Is it safe to invest in Defi projects that has it's own Stablecoin? There is one project I like but the thought of having a stablecoin makes me feel unsafe about the project, we all know how such projects always end up, the mess with Luna and it's stable coin still lives in me till date.
Are there still DeFi projects with their own stable coins? If there are i wouldn't invest. Even if they got big. Or maybe especially when they get big i would avoid them because if i had to guess, i am assuming the whole peg could be dismantled with pure fud. And there's nothing easier than finding similarities for luna and and getting people to fear next luna. 
Topic: What do you say about this investment plan - page 5. (Read 632 times)
These type of questions do not really matter all that much. Why? Because it doesn't matter what type of investment it is, is it a token, is it a coin, is it yield farming, is it nft, is it staking? None of those matter at all, they are totally useless and worthless when you look at just "how" part of it. What matters is how good the project itself is, because if it is good, then it is good in any possible way, if it is bad then ti is bad in any method. Ther are good staking defi projects with its own stablecoin, there are bad ones, its not going to be good or bad just because of its own stablecoin, that alone doesn't give us any hint at all.
Whatever kinds of investment in cryptocurrency with DEFI project or not better take risk investing in altcoin with higher return profit later if price growing up suddenly than take invested on stable coins. I don't trust yet with stable coins after Luna coin network have been drop drastically and has potential with other kinds of stable coins will allow what happen on Luna stable coin network.
Better invested or trade on stock if you have decision with stable coins only and there are have guarantee can't drop drastically what happen with Luna network stable coins, the same between stable coins in cryptocurrency and stock with higher and lower more slowly and not my passion invested on stable coins.
Better invested or trade on stock if you have decision with stable coins only and there are have guarantee can't drop drastically what happen with Luna network stable coins, the same between stable coins in cryptocurrency and stock with higher and lower more slowly and not my passion invested on stable coins.
If indeed you have done that and according to you are fine as long as you are there then continue but it's just that you also have to prepare with all the worst possibilities that occur because regardless of whatever the conditions in my opinion things like this are still very risky to lose even though you are indeed Now in good condition.
Basically, in this case it is up to yourself as long as you are comfortable then do it when talking about advice then it stops before it's too late, especially if you have gotten enough benefits there even though it was as I said before all the options in your hands.
Basically, in this case it is up to yourself as long as you are comfortable then do it when talking about advice then it stops before it's too late, especially if you have gotten enough benefits there even though it was as I said before all the options in your hands.
.....but the thought of having a stablecoin makes me feel unsafe about the project,
This is probably the first time I've read a post where the issuance of a stable coin is a factor in making a decision to invest or not. I cannot really say much since you never mentioned it. Perhaps you should look deeper into the role of their native stable coin on the project's ecosystem or just leave it as is if you don't want to be bothered.....the mess with Luna and it's stable coin still lives in me till date.
BUSD is also under pressure from SEC and other regulators due to a supposed breach and accusation of being a security. Paxos will stop minting it and Coinbase also announced it halt trading.Binance should be alright despite this. They can still get all the necessary papers and partner with a new company that will mint new BUSD.
I have made more money from Defi Finances than anything in crypto space, thanks for your concern bro, I was one of the early adopters of Curve Finance, the returns are not high yield like you claimed, APY returns per year must be around 12% -15% for me to look into the project before investing, so not all Defi projects have high yield returns .. My concern about them is the security risk.
Also USD pegged stable coins is ridiculous to me because I believe that no stablecoin is truthfully backed by the U.S dollar.
The point it, can you maintain returns from investments in Defi projects sustainable on long term? Or maybe you were just lucky to be on the right place at the right time so far? Anyway, 12%-15% yearly returns are pretty high, considering most investments considered safe don't pay more than 4%-5% APY.Also USD pegged stable coins is ridiculous to me because I believe that no stablecoin is truthfully backed by the U.S dollar.
And if you don't trust pegged stablecoins to dollar, I think you already have your answer regards Defi's stablecoins, since the concept is pretty much the same. There is no assurance they are backed as well.
I don't think you can find anyone giving a solid answer without the project in question. After all, a project can still succeed, even if the chances were rather minimal with the description you set OP. I think you can just study the initial setup and see what happens. I honestly wouldn't think of another LUNA happening, at least when thinking of possible investments since you'd probably end up assuming all of them to end up like LUNA. If you're that afraid then just stay away from Defi for now and invest in some other opportunities.
Investing in Defi isn’t really the great plan I guess. It doesn’t at all matter whether it has a stable coin or not. I am not saying that all Defi projects are bad, but still most of them turns out to be scam. If you don’t like your hard earned money and want to gamble with it, then investing in Defi will be really good for you. Else as always it’s best to choose the coin with good marketcap and invest in it. Wish you all the best for your future.
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If the project is completely safe, you can invest in the defi project; if not, it's better to find other projects. I think it depends on the results of your search for the Defi project and that is why you should look for more details about investing in the project.
The Luna case has made many investors worry about investing but I don't think it stops them from trying other projects. I suggest you only use the money you can afford if you are really curious to invest in the defi project. But again, it's just a suggestion and you should really search and collect more info about the project.
The Luna case has made many investors worry about investing but I don't think it stops them from trying other projects. I suggest you only use the money you can afford if you are really curious to invest in the defi project. But again, it's just a suggestion and you should really search and collect more info about the project.
You did not share which DEFI project you are talking about, so you cannot expect precise feedback and advice on your question.
I believe that it is also clear to you, potentially higher earnings always carry with them significantly higher risk. low profit requires low risk, it's up to you. whatever we advise you here, the potential gain or loss will be yours alone. although it seems to me that you have already decided.
I personally would not enter DEFI in the long term, especially not at this moment because it is still unknown how long the bear market will last. this is the time when businesses going to be closed. and I don't think that will change soon.
I have made more money from Defi Finances than anything in crypto space, thanks for your concern bro, I was one of the early adopters of Curve Finance, the returns are not high yield like you claimed, APY returns per year must be around 12% -15% for me to look into the project before investing, so not all Defi projects have high yield returns .. My concern about them is the security risk.
Also USD pegged stable coins is ridiculous to me because I believe that no stablecoin is truthfully backed by the U.S dollar.
Also USD pegged stable coins is ridiculous to me because I believe that no stablecoin is truthfully backed by the U.S dollar.
I believe that it is also clear to you, potentially higher earnings always carry with them significantly higher risk. low profit requires low risk, it's up to you. whatever we advise you here, the potential gain or loss will be yours alone. although it seems to me that you have already decided.
I personally would not enter DEFI in the long term, especially not at this moment because it is still unknown how long the bear market will last. this is the time when businesses going to be closed. and I don't think that will change soon.
Is it safe to invest in Defi projects that has it's own Stablecoin? There is one project I like but the thought of having a stablecoin makes me feel unsafe about the project, we all know how such projects always end up, the mess with Luna and it's stable coin still lives in me till date.
If you feel that it's unsafe then don't proceed. I think that you're aware that many defi projects were done because of the intentions of the developers are not pure. It's better to follow what you think is right and if you've seen some red flags then stop being interested on them anymore. What's better is to put your attention to the established ones.
And before any other altcoins that you may seem to be interested with it, we've got bitcoin and you're safe as usual with it but your safety will depend on how you keep it.
I have made more money from Defi Finances than anything in crypto space, thanks for your concern bro, I was one of the early adopters of Curve Finance, the returns are not high yield like you claimed, APY returns per year must be around 12% -15% for me to look into the project before investing, so not all Defi projects have high yield returns .. My concern about them is the security risk.
Also USD pegged stable coins is ridiculous to me because I believe that no stablecoin is truthfully backed by the U.S dollar.
Also USD pegged stable coins is ridiculous to me because I believe that no stablecoin is truthfully backed by the U.S dollar.
Even the DEFI projects doesn't have their own stable coin isn't safe, so either they have their own stable coin or not, DEFI projects are always risky since they're offering insane return. LUNA isn't only the one DEFI project that failed, there are lot DEFI projects get abandoned or scam that you can search it yourself. I wouldn't recommend you to invest for long term in DEFI projects, it's only good for trading.
Is it safe to invest in Defi projects that has it's own Stablecoin? There is one project I like but the thought of having a stablecoin makes me feel unsafe about the project, we all know how such projects always end up, the mess with Luna and it's stable coin still lives in me till date.
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