To compete with YFI? Pearl - the reason keeps TRX uprising

[Cici Lee]

Yesterday we had Sushi, today it's the Pearl, the digital currency market moves too fast that it's almost measured in one day. Pearl is the DeFi project on TRON and was also created to pledge mines to compete with YFI. Pearl climbed nearly tenfold yesterday on several centralized exchanges, which directly turning TRON DeFi into the spotlight. However, as we know, YFI can achieve the optimal return on capital in different DeFi projects, Pearl actually has no business support system to back it up. When we on the closer look, we can see that Pearl has no real strength, except that the secondary market is now in a frenzied state and in the short-term, the price fluctuations are quite large.

As TRON's DeFi project became very rich overnight, there was a huge influx of TRON related assets in a short time, most notably the rise of TRX. The logic of this price rise is the same as the ETH that I mentioned yesterday. For those who are interested, can review yesterday's article (link: https://www.uptrennd.com/post-detail/time-to-invest-sushiswap-is-ethereum-still-in-the-super-bull-market~NjUyOTgw). Also, if Justin Sun's project goes online soon, a large number of TRX will be locked up. Therefore, the price of TRX can be appropriately expected, but the subsequent risk of the pledge needs to be evaluated additionally. Since DeFi on TRON has just heated up, in theory, there could be a rush of money to buy it, but remember this is a project that came from Justin Sun, and the risk is at a very high level.


Previously, most people used to check contracts to see if they were audited by a professional firm. Now the market is starting to lose its mind because of the huge profits and the fast pace of change. Whenever a DeFi mining project comes along, most people start rushing in blindly. It has been reported that some contracts have their own backup plan, so it is recommended that it is better to dig in the old project, although the yield is relatively low (in fact, it is very high), preserving the capital is the priority thing for us.

The market is going crazy and DeFi's path is going off track at the same time, although we could gain money from it, but have you think about how many people eventually have no harm in the end.

When the market is extremely unstable, it is recommended to improve the risk control ability, as well as risk hedging ability.

Take bitcoins for example.
1. If the current price is $10,000 and you hold one Bitcoin, and you didn't use any hedging strategy, when the bitcoin drops from $10,000 to $8,000, your account will lose $2,000 directly.

2. When you take the hedging strategy, for example, you use the option to hedge the risk. While you holding one Bitcoin, you open a put option on BitOffer with the expected cost of $20. When the bitcoin goes from $10,000 to $8,000, your spot account loses $2,000, but your put option gains $2,000, which completely offsetting your account risk.

Because one option is equal to one bitcoin's interest, even though you lose $2,000, but as you bought two put-option, you make $4,000. In terms of that, you make the money, and that's the charm of hedging.

By the way, only American options can be so hedged, while European options are not suitable. Currently, BitOffer is the world's largest American options exchange for Bitcoin. I hope it can help you. Of course, there is a downside to options, which is that it has the cyclical limit.

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Twitter: Crypto Cici https://twitter.com/CiciinCrypto
Youtube: Cici's Share www.youtube.com/channel/UCGIg152xI-nkhiqGni8i1Tw?
Uptrend：​Cici Lee​​​ https://www.uptrennd.com/user/MTI1ODk2

[Malam90]

Yesterday we had Sushi, today it's the Pearl, the digital currency market moves too fast that it's almost measured in one day. Pearl is the DeFi project on TRON and was also created to pledge mines to compete with YFI. Pearl climbed nearly tenfold yesterday on several centralized exchanges, which directly turning TRON DeFi into the spotlight. However, as we know, YFI can achieve the optimal return on capital in different DeFi projects, Pearl actually has no business support system to back it up. When we on the closer look, we can see that Pearl has no real strength, except that the secondary market is now in a frenzied state and in the short-term, the price fluctuations are quite large.

As TRON's DeFi project became very rich overnight, there was a huge influx of TRON related assets in a short time, most notably the rise of TRX. The logic of this price rise is the same as the ETH that I mentioned yesterday. For those who are interested, can review yesterday's article (link: https://www.uptrennd.com/post-detail/time-to-invest-sushiswap-is-ethereum-still-in-the-super-bull-market~NjUyOTgw). Also, if Justin Sun's project goes online soon, a large number of TRX will be locked up. Therefore, the price of TRX can be appropriately expected, but the subsequent risk of the pledge needs to be evaluated additionally. Since DeFi on TRON has just heated up, in theory, there could be a rush of money to buy it, but remember this is a project that came from Justin Sun, and the risk is at a very high level.


Previously, most people used to check contracts to see if they were audited by a professional firm. Now the market is starting to lose its mind because of the huge profits and the fast pace of change. Whenever a DeFi mining project comes along, most people start rushing in blindly. It has been reported that some contracts have their own backup plan, so it is recommended that it is better to dig in the old project, although the yield is relatively low (in fact, it is very high), preserving the capital is the priority thing for us.

The market is going crazy and DeFi's path is going off track at the same time, although we could gain money from it, but have you think about how many people eventually have no harm in the end.

When the market is extremely unstable, it is recommended to improve the risk control ability, as well as risk hedging ability.

Take bitcoins for example.
1. If the current price is $10,000 and you hold one Bitcoin, and you didn't use any hedging strategy, when the bitcoin drops from $10,000 to $8,000, your account will lose $2,000 directly.

2. When you take the hedging strategy, for example, you use the option to hedge the risk. While you holding one Bitcoin, you open a put option on BitOffer with the expected cost of $20. When the bitcoin goes from $10,000 to $8,000, your spot account loses $2,000, but your put option gains $2,000, which completely offsetting your account risk.

Because one option is equal to one bitcoin's interest, even though you lose $2,000, but as you bought two put-option, you make $4,000. In terms of that, you make the money, and that's the charm of hedging.

By the way, only American options can be so hedged, while European options are not suitable. Currently, BitOffer is the world's largest American options exchange for Bitcoin. I hope it can help you. Of course, there is a downside to options, which is that it has the cyclical limit.

--------------------------------------------------------------------

Twitter: Crypto Cici https://twitter.com/CiciinCrypto
Youtube: Cici's Share www.youtube.com/channel/UCGIg152xI-nkhiqGni8i1Tw?
Uptrend：​Cici Lee​​​ https://www.uptrennd.com/user/MTI1ODk2

Now ethereum smart contact based tokens are facing huge fees problem which is nearly $10 per transaction. Hence TRX network fees is only 1-2 TRX and faster than Ethereum network. People are moving to the TRX network and TRX price increases in the last few days which is logic pump.

[Salman Hasan]

Now ethereum smart contact based tokens are facing huge fees problem which is nearly $10 per transaction. Hence TRX network fees is only 1-2 TRX and faster than Ethereum network. People are moving to the TRX network and TRX price increases in the last few days which is logic pump.

[Fenix]

By this time, the cryptocurrency market had more or less bounced back. With the onset of the current price correction, DeFi projects have also dropped significantly in value and the hype around them has already subsided. This is good, because the earlier this happens, the less losses investors will incur and the less the cryptocurrency market will be in a fever in the future, when there is a general expectation for its growth by the end of the year.
Now the YFI token has a price of $ 16,505 and is unlikely to ever reach its previous price heights. Some hope to pump the next DeFi projects in this way, but they are unlikely to succeed.

[Black ID]

I think this news is quite interesting. In recent times, ethereum has been experiencing problems due to its high gas fees. And this has an impact on ethereum prices to fall. Because a lot of people are finally switching to the new TRX token and maybe they will switch to TRON from DeFi. I hope that later ethereum will get better again.

[Fenix]

I think this news is quite interesting. In recent times, ethereum has been experiencing problems due to its high gas fees. And this has an impact on ethereum prices to fall. Because a lot of people are finally switching to the new TRX token and maybe they will switch to TRON from DeFi. I hope that later ethereum will get better again.

The congestion of the ethereum network and the resulting difficulty with transaction fees, in fact, arose from the high popularity of ethereum.  This issue is temporary and should be resolved once the Ethereum 2.0 improvements are launched.  This is where the principle of competition comes into play.  New projects began to look for platforms without this problem, and this is natural.  The name in the cryptocurrency does not play a decisive role, everyone needs functionality.  This will affect bitcoin in due time.

[I-Bit]

DeFi is likely another way of type of projects, like what happen to ICO and IEO. When there is some great coins increasing so significantly because of the new hype, there will be always spreading and growing similar projects with same ways and concept. this is not good at all because it also emerges so many scam projects and also dead projects

[KKH84]

Ethereum network congestion has often occurred if the Ethereum blockchain network is solid, indeed the transaction fees from Tron look cheap because the value of 1 TRX is only $ 0.026 for now but try to imagine if the TRX price is the same value as ETH, the transaction fees on the Tron network will be much more expensive. There should be an equal comparator based on price, to make it look fair.

[EthereumDev_]

I think the TRON network has cheaper and faster costs because if you use Ethereum it will be more expensive because until now Ethereum's price is more expensive than TRON's price, so the high cost has become a natural thing.

[UNIVERSE]

Since YFI project has a very high increase in only several months, it is now many new projects are coming. Whatever the concept and its token Utilitas, they may not be able to be competitors of their first UNI that is the real YFI and also YFII. In this case, we can see the next project by them

[Blaze]

Since YFI project has a very high increase in only several months, it is now many new projects are coming. Whatever the concept and its token Utilitas, they may not be able to be competitors of their first UNI that is the real YFI and also YFII. In this case, we can see the next project by them

price YFI does have a good price movement and has a very expensive price because until now only YFI has a very little supply and can have a high price.