Top 6 DeFi projects to watch in 2020 🎯

tiang_tower

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Quote from: jahepahit on January 28, 2021, 05:31:50 PM

This is quite a good list and I believe all these projects will do very long in both short terns and long terms. Already keeping some eye on them.

By the way, as long as you keep an eye on him what developments have happened to the project?
I'm sure you know because you say you've overseen all the projects.

TimtheYoutuber

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Quote from: jahepahit on January 28, 2021, 05:31:50 PM

This is quite a good list and I believe all these projects will do very long in both short terns and long terms. Already keeping some eye on them.

I would love to see how DeFi does In the next ten years. I believe some of these projects will be gone in the near future though.

jahepahit

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This is quite a good list and I believe all these projects will do very long in both short terns and long terms. Already keeping some eye on them.

Holla123

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Quote from: Dariusburst on October 28, 2020, 11:49:36 AM

I have no reason to invest in uniswap, it's just a decentralized exchange and that's that. I like Oracle DeFi projects like ChainLink because they are more useful, any DeFi project you want to get into make sure their use case if very useful thus creating more adoptions for the masses

Of course Chainlink is a brilliant project but I would surely not dismiss Uniswap. Ethereum is the biggest ecosystem by far they are listing ALL Ethereum tokens which is a lot. And if other ecosystems like Polkadot or Vechain catch up who will keep them from including projects from those spaces too?? I do not hold any Uniswap but looking at the chart the last couple of days that does not seem like a very smart decision. Ok they are seeing some fightback from Binance but they are well established by now. Not very cheap or quick but super convenient.

TimtheYoutuber

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Quote from: bttmember on January 24, 2021, 01:21:25 PM

Quote from: TimtheYoutuber on October 28, 2020, 08:44:39 AM

There are so many new DeFi projects that keep appearing, so I made a list of the top 6.

1. Maker DAO
2. UniSwap
3. Compound
4. Synthetix
5. Yearn Finance
6. Curve

Full Read: https://forrestvisions.com/blog/top-6-defi-projects-you-should-know-about/

What other projects are you guys interested in? If they are reputable ill add them.

Synthetix has grown unexpectedly as i still remember the time when it was trading under 10 cents around couple of years ago but now it is over 15 bucks which is phenomenal performance and some new defi projects are also poised to do well in future.

Lots of stuff in DeFi has been exploding. I haven't personally used Synthtix but I will certainly dive more into it.

Sebas.tian

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Quote from: TimtheYoutuber on January 18, 2021, 10:01:54 AM

Quote from: rahmatullah9305 on December 22, 2020, 09:15:42 PM

Quote from: TimtheYoutuber on December 05, 2020, 09:18:27 AM

What do you like most about DeFi projects?

For this year I only like Uniswap as a DeFi project that can help me in terms of getting profit, other than that I don't like it, and one more thing is the transparency of the DeFi project so I like it, although not in the long run, because I'm also not sure if DeFi will last in the long term.

You don't think decentralize finance will be around in the future? I don't think we will see the same projects in the long term, but we will see aspects of defi.

There will be more decentralized finance projects that will stay on a long term but these projects must be in the category that are sincere to investors. There have been decentralized finance platforms that acted strange with investors funds, these won't make the long term projects as far as the decentralized finance is concern.

bttmember

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Quote from: TimtheYoutuber on October 28, 2020, 08:44:39 AM

There are so many new DeFi projects that keep appearing, so I made a list of the top 6.

1. Maker DAO
2. UniSwap
3. Compound
4. Synthetix
5. Yearn Finance
6. Curve

Full Read: https://forrestvisions.com/blog/top-6-defi-projects-you-should-know-about/

What other projects are you guys interested in? If they are reputable ill add them.

Synthetix has grown unexpectedly as i still remember the time when it was trading under 10 cents around couple of years ago but now it is over 15 bucks which is phenomenal performance and some new defi projects are also poised to do well in future.

target

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Quote from: ardentvolcanoes on January 24, 2021, 12:59:52 PM

Quote from: target on January 18, 2021, 02:24:39 PM

Quote from: Dessy88 on January 18, 2021, 02:13:28 PM

Defi hype over right now and just in few days later everyone will forget defi market. I have no good thinking about defi market right now so i am not interested for invest in defi project. Anyway if you want invest in defi project the everyone can follow op list because here is all top defi project which is still trust project.

That couldnt be true since the projects we use to just see as utility token are gradually becoming part of the defi ecosystem. Defi is here to stay and so are the governance tokens. We can just say Uniswap and the DEX that now shifted to defi will disappear. Not gonna happen.

As long as there are investors who are willing to take part of this business, it will continue to survive or it can bounce back again

and bring more opportunities, it will depend from how people embrace their chosen project base from this ecosystem. If there

are big support what do you expect right?

Exactly. They are here to stay. People make money out of them, the Defi projects still are up to become utility tokens and Uni had moon already. I'm surprise though that OP only listed 6 of them. There are more Defi projects other than the six and they are much older than some of them too like the Aave formerly LEND and there is also Jarvis token,

ardentvolcanoes

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Quote from: target on January 18, 2021, 02:24:39 PM

Quote from: Dessy88 on January 18, 2021, 02:13:28 PM

Defi hype over right now and just in few days later everyone will forget defi market. I have no good thinking about defi market right now so i am not interested for invest in defi project. Anyway if you want invest in defi project the everyone can follow op list because here is all top defi project which is still trust project.

That couldnt be true since the projects we use to just see as utility token are gradually becoming part of the defi ecosystem. Defi is here to stay and so are the governance tokens. We can just say Uniswap and the DEX that now shifted to defi will disappear. Not gonna happen.

As long as there are investors who are willing to take part of this business, it will continue to survive or it can bounce back again

and bring more opportunities, it will depend from how people embrace their chosen project base from this ecosystem. If there

are big support what do you expect right?

stormterror

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I don't know the exact float. next month I will say a different number. once all this FOMO shit starts happening ETH will soar like a rocket. ETH should be a good cheap currency with low fees. if it could catch on that would help move the price up more. eth has a high number of coins and the price is high. just hope some good news or developments can help move the price up to and the fees down to get into defi.

heztida3

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uniswap has demonstrated to be a genuine distinct advantage yet the publicity and fomo hurt it a piece, im discussing crazy volumes that drove exchange expense to as high as $100 which resembled unbelievable to me. Likewise many phony defi projects exploited such promotion by misleading and floor covering pulling.

kenelmark

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Quote from: feewzy on January 24, 2021, 07:21:10 AM

Hype on DEFI projects may no longer be so big, but still a large number of DEFI projects are created every day and collect not small investment fees in their projects.

Every day more and more people are entering this area of the cryptocurrency world, but the DEFI branch should not be considered something bad and that takes money away from people. It's just that newbie investors need to be extremely careful when choosing a project for investing and buying tokens.

Yes, new investors do need to be careful in choosing a project and they also still need to learn to see a project, because DeFi is still vulnerable to birth and part of the DeFi project is still deceiving many people, so this really needs to be analyzed continuously.

feewzy

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Quote from: Dessy88 on January 18, 2021, 02:13:28 PM

Defi hype over right now and just in few days later everyone will forget defi market. I have no good thinking about defi market right now so i am not interested for invest in defi project. Anyway if you want invest in defi project the everyone can follow op list because here is all top defi project which is still trust project.

Hype on DEFI projects may no longer be so big, but still a large number of DEFI projects are created every day and collect not small investment fees in their projects.

Every day more and more people are entering this area of the cryptocurrency world, but the DEFI branch should not be considered something bad and that takes money away from people. It's just that newbie investors need to be extremely careful when choosing a project for investing and buying tokens.

Shasha80

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All of the DeFi projects that you mentioned at the opening are indeed very good for investment, even the 5 DeFi projects that you
mentioned have experienced an increase in prices in 2021. Maybe only Yearn Finance is not performing well, but I am sure that in
the near future Yearn Finance will also recover soon. Many people think DeFi trend is over, but I think DeFi projects this year will bounce
back. It can be seen that the performance of most of the top DeFi projects has experienced price increases. And don't forget to invest
in Chainlink, because it is my favorite DeFi project. And based on CMC site data, Chainlink is still the 1st rank DeFi project.

KaratX

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Sovryn - Brings DeFi to Bitcoin

Quote from: TimtheYoutuber on October 28, 2020, 08:44:39 AM

There are so many new DeFi projects that keep appearing, so I made a list of the top 6.

1. Maker DAO
2. UniSwap
3. Compound
4. Synthetix
5. Yearn Finance
6. Curve

Full Read: https://forrestvisions.com/blog/top-6-defi-projects-you-should-know-about/

What other projects are you guys interested in? If they are reputable ill add them.

The only DeFi project that's making waves now is Polkadot, all others are coming at Polkadot back in terms of achievements and also the adoption rates, the next one still remains Chainlink, I'm also looking forward to what will happen around avalanche because I can't deny what that project have in store.

SirLancelot

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The ones you have mentioned are good, Uniswap has been going great and I believe it’s one of the best we have as of today. There are other ones I think you should to your list of top Defi, and the first is Ox; the purpose behind creating Ox is to speed up and as well create a top solution for ETH’s blockchain.

Apart from Ox, other good Defi that you should do some research on includes Band Protocol, Kava, Defi yield protocol, and Ren Protocol.

I believe these ones should all be on the list of top Defi projects that anyone will invest this year.

target

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Quote from: Dessy88 on January 18, 2021, 02:13:28 PM

Defi hype over right now and just in few days later everyone will forget defi market. I have no good thinking about defi market right now so i am not interested for invest in defi project. Anyway if you want invest in defi project the everyone can follow op list because here is all top defi project which is still trust project.

That couldnt be true since the projects we use to just see as utility token are gradually becoming part of the defi ecosystem. Defi is here to stay and so are the governance tokens. We can just say Uniswap and the DEX that now shifted to defi will disappear. Not gonna happen.

Dessy88

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Defi hype over right now and just in few days later everyone will forget defi market. I have no good thinking about defi market right now so i am not interested for invest in defi project. Anyway if you want invest in defi project the everyone can follow op list because here is all top defi project which is still trust project.

Jvanmulders

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Chainx

At present, blockchain assets are trapped in their own systems without inter-chain division of work and collaboration.

BTC has established the most widely accepted consensus, but its transaction efficiency is low; ZEC has enabled privacy protection, but smart contract is not incorporated; ETH has smart contract, but it cannot migrate to the PoS system; ChainX can transfer all assets across chains in a decentralized way. Chains that have connected with ChainX can enjoy asset connectivity with all chains.

The PoW algorithm issuing new cryptocurrencies based on the mining power is considered to be a relatively decentralized and fair distribution model, but it is still prone to be monopolized by big miners, leaving ordinary users no choice but to buy mining machine at high prices. The PoS chain generally has a large private offering or setting up a fund to issue cryptocurrencies. After the launch, it only issues additional tokens to users with voting power, resulting in new users resorting to the secondary market.

fahmimajannat

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These are good projects.
But some of them stopped their campaign after 1/2 weeks like yearn finance.
But some of them were good enough.
I think bounties are getting bad and bad. The success ratio of projects are to low.

Topic: Top 6 DeFi projects to watch in 2020 🎯 (Read 1306 times)