DeFi Projects

[Furryball]

It's really impressive how DeFi projects have huge volumes and market caps, it shows that big investors have interest in decentralized Finance more than other crypto currencies, no wonder MakerDAO has that huge value

[1713537589]

1713537589

[1713537589]

1713537589

[1713537589]

1713537589

[1713537589]

1713537589

[1713537589]

1713537589

[zasad@]

If you're interested in DEFI, start at this site:
https://defimarketcap.io/
This is an analogue of coinmarketcap with all the necessary links to projects.

Thanks for sharing this site.

I read with interest all the comments by different users related to potential of DeFi (or the lack of it). There is no doubt, DeFi is an interesting space and moreover there is lot of hype around it now-a-days. Sometimes this hype is necessary to pull up any space. Weather it leads to bull run in the entire crypto space because of it, is an entirely different subject but I personally do not believe it will happen. Things have become vastly different then from late 2017 and investor have become intelligent after losing money during that time. Do your research, chose the right projects and it should give you good returns. When there is hype around a certain space like in DeFi currently, then if prices starts rising up, tokens in that space where the hype is, tend to give good returns. During those time, even if there is nothing fundamentally good in a project, what is the harm in making some money. As they say - go with the flow...

I will recommend 1 resource to you
https://thedefiant.substack.com/
A free version is enough for familiarization.
But I recommend that you be very careful when using smart contracts, because there will be no one to complain to.
Better to invest in tokens of promising projects

[OcTradism]

DeFi is a new trend in crypto but it is risky for newbies who are greedy enough to fall in scam Defi projects but don't have enough knowledge and mental control to minimize their losses.

Overview on DeFi - a new hot trend in crypto

[Rampagoe004]

For now indeed a Compound DeFi project is very promising and I do not expect to bounce in when other projects are in turmoil, and we hope there are no scamer who want to ruin the quality of DeFi project because we can see every good project Scamer always want to take chances to cheat investors and this is very concerned and we hope this does not happen in the project DeFi.

[Pumuckel21]

I am really interested in Makerdao, since I recently found out about this project i watched a lot of Youtube videos to get more information about DAO projcets. Antoher upoming Defi projecct is from a former member of the founder team of TenX

[FLHippy]

Have you heard that Beam is going to hard fork the network and create a new feature that will allow creating Defi on this anonymous blockchain solution? For the first time in history, we would have really anonymous decentralized finances? 

[el kaka22]

I'll start with an ICO I've recently invested in called Bidao. BiDao is a new blockchain system that creates a trustless stablecoin and a new decentralized financial tool that allows leveraged trading in a trustless setup. In the beginning, BiDao will be completely integrated with the Binance Blockchain and BNB will be used as the collateral. In the future other Blockchains will also be integrated into the BiDao ecosystem.

They are founded by Bastian Aigner who is young guy with a solid tech background and strong education. He reminds me a bit of Vitalik, some people are so smart it's like they are operating on a different level to everyone else and he is like that.

I am not ready to believe into some altcoins nor tokens just for the reason of categorized as decentralized financial projects. The project you have mentioned sound like another stablecoin with BNB as back up and on BNB blockchain. Then how it will ensure trusless environment, already the smart contract is being owned by one dev or group of people? These defi are something fancy terms to lure investors and nothing more in my eyes.

By 2015, people like you were too excited about colored coins which is running on top of existing blockchains and then they were all gone when ICO hype enters this space. Then people started showing on running masternode when ICO turned as heaven of scammers. Masternode's era ended by IEOs and within IEO, some devs are trying tp create hype in the name of defi, STO and with many other cosmetic coated terms.

Everything will come and go and if you are lucky and ready to take risk then you may get chances to crack some profits in between times. Do not expect them to transform your entire life.

[Anonylz]

Assets locked in DeFi (decentralized finance) have dropped more than USD 142 million in a few hours as DeFi platform bZx suffered yet another attack

They should do something about there weak security, if this is going to be the next big thing in crypto then they should not be this clumsy with security which should be at the top priority, according to the article, this is not the first time Defi platform is vulnerable to hackers, I don't suppose they will earn the trust of investors with this kind of attacks.

[zasad@]

Assets locked in DeFi (decentralized finance) have dropped more than USD 142 million in a few hours as DeFi platform bZx suffered yet another attack

They should do something about there weak security, if this is going to be the next big thing in crypto then they should not be this clumsy with security which should be at the top priority, according to the article, this is not the first time Defi platform is vulnerable to hackers, I don't suppose they will earn the trust of investors with this kind of attacks.

https://cryptonews.com/news/defi-loses-usd-140m-in-a-few-hours-as-bzx-suffers-another-ex-5810.htm
This happened 4 months ago. The developers have long made the right conclusions.
It is impossible to make an ideal decentralized system in a short time. Much more money was stolen from cryptocurrency exchanges, and nevertheless we use them

[Mr. R2712]

DeFi seems to be the next thing indeed, but we should tread carefully and do serious research on new projects, because the smart contracts need to have zero vulnerabilities to prevent hacks and the teams need to be reliable.
Imo, in the incoming DeFi bubble most money will be made with small projects that nobody knows about until they reach a mainstream status. Things like XIO, JRT, RAISE and a bunch of other lowcap DeFi projects I guess, but you have to DYOR very well to avoid the obvious scams and the not so obvious ones, cuz right now I bet theres a new DeFi token launched almost everyday, and many of them will fail

[cabron]

DeFi seems to be the next thing indeed, but we should tread carefully and do serious research on new projects, because the smart contracts need to have zero vulnerabilities to prevent hacks and the teams need to be reliable.
Imo, in the incoming DeFi bubble most money will be made with small projects that nobody knows about until they reach a mainstream status. Things like XIO, JRT, RAISE and a bunch of other lowcap DeFi projects I guess, but you have to DYOR very well to avoid the obvious scams and the not so obvious ones, cuz right now I bet theres a new DeFi token launched almost everyday, and many of them will fail

Many investors had seen what collateral DAI could do in trading if its going to be in the exchanges paired with BTC this at least will have to be really stable and will not be controlled by the tether or any entity who created the stablecoins.  Defi Lending would be deployed in the Margin trading?  This will be a good way to make money.

[bitkanu]

It's really impressive how DeFi projects have huge volumes and market caps, it shows that big investors have interest in decentralized Finance more than other crypto currencies, no wonder MakerDAO has that huge value

They have already started to move one from the centralized finance to the decentralized finance as it was offering a better chance for them to get various advantages from the platform that has already created by the developers
The real journey if Defi is starting from here.

[sandos]

DeFi seems to be the next thing indeed, but we should tread carefully and do serious research on new projects, because the smart contracts need to have zero vulnerabilities to prevent hacks and the teams need to be reliable.
Imo, in the incoming DeFi bubble most money will be made with small projects that nobody knows about until they reach a mainstream status. Things like XIO, JRT, RAISE and a bunch of other lowcap DeFi projects I guess, but you have to DYOR very well to avoid the obvious scams and the not so obvious ones, cuz right now I bet theres a new DeFi token launched almost everyday, and many of them will fail

I did not learn about Defi, but I am sure many investors have mentioned this investment trend over the past few months. I don't feel interested in Defi because such projects will soon be forgotten, so in general don't rush to invest if you don't already understand. In addition, many MLM projects use Defi, so before you do anything, you need to consider carefully.

[tetuto]

Hi guys, we have created a repository of knowledge about DeFi: https://defiwiki.org/ with my friends. Feel free to register there and add information about your favorite DeFi project there!

[Kong Hey Pakboy]

DeFi seems to be the next thing indeed, but we should tread carefully and do serious research on new projects, because the smart contracts need to have zero vulnerabilities to prevent hacks and the teams need to be reliable.
Imo, in the incoming DeFi bubble most money will be made with small projects that nobody knows about until they reach a mainstream status. Things like XIO, JRT, RAISE and a bunch of other lowcap DeFi projects I guess, but you have to DYOR very well to avoid the obvious scams and the not so obvious ones, cuz right now I bet theres a new DeFi token launched almost everyday, and many of them will fail

I did not learn about Defi, but I am sure many investors have mentioned this investment trend over the past few months. I don't feel interested in Defi because such projects will soon be forgotten, so in general don't rush to invest if you don't already understand. In addition, many MLM projects use Defi, so before you do anything, you need to consider carefully.

Not really. There are still Defi projects that are promising and successful like Algorand. I don't know if you heard of it because it keeps the Blockchain Trilemma such as security, scalability, and decentralization for a lifetime, and can be safer than traditional financial systems and give the best solution for Defi.

[bct_ail]

High profits, high risk. It is probably obvious that the projects still have a lot of bugs and the risk of loss should be considered by everyone.
https://cointelegraph.com/news/defi-protocol-balancer-hacked-through-exploit-it-seemingly-knew-about

[OcTradism]

By 2015, people like you were too excited about colored coins which is running on top of existing blockchains and then they were all gone when ICO hype enters this space. Then people started showing on running masternode when ICO turned as heaven of scammers. Masternode's era ended by IEOs and within IEO, some devs are trying tp create hype in the name of defi, STO and with many other cosmetic coated terms.

Everything will come and go and if you are lucky and ready to take risk then you may get chances to crack some profits in between times. Do not expect them to transform your entire life.

Totally correct. I composed the thread Overview on DeFi - a new hot trend in crypto. I gave readers a strong warning message like this.

The crypto industry has many hot trends in the last decades: Privacy coins, mixing services, ICOs, staking/ masternode coins, cold-staking, IEOs, and now we have a DeFi trend. It is interesting to see its appearance.

As a basic rule, a new trend brings both opportunities and risks to investors. Only investors who are knowledgeable and readily to learn as well as have ability to control their investing activities can win and earn profits from their capital. Most of them end with losses, indeed.

I don't know of the color coins you said but from trends I have known of, I don't believe in anything that is technically said too good to be true. Trends come and go and there are not too many projects of each trend can actually survive and grow through all market challenges. Even if their developers are not scammers, there is nothing can guarentee about the success of those projects are born in trends.

[JahriMeayer]

That's right, the bigger the project and of course the big ones that mimic it, especially scammers, they try to mimic the fever trends of the DeFi project, we have to be careful of scammers who make fake defi projects, don't let scammers like ICO reoccur

[novaprime]

Just be careful because very soon scammers will try to build fake DeFi projects to lure investors since investors have interest in DeFi projects like many claimed, remember what happened when ICO entered crypto space? Same thing will be repeated, you've been warned

That's right, the bigger the project and of course the big ones that mimic it, especially scammers, they try to mimic the fever trends of the DeFi project, we have to be careful of scammers who make fake defi projects, don't let scammers like ICO reoccur

Defi is just a name and most new projects are abusing this to introduce. I think the next few months Defi projects will be very risky and you need to consider more before deciding. I am not interested in Defi projects but will occasionally join some existing projects at major exchanges. The safest way to invest is to choose only IEO projects at high liquidity exchanges because you will surely make a lot of profit.

[FireBallex]

I'm starting to have positive feeling about DeFi projects because their use cases aren't really new, DeFi projects have been in this space for a while and suddenly they become investors favourite, right now I'm looking for new DeFi projects that I can buy cheap unlike COMP that's now too high