DeFi Platform

[budi691]

I agree with our friends that learning on YouTube is easier to understand and not too difficult, following a bounty can be a direct lesson by following it and if successful you can get the prize, but when you join the bounty you have to be more. be careful and thorough because there are many scammers, when the Defi project is hype many people try to exploit it by cheating, more thorough is better

[kindbtc]

Starting to learn more about crypto , I find it really hard to know more about it in just a short time , I know it will take a long time and everyday studying to be able to understand it well.

Just as I was starting in this world of crypto  , a new term has been the hot item nowadays , DeFi platform. I'm really trying to do a little bit of everything from bounties , to Airdrops, to Signup to have free bonuses , I didn't get a lot of chance learning about this new thing on crypto.

Anyone , who can simplify DeFi ? 😄

At the moment stay away from defi projects because their prices are already bloated and this thing can crash hard. Just to understand decentralized finance is called defi which is basically like providing decentralized banking services, so it is a big niche but will take time developing and growing.

[adzino]

Starting to learn more about crypto , I find it really hard to know more about it in just a short time , I know it will take a long time and everyday studying to be able to understand it well.

Just as I was starting in this world of crypto  , a new term has been the hot item nowadays , DeFi platform. I'm really trying to do a little bit of everything from bounties , to Airdrops, to Signup to have free bonuses , I didn't get a lot of chance learning about this new thing on crypto.

Anyone , who can simplify DeFi ? 😄

Don't just go running after those projects because everyone is talking "DeFi". The hype is real now, so be careful when you make any kind of investment over there. Fake projects are taking advantage of this hype and are trying to scam people.
Read the resources others provided you and be the judge for yourself if they are going to be a good investment or not. And about airdrops and bounties, don't do those. Just waste of time.

[lousie9]

If you want to learn more about what Defi is then you can search various sources be it their social media channels, YouTube videos or Google. there you will find what you are looking for. but remember, I don't recommend you to invest in it, especially if you are new to crypto on the other hand the Defi program is still new. this is high risk.

[AmoreJaz]

I am more appreciating if a newcomer come to crypto and learn about it like you than the newcomer who comes to crypto to get quick profit.
Defi is Decentralized Finance, it means Financial without centralized parties like banks. Daily, our money is controlled and regulated by the banks or government. DeFi is the opposite of that, anyone can take full control of their money without third party or middleman.

the concept of DeFi alone is really great, but it is the project team behind it will dictate on how their platform will indeed perform as DeFi platform. as we are seeing right now, countless DeFis are appearing everyday. and check some of them because they already have existing allegations like plagiarised whitepaper or using fake team profiles. stay away from those projects because it warns us that they are not sincere on what they are offering but just here as money making scheme.

[michellee]

I am more appreciating if a newcomer come to crypto and learn about it like you than the newcomer who comes to crypto to get quick profit.
Defi is Decentralized Finance, it means Financial without centralized parties like banks. Daily, our money is controlled and regulated by the banks or government. DeFi is the opposite of that, anyone can take full control of their money without third party or middleman.

the concept of DeFi alone is really great, but it is the project team behind it will dictate on how their platform will indeed perform as DeFi platform. as we are seeing right now, countless DeFis are appearing everyday. and check some of them because they already have existing allegations like plagiarised whitepaper or using fake team profiles. stay away from those projects because it warns us that they are not sincere on what they are offering but just here as money making scheme.

That is like what we saw in ICO and IEO before. The project becomes bad and only have money oriented without thinking about how the project can survive for the long term. It is normal to see that because if one thing is exploding, there will be many new projects that will launch with almost the same as the previous project. If you can not find a good source about DeFi, I suggest you leave it behind you and search for another thing, such as analyzing the other coins at the market. Maybe that will works for you than to spend your time searching for DeFi.

[mohucool]

Starting to learn more about crypto , I find it really hard to know more about it in just a short time , I know it will take a long time and everyday studying to be able to understand it well.

Just as I was starting in this world of crypto  , a new term has been the hot item nowadays , DeFi platform. I'm really trying to do a little bit of everything from bounties , to Airdrops, to Signup to have free bonuses , I didn't get a lot of chance learning about this new thing on crypto.

Anyone , who can simplify DeFi ? 😄

You can learn more about Defi in my blog at clicking below

Cryptomaniac

[lepbagong]

If you want to learn more about what Defi is then you can search various sources be it their social media channels, YouTube videos or Google. there you will find what you are looking for. but remember, I don't recommend you to invest in it, especially if you are new to crypto on the other hand the Defi program is still new. this is high risk.

It is true, with a new program that is not widely known and discussed, of course, there will be risks that we cannot know, while until now we are still guessing. A good suggestion is to study some more and understand or at least not to plunge before believing. I really appreciate the advice you give, of course, this will make good learning.

[Kotone]

The best method to know about it is use Google and Youtube. I think you can benefit by watching some tutorial on how does defi really put into good use. From staking, lending, and yield farming. You can do most of the stuff easily and can gain profits from it.

Lucky coders who can easily create a scam project and leave it once the project already gained a lot of funds.

[shoreno]

learning crypto is not easy so dont force yourself to learn everything in a day  . take it easy and dont pressure yourself because this isnt a competition and no one is going to catch you from behind . youl face different trends here on crypto and defi is the latest one  but like i said earlier start from basic and ignore these trends for a while however what your doing is fine. before when i was a noob i also start on airdrops then bounties and so on .  you wont know maybe theres also defi on the airdrop and bounties that you joined .

[DarkTrix]

Yesterday there were such huge commissions. I paid 50-60 dollars for 1 uniswap operation

[ghost424]

Simply DeFi is abbreviation from Decentralized Finance, which is an industry that providing financial services such as lending, trading or etc through decentralized platform on a blockchain (mostly in Ethereum blockchain). There is another good article^[1] which leads you to better understanding in DeFi or read this topic overview^[2] about DeFi.

[1] https://decrypt.co/resources/defi-decentralized-finance-explained-guide-learn
[2] https://bitcointalk.org/index.php?topic=5256820.0

This would surely be another great utilization of Ethereum and knowing the endless possibilities of providing financial services now, we might get to see more improvement in the future. Article number 1 really gave a good introduction about DeFi which really shows the use of Blockchain Technology with providing financial services. Lending and Trading are one of the initial things that are always happening in some sections of the forum and creating a term for it just made it better.

[zasad@]

Tron DeFi  lol

https://twitter.com/DoveyWan/status/1295750531483201537
"Ahahahahahah I'm dead, this is such a joke I can laugh for weeks

THE most expected TRON SWAP project Alphalink apparently has 0 technical competence and failed in adding liquidity to its pool, now locked up 200k forever in its own contract ..."

https://tronscan.io/#/token20/TFXqvoiNrGt2RZT6Uh7H7TQQkVmGV5FY3o
https://tronscan.io/#/contract/TTW2bchXQYjHMiea87W1dCH6PArNhDzqf4/token-balances

[JCviggen]

The best method to know about it is use Google and Youtube. I think you can benefit by watching some tutorial on how does defi really put into good use. From staking, lending, and yield farming. You can do most of the stuff easily and can gain profits from it.

Lucky coders who can easily create a scam project and leave it once the project already gained a lot of funds.

I think the most profitable way is to add liquidity to reliable defi projects. it will bring you a very large money income if the project will be popular from traders and users

[zasad@]

I think the most profitable way is to add liquidity to reliable defi projects. it will bring you a very large money income if the project will be popular from traders and users

Did you yourself make money on this?
Liquidity providers can lose their money if the pool is depleted as a result of arbitrage or an error in a smart contract.
The easiest way is to do farming, there are very minimal risks. But you need to use proven projects.

[diskodasa]

I am more appreciating if a newcomer come to crypto and learn about it like you than the newcomer who comes to crypto to get quick profit.
Defi is Decentralized Finance, it means Financial without centralized parties like banks. Daily, our money is controlled and regulated by the banks or government. DeFi is the opposite of that, anyone can take full control of their money without third party or middleman.

the concept of DeFi alone is really great, but it is the project team behind it will dictate on how their platform will indeed perform as DeFi platform. as we are seeing right now, countless DeFis are appearing everyday. and check some of them because they already have existing allegations like plagiarised whitepaper or using fake team profiles. stay away from those projects because it warns us that they are not sincere on what they are offering but just here as money making scheme.

Defi is now considered the most prominent investment trend during this period and 10 new projects appear, there will be 9 successful projects in this market.

I am also investing in a lot of projects but only speculating because if holding long term, you will easily face risks. What you need to consider when joining DeFi is profitability because this is what determines the potential of the project after being listed.

[amishmanish]

Defi is now considered the most prominent investment trend during this period and 10 new projects appear, there will be 9 successful projects in this market.

You are screwing up your proportions here. More like if 10 projects appear, 1 will be successful. There is already the rampant copying, scamming and pump and dump that this space has always been famous for. It is impossible to separate the good ones from the bad ones as most of them seem to have learnt from their mistakes and are adapting very encouraging tones as far as devs and "community" is concerned.

I am also investing in a lot of projects but only speculating because if holding long term, you will easily face risks. What you need to consider when joining DeFi is profitability because this is what determines the potential of the project after being listed.

How exactly do you find the "profitability" of a DeFi project before listing and being available on exchange??  It is always like they pump the prices on Uniswap with some low-liquidity pool. People FOMO and buy worthless tokens by paying very high transaction fees. Finally when and if they find an exchange, the price goes into high volatility benefiting the traders and whales like it is meant to.

[Bitbuffalo]

As others have already shared important links where one can learn and understand more about DeFi, I hope the OP will use it in assessing the authenticity of DeFi project that he will get interested with. Because some of these projects are just riding the hype and they have no intentions of actually implementing the platform. Like a money grab project and users should be vigilant with those projects.

New upcoming #DEFI project called fiscus.fyi looks very promising. Looking to do a crosschain lending platform meaning you can also deposit and borrow BTC LTC etc.