Defi a time bomb or a new way to future?

[Dsdaq]

Alot of hype surrounding defi with so many projects going down, what's your take on the current state of Defi?

[1714688725]

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[1714688725]

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[Ucy]

The number of truely Decentralized and safe things on the Ecosystem are likely very few. They are mostly projects that are allowed to do what they like for whatever reason. It makes me abit sad that they are doing this under the name "decentralized" and making the rest of crypto communities look bad. Few in Crypto-space follow best practices or even satoshi example.

Sometimes I feel like the projects are allowed to do whatever they like because of what people call "game theory", or for the sake of having developers make mistakes and fix them or learn from them... as if defi is something experimental. Is it reasonable for them to learn from mistakes by deliberately allowing people's wealth to be destroyed?
 I wouldn't allow mistakes to happen atall on the DeFi. Only very little mistakes will probably be tolerated. Things have to be thoroughly tested, experimented on, reviewed etc before they are allowed in the public for serious usage.

[boyptc]

It's still new, it could be a ticking bomb or the next thing with investments. But there's one thing that we're going to see and that's the innovation in crowdfunding, finance, and other things which can be related to crypto and investments.

[Salauddin1994]

In the case of investments the cryptocurrency market is decentralized in almost all currencies and their prices are not stable the price of currencies depends on growth and demand defi one time the value of this currency is much better but it is to invest by observing each of its sites well with time in the market without rushing this will reduce the risk and improve the future a lot.

[Hispo]

I personally believe there is much potential behind it, however it is still very new.
But I like to think this might be a chance for people to get decentralized financial services, specially those who have no access to them through regular/traditional methods.

The price of the gas within the Ethereum network is worrying, to be honest.
I am glad I have BTC, otherwise I would be in trouble.

[philipma1957]

I am hoping that not only does it last but that it takes off 2x or 3x what it is today.  Better yet let it jump 5-10x.

Now ask me why I hope for this?

[Mttewndew]

It seems to me that at the moment it is too early to draw any conclusions regarding DeFi.

I am hoping that not only does it last but that it takes off 2x or 3x what it is today.  Better yet let it jump 5-10x.

Now ask me why I hope for this?

So why are you hoping for this?

[Renampun]

I think DeFi is the future...

I personally believe there is much potential behind it, however it is still very new.
But I like to think this might be a chance for people to get decentralized financial services, specially those who have no access to them through regular/traditional methods.

The price of the gas within the Ethereum network is worrying, to be honest.
I am glad I have BTC, otherwise I would be in trouble.

You are right, the nightmare of the majority of DeFi today is very high fees. For this reason, DeFi developers must think about using another blockchain because currently there are many blockchains that provide cheap gas fees.

[Cratoon]

As always there will be a lot of scammy projects in DeFi, but some projects are proved themselves as trustworthy and in general crypto economy will only benefit from this new trend

[peter0425]

Alot of hype surrounding defi with so many projects going down, what's your take on the current state of Defi?

Just be aware of the risk and be observant because anytime there can be a Dumping or another Pumping.
the most important thing is you Knew that this Defi thing has just make a season like what the Alts did in 2018.
so The more you keep safe is the better for your money.

[semobo]

Alot of hype surrounding defi with so many projects going down, what's your take on the current state of Defi?

I am not sure whether it has got real potential in the use case for the future because using smart contracts for lending and giving the equivalent of cryptos as a collateral doesn't seems to be a best idea to get some money via loan.But who knows what we got for the future just keep hoping until it becomes real.I am not doing this for some reasons.

[Hispo]

I think DeFi is the future...

I personally believe there is much potential behind it, however it is still very new.
But I like to think this might be a chance for people to get decentralized financial services, specially those who have no access to them through regular/traditional methods.

The price of the gas within the Ethereum network is worrying, to be honest.
I am glad I have BTC, otherwise I would be in trouble.

You are right, the nightmare of the majority of DeFi today is very high fees. For this reason, DeFi developers must think about using another blockchain because currently there are many blockchains that provide cheap gas fees.

For some reason Ethereum seems to be very attractive for developers.

I personally would love to hodl some stable coin un-attached to the Ethereum network.

[claire_lovely]

I think that there is great potential from decentralized finance. Proof of stake should allow gas fees to decrease enough to make it more viable.
https://spectrum.ieee.org/computing/networks/ethereum-plans-to-cut-its-absurd-energy-consumption-by-99-percent