Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Primo1760 on January 03, 2021, 05:00:46 AM
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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.
source (https://www.google.com/amp/s/www.coindesk.com/panteras-paul-veradittakits-2021-predictions%3famp=1)
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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.
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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.
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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.
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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 ??
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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.
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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.
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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
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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.
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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
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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.
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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
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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.
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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.
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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
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When defi was introduced in 2020, it improved a lot. However, it is not in a very developing position at present. The market has changed a lot. Different exchanges consider DeFi tokens to be risky. So hopefully in 2021 it will improve. Because some new investors will be added to the market, as well as the possibility of price increase.
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André Cronier announced a partnership with DeFi Curve.Crypto coins that are not from the DeFi project.This tear is going to be a tremendous year with good development in defi sector.We hope that DeFi will be liked by many people.
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Defi has started to grow well until now, its development is very rapid, it is able to make things look much better and investors are starting to get pretty good results where they can get enormous profits, which is extraordinary where Defi increasingly makes investors aware that this is very profitable for the long term is able to provide high expectations for large investors.
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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.
Yes mate, from 2020 we see that defi makes a good approach in the market. Today still it is good investment. Here we get polkadot a new one in defi. I am very much optimistic on defi. Now people are very much active and talent they won't accept any scamming project.
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Really, from 2020, DeFi projects are going much better. Currently, DeFi projects are improving. I think DeFi tokens will be better in the future. The value of DeFi tokens in the cryptocurrency market is getting better day by day. So the value of DeFi will be further improved in future.
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DeFi project has now batter than past. Now it has great investment for investor. Now many top investor now investment on DeFi. Money exchange list of DeFi coin.day by day it's popularity more increase. Many peoples are investigating on DeFi Coin. So it's say to it is very popular in future.becuse now it has get strong position.
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The effects hasn't yet seen especially when it comes to adoption. How many real users can we boast of using this interfaces of lending and borrowing. It's in between users who are already in cryptosphere and micro payments platforms.
For this to escalate, we need to go to main stream of traditional finance and outside world.
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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.
source (https://www.google.com/amp/s/www.coindesk.com/panteras-paul-veradittakits-2021-predictions%3famp=1)
I think deFi project now very good site in cryptocurrency. Now days this is a good investment site in cryptocurrency.many higher level investors are now investigating now on this site . I think this Coin has very good future.
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Defi has provided many benefits for many people, no doubt many people believe in Defi will grow rapidly in 2021, Defi is often used by many people to start developing technology that makes profit efforts that are very attractive, many people believe Defi will grow bigger again.
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This is true that DeFi has very good investment site in cryptocurrency. Number of good projects are already done in the year of 2020. I think this is positive for DeFi. many investor now investment in this coin.
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The DeFi industry is again updating its investment records, this can be explained by the fact that smart contracts Aave and Synthetix received a code upgrade - this significantly increases the speed of transactions and reduces the cost of gas.
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Until this summer I expect a new Defi Mania. Most of my investment is on Defi projects. I hope new mania will start earlier than I expect.
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Monthly global search volume for $Bitcoin is 3x higher than 2017. Investment appetite in #crypto and projects is rising like crazy.
Scoop a gem like @Oropocket $ORO before the next bull market and be made for life https://oropocket.com
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Until this summer I expect a new Defi Mania. Most of my investment is on Defi projects. I hope new mania will start earlier than I expect.
Maybe recently after bitcoin and Ethereum halving , decentralised finance projects also halving . Many decentralised finance projects also hyping the market, uni , sushi and compound etc .
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Currently the popularity of this project is increasing day by day. In 2020, the project received a fair response from cryptocurrencies. Hopefully in 2020 its market will be better.Because at present most of the investors are constantly investing here. Hopefully the future of this project is bright.
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I hope that the government will not impose severe restrictions that may affect the development of DeFi projects. The fact is that in 2020 the total capitalization of DeFi projects soared by almost 2,000 percent, and according to experts, 2021 may show new maximum results in relation to the DeFi industry.
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The local token will go much further in 2021. Currently TV platforms are improving. And investors are especially interested in investing in it. So I think in the future DP token will be more developed and gaining popularity.
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I think ok now Defi project has very good investment site in cryptocurrency. Now numbers of peoples are are investing on this site. This is very good side for investors. Personally I really like DeFi platform. I hope future more developed this project.