Where DeFi is headed

[StealthCoin1]

Everyone who knows about DeFi, knows about Unicorn Token, and UniSwap, and probably Compound.

These are Ethereum ERC20 Token Smart Contracts, and there is another half to it, TRON TRC20 Token. The TRC20 is Free to make, and allows you to copy and part your ERC20 Solidity contracts into TronScan with just a few changes like your wallet address. TRON copied UniSwap and made JustSwap.

So, TRON and ETH are the main platforms, and there are currently several places to list your ERC20 Tokens on a DEX manually, but the ERC20 bar to entry is a little higher since it is not Free.

And yesterday, TRON put TRX in the Steemit wallet, so now there is a TRON Link Wallet in your Steemit account.

This means soon Steemit will be a place to not only earn money, but launch a Token. And people may think "doesn't Steem-Engine have Tokens? Aren't there SMTs?".

But I would ask anyone who does not understand this, to look at Bitshares Assets, found on the Cryptofresh Website by Googling Cryptofresh Assets.

Those Cryptofresh Assets were being traded by the Original Steemit Witnesses in 2016.

Bitshares Assets cost about 1 BTC to make, Steem-Engine Tokens require you to use KeyChain, and buy ENG, etc, it is not straightforward for a new person, and neither is ERC20. But TRC10 is.

TRC20 are Free unlike ERC20 (both are the same and Devs can copy each others code)

So now we will likely see hundreds of people launching TRC10s on Steemit, and building TRC20 Smart Contracts which interact with Steemit. TRC20 Steemit rewards Bots, etc.

So now DeFi has a Source of Income, as Steemit is one of the only places a Cryptocurrency is rewarded for real world effort, and is how most normal people understand "earning". So there is now a layer of Finance that wasn't there before.

DeFi now does Social Media.
DeFi will now not just be Discussed on Social Media, but is part of Social Media.

Currently DeFi is for ETH Miners, Maker DAI users, Bitshares groupies, and Bitcoin foundation types. So, really nobody.

Now, we will start seeing regular people, and even people in 3rd World Poverty, able to reach into DeFi.

Mixing Steemit and TRON Link also brings Poloni DEX and JustSwap to Steemit, which is again similar to but better than Steem-Engine. We are about to see a whole new way to look at Cryptocurrency apart from its "Digital Gold" image it currently holds with Bitcoin, and we are about to see everyone start to get involved. And TRON is just doing this first, there will be plenty more.

TRON and STEEM are both not a new Token. Not like UniSwap or JustSwap are each on a chain, these are now 2 Blockchains with different uses, coming together in the Wallet. One of which has dApps that live in the wallet.

All of these just don't make sense to me.

[1715181652]

1715181652

[1715181652]

1715181652

[1715181652]

1715181652

[1715181652]

1715181652

[Tokenista]

Everyone who knows about DeFi, knows about Unicorn Token, and UniSwap, and probably Compound.

These are Ethereum ERC20 Token Smart Contracts, and there is another half to it, TRON TRC20 Token. The TRC20 is Free to make, and allows you to copy and part your ERC20 Solidity contracts into TronScan with just a few changes like your wallet address. TRON copied UniSwap and made JustSwap.

So, TRON and ETH are the main platforms, and there are currently several places to list your ERC20 Tokens on a DEX manually, but the ERC20 bar to entry is a little higher since it is not Free.

And yesterday, TRON put TRX in the Steemit wallet, so now there is a TRON Link Wallet in your Steemit account.

This means soon Steemit will be a place to not only earn money, but launch a Token. And people may think "doesn't Steem-Engine have Tokens? Aren't there SMTs?".

But I would ask anyone who does not understand this, to look at Bitshares Assets, found on the Cryptofresh Website by Googling Cryptofresh Assets.

Those Cryptofresh Assets were being traded by the Original Steemit Witnesses in 2016.

Bitshares Assets cost about 1 BTC to make, Steem-Engine Tokens require you to use KeyChain, and buy ENG, etc, it is not straightforward for a new person, and neither is ERC20. But TRC10 is.

TRC20 are Free unlike ERC20 (both are the same and Devs can copy each others code)

So now we will likely see hundreds of people launching TRC10s on Steemit, and building TRC20 Smart Contracts which interact with Steemit. TRC20 Steemit rewards Bots, etc.

So now DeFi has a Source of Income, as Steemit is one of the only places a Cryptocurrency is rewarded for real world effort, and is how most normal people understand "earning". So there is now a layer of Finance that wasn't there before.

DeFi now does Social Media.
DeFi will now not just be Discussed on Social Media, but is part of Social Media.

Currently DeFi is for ETH Miners, Maker DAI users, Bitshares groupies, and Bitcoin foundation types. So, really nobody.

Now, we will start seeing regular people, and even people in 3rd World Poverty, able to reach into DeFi.

Mixing Steemit and TRON Link also brings Poloni DEX and JustSwap to Steemit, which is again similar to but better than Steem-Engine. We are about to see a whole new way to look at Cryptocurrency apart from its "Digital Gold" image it currently holds with Bitcoin, and we are about to see everyone start to get involved. And TRON is just doing this first, there will be plenty more.

TRON and STEEM are both not a new Token. Not like UniSwap or JustSwap are each on a chain, these are now 2 Blockchains with different uses, coming together in the Wallet. One of which has dApps that live in the wallet.

All of these just don't make sense to me.

So,

Steemit Wallet now has TRON Link, and this combines multiple technology features that were expensive and less UX Friendly than Steemit and TRON Link. And these expensive technologies are both combined, and Free.

TRC20 is completely free.

TRC10 is 1024 TRX

These will be found in Steemit Wallet, so this is not just a big step for TRON, but this is History happening. There may even be purchasable Bots for your Tokens as a package when you create them, or to be made for you. It could compete with Steem-Engine.

Steemit now has a TRON Link Wallet in the wallets, nothing like that has ever happened before.

[cryptoaddictchie]

I've seen that most of the DeFi project doesn't turn out great unfortunately I wasn't able to invest at least to 1 DeFi since I think this could be risky, so where the DeFi headed to? We're not quite sure at all maybe soon we would be able to have something new.

Defi projects a alot of functions and use cases. I like some of them but others are mainly created to do pump and dump. These people are doing a defi hype and this is where they disgrace the real concept of defi projects. If you would look on top defi then you'll be amaze to see that they are so good. Defi has now a mixed sentiment from public some like it and some hate it. But I think defi headed to a more sustainable path.

[Willitivity]

If DeFi doesn't get revamped, then it is headed for doom just like ICOs. DeFi is a major breakout in crypto technology and real world use case but as usual, it has been hijacked by bad projects. First started as a new revolutionary, it didn't take long to evolve to a contest of which projects can offer the biggest apy and profit. Funny thing is that these projects do have less security concerns and take very little time to inspect their defi contracts before deployment. Very soon, people will start avoiding defi projects due to too much losses.

[Cryptoangel01]

DeFi is still more like a failed experiment, 80% of DeFi projects are unreliable, they have weak security and they are more hack friendly, they claim to be decentralized but instead they aren't showing any decentralized motives, the only DeFi projects I trust are not up to five and I choose those DeFi projects because they are more than just DeFi like many new DeFi projects so far, I don't care much about where DeFi is headed, I'm just going to keep picking the good eggs out from the bad eggs, hopeful in future DeFi projects will actually become fully decentralized and more secured

DeFi like all good investments have its good products and there is the terrible ones. Rightfully the "DeFi" masquerading around as the best new type of blockchain Fintech in the last DeFi bull run were empty balloons with only hot air. Many got security breaches, making many newbie investors with greedy eyes for big farming ROI loosing huge amount of monies. It was simple for me, sticking only with the best kind, the kind that have got products, income generating streams and active development (always ongoing) not rug pulls and scammy attempts at "making my own banks" check out Earnbet , not your regular kind of DeFi, only an aspect of it, it's token mining mechanism, like playing games for BET tokens and monthly returns on staked BET, but overall active developments of this project is what a regular DeFi should be.

[tippytoes]

If DeFi doesn't get revamped, then it is headed for doom just like ICOs. DeFi is a major breakout in crypto technology and real world use case but as usual, it has been hijacked by bad projects. First started as a new revolutionary, it didn't take long to evolve to a contest of which projects can offer the biggest apy and profit. Funny thing is that these projects do have less security concerns and take very little time to inspect their defi contracts before deployment. Very soon, people will start avoiding defi projects due to too much losses.

Most of them are heading to their grave very soon. Only few of them have actual use case and can implement their objectives. Because very few have strong team with capability to realize their platform. So look for team that are actually working on their project, not those teams that are working how to manipulate their market. If you can see that their site is in forever beta stage, doubt if they are truly working on their project.

[disconnectme]

DeFi is still more like a failed experiment, 80% of DeFi projects are unreliable, they have weak security and they are more hack friendly, they claim to be decentralized but instead they aren't showing any decentralized motives, the only DeFi projects I trust are not up to five and I choose those DeFi projects because they are more than just DeFi like many new DeFi projects so far, I don't care much about where DeFi is headed, I'm just going to keep picking the good eggs out from the bad eggs, hopeful in future DeFi projects will actually become fully decentralized and more secured

If we have 1% of all DEFI projects become successful then I am very fine with that and this would mean a huge success, there is no way you would expect all these projects to succeed, even in the real world the failure rate of companies after 3 years is like 60%. I think people need to see the positive of DEFI more than the negative. Just look at projects like Uniswap and Aave, if these to projects end up being a huge success they will be value in the range of Bank of America

[Tokenista]

If DeFi doesn't get revamped, then it is headed for doom just like ICOs. DeFi is a major breakout in crypto technology and real world use case but as usual, it has been hijacked by bad projects. First started as a new revolutionary, it didn't take long to evolve to a contest of which projects can offer the biggest apy and profit. Funny thing is that these projects do have less security concerns and take very little time to inspect their defi contracts before deployment. Very soon, people will start avoiding defi projects due to too much losses.

The ICO model was bad to start with. It worked here on Bitcointalk and on Bitsharestalk, like

"Hey guys, everyone has been mining coins but now there are Tokens, send me some Coins, you get some Tokens"

Then from there it was just get it listed, and stop the ICO so people buy on the market.

But when it became:

"Go to Coinbase, Buy coins, Buy my Token, and now you're a Crypto investor"

That opened the door for people to swindle people who had never owned Crypto before, not to say that all projects bringing in real world money are bad, or that Coinbase is a bad way to get Crypto to invest, just that the ICO set in place no Guarantee, even though many were real, many others were scams. A Dividend would resolve that part.

And Loop Mining could also help resolve that, as long as there is a platform at the end where Tokens are spent, like a Market, a Game, or even a Company or Event Venue, etc.

[Tokenista]

I want to explain to everyone what I mean by ROI Ponzi Schemes. They are called High Yeild Investment Programs (HYIP).

Here are 2 examples.

This dApp says 27% ROI per day. Sounds great if you only have $1.00 or $5.00 to invest, and it might even work for a few hundred or few thousand people. Ponzis schemes do work, they just leave people hanging at the end with the last investors never getting anything. That is why they are illegal in the U.S.
https://www.stateofthedapps.com/dapps/tron-profits

The only way the 27% ROI could work is if the person was putting that money into something, and already had money put in and coming out with your new money just being additional.

It could be BTC ATMs, it could be Dev work for a new dApp, and if it is, they are going to offer you more long term packages, maybe 27% in 6 months. But 27% per day in 1 place, just pulling in investors, is what a Ponzi Scheme is. And it works until it is over.


Now, this one is something that can be considered. This is a game where you invest Crypto to earn. As it stands telling you you will earn 127% per day, it is likely a Ponzi scheme, but if they said "This is a game, you may win you may lose money based on time and money invested".

Gambling is a family of games that are built on Jackpots, so a Ponzi, but with the understanding that not everyone is going to get the Jackpot. Like a Lottery.

If this were going to work it would have to say it is a game and you might lose your money. That should be up front.
https://www.stateofthedapps.com/dapps/tronbuilding

But there could be Lotteries, where money is pooled in an ICO type way and the Jackpot is won by 1 or a few people.

Then there could be Raffles, where Prizes exist and Tokens are given ID numbers or numbers are assigned another way, and those Raffle prizes are given out.

[bittick]

I really think that there gonna be some kind of evolution from Defi to form a better version of Defi like how IEO provides better "ICO".
Defi right now is a train wreck and hackers' gold mine. The security is just weak enough for many exploits to happen. Therefore, we need the better version of defi with enhanced security but I wonder what's that gonna be.
It seems Defi craze has died down aswell, if the hacking goes on defi gonna be dissappear very soon. This whole defi just not viable option at this point.

[Tokenista]

This shows a good example in the DeFi Ecosystem of a way you can make big returns.



This is the STEEM Backed Dollars market. SBD are pegged at $1 each and when SBD are $4.00 like they are now, or $12.00 as they have been, the Blockchain puts out more, it inflates them to lower the price. But if more SBD buyers exist than the system can push out on the market, or everyone holds their SBD, and people are willing to pay $4.00 for a $1.00 uncapped inflationary currency, it will go up.

And if you bought SBD at $1.00 or less, to have made 4x your money back or more, in the past month or so.

And some people will buy SBD for $4.00 and end up having $1.00 coins. So some people will lose money, but that is the nature of the market, it is growth based, but you are not being paid out by the next 5 people putting money in, you are holding a peice of something that you are buying and selling when you choose.

So there are ways to make large returns in DeFi.

[optimisticcm]

Initially everyone was overrating defi when we saw huge trading costs at uniswap and it was really annoying to see because defi was a new thing and every good thing takes time to build, even now we can see so many defi based projects being hacked and funds stolen just because of lack of infrastructure but once we see proper solutions built around defi we will see defi growing really big.

[bttmember]

There is a lot of improvements, products, services and platforms still developing under the defi umbrella.
The most important thing for defi to move forward and bring adoption is security and there should not be any kind of loopholes for any hacker to exploit so i am hopeful with all the developments defi will be heading towards the right path next year.

[guvy]

DeFi is still more like a failed experiment, 80% of DeFi projects are unreliable, they have weak security and they are more hack friendly, they claim to be decentralized but instead they aren't showing any decentralized motives, the only DeFi projects I trust are not up to five and I choose those DeFi projects because they are more than just DeFi like many new DeFi projects so far, I don't care much about where DeFi is headed, I'm just going to keep picking the good eggs out from the bad eggs, hopeful in future DeFi projects will actually become fully decentralized and more secured

DeFi is not a failed experiment imo. The truth is, DeFi’s the bandwagon right now because of the incredible returns on investment it has so far provided. But many of these are projects that generally have full decision-making powers belonging to developers. Some may not even have completely open-source coding and smart contracts. Others may not even all be fully non-custodial in wallet management. So all together, yes still in an early stage but will definitely change our financial industry.

[Tokenista]

This is from FranklinPapers.org and was written by Benjamin Franklin, the one on the $100 Bill

"Sect. I. Of Liberty and Necessity.

I. There is said to be a First Mover,who is called God, Maker of the Universe.

II. He is said to be all-wise, all-good, all powerful.

These two Propositions being allow’d and asserted by People of almost every Sect and Opinion; I have here suppos’d them granted, and laid them down as the Foundation of my Argument; What follows then, being a Chain of Consequences truly drawn from them, will stand or fall as they are true or false.

III. If He is all-good, whatsoever He doth must be good.

IV. If He is all-wise, whatsoever He doth must be wise.

The Truth of these Propositions, with relation to the two first, I think may be justly call’d evident; since, either that infinite Goodness will act what is ill, or infinite Wisdom what is not wise, is too glaring a Contradiction not to be perceiv’d by any Man of common Sense, and deny’d as soon as understood.

V. If He is all-powerful, there can be nothing either existing or acting in the Universe against or without his Consent; and what He consents to must be good, because He is good; thereforeEvil doth not exist.

Unde Malum? has been long a Question, and many of the Learned have perplex’d themselves and Readers to little Purpose in Answer to it. That there are both Things and Actions to which we give the Name of Evil, is not here deny’d, as Pain, Sickness, Want, Theft, Murder, &c. but that these and the like are not in reality Evils, Ills, or Defects in the Order of the Universe, is demonstrated in the next Section, as well as by this and the following Proposition. Indeed, to suppose any Thing to exist or be done, contrary to the Will of the Almighty, is to suppose him not almighty; or that Something (the Cause of Evil) is more mighty than the Almighty; an Inconsistence that I think no One will defend: And to deny any Thing or Action, which he consents to the existence of, to be good, is entirely to destroy his two Attributes of Wisdom and Goodness.

There is nothing done in the Universe, say the Philosophers, butwhat God either does, or permits to be done. This, as He is Almighty, is certainly true: But what need of this Distinction between doing andpermitting? Why, first they take it for granted that many Things in the Universe exist in such a Manner as is not for the best, and that many Actions are done which ought not to be done, or would be better undone; these Things or Actions they cannot ascribe to God as His, because they have already attributed to Him infinite Wisdom and Goodness; Here then is the Use of the Word Permit; He permitsthem to be done, say they. But we will reason thus: If God permits an Action to be done, it is because he wants either Power or Inclination to hinder it; in saying he wants Power, we deny Him to be almighty; and if we say He wants Inclination or Will, it must be, either because He is not Good, or the Action is not evil, (for all Evil is contrary to the Essence of infinite Goodness.) The former is inconsistent with his before-given Attribute of Goodness, therefore the latter must be true.

It will be said, perhaps, that God permits evil Actions to be done, for wise Ends and Purposes. But this Objection destroys itself; for whatever an infinitely good God hath wise Ends in suffering to be, must be good, is thereby made good, and cannot be otherwise.

VI. If a Creature is made by God, it must depend upon God, and receive all its Power from Him; with which Power the Creature can do nothing contrary to the Will of God, because God is Almighty; what is not contrary to His Will, must be agreeable to it; what is agreeable to it, must be good, because He is Good; therefore a Creature can donothing but what is good.

This Proposition is much to the same Purpose with the former, but more particular; and its Conclusion is as just and evident. Tho’ a Creature may do many Actions which by his Fellow Creatures will be nam’d Evil,and which will naturally and necessarily cause or bring upon the Doer, certain Pains (which will likewise be call’d Punishments;) yet this Proposition proves, that he cannot act what will be in itself really Ill, or displeasing to God. And that the painful Consequences of his evil Actions (so call’d) are not, as indeed they ought not to be, Punishments or Unhappinesses, will be shewn hereafter.

Nevertheless, the late learned Author of The Religion of Nature,(which I send you herewith) has given us a Rule or Scheme, whereby to discover which of our Actions ought to be esteem’d and denominated good,and which evil: It is in short this, “Every Action which is done according to Truth, is good; and every Action contrary to Truth, is evil: To act according to Truth is to use and esteem every Thing as what it is, &c. Thus if Asteals a Horse from B, and rides away upon him, he uses him not as what he is in Truth, viz. the Property of another, but as his own, which is contrary to Truth, and therefore evil.” But, as this Gentleman himself says, (Sect. I. Prop. VI.) “In order to judge rightly what any Thing is, it must be consider’d, not only what it is in one Respect, but also what it may be in any other Respect; and the whole Description of the Thing ought to be taken in:” So in this Case it ought to be consider’d, that A is naturally acovetous Being, feeling an Uneasiness in the want of B’s Horse, which produces an Inclination for stealing him, stronger than his Fear of Punishment for so doing. This is Truthlikewise, and A acts according to it when he steals the Horse. Besides, if it is prov’d to be a Truth, that A has not Power over his own Actions, it will be indisputable that he acts according to Truth, and impossible he should do otherwise.

I would not be understood by this to encourage or defend Theft; ’tis only for the sake of the Argument, and will certainly have no ill Effect. The Order and Course of Things will not be affected by Reasoning of this Kind; and ’tis as just and necessary, and as much according to Truth, for B to dislike and punish the Theft of his Horse, as it is for A to steal him.

VII. If the Creature is thus limited in his Actions, being able to do only such Things as God would have him to do, and not being able to refuse doing what God would have done; then he can have no such Thing as Liberty, Free-will or Power to do or refrain an Action.

By Liberty is sometimes understood the Absence of Opposition; and in this Sense, indeed, all our Actions may be said to be the Effects of our Liberty:But it is a Liberty of the same Nature with the Fall of a heavy Body to the Ground; it has Liberty to fall, that is, it meets with nothing to hinder its Fall, but at the same Time it is necessitated to fall, and has no Power or Liberty to remain suspended.

But let us take the Argument in another View, and suppose ourselves to be, in the common sense of the Word, Free Agents. As Man is a Part of this great Machine, the Universe, his regular Acting is requisite to the regular moving of the whole. Among the many Things which lie before him to be done, he may, as he is at Libertyand his Choice influenc’d by nothing, (for so it must be, or he is not at Liberty) chuse any one, and refuse the rest. Now there is every Moment something best to be done, which is alone then good, and with respect to which, every Thing else is at that Time evil. In order to know which is best to be done, and which not, it is requisite that we should have at one View all the intricate Consequences of every Action with respect to the general Order and Scheme of the Universe, both present and future; but they are innumerable and incomprehensible by any Thing but Omnis-cience. As we cannot know these, we have but as one Chance to ten thousand, to hit on the right Action; we should then be perpetually blundering about in the Dark, and putting the Scheme in Disorder; for every wrong Action of a Part, is a Defect or Blemish in the Order of the Whole. Is it not necessary then, that our Actions should be over-rul’d and govern’d by an all-wise Providence? How exact and regular is every Thing in the natural World! How wisely in every Part contriv’d! We cannot here find the least Defect! Those who have study’d the mere animal and vegetable Creation, demonstrate that nothing can be more harmonious and beautiful! All the heavenly Bodies, the Stars and Planets, are regulated with the utmost Wisdom! And can we suppose less Care to be taken in the Order of the moralthan in the natural System? It is as if an ingenious Artificer, having fram’d a curious Machine or Clock, and put its many intricate Wheels and Powers in such a Dependance on one another, that the whole might move in the most exact Order and Regularity, had nevertheless plac’d in it several other Wheels endu’d with an independent Self-Motion, but ignorant of the general Interest of the Clock; and these would every now and then be moving wrong, disordering the true Movement, and making continual Work for the Mender; which might better be prevented, by depriving them of that Power of Self-Motion, and placing them in a Dependance on the regular Part of the Clock.

VIII. If there is no such Thing as Free-Will in Creatures, there can be neither Merit nor Demerit in Creatures.

IX. And therefore every Creature must be equally esteem’d by the Creator.

These Propositions appear to be the necessary Consequences of the former. And certainly no Reason can be given, why the Creator should prefer in his Esteem one Part of His Works to another, if with equal Wisdom and Goodness he design’d and created them all, since all Ill or Defect, as contrary to his Nature, is excluded by his Power. We will sum up the Argument thus, When the Creator first design’d the Universe, either it was His Will and Intention that all Things should exist and be in the Manner they are at this Time; or it was his Will they should be otherwise i.e. in a different Manner: To say it was His Will Things should be otherwise than they are, is to say Somewhat hath contradicted His Will, and broken His Measures, which is impossible because inconsistent with his Power; therefore we must allow that all Things exist now in a Manner agreeable to His Will, and in consequence of that are all equally Good, and therefore equally esteemed by Him.

I proceed now to shew, that as all the Works of the Creator are equally esteem’d by Him, so they are, as in Justice they ought to be, equally us’d."

[Tokenista]

DeFi is still more like a failed experiment, 80% of DeFi projects are unreliable, they have weak security and they are more hack friendly, they claim to be decentralized but instead they aren't showing any decentralized motives, the only DeFi projects I trust are not up to five and I choose those DeFi projects because they are more than just DeFi like many new DeFi projects so far, I don't care much about where DeFi is headed, I'm just going to keep picking the good eggs out from the bad eggs, hopeful in future DeFi projects will actually become fully decentralized and more secured

DeFi is not a failed experiment imo. The truth is, DeFi’s the bandwagon right now because of the incredible returns on investment it has so far provided. But many of these are projects that generally have full decision-making powers belonging to developers. Some may not even have completely open-source coding and smart contracts. Others may not even all be fully non-custodial in wallet management. So all together, yes still in an early stage but will definitely change our financial industry.

Steemit is probably going to end up being the key to DeFi, if Steemit ends up being TRON Linked to Poloni DEX and JustSwap in the wallet, that is something we have never seen, as Steemit itself is the first mass adopted Social Media Crypto platform.

Then TRON is ETH, so it is combining Graphene based Social Media with an ETH based platform. With Tokens and an exchange between the 2, but in the same place. With STEEM and TRX earnings in the wallet. Even if TRON themselves don't add the exchange, someone will make one, they will have TRC10/20 Tokens sitting in their wallet.

This is something pretty much anyone can earn good money from.

[Tokenista]

Something that should be mentioned, right now if I want to send a Bitcoin or an ETH somewhere, it costs like $2.00+, this is due to Transaction fees used to pay miners to want to mine your block, the more fees you pay the faster your transaction goes through, it can take 1 hr or more for a Bitcoin to go from 1 wallet to another.

So there is an entire market for what are called Micropayments.

Micropayments are if I want to send $1 or less, or even $10 or so. It is not really efficient to send $10.00 payments with fees at $2.00 or more.

So there is an entire industry for Micropayments, and TRC10/20 Tokens definitely fulfill this. You get about 5000 free Bandwidth per day in your wallet, and can send any amount of a Token to another wallet for about 280 Bandwidth. So you can easily send several people small payments in 1 day if you needed, or accept small payments from them. All within the TRON wallet, then for liquid trade on the TRON Link exchanges.

There have been entire currencies with the singular purpose of being a Micropayment Blockchain, and TRON Tokens have it built in. And the Tokens move to the other wallet just about instantly.

[Eco_111]

If there is no hacks happening around DeFi projects it would have been more better, there are many scam DeFi projects for sure but those that aren't scam DeFi are getting hacked, this isn't giving someone like me the full confidence to trust DeFi projects, the fear of scam or hack is so alarming, the hack is running decentralized in our faces, what a big shame indeed

[amishmanish]

DeFi will head somewhere when the nexus between scam devs and toxic twitter shillers will break. Till then, it is just a bunch of HYIP schemes where you will lose money if you are not within the first 50 or 100 people depending on the size of the project.
Very few of these are actually trying to build value. While looking through some of these experiments, it also becomes doubtful whether there is any scope for creating value or not. Much of the "stablecoin" and "lending-borrowing" market is saturated. Both of these are under the threat of regulation right now. The current run of DeFi had a lot to do with anonymous hodlers of insane amounts of BTC and ETH (Those we call whales), looking to just have some fun after a long year of depressed sentiment. Its just a game for them while for the newbies, its real money they put in.

[cryptworld]

Another huge step for DEFI is the solutions on the L2 layer. Uniswap is working on it. It will significantly low costs for fees.