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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: sweet bb on April 22, 2022, 05:40:44 PM



Title: Lending?Swap?Staking?
Post by: sweet bb on April 22, 2022, 05:40:44 PM
Compared with the lending functions on the market, COMP, maker, and AAVE, what is the difference between them


Title: Re: Lending?Swap?Staking?
Post by: OgNasty on April 22, 2022, 07:23:53 PM
Compared with the lending functions on the market, COMP, maker, and AAVE, what is the difference between them

Are these shitcoins you're asking about?  I think you'll have to dive into the depths of the altcoin forum sections in order to find anyone who knows what the hell you're talking about.  Lending, swap, staking...  These are things that aren't really present in Bitcoin.  You'd need to use centralized services to even get this sort of exposure.  If you're talking about DeFi, Bitcoin doesn't really have much of a DeFi presence that I'm aware of.  I'd love to stand corrected, but this is the sort of thing that would cause too much volume for the network to handle without sending fees so high that the functionality would be useless for most people anyway.  Try hitting that "move" button in the corner and find an altcoin section for this thread and maybe you'll get some good responses.


Title: Re: Lending?Swap?Staking?
Post by: 2tang on April 22, 2022, 07:49:43 PM
Compared with the lending functions on the market, COMP, maker, and AAVE, what is the difference between them
Because I have never owned both of them until now, then there is nothing that I can compare between the two for now, although for some people maybe both are good tokens, but because I have never had them, then there is nothing that can I reveal to both of them.


Title: Re: Lending?Swap?Staking?
Post by: Psynthax on April 22, 2022, 09:39:35 PM
Compared with the lending functions on the market, COMP, maker, and AAVE, what is the difference between them

The different will be on the interest that already offered.

Let's say that if COMP, maker, AAVE have the same feature called lending function. If you are comparing lending function and staking or something else even farming and the different thing is coming from the interest rate and mechanis, in lending you are lending your money to others who will paid you the interest as per the agreement that already made by the platform as the middle party between you and your borrowers but when you are doing staking and you stake your tokens to get the reward.

The same thing is also applicable to the farming as well as when you are doing farming and you need to lock dual token to be able to get the reward in the daily basis based on the APY that already offered