Now Is The Time To Promote Defi On Leo/Hive

DEFI!

The word has been everywhere lately and it caught my attention to why this was the next big thing. I did some research and saw sites lending on decentralised platforms while giving their users a coin for the money they borrowed on top of the interest that they were getting for lending the coin. This was a smart way to charge up the lending market but all I could think of was hive already does this. In fact it has been doing this for years. Delegating is another word for lending and this is nothing new to us. In fact we even have a way to earn coins on the hive engine that we could link to different defi processes. But we are not getting any recognition for this as defi takes off like a rocket.

I think it is time we make a dapp for defi and promote the defi capabilities. We have the technology and we are actually already using it. We would need to make a new interface for it to separate it from hive but it could go a long way to bring attention to the coin. It could be done on Leo too which would make sense as it is a platform for finance and Leo is really starting to stand out on their own.

Imagine if we had an app where people can earn both interest for delegating as well as a delegation coin for lending. This delegation coin would gain money from each trade and voila we have a defi platform that can compete with sites like comp and lend. We are literally sitting on a gold mine here that is going untapped. If we make it properly and give the money out to the people (do not charge a lot of high fees) this can be the centre of defi.

It is good for the price of hive too. When people are borrowing capital from these sites they are locking up their collateral. This means we will have a lot of people who are buying hive and leo and locking it up to get a good apr. This will, in turn, bring up the value of hive as there will be less of it on the market and more people will be buying it for their returns.

We can make a legit product with good returns that can add liquidity to the coin. But we need to get on it soon before we are left in the dust by other coins that are already dominating the market. If you go to dlease you see that we are already 80% there, lets go that last 20% and get this off the ground.

Come on Leo, you guys are already killing it.

Posted Using LeoFinance

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rezoanulv.leo (53) 4 years ago

Recently ETH price is going up consistently and it attracts many people's attention. We can grab the opportunity. According to the LeoFinance roadmap, they have a plan to introduce Defi On Leo. Pretty excited about that.

Let's see what happens. Looking forward to it.