Is Defi New revolution or just like 2017 ICO,s ?

[bitcoingape]

Guys
these days heard lots about Defi ?

what do you think Defi have some real use cases if yes

would you think its good to invest in it ?

[20kevin20]

Will probably have the same painful death ICOs had. One thing you maybe could keep an eye on is the very few first DeFi coins, but be careful about investing in them as well. Usually, it's the first few coins that get the hype started. The upcoming ones are crapcoins sitting there just to try taking advantage of it. But to be honest, I think it's already very late to join the hype.

ICOs showed us what "revolution" really means. If there's any coin or technology to revolutionize the markets and crypto domain, it'll show its true potential in a matter of years like Bitcoin did. Can't say this is going to be a long-lasting thing, it's too early and the hype is already overpowered imo.

[cryptomaniac_xxx]

I don't think that they offer something new, maybe it's just a new name and new hype. But it will be just the same as the ICO of 2017 and more hype that IEO currently. And as far as I understand, Defi decentralization + traditional banking systems, so what difference does it make in crypto sphere?

And look at this news: https://cointelegraph.com/news/yam-suffers-technical-outage-following-scam-accusations

Yam finance (YAM), the latest fad in the crypto space, recently warned the public of a technical bug affecting the ecosystem.

"We have found a bug in the rebasing contract," the project said in an Aug. 12 tweet. "All funds in staking contract are safe, as this is an unrelated part of the protocol," the project added, also noting participants' Yam token holdings remain unaltered.

As the decentralized finance, or DeFi, crypto boom continues, something called yield farming has come into the spotlight. Yield farming is essentially the latest passive income fad in crypto. Yam has risen to the top of conversation recently as the headline act in the yield farming sector.

[Bitcoin_Arena]

It's all based on hype and speculations at the moment, just like ICO's back in 2017. Traders/investors who are sharp enough will go with the hype earlier if they want to make quick money but sooner or later the hype will start to die down and once the death begins, late comers will be left crying.

[joniboini]

Some projects are definitely legit and offer something new, such as liquidity pool, decentralized credit check, etc. But after that tons of projects are trying to make the same thing and then noobs investors are throwing around money which is why they keep pumping. After some months it will probably die and those who does not innovate or get enough traffic will surely die. When that happen the price of those tokens will start to correct itself.

[b_dayboy0]

It seems like ICOs looking from ROI. However, if you are in this game, irrespective of how good a project is, book profits and let it go. That's all I learned through last ICO trend. Good luck!

[amrulshare]

it was just a trend to heat up the crypto space and was no longer available for a long time.

[Lorokan]

Guys
these days heard lots about Defi ?

what do you think Defi have some real use cases if yes

would you think its good to invest in it ?

I would say indeed that defi is a good form of investment in today world, but you have to wary and then do your own research to ensure you invest in the best defi around you. So that when the hypes are no more; the quality projects, products you invest in, will yield profits. Remember that you can take both short term and long term gains from investment.

[bussybuddy]

Defi is a trend like IEO in 2019, at the first stage there will be a lot of successful and profitable projects for investors, but then there will be bullshit projects and make for investors to lose money

[wmaurik]

Actually DeFi is a revolution, unfortunately currently DeFi has started to be tainted by projects that only follow trends, but end up with a scam and I think for the rest of the quarter in 2020 there will be many more projects that follow the DeFi trend which is a scam which is very unfortunate

[Westfiled]

it's good to invest in the defi platform as long as it has real usage. There will be so many new defi that will be selling gimmick rather than the real use case. Some crap projects have already started to launch their scam defi in the market right now.

[killerfrost]

Defi is a trend like IEO in 2019, at the first stage there will be a lot of successful and profitable projects for investors, but then there will be bullshit projects and make for investors to lose money

Today I saw a Defi project crash 99% in just a few minutes. They received a lot of attention from investors and the market cap went up to 60 million dollars, but then there was FUD and the price dropped quickly causing a lot of people to lose money. You can search the YAM project on twitter to find out about that

[Smitty Werben Man Jensen]

Defi is not like an ICO, Defi is a revolution of the future decentralized financial program, DEFI is not a fraud, but ICO can be a fraud,
2020 to 2022 is a very exciting year for cryptocurrencies, lots of adoptions, lots of new projects, and lots of new programs.

[Fredomago]

Defi is a trend like IEO in 2019, at the first stage there will be a lot of successful and profitable projects for investors, but then there will be bullshit projects and make for investors to lose money

Today I saw a Defi project crash 99% in just a few minutes. They received a lot of attention from investors and the market cap went up to 60 million dollars, but then there was FUD and the price dropped quickly causing a lot of people to lose money. You can search the YAM project on twitter to find out about that

That's how things happened inside this volatile market, speculative movements done by FOMOS and FUDS we can't never say what will
be the next actions that will happen, maybe it's just another test to see how strong investors for this project can be, weak holder will surely be affected, people who did not find time to do their research always lose their money inside this venue of investment.

[qomariah95]

The current hot topic is the Defi project. Even if there are too many nowadays, there will definitely be competition. And surely there will also be DeFi projects that die because they can't compete. If DeFi is still the main choice, then it's not wrong to invest in it.

[Argoo]

DeFi basically the usage smart contract. While there are some legit usage of DeFi smart contract, it's nothing revolutionary.

Cryptocurrency continues to evolve rapidly and DeFi is one of the necessary milestones along the way. Not so long ago, we were discussing whether it would be possible to use cryptocurrency for loans, credits, and deposits. ICO projects and cryptobanks appeared that promised to carry out these operations. With the advent of DeFi, this is becoming a reality based on smart contracts. Moreover, as it turned out, banks are absolutely unnecessary here.
Also stablecoins appeared, which are pegged to regular currency, but backed by cryptocurrency. Such stablecoins can even provide their holders with a certain profit, as they deviate more from the set value of the unit than regular stablecoins.

[avikz]

Both DEFI and ICO have one moto - make money! DeFI is just a more sophisticated form of making money by its owners. I am sure DeFI is also going to have the same fate like ICOs sooner or later!

Definitely there will be few DeFI protocols which are going to stay for longer but most of the protocols will die eventually if not sooner. I have seen few non-collateral platforms as well and I am not sure how are they going to recover money from the borrower if the borrower runs away. It reminds me of BTCJAM and BTCPOP platforms where I have personally money!

[hatshepsut93]

Defi is definitely (no pun intended) not a financial revolution, it's literally just a bunch of tokens and smart contracts based around swapping tokens with each other. It can't do what the traditional finance does, and with knowing how slowly crypto and blockchain solutions get adopted, it's clear that DeFi is overhyped. Also a lot of hype comes from unsustainable returns in various DeFi funds. Maybe it's not like ICOs, because it's a bit harder to make a DeFi project, compared to ICOs where anyone could make a site and a token sale smart contract.

[target]

Its almost the same thing but revolutionized in a way with smart contracts, its not just about crowdfunding like how it did in 2017 ICOs. If its being hype today then just go along because after all, its the trend and you still can make money out of it.  But its best that you just invest to the old ones like the Aave, Compound, Bancor and LINK. They seem to be the first and are making good spikes this few months.

[Skinny48]

Guys
these days heard lots about Defi ?

what do you think Defi have some real use cases if yes

would you think its good to invest in it ?

Not all DeFi projects have good use case, remember that the word 'DeFi' is just a word that any project can insert in their project just to fool investors, you need to make sure that a particular project is more than just words, for example DIA project has Oracle implemented, not just DeFi