Where DeFi is headed

[BOAEDAN]

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

Of course the transaction costs will be cheaper because now I think ethereum has improved its platform by launching ethereum 2.0 so that it can provide a lot of profit for those who use the ethereum smart contract network to have smooth and cheap transactions.

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[pandanaran]

Defi is still new, so in my opinion about 50% Defi is still not perfect. Defi most often prioritizes DEX platforms with high liquidity such as currently Uniswap. most of the Defi projects launched their projects on the uniswap platform. but I'm interested to hear of more new Defi scams.

[Tokenista]

So, XRP, Ripple has been around since pretty much the first Altcoins existed, I have always seen it and never got involved because my Grandpa said people used to drink a cheap wine called Ripple, and it reminded me of MD20/20 which is like a cheap strong nasty wine at the gas station we drank in highschool. So I never looked into Ripple the currency to my memory.

But as I said before there was a kind of stock trading and dividends type thing on the early Vircurex traded currencies, and that might have been Ripple. I just read about Ripple and it seems that it might be the kind of stock type thing that could be utilized or altered and copied.

https://xrpl.org/issued-currencies-overview.html

https://xrpl.org/issued-currencies.html

https://en.m.wikipedia.org/wiki/Ripple_(payment_protocol)

https://www.fxempire.com/education/article/the-separation-of-ripple-and-xrp-why-it-happened-what-does-it-mean-and-what-are-the-differences-516096

[Chuky92]

On one hand, this might look like a tough question while on the other, it looks like a question with a straightforward answer. Let me explain, first there are still people who believes Defi is much around and still have something good to bring in, and this is the reason why most upcoming DeFi projects are still having good token sale. While on the other, there are people who believes it is over with DeFi because of the hacks and the current nature of most of them.
But in my own opinion, I think DeFi is coming to a halt, because the growth that is used to be witnessed is no longer there, hackers are also hacking them and most upcoming projects have no good use case. Also for those that have been proven to be good, the will only but keep growing.

[bearexin]

DeFi is still new in the cryptocurrencyenvironment, and as they are still starting a lot of don’t really trust them because of how most of them have failed. But I believe that there are still good projects that will change people’s perspective on the way DeFi works.

There will always be fake projects everywhere, it’s very normal, and at first these bad projects are going to cause a lot of people to lose interest and focus, it’s left for the good ones among them to work very hard and fix what has been ruined by the bad eggs. There are few DeFi coins that I like, I don’t really diversify too much, one or few are enough.

[Dollar_Hunter]

Defi is still new, so in my opinion about 50% Defi is still not perfect. Defi most often prioritizes DEX platforms with high liquidity such as currently Uniswap. most of the Defi projects launched their projects on the uniswap platform. but I'm interested to hear of more new Defi scams.

DEfi is not something new, DeFi has been widely used at ethereum launch,
Tron launch, and several other platforms, but the hype is made this year,
of course DeFi will be an interesting program forever.

[MCobian]

Actually, DeFi's goal is good by providing freedom, low transaction fees, providing better privacy, immutable and easy transactions.
Therefore, DeFi projects are in high demand immediately and there is hype this year, because DeFi provides something that CEFI
cannot give to investors. But unfortunately many scammers are taking advantage of DeFi's popularity to commit fraud. So now a lot of
DeFi has sprung up that don't have a clear purpose, so always do your research before choosing to invest in DeFi projects.

[AmoreJaz]

Actually, DeFi's goal is good by providing freedom, low transaction fees, providing better privacy, immutable and easy transactions.
Therefore, DeFi projects are in high demand immediately and there is hype this year, because DeFi provides something that CEFI
cannot give to investors. But unfortunately many scammers are taking advantage of DeFi's popularity to commit fraud. So now a lot of
DeFi has sprung up that don't have a clear purpose, so always do your research before choosing to invest in DeFi projects.

exactly! the goal of defi is great but it is now shrouded with too much hype and scammers. look at some of the authentic defi projects like chainlink or aave. they have actual developments going on. and we know that they are building this platform according to their mission.
very soon, we will know which ones will survive in this hype. because about 90% of them will go down the drain because their respective "devs" will abandon them once they got their money.

[Tokenista]

Steemit is really about to change DeFi, anyone with doubts about DeFi just put anything you would spend on DeFi on STEEM and set your account on Autopilot and make a TRON Token in a few months.

[InwardContour]

Actually, DeFi's goal is good by providing freedom, low transaction fees, providing better privacy, immutable and easy transactions.
Therefore, DeFi projects are in high demand immediately and there is hype this year, because DeFi provides something that CEFI
cannot give to investors. But unfortunately many scammers are taking advantage of DeFi's popularity to commit fraud. So now a lot of
DeFi has sprung up that don't have a clear purpose, so always do your research before choosing to invest in DeFi projects.

It's true that DEFI has made transactions easy, upholds user privacy, and transactions are swifter, but for now the transaction fee is not low like you mentioned. For instance uniswap transaction fees are still a lil bit high, even though we hope that fees will decline in future. On a general scale DEFI has impacted the crypto space positively and I do not see the trend like a bubble that will burst soon. There are still some lags in DEFI especially in security aspect, since platforms providing flash loans, staking have been hacked on several occasions.

[Kelvinid]

Actually, DeFi's goal is good by providing freedom, low transaction fees, providing better privacy, immutable and easy transactions.
Therefore, DeFi projects are in high demand immediately and there is hype this year, because DeFi provides something that CEFI
cannot give to investors. But unfortunately many scammers are taking advantage of DeFi's popularity to commit fraud. So now a lot of
DeFi has sprung up that don't have a clear purpose, so always do your research before choosing to invest in DeFi projects.

exactly! the goal of defi is great but it is now shrouded with too much hype and scammers. look at some of the authentic defi projects like chainlink or aave. they have actual developments going on. and we know that they are building this platform according to their mission.
very soon, we will know which ones will survive in this hype. because about 90% of them will go down the drain because their respective "devs" will abandon them once they got their money.

Almost everything has been ruined by these scammers and greedy individuals. I believe as well that their intention is good but somehow, some opportunist scammers did make things differently and help to end DeFi projects in a short time. And with this scenario, I'm worried that the incoming projects will not easily attract market investors but for sure, they are full of doubts as they once been losing a lot from DeFi projects.

[Lantind]

Steemit is really about to change DeFi, anyone with doubts about DeFi just put anything you would spend on DeFi on STEEM and set your account on Autopilot and make a TRON Token in a few months.

Have you ever tried this? if you have, how much profit have you got and what is the first cost that must be paid when someone wants to try it? please explain more about this if this is the best thing to do.

[zaim7413]

DEfi is not something new, DeFi has been widely used at ethereum launch,
Tron launch, and several other platforms, but the hype is made this year,
of course DeFi will be an interesting program forever.

Yes, hopefully it can be an interesting program forever on DeFi, only I see a lot of project developers very easily use the name DeFi but they don't apply the real DeFi system in new projects, this is what makes DeFi sometimes seen from a different side not good.

[slaman29]

It's true that DEFI has made transactions easy, upholds user privacy, and transactions are swifter, but for now the transaction fee is not low like you mentioned. For instance uniswap transaction fees are still a lil bit high, even though we hope that fees will decline in future. On a general scale DEFI has impacted the crypto space positively and I do not see the trend like a bubble that will burst soon. There are still some lags in DEFI especially in security aspect, since platforms providing flash loans, staking have been hacked on several occasions.

Are you kidding me? Easy, private and fast is already crypto.

Uniswap makes it less private (everyone can see your coins going there, slower and more expensive if not using layer 2, as you point out.

And definitely not easy! People been losing coins to scams cause they can't even read smart contracts there:)

[magnum cyber]

DEfi is not something new, DeFi has been widely used at ethereum launch,
Tron launch, and several other platforms, but the hype is made this year,
of course DeFi will be an interesting program forever.

Yes, hopefully it can be an interesting program forever on DeFi, only I see a lot of project developers very easily use the name DeFi but they don't apply the real DeFi system in new projects, this is what makes DeFi sometimes seen from a different side not good.

Although the concept of DEFI has positive value for the crytoqurrency industry,but the problem is that most of the current project scams are Defi based. This is an important point that you need to understand why someone loses a lot of money because of Defi, loses trust after the fraud occurs and I hope the defi hype will end soon.

[best123]

DeFi concept is not a bad idea. It is that some rug used to mess people you, which i am one of the victims. I still like some Defi project till date. Decentralized Finance is a nice idea to me as a financial student.

[mnporter2001]

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.

But there's no denying we still make money on early hype projects. There are even investors who know that the Defi project will be scam soon but they still invest and sell early when it is listed on Uniswap, this is how the majority of current speculators are making money.

Actually, we also do not need to be too strict in the fact that new projects must be of high quality. As you know, our Crypto market just needs a few big names such as Polkadot, Compound, Injective Protocol to serve the needs of investors.

[Tokenista]

Steemit is really about to change DeFi, anyone with doubts about DeFi just put anything you would spend on DeFi on STEEM and set your account on Autopilot and make a TRON Token in a few months.

Have you ever tried this? if you have, how much profit have you got and what is the first cost that must be paid when someone wants to try it? please explain more about this if this is the best thing to do.

This just started.

I would suggest, first join Steemit if you haven't, Join HIVE, Join BLURT. If you had a Steemit account in March, you also have accounts there with the same username and password, with the same balance you had in STEEM, but in HIVE and BLURT.

So do that.

Then fund your Steemit account, Automate it with SteemAuto and follow Curation trails, etc. If you have no money Join the Minnow Support Program.

Then create a TRC10 Token, announce it on Steemit.

Use 3 STEEM to create a Steemit Community for your Token.

Then from there you can start finding other things to invest in, stake TRX, etc.

[TofuDefi]

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.

ERC20 is not only more expensive to create, but also much more expensive to use and there is no way for token owner to pay fees for its users which is possible in TRON.

[Tokenista]

So, at some point in the past Steemit had an issue where most people could not earn enough to mean anything. So they created a Protocol on the Blockchain by which Smart Contracta could be made, like ERC20 Type Tokens.
https://chainbulletin.com/steemit-releases-token-launching-protocol/

https://youtu.be/w3acqauTdhc

These Tokens are currently one of the best options for a company with little to no resources to create their own Cryptocurrency, and growing it by building a community on Steemit. ERC20 Tokens are more complicated because they are not as liquid upon creation, require some coding knowledge, require Ethereum Wallets which themselves are a barrier to entry for the non-tech savvy, and are not connected to a Social Media Crypto earning platform.

Ethereum dApps are for Ethereum Miners to use, others coming in are extra really, there are others but they are Buying gas power and learning Ethereum. Graphene SMTs are on Steemit, a much better GUI model.

If you have skill as a Programmer and want to Upgrade BLURT, these are the Steemit git Repos for Smart Media Tokens (SMT) which are now most well known from Steem-Engine/Hive-Engine Tokens made by Aggroed, DTube and APPICS (Scot Bots). If you were to implement any of this, you could then announce it on BLURT and both earn BLURT and Trade Tokens for BLURT. You could be the BLURT Aggroed:

https://github.com/thilobillerbeck/awesome-steem

https://github.com/harpagon210/steemsmartcontracts

https://github.com/harpagon210/ssc_tokens_history

https://github.com/holgern/steem-scot

https://github.com/ledgerconnect/steemconnect

https://github.com/selmi-karim/steemitgram

https://github.com/steemit/smt-whitepaper

https://github.com/mukai154/webblen-io

If anyone wants to help Build the Future, I added a question on Quora regarding creating Smart Media Tokens (SMTs) from github meant for Steemit, by forking them to BLURT
https://www.quora.com/unanswered/How-do-you-Build-Smart-Media-Token-gits-on-BLURT-a-Graphene-OpenLedger-Bitshares-Steemit-based-Blockchain

I am sure someone will accomplish the task of creating SMTs on BLURT at some point, and earn themselves plenty of money. But if the process could be explained on Quora, or at least discussed, then people will have a good starting point for Future Graphene Token Projects.

I will continue to add more and more information to BLURT discussions so that there is even more that can be achieved by the community.

Because when you go on Google and search "BLURT" and just keep scrolling and reading, for hours and hours, this is what you will find, and this is what you were looking for. I am putting together information to create the Future, by letting other people find it all in 1 place.

I want to explain to everyone how the Scot Bot economic model works, and how you can compare various existing DTube clones and other implementations to see how it works.

So first, Steemit Scot Bots are built on the Steemit Smart Media Token (SMT) Framework, a popular example would be APPICS. A Scot Bot is a Smart Media Token with STO Staking capability, meaning people can stake, and then a Bot that reads all the Data from Steemit, and uses it in a Token Wallet. Nothing changes about your experience, you just continue using Steemit, you just post in the APPICS group, use their tags, and use the Steem-Engine Wallet to view your extra gains.

DTube is another popular version, it is like YouTube, but you earn DTube Tokens using the Scot Bot Model.

If you then look at the Marijuana ones, like Weedcash, it seems like there is no one telling anyone to Buy them. There is the basic STEEM based incentive to Buy to raise your Vote weight, but no one is saying "Use your Hive to Buy Weedcash, then just sell Weedcash earnings". They have a solid base, but there is no building being done.

To better understand it all, it is better to understand PoS, the first was PeerCoin, then came coins that used Stake to Hash Equations to find Cancer Cures, and AIDS treatments. PoS is where all the mining is done in your wallet, and your mining power is based on your holding of the currency, the more you have the more you mine.

This works best when it is like interest.

All Cryptocurrency, and Fiat, Inflates, Bitcoin has new Blocks and Miners are rewarded, PoS and PoW are not vastly different, but PoS, just like PoW, must be distributed well.

If 5 people mined Bitcoin, and only let the rest of us mine 5%, no one would want that 5%, it would not be the biggest Crypto.

Your PoS must be well distributed.

It also is best to have low Block rewards, 4%-15% per year is best. And it can work extremely well with massive growth as the currency goes up, and maybe 4% of a $0.02 coin you got lots of is now $4,000 since you got it cheap.

Steemit, Hive and BLURT are PoS, and they are Social Media sites, this means you can earn it and not ever hear ththe terms "Proof of Work" or "Proof of Stake".

And Steem-Engine, Scot Bots, are built on that. So people can invest STEEM, which they earn by Proof of Brain, and invest those with others, to then create value, and earn even more.

Dark Energy Crystals (DEC) are a Steem-Engine Token made by the Steem-Engine creator Aggroed, the Token is used in the game Splinterlands. DEC are listed on exchanges outside Steem-Engine, so they are traded just like DOGE, or LTC, or ETG, or ERC20 Tokens.

This adds a whole new layer of finance, DTube did this also, many Scot Bot Tokens are listed on outside exchanges. Which brings value and expansion.