zasad@ (OP)
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October 12, 2020, 09:03:42 PM
Last edit: October 15, 2020, 07:31:09 AM by zasad@ |
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Recently, I have been reading a lot of topics where the DeFi ecosystem is called a scam. But let's be impartial and ask the question, are you choosing the right projects? HYIPs that promise 1-2% profit per day or 360-720% we call a scam and in yield farming projects with a profit of 3000% per year we invest, and then we call DeFi a scam. Maybe it's time to get honest?  source: https://btconethereum.com/Total BTC on Ethereum133,391 BTC
$1,542,093,0151.Wrapped Bitcoin (WBTC)https://wbtc.network/https://coinmarketcap.com/currencies/wrapped-bitcoin/Wrapped Bitcoin delivers the power of Bitcoin with the flexibility of an ERC20 token Wrapped Bitcoin (WBTC) is the first ERC20 token backed 1:1 with Bitcoin. Completely transparent. 100% verifiable. Community led. 97,136 BTC
$1,122,958,061 72%2.renBTC (RENBTC)https://renproject.io/https://coinmarketcap.com/currencies/renbtc/Introducing RenVM, an open protocol providing access to inter-blockchain liquidity for all decentralized applications. Bring BTC, BCH and ZEC to your Ethereum app. 26,375 BTC
$304,913,689 20%3.Huobi BTC (HBTC)https://www.htokens.finance/en-us/https://coinmarketcap.com/currencies/huobi-btc/H-Tokens The bridge between centralized and DeFi markets H-token series are a suite of assets issued on Ethereum and backed by cryptocurrencies from other blockchains to bring more digital assets to the Ethereum DeFi ecosystem. 5,410 BTC
$62,544,618 4%4.sBTC (SBTC)https://www.synthetix.io/https://coinmarketcap.com/currencies/sbtc/Synthetix is the backbone for derivatives trading in DeFi, allowing anyone, anywhere to gain on-chain exposure to a vast range of assets. 2,505 BTC
$28,963,348 2%5.The Tokenized Bitcoin (IMBTC)https://tokenlon.im/imBTChttps://coinmarketcap.com/currencies/the-tokenized-bitcoin/imBTC - More Accessible Bitcoin imBTC is able to work with smart contracts, seamlessly integrate into decentralized transactions and financial services, while injecting liquidity into the Ethereum ecosystem.
1,323 BTC
$15,296,138 1%6.tBTC (TBTC)https://tbtc.network/https://coinmarketcap.com/currencies/tbtc/tBTC, the open-source project that allows people to use Bitcoin safely in Ethereum DeFi apps, is live and ready to be used. 522 BTC
$6,039,426 0,4%7.pTokens BTC (PBTC)https://ptokens.io/https://coinmarketcap.com/currencies/ptokens-btc/pTokens are a tool enabling cross-chain composability. It is an essential component enabling Decentralized Financial (DeFi) DApps to be compatible with any crypto asset. https://ptokens.io/faq119 BTC
$1,377,735 0,1%This is not the whole list, I constantly come across new and projects for bitcoin tokenization, for example: https://medium.com/@BoringDAO_DeFiWhat value will we see in a year  ? |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Oshosondy
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Gamble responsibly
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October 12, 2020, 10:13:51 PM |
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Ethereum platform look for ways bitcoin can count on there platform and also alters ether price, I have only known about wBTC as bitcoin DeFi project, I do not know they are many like these. Even with what ethereum platform trying to achieve, and with other such DeFi projects that is driving high the price of ether, ether is still many ways behind bitcoin.
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senyorito123
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October 12, 2020, 10:59:03 PM |
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Ethereum platform look for ways bitcoin can count on there platform and also alters ether price, I have only known about wBTC as bitcoin DeFi project, I do not know they are many like these. Even with what ethereum platform trying to achieve, and with other such DeFi projects that is driving high the price of ether, ether is still many ways behind bitcoin.
It can be eth or Bitcoin, DeFi projects is a good potential to make it possible in the future once every has bee settled down. Don't lose your grip with these fruitful assets as long as the community reaches through many individuals. Everything will still be ok and trading volume stands firm. |
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btcdie
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October 12, 2020, 11:01:07 PM |
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BSC (Binance smartchain) no data mentioned. maybe you can add BTCB data how much in the BSC network. yep BSC, hardforks from ethereum have been able to make HYIPs lately. (swap) just helps / makes it easier for traders to get profit in the short term and of course decentralization. Or participate in liquid, farming, etc.  |
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LittleHamster
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kittiefight.io Combat MMO Lending Jackpots
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October 12, 2020, 11:48:21 PM |
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Recently, I have been reading a lot of topics where the DePhi ecosystem is called a scam.
But let's be impartial and ask the question, are you choosing the right projects?
HYIPs that promise 1-2% profit per day or 360-720% we call a scam and in yield farming projects with a profit of 3000% per year we invest, and then we call DeFi a scam.
Maybe it's time to get honest?
We need to look not only at the amount of interest per day/month/year that the project promises for staking our coins. It is important to understand how the project will earn so that part of its earnings will go to our as a reward. If there are no problems with this and the project has a transparent business plan that works perfectly, then such a project can bring even 100% per day. A clear sign of a fraudulent project is that its business model is not transparent. ROI is the next detail. |
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zasad@ (OP)
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Recently, I have been reading a lot of topics where the DePhi ecosystem is called a scam.
But let's be impartial and ask the question, are you choosing the right projects?
HYIPs that promise 1-2% profit per day or 360-720% we call a scam and in yield farming projects with a profit of 3000% per year we invest, and then we call DeFi a scam.
Maybe it's time to get honest?
We need to look not only at the amount of interest per day/month/year that the project promises for staking our coins. It is important to understand how the project will earn so that part of its earnings will go to our as a reward. If there are no problems with this and the project has a transparent business plan that works perfectly, then such a project can bring even 100% per day. A clear sign of a fraudulent project is that its business model is not transparent. ROI is the next detail. 100% per day  Are you seriously? How do yield farming projects make money? Attracting new hamsters. Hamsters buy tokens to participate in the farming of the same or other tokens, but when there are a lot of tokens, their price drops. The price of a token can grow by 100% per day or more, but this is only because of the thirst for new hamsters and their number. These are the same eggs, only when viewed from the other side. This is a common HYIP that has no financial model other than an increase in the value of the token due to the growth of the community. For example https://qubcoins.world/Pair Stats https://info.uniswap.org/pair/0xc4dfed8305781606bcaa6e80fad85722c6ff1a65 |
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Yogee
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October 13, 2020, 11:44:39 AM |
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.....A clear sign of a fraudulent project is that its business model is not transparent. ROI is the next detail.
How about if the project's business model is so transparent that you can clearly see it's unsustainable in the long run and will collapse like other HYIPs or ponzi investment schemes? The difference is "investors" in DeFi projects can pull out their money faster than traditional HYIPs. ...... SEC has been issuing some soft warnings that investors needs to tread carefully. We don't know what these regulators are up to yet but I feel like they've been working in the background to take down or heavily regulate yield farming and lending related DeFi projects. |
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Ucy
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October 13, 2020, 03:01:54 PM |
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I have been reading a lot of topics where the DePhi ecosystem... I guess you mean DeFi? Or does that mean something else? Anyway, it's better to see them simply as "tokenized bitcoins" than bitcoins. In my opinion, for a tokenized bitcoin that is on the DeFi Ecosystem(or similar systems) to qualify as bitcoin, it has to be exactly as bitcoin and controlled by the main Bitcoin Network. Whatever happens to the main Bitcoin happens to its copy on DeFi. It's more like replicated Bitcoin controlled by thesame brain. |
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LittleHamster
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October 13, 2020, 10:50:41 PM |
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100% per day Are you seriously? How do yield farming projects make money? Attracting new hamsters. Hamsters buy tokens to participate in the farming of the same or other tokens, but when there are a lot of tokens, their price drops. The price of a token can grow by 100% per day or more, but this is only because of the thirst for new hamsters and their number. These are the same eggs, only when viewed from the other side. This is a common HYIP that has no financial model other than an increase in the value of the token due to the growth of the community. Perhaps I slightly overdid the amount of interest per day. I know how defi projects work. All of them have the form of a financial pyramid, where the profits of previous investors are taken from the investments of new ones. As long as there is a constant flow of new investors, investing in DEFI projects is profitable. As soon as the hype begins to subside, a wave of project bankruptcies will begin. How about if the project's business model is so transparent that you can clearly see it's unsustainable in the long run and will collapse like other HYIPs or ponzi investment schemes? The difference is "investors" in DeFi projects can pull out their money faster than traditional HYIPs.
......
SEC has been issuing some soft warnings that investors needs to tread carefully. We don't know what these regulators are up to yet but I feel like they've been working in the background to take down or heavily regulate yield farming and lending related DeFi projects.
People want to earn as much as possible. Therefore, most often they do not have time to withdraw their money in a timely manner. |
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zasad@ (OP)
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October 15, 2020, 07:49:55 AM |
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Ucy thanks, I misspelled.
LittleHamster Do you know where yield farming came from? This is an interesting and clever decision to distribute project tokens without violating the SEC standards.
It started with the Compound project. Only later did scammers start using yield farming to create scam projects.
yield farming is a very small part of the DEFI ecosystem, which is already losing its relevance.
So why do people mean yield farming, and DEFI projects are called a scam?
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zasad@ (OP)
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October 15, 2020, 09:08:33 AM |
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Ucy thanks, I misspelled.
LittleHamster Do you know where yield farming came from? This is an interesting and clever decision to distribute project tokens without violating the SEC standards.
It started with the Compound project. Only later did scammers start using yield farming to create scam projects.
yield farming is a very small part of the DEFI ecosystem, which is already losing its relevance.
So why do people mean yield farming, and DEFI projects are called a scam?
Latest figures suggest near $2 billions in BTC are locked by DeFi smart contracts. At least those BTC are not in the hand of bots that move the price up and down and have less impact on the market. But the dark side of it they may end up in the wallets of scammers, DeFi is known to be full of them. IMO, one needs carefully select project before locking BTC. I generally don't recommend blocking your bitcoins to get wrapped coins. All serious projects require completion of the "know your client" procedure. Then it's easier to trade on the exchange If you want wrapped bitcoins, they can be bought on uniswap and easily sold there. Read about 2 projects, these are serious companies that store clients' bitcoins. https://wbtc.network/https://renproject.io/ |
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redsun114
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October 19, 2020, 10:58:39 AM |
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You’re very right, most of them are only investing in projects where they are going to be getting thousands of profits in return, and nobody is interested in the good ones because they won’t be able to gain much profit from it. Funny thing is that most of these DeFi projects have dropped in price and majority dropping by more than 60%.
I have not invested much in DeFi except ChainLink. I have been okay with the coins I have invested in, so I didn’t go further to look for any other project or DeFi to invest in, despite that a lot of people kept hyping them and within one month I was seeing huge increase, I was almost going to invest in them but decided to continue with just the ones I have already invested in.
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masterrex
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October 19, 2020, 11:30:02 AM |
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Mate, you can't blame other people by calling Defi projects a scam, Because most of them are indeed a scam, and just riding the hype and popularity of Decentralized Finance or Defi, Only a few Defi projects are legit and we can easily recognize it. But I don't understand why most of the investors are not considering that fact instead they are just ignoring it and continue to speculate on fake Defi projects without any products and use case to show. thats why if the promised profitability is too high you should start to ask yourself if it was achievable and the rest will be your decision.
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dimonstration
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October 19, 2020, 11:39:24 AM |
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Mate, you can't blame other people by calling Defi projects a scam, Because most of them are indeed a scam, and just riding the hype and popularity of Decentralized Finance or Defi, Only a few Defi projects are legit and we can easily recognize it. But I don't understand why most of the investors are not considering that fact instead they are just ignoring it and continue to speculate on fake Defi projects without any products and use case to show. thats why if the promised profitability is too high you should start to ask yourself if it was achievable and the rest will be your decision.
Only few will still be legit in a long run some will be tagged as a scam after they reach some ATH or after they succeed in their campaign. Just like what happen in other ICO project. The only good thing about this hype is that many already learned from ICO hype before and they are now only getting the opportunity to earn even in short term as most of the projects from DeFi can only make us earn in short term as there are too many traders or day traders who plans to sell it once it's approaching to ATH. There will be more to add in op list as defi still have impact to investors mostly traders and more BTC can be added but we always need to consider if there are worth for long or short term investment. |
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tbct_mt2
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October 20, 2020, 12:49:11 AM |
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With the scam hype like DeFi when most of tokens are overvalued from 5 times to 100 times, the figure for how many bitcoin are there in DeFi will have very fast change. It can fall quickly and will be divided by 5 times, 10 times or 50 times very soon.
The figure can not fall quick despite of quick falls of DeFi tokens' price and get support from higher and higher total circulating supplies from those hyper inflated DeFi tokens.
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gwdf1
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October 20, 2020, 08:08:55 PM |
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Ucy thanks, I misspelled.
LittleHamster Do you know where yield farming came from? This is an interesting and clever decision to distribute project tokens without violating the SEC standards.
It started with the Compound project. Only later did scammers start using yield farming to create scam projects.
yield farming is a very small part of the DEFI ecosystem, which is already losing its relevance.
So why do people mean yield farming, and DEFI projects are called a scam?
Latest figures suggest near $2 billions in BTC are locked by DeFi smart contracts. At least those BTC are not in the hand of bots that move the price up and down and have less impact on the market. But the dark side of it they may end up in the wallets of scammers, DeFi is known to be full of them. IMO, one needs carefully select project before locking BTC. I guess, this money will be not lost. Moreover, larger sums will be invested in DeFi in the nearest 2-4 months. DeFi does not only make and raise money but makes it work. This is not a scam. This is a real and huge market, which participants get good profits. |
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H1N1
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October 21, 2020, 03:07:00 AM |
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I see, because you provided the data, then we know DeFi projects are not only using Ethereum (WETH) as their main coin.
The fact that we already know bitcoin circulation in DeFi projects is huge, then most DeFi projects are not scam indeed.
but i think ethereum coin is still exist more than bitcoin in most DeFi projects because people usually trading erc20 tokens and need eth for gas.
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zasad@ (OP)
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November 06, 2020, 12:45:03 PM |
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I see, because you provided the data, then we know DeFi projects are not only using Ethereum (WETH) as their main coin.
The fact that we already know bitcoin circulation in DeFi projects is huge, then most DeFi projects are not scam indeed.
but i think ethereum coin is still exist more than bitcoin in most DeFi projects because people usually trading erc20 tokens and need eth for gas.
I sent a $ 1,000 Bitcoin transaction today. I paid a $ 55 commission. This is why I don't like Bitcoin. I believe that the price of bitcoin will rise, and the owners of the exchanges will be arrested in order to take their bitcoins away from them. If you want to trade Bitcoin, use decentralized exchanges. https://1inch.exchange/#/https://app.uniswap.org/#/swaphttps://coinmarketcap.com/currencies/wrapped-bitcoin/"Not Your Keys, Not Your Money" If you forget about this, then you will be greatly disappointed in the future. https://etherscan.io/gastracker |
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simbastorage
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December 16, 2021, 02:01:57 PM |
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Do those on the list have a license from the regulator for this activity? Or have you specially compiled such a list of those who conduct activities illegally?
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