DeFi and CeFi ratings

[shakesbear]

CeFi looks like a more reliable investment, you always have someone to complain to, DeFi is more profitable at the moment, I think.

[1715638148]

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[1715638148]

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[Review Master]

I don't think CeFi will be best. If it is centralized then why people choose CeFi.Crypto trader always wants his Finance to keep secure and hide. I have no idea can CeFi survive or not. I just don't want to use CeFi because I always care about my identity for using crypto.

Your concern regarding identity is really good. But, it's not true that CeFi will vanish . Everyone might be thought that CeFi are fully centralized, but it's not acutally centralized becasue they are using the public blockchain and some of their operations are done by using the centralized system.. So, it's better to use Defi if anyone want to hide their identity when using crypto finance.

[Iyeman]

I don't think CeFi will be best. If it is centralized then why people choose CeFi.Crypto trader always wants his Finance to keep secure and hide. I have no idea can CeFi survive or not. I just don't want to use CeFi because I always care about my identity for using crypto.

Remember this dude, we have seen the hacked cases that happened with CEFI and DEFI but both have different result as CEFI has already recovered all of the lost faced by investors but DEFI was not helping the users.

[minairia3]

CeFi looks like a more reliable investment, you always have someone to complain to, DeFi is more profitable at the moment, I think.

The difference is the accesibility. Cefi is more strict and more conservative while defi shows a true decentralized approach. We can observed that defi has more demand and more profitable as many users are always joining some action on new projects especially those are started. Many defi projects have started to sprout and comparing the cefi trend not a chance it will be more attractive. Maybe sometime in the future, but now we will always be seeing defi hype on every corner of crypto news and social media.

[hd49728]

Now what i want to discuss is that before DeFi we aleady had a lot of crypto based centralized Finance projects (CeFi) some of them seem to be grown really big business wise.

I have never heard of CeFi before I read the topic. From your description above, I don't see why CeFi is different from DeFi. They are the same or very nearly the same. We have ICOs and where ICOs are dead, IEOs were born to replace ICOs. So the same reason for CeFi? DeFi is going to be dead and CeFi will be born (or was it born already)?

[Desscount]

currently the DEFI rating is still very superior, CEFI is far behind,
many people like DEFI because it is what it means in cryptocurrencies, move to DEFI because DEFI is the future

[fabiola!]

DEFI proved to cover many scam projects since anybody can launch it. It is still new but it will settle probably in 6 months from now, and it will be like in small coins masternode world, less than 5% of those DEFI projects will survive to be profitable, but they cannot sustain to offer high APY% rates since there is no institutional liquidity backup like in CEFI.

In CEFI it is all currently defined, celsius is best, nexo is worst (currently)

Name: Celsius Network
Website: celsius.network
Jurisdiction: UK/USA
Trust: 9/10
Earn APY% rates: 9/10
Loan rates: 9/10
Assets under management: 3.3 billion USD
Members: 240000
Coins supported for earning interest: 36
ATM card: NO
Have own coin: YES

Name: BlockFI
Website: blockfi.com
Jurisdiction: USA
Trust: 8/10
Earn APY% rates: 6/10
Loan rates: 7/10
Assets under management: Unknown
Members: Unknown
Coins supported for earning interest: 8
ATM card: Just announced for 2021
Have own coin: NO

Name: Apyharvest
Website: apyharvest.com
Jurisdiction: UK
Trust: 8/10
Earn APY% rates: 9/10
Loan rates: 9/10
Assets under management: 1.3 billion USDC
Members: 40000
Coins supported for earning interest: 47
ATM card: NO
Have own coin: NO

Name: Crypto com
Website: crypto.com
Jurisdiction: Malta
Trust: 7/10
Earn APY% rates: 5/10
Loan rates: 4/10
Assets under management: Unknown
Members: 5 million
Coins supported for earning interest: 34
ATM card: YES - working
Have own coin: YES

Name: Nexo
Website: nexo.io
Jurisdiction: Bulgaria
Trust: 5/10
Earn APY% rates: 8/10
Loan rates: 6/10
Assets under management: Unknown
Members: 1 million
Coins supported for earning interest: 17
ATM card: Promised August 2019, never delivered
Have own coin: YES


I would NEVER put all my assets to CEFI, since in that case i lose all my coins if CEFI platform fails. But i trust them more than DEFI since currently most of DEFI projects are gamble. Those which are defined good, like AAVE , offer very low interest rates. At time i write this, Interest APY% on USDT is 4.38% at AAVE, 10.51-13.86% at Celsius and 11.79-14.17% at Apyharvest. On ETH is much worse - AAVE APY% on ETH is 0.11%, at Celsius is 5.5-7.21% and at Apyharvest 6.25-7.82.

My current portfolio is 50% staking in CEFI, 50% i keep at cold storage ( and o still buy crypto on be-weekly basis)

From I stake ETH at Celsius, and Bitcoin, USDC and SNX at Apyharvest. I have also Crypto com atm card, and it is pretty usable, only thing i hate is that CRO coin is losing value, so i overpaid my initial card deposit when i started long ago.

Hope you find my inputs informative.

[Eco_111]

Unfortunately I will still go ahead and choose CEFI projects over DeFi projects simply because they are less disappointing and more reliable, CEFI projects are the ones that should be the most cunning in this space but they are  more transparent than many DeFi projects, that's so unfortunate for DeFi and Decentralized projects, a big shame indeed

[Gunday_07]

Everyone keeps running from centralized crypto projects but today they are more reliable that those projects that are meant to protect crypto users (Decentralized), honestly I don't know what to believe in anymore, DeFi projects ruin my liking for decentralized crypto based blockchain projects this year, moreover is you lose fund to CeFi there is assurance of getting your money back but not on DeFi

[tommyAPY]

Anyone can find apyharvest? If you live in UK please check below address.


166 Sloane Street, London, England, SWIX 9QF
Block 7, The Oval, Shelbourne Road, Ballsbridge, Dublin 4 D04T8F2

If any have any news, please contact tg @Tmy16

[crwth]

This is the first time I have seen the term CeFi, or I just have noticed this. When I think about it, it's basically what the traditional businesses are, right? They have complete control of what is going on, and that's just how they want it. I think the great idea with DeFi is that it's more transparent compared to the CeFi projects that are going on.

It's important to know what the projects have in store for everyone using it, whether DeFi or CeFi. It's best to DYOR before anything else so that check if it's worth trusting or not.

[magneto]

I think that this is a pretty fair list.

The only thing that you are missing imho for the DeFi applications would be Curve - they are one of the blue chips in the space.

I also would not be comfortable trusting CeFi platforms with significant amounts of money regardless of how secure they appear to be right now, it's simply not worth the risk for me personally.