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Topic: Overview on DeFi. - page 3. (Read 1281 times)

hero member
Activity: 2660
Merit: 509
Leading Crypto Sports Betting & Casino Platform
July 07, 2020, 06:17:14 AM
#20
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
A lot of new defi will appear but at the same time, there must be some defi that will die caused by this trend too. In my opinion if everything based on the hype and there will be only a few services from defi who can still survive for the long term.
hero member
Activity: 812
Merit: 512
July 07, 2020, 06:15:24 AM
#20
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
member
Activity: 532
Merit: 41
July 07, 2020, 06:13:02 AM
#19
I'm fine with exchanges tokens and payment projects, anything different from these two use case is not for me, I believe that not all use cases are good for blockchain, some will only survive for a while and their Hypes will die
member
Activity: 532
Merit: 41
July 07, 2020, 06:11:48 AM
#18
After reading so many comments I have no choice but to ask the audience that what or which project in crypto space that isn't based on hype? Everyone keeps saying DeFi is another hyped projects, everything about crypto is hyped that's my fact, either DeFi will survive or not I can't say, for me it's not what I need.
sr. member
Activity: 868
Merit: 251
Empowering crypto w/ sustainable energy
July 07, 2020, 06:06:47 AM
#17
Very good review and thanks for the effort you put in. Nevertheless one can not deny that defi is an upcoming trend. Personally I can not see the fact why defi is so popular at the moment-
newbie
Activity: 19
Merit: 0
July 07, 2020, 05:52:39 AM
#16
Check here the Q2 blockchain dapp report by dapp.com, it clearly shows that Jun is the Month of DeFi. And it starts from $COMP.

https://www.dapp.com/article/q2-2020-dapp-market-report
legendary
Activity: 2086
Merit: 1282
Logo Designer ⛨ BSFL Division1
July 06, 2020, 02:38:09 PM
#15
Nothing 'hot' about Defi for me...
It is all bunch of pump and dump crap that are running on Uniswap exchange, and excluding only few exceptions.
I also think this topic is not in correct place Beginners & Help and should be moved to Altcoins or tokens sections.
newbie
Activity: 17
Merit: 0
July 06, 2020, 02:09:42 PM
#14
You left HEX off your list ( first blockchain certificate of deposit) CD. It is rank #20 on top cryptos and one of the highest volume trading pairs on uniswap. I know a lot of people call this a shitcoin but over $2billion dollars of bitcoin claimed their hex, so I wouldn't just count it out.
hero member
Activity: 1722
Merit: 801
July 06, 2020, 12:07:12 PM
#14
Bump
newbie
Activity: 16
Merit: 3
June 23, 2020, 05:15:34 AM
#13
Hey, thanks for the cool piece of information! Btw, there is a repository of knowledge about DeFi: https://defiwiki.org/. It could help to educate the community about decentralized finance as well.
hero member
Activity: 1722
Merit: 801
June 20, 2020, 12:01:13 PM
#12
Where is the most excellent profitings?

All I can see are a bunch of losses waiting to happen. If whatever tradeable shittoken doesn't collapse and eat your money, whatever money you're insane enough to actually put into one of these schemes will vapourise rapidly too.
Momentum and volume. That's it.

As I said, don't invest, trade instead. Invest will cause losses because it is for long term. Such a trend does not usually last for too long.

Trade if you can find a good entry point.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
June 20, 2020, 11:57:22 AM
#11
Why are you so serious guys?

Where is the most excellent profitings?

All I can see are a bunch of losses waiting to happen. If whatever tradeable shittoken doesn't collapse and eat your money, whatever money you're insane enough to actually put into one of these schemes will vapourise rapidly too.
hero member
Activity: 1722
Merit: 801
June 20, 2020, 11:54:05 AM
#10
I warned most of them will end with losses in OP. Does it makes sense? A trend is a trend. Fork was a trend, ICO was a trend, IEO was a trend, Masternodes/ stake coin was a trend, cold staking was a trend. No one can deny it.

You love it, you hate it, the trend is here.

Generally, trade and get profits if you can. If you can not, stay away of anything relates to DeFi. Bitcoin is King!
mk4
legendary
Activity: 2786
Merit: 3845
Paldo.io 🤖
June 20, 2020, 11:49:15 AM
#9
Why are you so serious guys? I meant if you are not fomo, and patient enough, you will be able to take advantage of the trend? Who care how many tokens will build up a truly DeFi platform?

Forget it. If you look at it as pump and dump and can take advantage of the movement, you will be able to earn profit. DeFi or not, it is only a term. Pump and dump are real. Don't buy and wait for pumps, indeed do the opposite.

You saying that it's a pump and dump as if it's actually a good thing. I'm 100% totally and completely fine with people creating interesting projects, but it gets bad real quick when the meth-heads on social media are spreading that these "DeFi" tokens are good investments and shilling them like there's no tomorrow.
hero member
Activity: 1722
Merit: 801
June 20, 2020, 11:45:51 AM
#8
Why are you so serious guys? I meant if you are not fomo, and patient enough, you will be able to take advantage of the trend? Who care how many tokens will build up a truly DeFi platform?

Forget it. If you look at it as pump and dump and can take advantage of the movement, you will be able to earn profit. DeFi or not, it is only a term. Pump and dump are real. Don't buy and wait for pumps, indeed do the opposite.

Trade with it, not invest.
legendary
Activity: 2954
Merit: 2145
June 20, 2020, 10:37:22 AM
#7
Not to be a total killjoy here, but is it just me or is it like "DeFi" is the 2020 version of the "blockchain technology" hype? Most of the "DeFi" platforms simply has some serious flaws for them to work well in the long term. Yea I seem like a total snob but I'm still not convinced that anything but bitcoin will work for now.

Yep, DEfI is when a bunch of shitcoins and tokens gathered together and decided to create some sort of brand. A lot of these products are not as interesting as it sounds. Collaterized crypto loans will never replace fiat credit and loans. Flash loans are useless to anyone except some traders. And when hacks occur, suddenly the devs are able to intervene in a completely centralized manner with their master keys, totally undoing the "De" in DeFi. Now ask yourself what will happen if the government knocks on their doors and ask them to give them the copy of their keys.
hero member
Activity: 2142
Merit: 792
Top Crypto Casino
June 20, 2020, 10:12:27 AM
#6
Defi is over-hyped and as everything new in the crypto market investors are going crazy about it. Give them a year and two and you will hear Defi investors cursing it. It is always good to wait and watch first if you do not want to incur losses.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
June 20, 2020, 06:44:27 AM
#5
These platforms are broken piece of shit jokes. How anyone can take them seriously is beyond me. It would be pure suicide to attempt to run your actual life through junk like this.

There is a bunch of guys that need to come with new schemes, ICOs have been played out, IEOs have been a total flop now we need something new, and this is the best. People just don't understand that not everything in this world needs a token, a blockchain, or a smart contract.

But in a way, it's normal, not only in cryptos we have thousands of things being produced, launched and retired because nobody is actually interested in them. The DeFi story will continue for a few years, hunting those 1 out of 5 unbanked people like a mirage till they realize that you can't develop a business by loaning money to people who have little to no money.
Another fad that will go away pretty soon and we're on our way to the new "revolutionary" thing.



legendary
Activity: 2786
Merit: 1031
June 20, 2020, 06:29:52 AM
#4
These platforms are broken piece of shit jokes. How anyone can take them seriously is beyond me. It would be pure suicide to attempt to run your actual life through junk like this.

There've been numerous hacks of these now, often to the tune of many millions of dollars. Luckily one of them was covered by 'decentralised insurance', less luckily and even less surprisingly it chose not to pay out.

Like the ICOs it will grow a lot, millions will be made and lost, and then it will go away and something new will come.

The very few good projects will survive.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
June 20, 2020, 05:17:52 AM
#3
These platforms are broken piece of shit jokes. How anyone can take them seriously is beyond me. It would be pure suicide to attempt to run your actual life through junk like this.

There've been numerous hacks of these now, often to the tune of many millions of dollars. Luckily one of them was covered by 'decentralised insurance', less luckily and even less surprisingly it chose not to pay out.
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