Is DeFi Dead?

[VoskCoin]

Decentralized Finance made some crypto investors millionaires, but is DeFi dead now? Uniswap liquidity has been falling and DeFi rug pull scams worth millions of dollars keep adding up. Let's review DeFi!
Subscribe to VoskCoin - http://voskco.in/Sub

Eclipseum the new DeFi token ECL! http://voskco.in/ecl20

https://www.youtube.com/watch?v=McLZLli3NQg


Whether you wanted to or not, you heard about DeFi and decentralized finance in cryptocurrency this year. DeFi has largely revolved around Ethereum, but some other projects with a lot of money are still trying to break into DeFi like Binance and their Binance Smart Chain, and Tron, and even Cardano ADA are funding new DeFi projects to build on their blockchain! However despite all of this the most popular decentralized exchange, ever, has lost a ton of liquidity, and in DeFi and DEXs liquidity largely implies success and real usability. Are the anonymous developer DeFi rug pull scams that are still running rampent the cause of the death of DeFi or is DeFi simply going to evolve, and remain a leader in the Bitcoin Ethereum Crypto space?? Let's review DeFi and if DeFi is still profitable!

Links!
Uniswap the biggest and best decentralized exchange - http://voskco.in/uniswap
Gitcoin grants funding thousands for DeFi - http://voskco.in/git0x
Compound and Uniswap exploring grants to build DeFi - http://voskco.in/2hvR
Uniswap liquidity plunges without UNI pools - http://voskco.in/POJU
DeFi is coming to Cardano ADA - http://voskco.in/ada9
Compound Finance is incredibly NOT profitable lol - http://voskco.in/comp0x
Monitor Ethereum transactions fees TX fees - http://voskco.in/ethtx
whiff dai or YFDAI here's the VoskCoin YFDAI review - https://www.youtube.com/watch?v=Wmbv4Vb1t1I

⏰ Timestamps ⏰
00:00 - 01:20 Is DeFi DEAD?
01:21 - 02:00 Headlines regarding DeFi's death
02:01 - 03:05 What do the numbers say?
03:06 - 03:58 Has the bubble popped?
03:59 - 05:50 Current state of the DeFi market & liquidity pools
05:51 - 06:56 Earning crypto on Compound & Crypto.com
06:57 - 08:30 YFDAI's crazy growth
08:31 - 09:14 Eclipseum showcase
09:15 - 12:15 Grants & expansion into the DeFi space
12:16 - 12:40 VoskCoin Grant updates
12:41 - 13:23 Balancing support & producing content
13:24 - 14:41 Final Verdict - Is DeFi really dead?

VoskCoinTalk the VoskCoin forum - http://voskco.in/forum
VoskCoin Facebook - https://www.facebook.com/VoskCoin/
VoskCoin Reddit - https://www.reddit.com/r/voskcoin/
VoskCoin Discord Server Invite - http://voskco.in/discord
VoskCoin Twitter - https://twitter.com/VoskCoin
VoskCoin Instagram - https://www.instagram.com/voskcoin/

No ref links or affiliate links in here bitcointalk mods

VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.

[cryptonx]

no, defi isn't dead
because The DeFi crypto market cap is $17.78B, and over the last day the marketcap is increasing about 7.34% thats mean defi is not dead
check the detail here https://coinmarketcap.com/defi

[takngantuk]

no, because until today the trading volume of all Defi projects is still quite large. maybe lately there have been many problems with Defi, many Defi projects have been hacked and have suffered losses. but see today people still have hope in Defi. so I thought Defi would never die.

[Cherylstar86]

no, because until today the trading volume of all Defi projects is still quite large. maybe lately there have been many problems with Defi, many Defi projects have been hacked and have suffered losses. but see today people still have hope in Defi. so I thought Defi would never die.

Unpredictable market will have no given signs that we should leave or pursue our aims in trading. With Defi projects don't give up and let's continue to reach that goals that we're looking forward. One day everything will have profit, but it needs a lot of patience before everything will be gone normal for every finances that we've been struggling through.

[leea-1334]

I always had a poor view of DeFi and that has never changed,,, in fact only worsened with all the rugpulls as you point out. But like ICOs,,, they will not die instantly they can only take off higher with more people coming in. This will last many months more.

P.S. Doge Dad, I actually only read that now even though I have seen your other threads. May I ask why you open so many threads? Why not just one single thread and update it every now and then when you have this new issue?

[nomenclatur]

Not yet, the Defi project is still active but only a few are able to hold the price of the Defi project. The average current price of the Defi project is falling and it makes investors disappointed because the price drops so fast and there are also some Defi projects that make the price low when listing on the exchange it made the price even lower than the initial selling price, which made the Defi project less attractive for now.

[ololajulo]

The correction could be bring lasting solution to some challenges in Defi,more people are beginning to to look into Defi but in a careful way. Improved DEX are coming out with intent of low transaction fee, better DEX interface, Simpler transaction process, better loaning and interest, better Farming and security. If this level is found, confidence of traders and investors will bring a reliable Defi community

[aemma]

Well, I don't think DeFi is dead because of two reasons; first there are still upcoming DeFi projects every day where some are good enough to reach their aim in public sale and secondly, there are still Defi projects which are working till date with good volume and marketcap. However, when looking at the status of Defi projects before and currently, there is a lot of differences which one might look at and think that DeFi is dead; first is, a good number of DeFi projects have been hacked and many exited scam, secondly the DeFi hype has fallen a whole lot wherein most upcoming projects are now see for what they are, that is, projects with little or no use case.
Hence my own opinion is, Defi is still around, not dead and many will still come up, hence before investing try and study them to know if they are worthwhile.

[Beparanf]

The correction could be bring lasting solution to some challenges in Defi,more people are beginning to to look into Defi but in a careful way. Improved DEX are coming out with intent of low transaction fee, better DEX interface, Simpler transaction process, better loaning and interest, better Farming and security. If this level is found, confidence of traders and investors will bring a reliable Defi community

This is not correction. Many DeFi project turns to scam which results to fear. Many investors already lose tons of money on this kind of pump and dump scheme. This is same scenario to 2017 ICO madness that suddenly died after scammer enter the same boat and destroy the crypto Community by creating fear using scam ICO.

Lots of DeFi project is just a copy cat of each other like yield farming and elastic supply concept. Only few DeFi project might survive but the majority of the existing DeFi project will surely die on this market collapse.

[el kaka22]

Vosk is doing great thanks to youtube money but sometimes I feel like he creates topic names or video names more likely, just to get attention. I understand that he needs to be watched and viewed and that is why he does this, but the reality is that we should not really look for getting more and more views just with clickbait titles.

Look at defi world right now for example, it is as lively as it gets and it is making as much profit as you could hope for, with the defi systems giving people staking or other methods of passive income as well I do not think that people will stop investing into it, I get that it may look that way to some people because the huge hype is gone but we are at a sustainable level where it is still quite very valuable and profiting a lot of people.

[tabas]

About to be. Some of them are already having their exit plan executed by making it look that they've been hacked or some bugs run through their platform and withdraw the fund out of their economy.
Soon and very soon, most of them are to be gone and there will be those strong and relative Defis that will stay. It's the same as other altcoins that have remained tough and yet, many of them have been forgotten.

[JumangiMan]

Defi dead? Common! oviously no. But there is few problems in the current defi mechanism which can be solved with the help of new defi gem - https://peanut.trade/
Peanut is a set of smart contracts that automatically balance prices after each trade to help LPs earn more and reduce slippage with no manual effort.
With Peanut, 90% of the LP liquidity goes directly into the Uniswap pool. The other 10% goes into the Peanut protocol, to serve as a price balancer.The current Uniswap model requires LPs to supply 100% of the assets they wish to pool in a single transaction, with a 50/50 weighting of each token based on a respective market value of each asset. Once the LP has supplied these assets to a Uniswap liquidity pool, they are at the mercy of IL, and are particularly prone to large buy and sell orders that will move the market price.

[2double0]

It isn't dead but has opened doors to scammers to scam innocent people with their fake and non-sense schemes. And I do not think that there are more days left for the survival of DeFi and it will get buried with its projects the way all the old categories got away with the money of good people.

[stomachgrowls]

Vosk is doing great thanks to youtube money but sometimes I feel like he creates topic names or video names more likely, just to get attention. I understand that he needs to be watched and viewed and that is why he does this, but the reality is that we should not really look for getting more and more views just with clickbait titles.

Look at defi world right now for example, it is as lively as it gets and it is making as much profit as you could hope for, with the defi systems giving people staking or other methods of passive income as well I do not think that people will stop investing into it, I get that it may look that way to some people because the huge hype is gone but we are at a sustainable level where it is still quite very valuable and profiting a lot of people.

For you to monetize then these typical clickbaits will be expected thats why i do read up first everyones comment before tending to click out any links  Not to be bitter for someone
to make money through views but it would be always ethical to deliver the right side of things without having that deceptive manner.

DeFi is dead? Cant blame out people who do have this kind of impression now and if we do based or look on what currently the defi market is been doing then it turns out
that the hype is gradually getting lower which isnt surprising but somehow there are indeed projects which are really worth to engage on.

[Dollar_Hunter]

Defi is not dead, in my opinion what has died is the interest in the Defi project,
because many of Defi's projects have now become nonsense, yes scammers are also in the Defi project,
making Uniswap the home of the Defi scammer project, of course this is what makes DeFi's name bad.

[shoreno]

Defi is not dead, in my opinion what has died is the interest in the Defi project,
because many of Defi's projects have now become nonsense, yes scammers are also in the Defi project,
making Uniswap the home of the Defi scammer project, of course this is what makes DeFi's name bad.

What's the difference ? If people have no interest on defi , defi will continue to fall one by one and will end like an ico and defi actually started and also compared similar to ico that we got back days .

 There still defi that are standing strong and those are the original or the defi's with real  purpose . scammers are everywhere so expect that they will appear in the defi field and since its decentralized scammers loved it .

[Lhaine]

Defi is not dead, in my opinion what has died is the interest in the Defi project,
because many of Defi's projects have now become nonsense, yes scammers are also in the Defi project,
making Uniswap the home of the Defi scammer project, of course this is what makes DeFi's name bad.

Another reasons is there are also many defi project that advertise here and turn to be scam .so how people will trust that program if they know that there are many scam defi that already in the market that even promoted here. they even listed their tokens first in uniswap, before making a sale .thats why many think it's a good coin to invest or to join bounty because they can easily trade it. But the bad news is this is only a way to sold tokens to investors. if they can find a way to review each of every defi project then that's the only way to be back all the trust of investors to invest in them.

[Silberman]

no, because until today the trading volume of all Defi projects is still quite large. maybe lately there have been many problems with Defi, many Defi projects have been hacked and have suffered losses. but see today people still have hope in Defi. so I thought Defi would never die.

What is happening like always is that investors are putting their money in coins with no value and scammers realizing this have began to release all kind of useless coins so they can invest in them and then scammed them, it is the sad reality, this means that over the long term interest in DeFi projects is going to drop down dramatically, however the few good projects that remain are going to get incredibly popular but it is unlikely that we are ever going to see an interest like the one we saw during this year.

[Wahyuihib]

Seeing from some of the prices of crypto projects that use the Defi system, they still have high demand. because DeFi is a big step forward to democratize access to financial products, even though it carries huge risks due to unaudited smart contracts. but for now defi is still the top choice for crypto users

[pealr12]

Defi is not dead only the hype has really reduce from what it use to be in the beginning,  when new trend is out it is usually the case until people had their fill then the popularity will slowly be dropping,
The constant hack on defi platform is another reason for defi hype to dwindle.