merit: 250

Chainjoes.com

Quote from: ScamViruS on July 07, 2020, 02:39:32 PM

I have been following one thing in the crypto market for some time now, what will be the next trend that will start the crypto bull market again. Because the most important thing for starting a crypto bull market is a hot trend.

And at the moment it seems to me that DeFi is the hottest trending. This is good for the market, it will see some changes in the market. But for this DeFi trend, a lot of pump dumps group will start playing in the market.

This will be an investment trend which will certainly be very popular in the next few months. However, the risk can also occur because the Defi coins will usually be pumped very quickly in a short time, and when the profit is satisfied, they will panic sell to make a profit. This is a game that you need to be more careful and should be investors to join early because it will help you greatly reduce the big risks.

omone1

member

Activity: 843

Merit: 52

These days, many new project are springing up, calling themselves DEFi and get listed on Uniswap, after investors must have bought, they withdraw liquidity and scam.

MCDev

sr. member

Activity: 680

Merit: 255

Quote from: luckyflop on July 07, 2020, 06:15:24 AM

DeFi is getting hot in recent months, I believe that from now until the end of 2020, there will be a lot of DeFi projects appearing in this market and it will probably help the market explode like those What ICOs did in 2017

All things can happen in the cryptocurrency market, but DeFi's ability to bring the market boom like 2017 is almost impossible. Investors were too bored with the hype and they were not easily fooled again.

qazgroup

member

Activity: 1022

Merit: 20

RiveMont

DeFi is a really dominating trend in the market right now i was holding some synthetix tokens too from the ico and regret selling them at around $1 each and now price has already pumped around $2.50 per snx and seems like bulls are still in control.

target

legendary

Activity: 2212

Merit: 1041

Next Generation Web3 Casino

Quote from: xZork on July 07, 2020, 02:10:54 PM

Quote from: luckyflop on July 07, 2020, 06:15:24 AM

DeFi is getting hot in recent months, I believe that from now until the end of 2020, there will be a lot of DeFi projects appearing in this market and it will probably help the market explode like those What ICOs did in 2017

I think that DeFi projects are like ICo and IEO, mostly an exaggeration to attract investors. There will be very few DeFi projects in existence and success, probably only pumping and dumping.

Defi is not kind of crowdfunding. Grin

Its a platform where like DEX but different because it does have something sBTC and iBTC. These are for SHORTING and going LONG much like if you wanna try margin trading in the DEX. There are different types of Defi projects though there are for lending like AAVE which was formerly LEND, this is like Compound I guess.

An interesting development in crypto actually. Its more than just Decentralization as its all non-custodial.

ScamViruS

hero member

Activity: 1750

Merit: 720

Top Crypto Casino

I have been following one thing in the crypto market for some time now, what will be the next trend that will start the crypto bull market again. Because the most important thing for starting a crypto bull market is a hot trend.

And at the moment it seems to me that DeFi is the hottest trending. This is good for the market, it will see some changes in the market. But for this DeFi trend, a lot of pump dumps group will start playing in the market.

xZork

hero member

Activity: 1249

Merit: 506

Quote from: luckyflop on July 07, 2020, 06:15:24 AM

DeFi is getting hot in recent months, I believe that from now until the end of 2020, there will be a lot of DeFi projects appearing in this market and it will probably help the market explode like those What ICOs did in 2017

I think that DeFi projects are like ICo and IEO, mostly an exaggeration to attract investors. There will be very few DeFi projects in existence and success, probably only pumping and dumping.

masterrex

full member

Activity: 1820

Merit: 107

Decentralized Finance or Defi is the talk of the crypto industry in recent months, the hype was real, and because of that trend, many so-called Defi projects are sprouting elsewhere like a mushroom. thats why be careful of dealing with some of them, I'm sure many of those projects are bogus, and just using the Defi popularity to victimized people, scammers are everywhere and always waiting the right time to devour its potential victim. check thoroughly those new Defi projects if it's legit or not before investing with them.

Topic: Overview on DeFi. - page 2. (Read 1281 times)