I‘m not sure to where DEFI is actually headed, it still behaves like a game. APY in a foreign Token is worth the world or worth nothing, depending on how others perceive that Token over time.
I’ve stopped doing endless dives in shallow waters. If it looks interesting and ain’t about to fall apart tomorrow, I consider it worth a shot. Some of the projects I recently entered are beyond 100.000.000% APY. To me it doesn’t matter, 100, 1000, 100000000 is all the same, what matters is the Market alone. If everyone got 100% APY a year and the Token dropped 90%, that’s bad. While 100m APY and the Token dropped 90%, that’s great! Demand meeting Supply, day after day, creating effective results.
My life is not a zero sum game, time will not heal everything, I better get ahead asap.
They will have to start adding value to them in various ways, like all tokens in the future. For me, it gives me the chance to convert to something I do have more faith in.
Interesting, Robert Breedlove called it moving stored value to a point of higher potential, subjectively of course.
It is subjective. For example, Hive doesn't have the highest return, but it is definitely the one I use the most.
Hive offers what people seek with NFTs on other chains. Visible reputation and social status. That’s also stored value, we just don’t really know how to quantify or utilize it properly yet. That could change with HAS. Using a well reputable HIVE Account on others Chains or Platforms might turn out to insanely powerful.