Topic: What will DeFi's Future look like? - page 2. (Read 219 times)
DeFi has lost too much from incomplete projects and dubious code that was supposed to be audited yet contained various vulnerabilities. Millions were lost though. Not to add the scammer devs that had control of too many tokens and dumped them in the market or the Sushi dev dumper that had some big names to promote his junk.
I will rather tell you what they wont do. Very soon 90% of this DeFi project will be history because most of them are confused and overhyped with zero novelty. Kingswap is one of them (Uniswap copycat). They claim to be regulated decentralized finance. All of them offer similar features NFT staking, farming etc with zero knowledge of the best blockchain that suit what they intend to achieved. High transaction gas fee is the killer of DeFi projects that are majorly launched on Ethereum blockchain. Some of them have gone through unsuccessful movement to binance blockchain (BSC). ETGF is one of them. We all see what happen to Uniswap after farm reward was settled. Apart of the YFI that later produced a fork YFII I am yet to see a much relevant DeFi project with many potential that we can look forward to
Defining the future already shows us a little immaturity and designing a future for a given project is a complement to that. In my opinion there is a technological cycle that we can analyze from the appearance of Bitcoin to the present and all the technologies that appear are to raise or transcend a current problem. So we can find new technologies in addition to DeFi.
To begin with, DeFi concepts is really revolutionary and this is what made a lot of developers to create many DeFi projects thus causing the massive hype this year; that is, the early good DeFi projects brought about a very good idea and use case, investors got attracted to it, it grew and generated a lot hype. However, this hype as usual attracted a lot of scammers who leveraged the hype to enrich themselves. Also, this hype attracted a lot of developers who do not have enough experience to create and manage Defi projects, thus the reason there are many hacks on Defi projects. Now currently, the hype is no more and many of these DeFi projects are seen for what they truly are.
Therefore, in my own opinion, DeFi is good and there are just few good projects, but however, if only many developers will work hard and bring about trustworthy projects, then this space will feel the impact of Decentralized Finance.
Therefore, in my own opinion, DeFi is good and there are just few good projects, but however, if only many developers will work hard and bring about trustworthy projects, then this space will feel the impact of Decentralized Finance.
As we all know, DeFi revolutionizes the way we approach financial solutions and makes those accessible to everyone. Defi Solutions minimize transaction errors and blockages by removing human errors.
What solutions does DeFi offer?
Find these solutions in detail: https://pantograph.io/the-future-of-defi-solutions-is-here/
What more do you think Defi will do in the future?
There are still so many holes in defi and you must see that if a bunch of defi that offered the flash loans were getting hacked by the hackers. APY is not a solution and that's a garbage idea caused by the defi itself is only using its crap token to be distributed to the farmers. The defi can't generate the income from its service. APY is the worst thing in DEFI. What solutions does DeFi offer?
- Started with Decentralized Exchange (DEX)
- Non-custodial Wallet in the Extension Form
- Earn APY from Staking at the Mainstream of Defi Solutions
- Decentralized Swap between assets
- NFT Evolution on the move
Find these solutions in detail: https://pantograph.io/the-future-of-defi-solutions-is-here/
What more do you think Defi will do in the future?
This defi platform needs time to be more matured than before.
DeFi has been a bomb in 2020 so far, that's the truth.
There were many DeFi projects being announced to the world. The appearance of UNI is like a savior in the midst of the downtrend.
Now when Bitcoin is back in the game and Ethereum V2 is coming to town, DeFi is likely to take a huge leap next year.
I think next year, Yield Farming will still be the core of DeFi development.
Let's see what else will come.
There were many DeFi projects being announced to the world. The appearance of UNI is like a savior in the midst of the downtrend.
Now when Bitcoin is back in the game and Ethereum V2 is coming to town, DeFi is likely to take a huge leap next year.
I think next year, Yield Farming will still be the core of DeFi development.
Let's see what else will come.
As we all know, DeFi revolutionizes the way we approach financial solutions and makes those accessible to everyone. Defi Solutions minimize transaction errors and blockages by removing human errors.
What solutions does DeFi offer?
Find these solutions in detail: https://pantograph.io/the-future-of-defi-solutions-is-here/
What more do you think Defi will do in the future?
What solutions does DeFi offer?
- Started with Decentralized Exchange (DEX)
- Non-custodial Wallet in the Extension Form
- Earn APY from Staking at the Mainstream of Defi Solutions
- Decentralized Swap between assets
- NFT Evolution on the move
Find these solutions in detail: https://pantograph.io/the-future-of-defi-solutions-is-here/
What more do you think Defi will do in the future?
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