Some DeFi Gems To Watchout For in 2021

[victorskh]

For those pointing out Polkadot as the main DeFi project right now, its nice to know that REEF is linked to Polkadot's DeFi Alliance since its very first days out there

[avarnet]

Defi now so much for us to pick. But there are not a few who are also Rekt. I myself am not interested in a new project and also low Liquidity. Already experienced 2X Rekt with the new Defi Base Project.

I suggest you choose high trading volume and high Liquidity on the Uniswap Market. In addition, pay attention to the Roadmap Performance of each project to be able to invest profitably. Moreover, currently the market is still Bullish

[TheBeardedBaby]

Little worried about the Reef Finance tho, there are rumors that the team release 0.5B tokens in circulation without any note to the public. People complain for getting banned from Telegram for asking about the case.
I don't know how real this is or someone is trying to FUD the project to grab some cheap coins but seems that the news didn't have a really huge impact on the price. Still above 0.04 cents.

[cabron]

And they have good prices on swapping platforms. The names of the Defi tokens seem unheard but they really have a good price, I wonder if these are just something very temporary. Easy Finance https://coinmarketcap.com/currencies/easyfi/ actually is $19? how come these tokens didn't even have a thread here in the forum?

But there are more of these projects that aren't making noise in the forum when we look at the list of Defi tokens on CMC

[tygeade]

Some tokens that exist made a lot of money gets a lot of copycat coins/tokens like them and you should be staying away from them since they are very dangerous. For example YFI became something amazing and a lot of people made a lot of money from it, but the reality is that that was it and I do not think that making exactly the same thing over and over again would mean anything in the end, it will definitely make you lose money if you invest into a coin that copied another coin. Which is why when you are picking defi always go for something that is brand new.

One exception is that if something exists in one chain and doesn't exist in another, copying it to another chain could still be valid. Aside from that, always go for original ideas that doesn't exist anywhere else, you could make a decent amount of money from those kinds of original tokens.

[rhomelmabini]

Elon just tweet another enigmatic tweet involving DeFi but if ever he picks it out that will surely go massive if ever he promotes it again. Though lately we've seen there's a decrease on the amount of satisfaction from his tweets I think it will still matter if he ever promotes it. For me I think Swipe (SXP) has some chance breaking the past ATH and there has been too many bullish news with this coin, not a financial advice though.

[Impala8_]

I dig PEAKDEFI, Reef Finance, DOT