Hi!
Which Defi project can you recommend for best profit? It should have potential for future adption, for many people to use and be possible to continue growing.
Please recommend, any DeFi project is allowed but it has to be legit - no scam!
If you make a good amounts of money by investing any DeFI project, please busy yourself in chainlink and polkadot. Chainlink obviously a good investment plafrorm.
I can agree, ChainLink is a very good project because we will always need chains to be linked. It is a safe bet for ChainLink here, very bullish because it has a huge use case for crypto projects, we always need it.
But I have to warn from PolkaDot. It is currently very hyped and many ppl don't know an essential information about PolkaDot: if has an unlimited supply. In 100 years, when BTC will be still 21 Million, Polkadot will be much more compared how it is today. It just has no limit and inflation per year of 10%
Here, people discuss inflation on Reddit, PolkaDOT has 10% inflation per year:
https://www.reddit.com/r/Polkadot/comments/ij5ect/inflation_risk_what_does_this_mean_i_dont/ga15tb5there is currently about a 10% inflation rate, which means that every year the total supply of tokens increases by 10%. If supply and demand stay the same this would result in a 10% decrease in price of the dot tokens.
PolkaDOT will lose value over time because it has 10% inflation per year, we all know from Venezuela, it will do damage a lot even when it happens a lot slower but it's still inflation. People need to know because right now, PolkaDOT is hyped very much by marketing by PolkaDot Devs but many people don't know about DOT inflation. It is 10% per year where DOT will lose value. Keep in mind, DOT is no store of value and will be diluted and lose value, no recommended buy.
PolkaDot is fast and cheap but PolkaDot Devs have no answer right now how to solve inflation problem. If enough people know about PolkaDOT inflation problem and Devs can't solve inflation problem, many will sell to prevent loss and price will crash.
I would also recommend YFI, it's from Andre Cronje, what do you say about YFI?