The DeFi boom

[rodolforojas14 55]

The DeFi boom

 

Uniswap has processed more than $ 15 billion in the month of September, surpassing Coinbase and also demonstrating the boom that DeFi has caused.
Factors include the growth of DeFi's decentralized finance, Yield Farming's governance tokens, and the surprise distribution of the UNI token that turned cryptocurrencies into a decentralized exchange by claiming 400 tokens for having used their platform before September 1. If you doubt, Uniswap is here to stay

Edited October 4, 2020 by rodolforojas14

[TengoDinero 132]

Defimania is booming and many are with FOMO and even though there are surely legitimate projects, unfortunately this boom is used by scammers to take the crypto of many people so you have to be careful checking where we put our money

[jexworking2 15]

I have read that they will continue to hand out chips. What's true about it? I would like to know more about the decentralized projects, but does it mean that there is more future for cryptomonies?

[rodolforojas14 55]

DeFi has its risks and you have to take precautions. It happened with the Bitcoin FOMO when it reached $ 20K and many people bought at that rate and still do not get their money back.

With DeFi the risk is high, so you have to research the project before investing. But it is another cryptographic space that is here to stay.

[CamilaSoto 20]

The DeFi seem like something great to me that I am here to stay, there are many interesting projects, but you have to inform yourself before entering any site so as not to lose your money, in scam sites.
I see a great future in DeFi. Greetings!

[AlanPartenuk 41]

I would like to know more about the DeFi, I think they will have a great future and I would love to be able to enter the world of decentralized finance, thanks for the post.

[bobjoemega 1088]

44 minutes ago, rodolforojas14 said:

The DeFi boom

 

Uniswap has processed more than $ 15 billion in the month of September, surpassing Coinbase and also demonstrating the boom that DeFi has caused.
Factors include the growth of DeFi's decentralized finance, Yield Farming's governance tokens, and the surprise distribution of the UNI token that turned cryptocurrencies into a decentralized exchange by claiming 400 tokens for having used their platform before September 1. If you doubt, Uniswap is here to stay

One thing i don't get it in the hall story, from where all this money comes, when i see all the volume of token that are in Yobit, binance, bittrix, and so on, i don't know is this fake or all this is real, can you make a topic and clear my doubts. 

[Orientrader 39]

The DeFi boom is caused by the FOMO that's why everyone is talking about it and thanks to those waves of FOMO large amounts of money are processed and will continue to be so for a long time 

[khalidforu 51]

Now a days, defi coins are booming rapidly growing like compound.finance,yearn.finance etc.this is the genuine effort projects.

[AliJoseMeyer 41]

The boom of the defi is because people are looking for new businesses that are very profitable in a short time, these defi are the new fashion but you must be very careful with these money-making projects are very volatile and it is very likely that these currencies end up going down a lot of price if you keep them you could lose your money, it is better to enter to take advantage of the increases and leave or take advantage of the airdros and sell.

[haydaryahsi 44]

 DeFi projects such as LİNK, BAND, NEST, DOS, ZAP and TRB are among the cryptocurrencies that  will mark in 2021. So the the DeFi will explode.

[parakazanix 68]

These DEFI's shows remind me of the ICO's in 2017. Therefore, it is useful to be cautious.

[juliofox1992 108]

everything has its risk even the banks because nothing is perfect in this life 

the project is great and in the future I think it will be better and better since it has evolved in a fast, effective and safe way. We have to be patient with the expectations.

[dark1night 94]

Defi is a balloon. I have an opinion that 80% of the projects will disappear soon. What makes a crypto money quality is that it can make transactions on its own network. such as btc, eth, ada, veChain. Therefore, the Defi bubble will explode soon, except for quality projects such as UMA.

[Faruk Akdağ 43]

You are right, the DeFi craze continues at full speed.🤥

How long this will take is unknown, but I don't think it will take too long. There are very few tangible projects among the projects that have reached thousands. I believe that competing projects to DeFi will emerge in the future. They even came out: NFT coins and stable coins.

[m3nt0r 88]

Defi of 2020 is very similar to the ICO boom of 2017.  Tons of opportunity to make and lose money. Hidden inside the crazy schemes and fake projects are real honest quality projects.  I just hope that they don't get bled out because of all the other trash

[CrazyIvan 258]

I was very cautious to invest in DEFI, because I also think this DEFI boom is not sustainable. Only few projects will survive in the end I think. 

 

For this reasons, I have chosen to use Binance Liquid Pool, because Binance is a trusted exchange for years. I must admit that the returns in their pool is much lower, but I rather have lower profit than loose my money in a DEFI project I don't know

[Jose2323 186]

This DeFi is booming and many are with FOMO and even though there are surely legitimate projects, unfortunately this boom is used by scammers to take the crypto of many people so you have to be careful checking where we put our money, is and moment is very good is the holding. 

😄 😄

[Viscount 1357]

I don't think that anyone here in the forum really doubts Uniswap. Uniswap has proven their legitimacy and there are a lot of people that are using Uniswap right now. Also, one of the things that made Uniswap famous is their airdrop that almost amounted to 1,200 dollars.

[rofiqq23 73]

On 10/5/2020 at 6:13 AM, rodolforojas14 said:

The DeFi boom

 

Uniswap has processed more than $ 15 billion in the month of September, surpassing Coinbase and also demonstrating the boom that DeFi has caused.
Factors include the growth of DeFi's decentralized finance, Yield Farming's governance tokens, and the surprise distribution of the UNI token that turned cryptocurrencies into a decentralized exchange by claiming 400 tokens for having used their platform before September 1. If you doubt, Uniswap is here to stay

I have found out about it and it's a trending topic on Twitter and in my opinion now is the era of crypto DEFI 

[tienda 8776]

On 10/28/2020 at 8:09 PM, Viscount said:

I don't think that anyone here in the forum really doubts Uniswap. Uniswap has proven their legitimacy and there are a lot of people that are using Uniswap right now. Also, one of the things that made Uniswap famous is their airdrop that almost amounted to 1,200 dollars.

Also I don't think @Viscount. But unfortunately not all offer through airdrops are legitimate, the scammers always are attentive and observing to any success project or program, then they implement their Technics on their fake offers. to attract victims.

[febriyana 934]

Yes the Defi is going boom last 2 months. But after that my prediction defi will going to downhill in the future. I don't see any benefit to using Defi especially for the new user. Many people coming to buy some Defi token, like YFI is not because know what the function, but only get hype. Then will going to losing money if keep doing it..

[Relium 424]

I'm very happy with the boom because that's the purpose of crypto money. It must be a decentralized system that no one can control. I think defi has proven its success with uniswap.

[Amiami 1362]

Uniswap, pacakeswap, Honeyswap, at this stage we will have a full breakfast in the form of exchanges, the sudden growth of the defi is understood, since the income that they generate both individuals and organizations are spectacular, however everything has an end,  The illusion of a unicorn that throws money wherever it passes will not last forever.

[Simon London 1749]

The DeFi seems to me something super interesting and that it is going to contribute great capital to the cryptographic market, I have the feeling that the decentralized finance ecosystem will continue to grow and mature, although like all boom, there is the opportunity to get rich but there will also be the risk that DeFi attracts bad projects or even scams.