DeFi Projects

[KidTalent]

A lot of people are predicting that the DeFi space will be the catalyst of the next bull run, projects like Maker and Compound have been hugely successful recently and many DeFi projects have performed brilliantly in the bear market.

Name the projects you're excited about in the DeFi space and why you think they will be big..

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.

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[Gorosden]

Compound DeFi projects blown me away unexpectedly, who would have thought that DeFi will be this big? Well it's never too late, I still find it hard to believe that DeFi can trigger the next bullrun though but in time we will know for sure, it seems investors have more interest in decentralized Finance projects and that's a good thing

[SandraN]

Equilibrium (https://equilibrium.io/) is a quite promising project. It supports EOS & BTC collateralization, has a negative loan APR and a 130% min collateralization ratio. Recently, they released a new staking pool for EOS and EOSDT stablecoin with high APY.

[Doranile432]

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

[SyndicateLabs]

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

Definitely, with what Defi is showing, I believe that scammer will quickly create projects to enter this market to steal investors' money. Always research carefully before investing in any new project in this market

[Mighty_crypt]

Compound (COMP) now tops MakerDAO, the project now has the highest value staked in DEFi, its an ERC-20 asset that powers the community governance of the Compound protocol; COMP token-holders and their delegates debate, propose, and vote on changes to the protocol.

[Kvalentine]

Oikos DeFi project is the next DeFi project I'm working on right now, it looks good enough and for the fact that it's the first DeFi project on Tron network, Oikos is a Tron based synthetic asset platform that provides on-chain exposure to fiat currencies, commodities, stocks, and indices. https://oikos.cash/

[batang_bitcoin]

I'm only excited with the bull run but not with DeFi as I still don't understand most of them. If that's what most people you surround says that they'll be the ones fueling the next bull run, why not? But IMO, the one that will be triggering the bull run is bitcoin itself. Just go with the few years back of the market, every after of the halving there's a movement like that. Some say it won't work the same way but I do believe that it will still be the same this time.

[VDraci]

I'm only excited with the bull run but not with DeFi as I still don't understand most of them. If that's what most people you surround says that they'll be the ones fueling the next bull run, why not? But IMO, the one that will be triggering the bull run is bitcoin itself. Just go with the few years back of the market, every after of the halving there's a movement like that. Some say it won't work the same way but I do believe that it will still be the same this time.

What bullrun are you referring to friend?? I don't see any bullrun sign in present market and I believe that last Bitcoin bullrun was easily triggered because of ICO, that year 2017 many money came into crypto space through ICO that's why I think DeFi may do the same this time around but who knows?

[patz22]

Defi projects are being copied and being improved so you just need to be really careful in choosing which is which, sometimes, they are using it to gain more for dump and pump. Have you seen what is happening in Dex right now? it might be a trigger for a bullrun however many people especially newbies will suffer from it.

[OasisDre]

Defi projects are being copied and being improved so you just need to be really careful in choosing which is which, sometimes, they are using it to gain more for dump and pump. Have you seen what is happening in Dex right now? it might be a trigger for a bullrun however many people especially newbies will suffer from it.

Your points are very confusing, it's true that there will be many copycat DeFi projects soon but what do you mean about Dex? How will dex trigger a bullrun and how will newbies suffers from this? Doesn't make sense to me, for new bullrun to take place huge money must be driven into crypto, DeFi has the chance but not that big

[TastyChillySauce00]

Compound DeFi projects blown me away unexpectedly, who would have thought that DeFi will be this big? Well it's never too late, I still find it hard to believe that DeFi can trigger the next bullrun though but in time we will know for sure, it seems investors have more interest in decentralized Finance projects and that's a good thing

We will see what will be happening with the compound. I bet there will be so many new projects that will be copying the idea that has already used by the compound. Defi has a lot of potentials but it needs a lot of exploration.

[Davian144]

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

The way to warn is not to be in such a hurry, just relax, because investors now are no longer stupid like in the past, they will always make checks on new projects, both DeFi and non-DeFi, even though they really like the DeFi project does not mean they will not check it first.

[JeotQ]

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

The way to warn is not to be in such a hurry, just relax, because investors now are no longer stupid like in the past, they will always make checks on new projects, both DeFi and non-DeFi, even though they really like the DeFi project does not mean they will not check it first.

Not all investors mister, what about new crypto investors? Every week new waves of newbies find their ways to crypto space and they have zero experience about new projects, even if they decide to do some research first they aren't as smart as those who are already on here

[batang_bitcoin]

I'm only excited with the bull run but not with DeFi as I still don't understand most of them. If that's what most people you surround says that they'll be the ones fueling the next bull run, why not? But IMO, the one that will be triggering the bull run is bitcoin itself. Just go with the few years back of the market, every after of the halving there's a movement like that. Some say it won't work the same way but I do believe that it will still be the same this time.

What bullrun are you referring to friend?? I don't see any bullrun sign in present market and I believe that last Bitcoin bullrun was easily triggered because of ICO, that year 2017 many money came into crypto space through ICO that's why I think DeFi may do the same this time around but who knows?

If you read the post of OP, you'll understand about the bull run thing that I've said. I'm not saying that there's a bull run this time and I said that I'm basically excited with that.
But didn't said that there's a bull run at the present time. We don't know if this time it will be the DeFi's fault and all of those don't know what's going to happen next.

[btc_angela]

I'm only excited with the bull run but not with DeFi as I still don't understand most of them. If that's what most people you surround says that they'll be the ones fueling the next bull run, why not? But IMO, the one that will be triggering the bull run is bitcoin itself. Just go with the few years back of the market, every after of the halving there's a movement like that. Some say it won't work the same way but I do believe that it will still be the same this time.

Correct, and remember that for a bull run to happen, it should start with bitcoin first and then wait for the effect on the altcoin market. And I don't think that Defi will be the catalyst for a altcoin bull run though, because we should have seen the market recovered if we are going to base on Defi's hype in the last three months or so, but nothing has change, it is still hype, sorry to burst the bubble for altcoin investors.

[Ryushin]

Do not relax too much on DeFi projects, not all of them will be that good, remember that project team is the main reason why projects succeed or fail, every team behind every DeFi projects will be different, be smart and do your own research

[specumining]

Verus is going to revolutionize decentralized finance(DeFi) as we know it.


Just as Bitcoin started out, as an open-source, fair launched, no ICO, or pre-mined, or even dev funded project.


Put simply, Verus is much more than any single ordinary blockchain; more of an entire ecosystem of interconnected blockchains that all operate decentralized and at the protocol level.


You will have the ability to be merge mine and stake up to 22x at once!


Interoperability


Fractional reserve capabilities


Cross-chain transaction


Onchain Conversions


Amazingly, everything is done at the protocol level on a decentralized network, Verus.


If that's not enough there's alot more!


VerusID

VerusIDs are true self-sovereign identities and aren't simply an ID system as much as a fully functional blockchain protocol. There is no business in the protocol, but plenty of opportunity for those who use what it can do for identity applications. Verus ID provides:

Quantum ready

Fully decentralized

Revocable

Recoverable

Private

A Built-in Decentralized Referral Program, Enabling Natural Growth.

Verus IDs will cost Verus to acquire, 100 Verus per ID to be exact, which can be discounted to 80 Verus with referral of an existing Verus ID. The interesting twist is that all of the cost of an ID goes back into the network, either as referral fees, which are a way to get discounts or possibly even make money through referrals and built into the identity transactions themselves, or as mining and staking fees. No one besides people participating in the network as miners, stakers, or ID referrers take any proceeds from the cost of an identity. If you refer someone new and they purchase an ID with your ID as a referral, they will receive a 20% discount on the ID. In addition:

You will receive 20 Verus directly
The person who referred you, if there is one, will receive 20 Verus
The person who referred person b, if there is one, will receive 20 Verus, and
The miner or staker will receive the remainder of the discounted 80 Verus cost
As you might expect from looking at the fact that anywhere from 20 to 100 Verus goes to miners and stakers of Verus for each new identity once identities hit mainnet, some Verus blocks may have VERY high rewards for some time. The best thing about that is that regardless of how much the Verus blockchain rewards miners over and above the pre-determined coinbase reward, it will be as a result of the on-chain economy, paid for by people buying identities with no inflation of the money supply! If you or your friends missed the early days of the Verus launch, you don't want to miss this new opportunity to be mining, staking or referring now Verus IDs are activated on the mainnet!.





.
Join the Discord: https://discord.gg/VRKMP2S

Website: https://veruscoin.io

Community twitter - https://twitter.com/VerusCommunity

[JHORN]

Decentralized Finance makes lotta sense and I'm 100% sure that new projects will start using DeFi as their use case from now henceforth, the problem is not all DeFi projects will have real aims, some will come in a sheep's clothing to take advantage of investors, I'm not against DeFi I'm just warning people not to get caught in DeFi projects FOMO

[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.