Topic: What are Defi Projects? (Read 264 times)

It's basically an umbrella term to describe anything from yield farming to staking and decentralized exchanges.

I doubt that anyone hear can give you a comprehensive summary of what it actually is. But pretty much on a high level, it is trying to replace a lot of the functions that were traditionally executed by centralized entities or exchanges.

Don't get caught up with the hype though. A lot of projects are worthless right now and are only pumped up because of influencers.

So you have missed the opportunity with this market because of health problems. The cryptocurrency market has changed a lot from before as solutions, and applications between blockchain and the rest.
The knowledge you question is really not difficult to explain, and there are many in other mediums. But this way back makes me appreciate you for not being in a rush to get into the day market right away, always dyor.

There are dozens of strong DeFi coins now, and I would suggest you to make a portfolio of these assets. DeFi is a vast sphere which includes projects providing DeFi services - such as crypto banking, lending/borrowing and different kind of staking.

Defi means decentralized finance. Defi projects are those that are working on staking and  yield farming. There are many defi projects are available in market. And I think you need to explore them and invest a small amount in every project and earn money daily.

Slippage is commonly used to get queues of transactions early on AMM exchanges. However, some DeFi projects can usually be purchased at higher slippage such as over 12. DeFi like this also usually has a low LP because if the slippage we use is low we cannot buy the token.

DeFi is a new generation project concept where all finance is decentralized. Currently popular are cake and bake. There are also some less popular but very successful ones like SFUND. Go to Subforum Altcoins there you will find many DeFi projects. Slippage is the speed or transaction fee taken from your token exchange. The greater the slippage you use the higher the transaction success rate on the lowest LP.

Broadly speaking, DeFi are a form and the attempt to decentralize key financial use cases such as trading, a lending, the investing, wealth management, payments and insurance on the blockchain, which offers the advantage, that individuals and institutions can take the advantage of wider access to financial applications without requiring the intermediary,

Actually Defi are those projects which are fundamentally build on cryptocurrency mode of investment. Whenever selling and buying of cryptocurrency occur then there is no surety about the rise and down of price. So the predicted percent gap of stated and implemented values are known as slippage. There are so many successful Defi project in cryptocurrency world.

DeFi is Financial Decentralization or abbreviated as DeFi is a new concept popular this year. This concept has a good trend. And slippage by you means the cost rule specified in transacting on an AMM automatic exchange.

Defi full form is Decentralised Finance and it is a software protocols running on blockchain network such as Ethereum or Cosmos. 🙏🙏

Several changes has taken place in Cryptocurrency industry . Being away for a while would have made you somewhat lost in the modern cryptocurrency world. While you complained some of your altcoins are dead, a friend who happened to be in similar shoes of yours made huge profits based on his alt investment  but the difference is that he invested only in 1-10th rank cryptocurrencies in the coinmarketcap which assured 75% legitimacy. Majority of the altcoins in the market have huge hype but they are not sustainable.
DeFi has completely revolutionize the entire crypto industry . The industry has not been the way like  it use to be in 2017- 2019 and i think if you want to be up to date you have to learn a lot . Your first question , what is DeFi ? I will like to answer.  DeFi is an abbreviation of the word Decentralized Finance, It is a Financial system operated on blockchain and Smart contract technology with the use of Cryptocurrency . DeFi operates like the traditional financial system such as commercial Banks, Insurance companies, Loan, stock exchanges but the difference is that while traditional finance uses Fiat and operate on centralized system . DeFi operates on decentralized system  and  allows users retain complete control over their assets . Hence, removing any form of intermediaries . With the use of cryptocurrencies , DeFi allows users to invest their funds and earn profits based on their investments.  Users can as well earn interest for providing Liquidity which is equivalent to Saving money in banks for interest.  There are countless benefits derivable in DeFi  and this  financial technology has emerged to revolutionize the global financial system and disrupting the conventional finacial system . DeFi promote financial inclusion globally . The unbanked class will be able to benefit from DeFi due to its decentralized nature . With the use of Cryptocurrencies , anyone anywhere in the world can invest and make good profit without complex documentation required by Banks. If there are school of learning that offer courses about DeFi, it worth going for such course to learn about DeFi because of the numerous advantages it offers .As for the  good DeFi to purchase, i dont go for hype , i suggest investing in AVAX, SOLANA , POLKADOT , MATIC ,CHAINLINK,BNB  though these are categorized as blockchain infrastructure in DeFi but they remain my favourite assets .Others  DeFi assets includes, CAKE , Uniswap, Raydium, BANANA.

If the security isn't being tightened by the developers of those Decentralized Projects that you guys are interested, they really are penetrable by the hackers and that's why in the news that there were DeFi projects that were hacked and a lot of funds have been involved and robbed by the hackers. Yeah, be choosy and picky with those DeFi platforms that you guys are about to invest because it's your fund that will be compromised if you choose those DeFis that don't have a strong security.

 
The thing is that if you are about to leave the market for a while you should get rid of all altcoins and leave only Bitcoin and Ethereum, because we see that top currencies change very significantly. Some years ago we saw Ripple, Ethereum classic, Litecoin in the top, but now they are replaced by BNB and Solana.
What comes to Defi-projects, they are just different platforms and Dapps, that can be lending and borrowing and many other types.

TL;DR Just recently learned that Blockster has partnered with the upcoming Asia NFT & DeFi Conference 2021, which will bring together several well-known NFT+DeFi unicorn companies around the world. The event, which is being organized by CCGlobal and The Blockchainer, will take place Sept. 9-11, 2021, focusing primarily on APAC (Asia Pacific) markets such as China, Japan, South Korea and India, as well as the rest of Southeast Asia.
Source: https://blockster.com/blockdesk/1499_blockster-becomes-partner-of-the-asia-nft-amp-defi-conference-and-investment-roa

There are just decentralised applications and platforms. Talking about slippage, it means what the difference in price might be when you buy. While the transaction is going on, the price can change and, as a result, if you have a big slippage on this exchange (you can fix it in settings), you will buy for a bigger price. A big slippage is typical for new and really risky projects, but I don’t think that it is the high time for them now.

DeFi is a system that aims to provide open and transparent financial services, DeFi is a decentralized financial service based on blockchain technology, like Bitcoin. Its nature is almost the same, namely, OMG Network (OMG) Swipe (SXP), there are 10 kinds of defi projects what I know and what I need to pay attention to in recent developments in 2021
1. Uniswap
2. Yearn Finance
3. Chainlink
4. Compound
5. Kava
6. DAI
7. Ankr
8. Metronome
9. Aleph.im
10. Orion Protocol

Actually,defi-projects were created to replace the banking system and help people to enter this market. The most popular defi-projects (Compound, BlockFi, InstaDApp) let you lend and borrow money decentralized. It means that nobody cares about your credit history. Some other defies (Uniswap and Bancor) offer exchanges. There are also different oracles and many other projects. A lot of them allow you to earn money, so you should investigate this sphere.

Initially, defi-projects are projects that are built on Ethereum, but now we see the same defies on many other blockchains (Polygon, Binance Smart Chain, Tron). There are many types of them. More common are those that provide you with the opportunity of staking, yeild farming and trading. But also they can offer different lotteries, participating in IDOs etc. One of the brightest examples is Puncake swap. Check it out.

DeFi is a broad subject and you need time and effort to study it this is the new trend now and it is now a niche and since this is already a niche you should educate and enlighten yourself and you can learn all about DeFi by learning it from the experts, not from investors, there is a free ebook that you can avail fro free by just log in daily 

https://www.coingecko.com/account/rewards/how-to-defi-bundle?locale=en

This is a must-read E-book if you want to explore the DeFi niche.

Those who are that much interested in Decentralized Finance projects, it's a fact that they're really giving decent profits.
But, I'd like to give you a warning that there's also some projects there that lack of tight security and that makes them prone in hacking and penetration from hackers that will also take your balance if it's there while the hacking happens.