DeFi growth 2021 starting ?

[Primo1760]

If nothing else, 2020 was the year of DeFi. One of the biggest trends of the year, undoubtedly, was liquidity mining. To keep it simple, liquidity mining is essentially where users supply their own assets as liquidity to a protocol in exchange for a protocol’s governance token. Over time, due to lots of interest, this governance token increases in value, often generating immense returns for liquidity-supplying users and incentivizing them to keep supporting the DeFi protocol. This year governance tokens for Compound, Balancer, Yearn.Finance and many more launched and exploded in value. Further, the value generated for these platforms’ liquidity suppliers was around 100%-200% APR.
In January, a grand total of $1 billion was locked into DeFi platforms collectively. In August, it peaked at US$15 billion. Interestingly, MakerDAO continues to be the platform with the most value locked in, though that first-place position was usurped several times over the year by Compound and other platforms. Users are beginning to reap the benefits of a decentralized, community-owned financial system. We’ll likely see this excitement and rapid growth continue through 2021.
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[Churphans]

DeFI projects are now a good investment plafrorm and most of traders and investors are preferring themselves in DeFI projects specially they are investing polkadot, chainlink, YFI and aave . So scamming project are not accepting in coinmarketcap.

[Lorix]

The price of YFI was much higher. Which was three times higher than the price of Bitcoin in 2020. But now it has decreased a lot. Which goes below the price of Bitcoin. So getting the currency known around the world will improve in the future.

[Tanimariya]

The YFI currency has improved a lot in a very short time. So I think its #DevelopmentTeam  will come up with some good improvements in the future. Prices have risen sharply around Uniswap. So it is possible to improve DeFi projects.

[Casual]

The YFI currency has improved a lot in a very short time. So I think its #DevelopmentTeam  will come up with some good improvements in the future. Prices have risen sharply around Uniswap. So it is possible to improve DeFi projects.

Yes Bro actually increased YFI price more in just a few days.  And the amount of investors suddenly leaned more towards it which is why its price increased so much more.
 A few days ago, the price was above 40k dollars, now I can see that it has decreased a lot.  Is it likely to increase again ??

[Quantum X]

The YFI currency has improved a lot in a very short time. So I think its #DevelopmentTeam  will come up with some good improvements in the future. Prices have risen sharply around Uniswap. So it is possible to improve DeFi projects.

Yes Bro actually increased YFI price more in just a few days.  And the amount of investors suddenly leaned more towards it which is why its price increased so much more.
 A few days ago, the price was above 40k dollars, now I can see that it has decreased a lot.  Is it likely to increase again ??

Let us just wait. Better to give it a time for it's good bounce back. That is how the good project always does in the market.

[Pluto25]

DeFI projects are becoming more and more popular among the traders and investors. All DeFI projects are not worthy to invest but some projects always worthy to invest. I support chainlink, polkadot, aave. Uni, synthetix and sushiswap.

[hair]

DeFi growth will continue in 2021, perhaps many financial or industrial systems in various countries adopting the DeFi system will make DeFi's growth even faster. We hope that DeFi will be liked by many people. lets see

[Muneeb22]

Defi growth is very high in this year becasue in the crypto market so many peoples will invest and they now invest their money in the Defi projects almost and in this year the crypto market make a great history.

[Gurujebs]

The beginning was blurry, you hardly differentiate between good projects and the bad ones but since the end of the trend, one can easily detect the good one and the bad one.
This tear is going to be a tremendous year with good development in defi sector

[vaysar]

Capital gains since the beginning of this year have even surpassed the DeFi boom in summer 2020, but the problem of high transaction fees and rising costs of operating smart contracts have not been resolved. The costs of traders and developers will only grow until the release of Ethereum 2.0.

[disconnectme]

As we can see, 2020 kick start DEFI market and I think the space is not yet matured and a lot of Alpha are still flowing around, I expect the DEFI market to mature in late 2022 my guess because a lot of exciting ideas are still coming to the market, if we can get solution to this transaction fees on Ethereum then DEFI market can do 100X from here

[Duckenth]

The year 2021 will belong to Bitcoin and Ethereum as well as other Crypto coins that are not from the DeFi project, Maybe there will only be a few tokens from the DeFi Project that are still prominent. However this will not be the case last year, where YFI outperformed Bitcoin price.

[vaysar]

André Cronier announced a partnership with DeFi Curve, he will become the fifth member of the alliance that Cronier has been gathering since last year. The idea is that farmers can receive a wide variety of financial services through any of the unified platforms.

[Ak600]

Thank you you have created a beautiful topic.  Thank you for learning something good about Daffy from this topic.  There are blessings for you, you will post more like this