2020 Over. What's now? Any good DeFi project in your mind?

[cryptoviking]

Happy new year to everyone.

So, 2020 is over and I hop you would have filled a few bags. Now what's next? Bitcoin is literally mooning and ETH is on track to $1500. But these are not only the beasts. Many of you would have made handsome profits from other coins (probably DeFi) rather than getting it from BTC and ETH. And, it seems random new DeFi kid on the block is getting success by a large. So, what is the best DeFi project in your mind? Also provide reason(s), please. Let's make this thread interesting.

I look forward to upcoming Nord Finance IDO. It looks very bullish.

[EmoneyABC]

Defi will change the world and how we use decentralized finances that's for sure, all tools which Defi provides are great.


But from another side, there are many scammy Defi projects that deliver nothing now and are pure copycats with added features.

[labonikhatun]

After 2020 the new year crypto market has risen to the top currencies have risen in price but it is not possible to say for sure how good the Defy project will be although he gave a good performance in the beginning he has scammed many projects in the name of Defi so it is not possible to say until he gets up.

[Istiak]

If you are looking for a new project then just don't look at DeFi. There are other use cases and projects that could be a good investment opportunity. Most of the DeFi just offering the same thing like Farming, decentralized governance, Liquidity pool, staking, etc. So looks for something new even its, not DeFi.

[Octoalts]

I will see the opinion of friends here what coins are worth choosing for this 2021 investment, if it's DeFi coins then what DeFi coins are your choices here. Because I personally prefer old coins like Ethereum and BNB, And also DeFi coins like Polkadot

[Lutera94]

Defi will change the world and how we use decentralized finances that's for sure, all tools which Defi provides are great.


But from another side, there are many scammy Defi projects that deliver nothing now and are pure copycats with added features.

Agree, last year we can see that defi change the crypto market now btc or eth going to moon already. So defi effect Work very well. Many investors are coming after defi effect & i am one of them.  Right now DIA, DEGO is one of the Best defi project for me.

[Sentinel]

The year 2020 has indeed ended. But I haven't seen any good DeFi-based projects in 2021. Probably because it is still early in the year so it is still not clear. But let's just look forward to a great DeFi project coming up soon.

[cryptoviking]

Defi will change the world and how we use decentralized finances that's for sure, all tools which Defi provides are great.


But from another side, there are many scammy Defi projects that deliver nothing now and are pure copycats with added features.

Agree, last year we can see that defi change the crypto market now btc or eth going to moon already. So defi effect Work very well. Many investors are coming after defi effect & i am one of them.  Right now DIA, DEGO is one of the Best defi project for me.

Hey thanks for your suggestions. I will definitely have a look at both of them.

[Pluto25]

2020 already finished with huge success but 2021 comes with a lot of dreams and possibilities. I support DeFI projects only coinmarketcap listed. Chainlink, aave and uniswap are my three favourites DeFI projects.

[cryptoviking]

If you are looking for a new project then just don't look at DeFi. There are other use cases and projects that could be a good investment opportunity. Most of the DeFi just offering the same thing like Farming, decentralized governance, Liquidity pool, staking, etc. So looks for something new even its, not DeFi.

I agree. But instead of going full in one thing, diversification will be good, I think. We just entered into 2021 and we will see a new trend as well. But similar to ICOs, DeFi trend may continue for this year as well. So, I was planning to diversify investment to DeFi and other trends.

[hair]

DeFi is a project that is a decentralized financial solution, may continue to grow into a needed blockchain ecosystem. I'm monitoring DIA and DOT progress as a promising part of DeFi.
Maybe NFT will be booming this year.

[Muneeb22]

The 2021 year is start now and this time crypto market bull is start and the crypto market go high day by day but just some coins like the BTC, ETH, LTC these coins are go to high and the others are no go high but soon those coins start go high after the 15 January 2021.

[cryptodemystified]

DeFi is a project that is a decentralized financial solution, may continue to grow into a needed blockchain ecosystem. I'm monitoring DIA and DOT progress as a promising part of DeFi.
Maybe NFT will be booming this year.

NFT and DeFi will boom in 2021. Arts on NFT are being auctioned and sold at the insane price indeed. I mean do people really put such a huge amount on arts that is even being auctioned online? I am out for NFT.
However, DeFi is the trend of my interest. GRT exploded right after exchange listing and there are many such booming DeFi projects. The only fear is their security as a few of them got hacked. However, I am closely watching Benchmark Protocol ($MARK).

[cryptoviking]

Benchmark Protocol? I haven't heard of that before. What's so special about it?

[cryptodemystified]

Benchmark Protocol is a Supply Elastic Collateral and Hedging Device, Driven by the Volatility Index. The protocol operates as a rules-based utility that dynamically adjusts supply based on the CBOE volatility index (VIX) and deviations from the target metric - equal to 1 Special Drawing Rights (SDR) unit. The first supply adjustment has been accomplished a few days ago. So, I think SDR implementation is unique and never achieved before. So, once other DeFi projects start considering it to reduce volatility and be on a safer side, the early adopter $MARK will enjoy the increase.