The hype was never sustainable, but I do think this category is here to stay. It's just going to have to adapt to regulations which are eventually coming.
Ultimately, DeFi is going to make a huge impact on the financial system. That said, the insanity of yield farming will dissipate over time. We will get into more realistic returns which will still be elevated as compared to the existing financial system which offers basically nothing.
Just like all in this industry, we have to go through the crazy phases to reach the legitimate times.
I think people are underestimating the impact DeFi will have.
Centralized exchanges? Gone.
Banks? Gone.
Centralized lenders? Gone.
It will take time to reach those milestones, but they will come. Everything you own is financed, either directly or through opportunity cost. By putting finance in the hands of everyone, it completes the crytpocurrency puzzle.
@cryptographic,
DeFi is something, wrapping is something. I don't think wrapping tokens/coins might be a solution at all. It's just a way to faken the reality. One more thing, the true mechanism behind wrapping coins like BTC, might lead the base coin into a centralization. That should not happen at any cost!
The hype was never sustainable, but I do think this category is here to stay. It's just going to have to adapt to regulations which are eventually coming.
!ENGAGE 50
ENGAGEtokens.Ultimately, DeFi is going to make a huge impact on the financial system. That said, the insanity of yield farming will dissipate over time. We will get into more realistic returns which will still be elevated as compared to the existing financial system which offers basically nothing.
Just like all in this industry, we have to go through the crazy phases to reach the legitimate times.
Posted Using LeoFinance Beta
I think people are underestimating the impact DeFi will have.
Centralized exchanges? Gone.
Banks? Gone.
Centralized lenders? Gone.
It will take time to reach those milestones, but they will come. Everything you own is financed, either directly or through opportunity cost. By putting finance in the hands of everyone, it completes the crytpocurrency puzzle.
Posted Using LeoFinance Beta
!ENGAGE 25
ENGAGEtokens.@cryptographic,
DeFi is something, wrapping is something. I don't think wrapping tokens/coins might be a solution at all. It's just a way to faken the reality. One more thing, the true mechanism behind wrapping coins like BTC, might lead the base coin into a centralization. That should not happen at any cost!
Cheers~
I took a small break from DeFi but I will start to look around in the coming weeks to discover the new stuff!
Koinos might interest you. I know it's interested me.
https://hive.blog/koinos/@andrarchy/koinos-update-microservice-architecture-koinos-types-blockstore
https://info.uniswap.org/token/0x66d28cb58487a7609877550e1a34691810a6b9fc
It is not a DeFi project I believe?
No. It's a unique new project headed by one of the old Steemit lead devs. It's got potential, I think - I've invested in it.
That having been said, the only way to buy is through UniSwap. 🙄
Everyone has their niche I guess. 😉
Not investment advice. Just sharing personal experience.
We are going to see when they might have something that the market use.