[2019-07-25] Decentralized Finance (DeFi) Growing To Reach ‘Billions of Users’ S

[Jgilpulg]

In less than a year, DeFi has grown to become one of the most active sectors of blockchain in 2019.

https://bitcoinist.com/decentralized-finance-defi-growing-to-reach-billions-of-users-study-finds/

[CryptoBry]

It is said that 2018 and 2019 can be years when the infrastructure needed by the industry and necessary before we can go for the mainstream are built and strengthen.  We certainly need all of these apps as they are in the forefront making things easy for anyone to avail of any service or product using them. I am actually surprise of the rise of EOS but knowing that this platform is also well-managed and has the capabilities inherent in itself I think this has a good future as well. And this can just be the tip of the iceberg as more can be coming though we should also understand that with intense competition some can be weeded out by other players who are more aggressive and funded well.

[joniboini]

That's not really surprising. For example, Instadapp could give you around 15% APR (if things go well), which is way better than storing your money on banks. On top of that, you don't have to make an account and everything is verifiable via smart contracts.

I believe DeFi will probably give you better returns than IEO or ICO, if things don't screw up.

[tuchenvi]

there's no doubts that DeFi concept will grow even in 2021 and potentially bring more long-term profit than IEO/ICO. Moreover, i think defi exchanges soon will lead on the market - a lot of hyped and promising projects already on the market

[Indiana1990]

there's no doubts that DeFi concept will grow even in 2021 and potentially bring more long-term profit than IEO/ICO. Moreover, i think defi exchanges soon will lead on the market - a lot of hyped and promising projects already on the market

agree, it's a golden times for defi exchanges) we all remember how uniswap hit the market. btw, i read an announce about xsigma exchange - stablecoin one, Curve based. did anyone heard about it ?

[retalids]

there's no doubts that DeFi concept will grow even in 2021 and potentially bring more long-term profit than IEO/ICO. Moreover, i think defi exchanges soon will lead on the market - a lot of hyped and promising projects already on the market

agree, it's a golden times for defi exchanges) we all remember how uniswap hit the market. btw, i read an announce about xsigma exchange - stablecoin one, Curve based. did anyone heard about it ?

yes i subscribed on news, so read about they. good reward vesting model, and they will be backed by a public company trust

[Warkop]

This has been proven and everyone already knows that all projects that use Defi are definitely interesting, but there are also many fake projects that try to use Defi to make a profit by copying someone else's team image and it will really annoy everyone who wants to invest in it. But I am sure with Defi, all projects that will use the Defi system are really serious in working to give the best and prove to all investors to remain committed so that the project reaches its target and will be successful.

[Jating]

This has been proven and everyone already knows that all projects that use Defi are definitely interesting, but there are also many fake projects that try to use Defi to make a profit by copying someone else's team image and it will really annoy everyone who wants to invest in it. But I am sure with Defi, all projects that will use the Defi system are really serious in working to give the best and prove to all investors to remain committed so that the project reaches its target and will be successful.

Fake projects and scams and then weak code that cyber criminals can exploit resulting to many investors losing huge amount of money in Defi.

So I would say that it still has some big risk and even though the market is still growing in billions, there could also be investors losing millions in a single hack, not good. Everyone needs to be very careful as well, we might see the Defi bubble and it could crash hard. So don't be greedy, if you think you have profited already then take it and don't want till everything goes down.

[Gayong88]

Yes, for now, DeFi still provides its own sensation for its users regarding Decentralized Financial governance by providing access to unlimited products and services for everyone. What all DeFi users want is a healthy ecosystem and resilience to both vulnerabilities to fraudulent volatility and relevant regulation to be optimal.