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Author Topic: DeFi seems to be hot right now! What do you think about the future of DeFi?  (Read 638 times)
guardawallet (OP)
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September 09, 2020, 07:37:53 AM
 #1

As we see, the number of people being adopted to DeFi is increasing day-by-day. More and more people are getting interested in Decentralized Finances. Few days back, we also saw the $SUSHI thing. That's the reason, we would love to know your opinion.

What is the Future of DeFi?
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September 09, 2020, 07:59:39 AM
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 #2

No need to create thread about this Defi hype, this board has a lot already, you can used the Search function or used Google to search about the topic.


About this Sushi thingy:


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September 09, 2020, 08:00:28 AM
Last edit: September 09, 2020, 08:42:33 AM by kolap
 #3

Sushi DeFi, how was it?  Grin
Next going to be Noodle DeFi, Dim Sum DeFi, then Pho DeFi
https://www.youtube.com/watch?v=VshHRXQfxVY

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September 09, 2020, 08:04:51 AM
 #4

I think there's a lot of good DeFi out there and for sure some upcoming more but of course still there's some but not of them are good just like what you've posted Sushi drops from $9 to around $1 in just 5 days after listing then their team or the head of it dump their coins and it's been a topic lately.

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September 09, 2020, 08:06:21 AM
 #5

I don't think so, all I see is that the existing DeFi projects are just about pump and dump not all but almost entirely like that, and it is becoming seen as an increase in interest in financial decentralization but the truth is not.
As you mentioned about $SUSHI, may this thread https://bitcointalk.org/index.php?topic=5273847.0 open your views about the project, also about the most DeFi project.

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September 09, 2020, 08:30:17 AM
 #6

So far the future for DeFi has started to brighten up and has gone viral in the not too distant future, so if this continues then the future of DeFi will certainly experience good development, but the opposite can also happen to DeFi as it has already happened. on ICOs in the past.

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September 09, 2020, 10:37:16 AM
 #7

So far the future for DeFi has started to brighten up and has gone viral in the not too distant future, so if this continues then the future of DeFi will certainly experience good development, but the opposite can also happen to DeFi as it has already happened. on ICOs in the past.

DeFi projects are being talked about a lot recently and I am sure this is an opportunity to make a profit from the market. However, there will be a lot of scam projects popping up so you need to be careful because just one mistake can cost you a lot. It is advisable to plan a specific investment and sell it after it is profitable because DeFi future will inevitably fall apart soon.

 
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September 09, 2020, 11:10:58 AM
 #8

Where did you get that information mate are you sure that the number of people adopting with the Defi is increasing day by day, believe me, thats not gonna happen anymore because with the recent massive decreases of Defi base token prices it was already sending a wrong message to the investors about the Defi risk some investors already give up and voicing out their frustration in social media particularly in twitter, and because of that many investors are already aware regarding the Defi risk? 
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September 09, 2020, 11:22:01 AM
 #9

Sushi DeFi, how was it?  Grin
Next going to be Noodle DeFi, Dim Sum DeFi, then Pho DeFi
https://www.youtube.com/watch?v=VshHRXQfxVY

This food DeFi should be stopped, if a developer here that has a plan to launch a DeFi like project the worst thing that he is going to do is to follow these DeFi food trends because it's not going to work anymore, it's the hype that it's going to be over, DeFi has a future but we see these scam developers blatantly launching scam DeFi investors should first know how DeFi works 

BACK FROM A LONG VACATION
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September 09, 2020, 11:23:21 AM
 #10

The future of defi will be the same as the ico bubble. It will be going to be a big bubble for sure and then after it has already reached the biggest form and then it will be burst and this means the defi hype will end when people will be discovering something new.


Sushi is getting hyped caused by the project called yearn of finance that has already offered the farming yield mechanism before the born of sushi swap. There are so many scam defi appearing too and this can also kill the hype of defi project.

This bubble can burst anytime and everyone should take their own seatbelt.

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September 09, 2020, 12:31:56 PM
 #11

I think there's a lot of good DeFi out there and for sure some upcoming more but of course still there's some but not of them are good just like what you've posted Sushi drops from $9 to around $1 in just 5 days after listing then their team or the head of it dump their coins and it's been a topic lately.

Agreed. I think the food plan really is just a fad. there is a new one I found that is an aggregator and not a salad on coinpaprika called fiscus.fyi. And I thought, not a food Ill buy some. Lol its doubled since two days ago. So I think a lot of people agree with you.
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September 09, 2020, 02:22:22 PM
 #12

I disagree. I think the phase when DeFi was hot is over since a few weeks.
I also think the Defi Hype is responsible for the crash of the crypto market last week.
So many scammy developers hopped on the DeFi train to make quick money.
Stuff like that is harmful for the crypto scene and keeps serious traders away.
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September 09, 2020, 02:30:29 PM
 #13

DeFi seems to be hot right now! What do you think about the future of DeFi?


What is the oldest DeFi token? Augur?  Token is there for soem time. It was highly hyped in 2015 when started. I believe they even had stackexchange for it. Or at least tried to have it.  Anything DeFi is not crypto killer app. Crypto killer app is being money. What Monero and Bitcoin are.
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September 09, 2020, 02:34:58 PM
 #14

As we see, the number of people being adopted to DeFi is increasing day-by-day. More and more people are getting interested in Decentralized Finances. Few days back, we also saw the $SUSHI thing. That's the reason, we would love to know your opinion.

What is the Future of DeFi?
DEFI already going in the way of exit scam or at least most of the projects, so it becomes hyip to scam!

Most people have to wake up from their madness and wait for the hyip to get end to know the real potential of those projects.
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September 09, 2020, 02:54:27 PM
 #15

It’s just strange that good projects like Swipe (SXP) do not receive the necessary investment, and fraudulent projects like sushi receive large investments.   Undecided
it caused by so many factor and as far as i know if people were still in competition to make more and more money. They were thinking the defi coin like sushi will become a money machine like YFI.

People have been getting suggested with the increases that happened with YFI and they have already started to rush sushi as the new option to printing fast money.

It's all about their greed to make instant money from the market while swap can't be considered as a short term game changer. There are so many possibilities.

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September 09, 2020, 04:24:21 PM
 #16

Where did you get that information mate are you sure that the number of people adopting with the Defi is increasing day by day, believe me, thats not gonna happen anymore because with the recent massive decreases of Defi base token prices it was already sending a wrong message to the investors
Are you sure that the recent massive dump in price of Defi send wrong message to investors because the last time I check Defi project are not the only crypto that experience the dump in price and checking the current trend of Defi market token YFI are already picking up.

about the Defi risk some investors already give up and voicing out their frustration in social media particularly in twitter, and because of that many investors are already aware regarding the Defi risk? 
Every crypto investment is risk but that doesn't mean investors have already giving up on Defi because of the dump in price. Mind you, they never give up when Yam issue occurred, why now.

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September 09, 2020, 04:35:34 PM
 #17

Personally i am positive about the future of the DeFi, simply because there is demand in the market although i am confident about the use cases and the products that defi will offer but im just a bit suspicious about the high returns that some of the defi based tokens are offering so we will have to wait and check their sustainability.

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September 09, 2020, 04:47:41 PM
 #18

DeFi projects are some of the most sought-after at the moment. However, investors should be careful as there are plenty of scammers and charlatans just waiting to fleece you in the guise of the DeFi hype.

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September 09, 2020, 05:08:51 PM
 #19

Future of DEFI is very great, forget all these forks and scams, these all come with bull market, you will be the one to separate good projects from the noise. The only thing that can set the space back is if we have a major hack of one of these DEX, which will make people uncomfortable putting their funds in these DEFIs


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September 09, 2020, 06:55:26 PM
 #20

Most probably the hype will die down, it will not be hot anymore, there will be scam coins, people will fall for them, everyone will lose tens of millions of dollars, which will result with people hating defi and not invest anymore and even the good projects not getting a lot of money. Not saying that will certainly be the situation in the future but it is definitely something that people could look out for.

The same thing happened to ICO world, there were bunch of good ones that got a lot of money, after that bad ones came out and scammed people and people just stopped investing into ICO world because of the bad ones and it hurt the new good ones as well, and once again same thing happened with the IEO world as well. So all in all I could say it is not guaranteed but happens very frequently.

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