What DeFi projects are your radar this week?

[ActAshton]

"DeFi stands for decentralized finance, which is an umbrella term for digital assets and financial smart contracts, protocols, and decentralized applications. It may rightfully be defined as the movement that promotes the use of decentralized networks and open source software to create multiple types of financial services.

According to Forbes, DeFi has become a global alternative to traditional finance in the blink of an eye and currently is reimagining the way we do finance."

Let's hop on the DeFi wave. One thing I love about this new trend is that it's like ICO's have grown up and have become more responsible. Let alone, the community hypes up other businesses and brings more attention here than BTC itself, which is great. BTC always comes up in conversation when we talk about new things like DeFi.

I have my own personal list of DeFi businesses I follow, like Rio and Mantra. However, there are some existing businesses incorporating the similar model like Compound and AAVE. It's a given these existing businesses jump into DeFi because a key rule in business is to align their models with current trends to attract users and investors to the project. It's really surprising to see a lot of businesses receive funding during a recession, but hey, it goes back to what I mentioned about The Great Reset. It's a new time to shine and we should ride this wave for as long as it lasts, as we did in 2017-2018.

What DeFi projects are you looking into? 

Aside from media giants like CT and CD, I've been searching for the underdogs in the media space. Some have more unique articles than most media hubs these days, which is so important. Information is DIRE during these times and we must pick and choose who we follow and why when investing, researching, and collaborating. 

Inspiration: https://cryptojournal.us/en/blog/top-10-defi-projects-to-watch-in-2020

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[mu_enrico]

From what I read in the article, DeFi innovation is still dominated by lending platforms and stable/pegged coins. It's a good start; however, I want to see more about the Decentralized Autonomous Organization (DAO) as a profit-seeking corporation.

Imagine you create a company as DAO and issue shares over DeFi, do the voting as a shareholder, earn profits in stablecoins, can trade stocks freely without 3rd party market maker. Not sure if it's the definite future, but it is one of many possibilities. The thing is, it has to be approved by the regulation if we want everything to go smoothly.

Anyways, which project is currently doing these things?

[ifightformerkel111]

Take a look at PARSIQ.

They build crazy oracle solutions with focus on defi.

Could be the next big think. At the moment, no big exchange, no marketing, very low marketcap, but the coin is rising like hell.


https://coinmarketcap.com/currencies/parsiq/markets/

[kingzpro]

I am not looking to invest in any defi coin right now but from most of the social media vibes and trends i come to know that Mantra dao, defipie and parsiq seem to be focus so you can check them out if you are interested but be careful and invest only after complete investigation and satisfaction.

[ActAshton]

I am not looking to invest in any defi coin right now but from most of the social media vibes and trends i come to know that Mantra dao, defipie and parsiq seem to be focus so you can check them out if you are interested but be careful and invest only after complete investigation and satisfaction.

Calvin is definitely making big moves with Mantra. I have a lot of friends talking about it and they are kicking ass for sure. I hope it's not just another pump with no crazy USP that others have claimed in the past.

Never heard of Defipie or Parsiq but will definitely take a look. Are you familiar with the ones labeled in the OP?

[bgaf]

I am not looking to invest in any defi coin right now but from most of the social media vibes and trends i come to know that Mantra dao, defipie and parsiq seem to be focus so you can check them out if you are interested but be careful and invest only after complete investigation and satisfaction.

These coins are the hottest one. Most of the projects being endorsed on youtube is really a prime time hit actually. Elliot review makes it clear how people are really into fomo. Have you seen the explanation about the parsiq? Its actually something new. I have my eyes on mantradao too it seems like the coin has a lot of potential to grow and even more when it tapped many exchange like binance.

[landoffaucets]

I am a big fan of Oikos, since it is a new DeFi protocol on Tron network, it doesn´t have a lot of competitors on the network. Secondly, you need to put 750% collateral to take a loan, this makes it extremely safe against the price drop of OKS token.

[target]

From what I read in the article, DeFi innovation is still dominated by lending platforms and stable/pegged coins. It's a good start; however, I want to see more about the Decentralized Autonomous Organization (DAO) as a profit-seeking corporation.

Imagine you create a company as DAO and issue shares over DeFi, do the voting as a shareholder, earn profits in stablecoins, can trade stocks freely without 3rd party market maker. Not sure if it's the definite future, but it is one of many possibilities. The thing is, it has to be approved by the regulation if we want everything to go smoothly.

Anyways, which project is currently doing these things?

I've read just today on cointelegraph article about CEO of AAVE going to tokenize Tesla on its platform which is probably the next thing that will happen to some other companies which will likely going to be like stock market. Synths will probably created more on the Defi platforms which we will be able to trade them too. Lending and stablecoin I guess is just the start of its application.

[CTFUK]

https://bitcointalk.org/index.php?topic=5271074.msg55058688#new

[MikeyVeez]

Look in my signature, Oikos provides decentralized finances on Tron network. By lending OKS tokens you get syntheticUSD and with sUSD you can buy also sETH or sBTC and hold them into your personal Tron wallet. Or you can use Justin Sun´s Tron DeFi project - JUST.

[Silberman]

The fact that Coingecko and Coinmarketcap created a dedicated for Defi and the fact that one of Defi token is on the top 5 in the chart and the very high combine volume of these Defi we can conclude that Defi is here to stay I have two Defi tokens in my portfolio and looking to add more
but I still consider Bitcoin as the king so I voted Bitcoin is still king.
 

DeFi it's here to stay and there is no doubt about it but the real issue is if can they maintain the excitement that is surrounding their projects right now? And to me it is obvious that is not possible, so anyone that is investing in a DeFi project because they think they are going to earn a lot of money in a quick way should be very careful and look at what happened with icos in 2017 in which a few people made themselves rich and the rest lost everything.

[ActAshton]

From what I read in the article, DeFi innovation is still dominated by lending platforms and stable/pegged coins. It's a good start; however, I want to see more about the Decentralized Autonomous Organization (DAO) as a profit-seeking corporation.

Imagine you create a company as DAO and issue shares over DeFi, do the voting as a shareholder, earn profits in stablecoins, can trade stocks freely without 3rd party market maker. Not sure if it's the definite future, but it is one of many possibilities. The thing is, it has to be approved by the regulation if we want everything to go smoothly.

Anyways, which project is currently doing these things?

I've read just today on cointelegraph article about CEO of AAVE going to tokenize Tesla on its platform which is probably the next thing that will happen to some other companies which will likely going to be like stock market. Synths will probably created more on the Defi platforms which we will be able to trade them too. Lending and stablecoin I guess is just the start of its application.

Wasn't Polymath trying to do something similar? Not tokenizing Tesla specifically but tokenizing securities.

[Princejebs]

The  defi momentum is cooling down already, the hype is going down gradually. I will be  studying Dia, it's another oracle just like chain link and band. I will be looking at btc correction before I will full my bag as the project is still new and not yet listed on big exchange. Only okex I have seen as the significant one for now.
I still believe the team has connections to make it to coin base exchange.

[mu_enrico]

I've read just today on cointelegraph article about CEO of AAVE going to tokenize Tesla on its platform which is probably the next thing that will happen to some other companies which will likely going to be like stock market.

Do you mean this one? https://cointelegraph.com/news/aave-ceo-wants-to-tokenize-tesla-elon-musk-gives-silent-treatment
He wanted to tokenize the car (not the stock) as a collateral for lending (again).

Nevertheless, AAVE looks slick, better than its predecessor ETHLend.

Wasn't Polymath trying to do something similar? Not tokenizing Tesla specifically but tokenizing securities.

Yeah, this one is very popular back then with the ATH ~$1.5 now it's only ~$0.06 lmao
Not sure if they are still trying.

[Stedsm]

I'm following TOB and XAMP for this week and I can clearly say that these 2 coins are poised to enter the bull run very soon (though, I don't know if these coins are DeFi based or not). DeFi is not the future actually, and BTC will definitely take over once again above YFI soon as DeFi is just a 2-day story, and BTC is a well-written history which will define the future of cryptocurrencies forever.

[ActAshton]

I've read just today on cointelegraph article about CEO of AAVE going to tokenize Tesla on its platform which is probably the next thing that will happen to some other companies which will likely going to be like stock market.

Do you mean this one? https://cointelegraph.com/news/aave-ceo-wants-to-tokenize-tesla-elon-musk-gives-silent-treatment
He wanted to tokenize the car (not the stock) as a collateral for lending (again).

Nevertheless, AAVE looks slick, better than its predecessor ETHLend.

Wasn't Polymath trying to do something similar? Not tokenizing Tesla specifically but tokenizing securities.

Yeah, this one is very popular back then with the ATH ~$1.5 now it's only ~$0.06 lmao
Not sure if they are still trying.

Lol I am not sure they are doing anything as important as they use to be. My profile still mentions them from the good 'ol days.

I met Stani back at Slush Finland '18. Really cool guy and has done an incredible job growing the business. I'd love to see him collateralize a Tesla- once he actually does it, I'm sure Elon would see it. People in crypto talk A LOT but Stani has walked further than most!

[TEX-LXRY]

There are a lot of projects and I see that almost all the projects are getting a lot of traffic so I am not putting my money on some coins unless I find some really good one.

If you have list just share it with me I will look into it.

TEX-LXRY

[whofeelsitknowsit]

Ren Protocol (REN) - this is my #1 DeFi project and favorite crypto right now.

[benthach]

i like passive income in staking way better. check out ark and download their wallet at http://ark.io to see how cool it is to invest in crypto 💯💥👍 i like the idea of your tokens is in your wallet and 100% safe.

[TEX-LXRY]

i like passive income in staking way better. check out ark and download their wallet at http://ark.io to see how cool it is to invest in crypto 💯💥👍 i like the idea of your tokens is in your wallet and 100% safe.

How exactly a person can earn from this platform?

TEX-LXRY