VYB_POBSTREET 2-1-2022 #33:is defi season over forever?

insight.pob in #leofinance • 3 years ago

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TODAY'S DISCUSSION

Is defi season over forever

I have heard that 2020 was the year of defi after the defi market capacity rised over 10x and many new defi project were created in that year and that is regarded to as defi year.
So do you think defi would return and rule other aspect like playtoearn, smart contract,metaverse,nft like it did in 2020?

topic from @hannahhive

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3 years ago in #leofinance by insight.pob

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delight200 3 years ago

The rise of defi in 2020 give ways to other aspect of crypto and to nft in 2021.
Defi won't come down but it can be overshadowed by metaverse and web3.

pobtrader 3 years ago

Smart contract was the first crypto field to rule and cex coin too and then defi riegned so much in 2020
Defi is still leading now anyway

precious008 3 years ago

is defi leading?
Other aspect of cryptocurrency except from smart contract market capacity and not yet up to defi in combination

pobtrader 3 years ago

Uniswap and pancakeswap is the top defi but I give nft a year and metaverse some years it will surpass defi but uniswap is a very top one

iyiade 3 years ago

The mistake here is that we are mistaking defi with a only defi project.
Metaverse,web3 and play2earn are all using the concept of defi because without it it won't stand

iyiade 3 years ago

Hive concept of staking and getting curation according to how much your hive power is is a defi system but hive is not a only defi project but also a web3 too

pizzabot 3 years ago

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iyiade 3 years ago

Defi literally means a Decentralized finance.
It's a financial functions that's on blockchain. lending, borrowing , saving for interest on blockchain.

hannahhive 3 years ago

Defi is inside gaming and nft to is into gaming.
Without defi they gaming won't succeed.
Staking,looting,mining are all decentralized finance

precious008 3 years ago

Defi can't rule again and that is why any nudity projects are now including gaming and metaverse

leotof 3 years ago

Defi season is never over
Those new Playtoearn game how combination of NFTs and defi and most of them are not actually played.

pobtrader 3 years ago

The presence of metaverse has reactivate the reign of nft because metaverse is all about nft the most

leotof 3 years ago

Sincerely
I don't use to see any benefit of nft and I regard it as a overated coin but gaming and metaverse gave it a meaning

pobtrader 3 years ago

Defi is not over but some project that are completely defi are reducing but the system of defi is improving and it's also applied into gaming system and called gamefi

precious008 3 years ago

Yeah defidefi alone but it also include enough tea because last year NFt most has no use case

firstborn.pob 3 years ago

is defi season over forever?
Definitely I will say no, despite what I can call little dominance in 2020 and 2021 which I think almost push aside eutherum at a point,I still sincerely believe that it is something that is met to stay forever,I remember telling a friend to watch out for some defi project which I expect that they should return to lime light this year.

DAPPS
Uniswap
Uniswap pros
Uniswap cons

precious008 3 years ago

Uniswap
Uniswap is a top defi project of ethereum that no metaverse will think of reaching it's level

delight200 3 years ago

Uniswap is the best defi project having the highest market capacity and it's also under ethereum and I don't think there is any metaverse or gaming project that is Reach uniswap level.
Now the hype of metaverse might allow metaverse overshadow defi in years to ccome

leotof 3 years ago

It's called gamefi the combination of game playtoearn and defi is called gamefi now used in crypto terms

precious008 3 years ago

The word gamefi was invented by Andre conje an important figure in a cryptocurrency called ftm.
It is the combination of game+defi and that is why I said defi period is not yet over

leotof 3 years ago

Defi system is not over but all defi based project most of them aren't reigning any more except from few ones like uniswap and that's due to it being dex

iyiade 3 years ago

The period of decentralized finance has never ended and it's a concept that was upgraded in crypto field and most crypto project are defi

joseph23 3 years ago

DEFI issues started with the coming of bad players who used rug pull, flash loans, and the likes brought a bad reputation to Defi. This made some people lose interest in it.

Again, many other innovations have come to tackle Defi such as NFTs, play-to-earn games, etc. The fact remains that people are still more into Defi than any other crypto-related project. You can see that there is a continuous increase in TVL every year.

With the current volatility in the market, Defi has been a source of remedy to many investors. Despite the dip, defi has offered them passive rewards.

delight200 3 years ago

Spiritswap a defi projects under fantom is a very great project with a great potential and made me interested in defi as I don't have any interesting in defi.
I made weekly income even in the dip

hannahhive 3 years ago

Fantom rules defi now
Majority of fantom projects are defi

leotof 3 years ago

Spiritswap is a project in fantom network a top defi and most project under fantom are defi with great profit
Spookyswap

pobtrader 3 years ago

Made my research on ftm defi project and I think ftm defi project are the defi now with the most potential right now because defi season has passed

leotof 3 years ago

Defi isn't the project that started rugpulling. It is just unfortunate for defi that it is the one reigning at that time. If it was nft reigning then they will also be fake project that would rugpull

hannahhive 3 years ago

Defi is perfect example of luring people then intovscam staking and locking a scam coin that would make it easier for rugpulling

iyiade 3 years ago

He his not talking about defi. He is explaining the reason why people shift from defi due to a lot of scam using defi as an excuse

leotof 3 years ago

Defi system is a system easy to deceive like staking and locking for easy and perfect rugpull

iyiade 3 years ago

Defi is different from Dex
This cryptocurrency is all about defi and I just to understand that yesterday

leotof 3 years ago

Most Dex are always based on defi alone this is why many people can't understand the difference

precious008 3 years ago

We can't blame defi for the concept of rugpulling as in every project be it nft are also engage in rugpulling

leotof 3 years ago

Yes you are right

Blaming the system is not right but blaming the people behind it using defi as an advantage

vikbuddy 3 years ago

Everything in Crypto World hs its time under the sun. DeFi completely dominated cryptocurrency market in 2020, while there are new players making move in Blockchain and cryptocurrency world like P2E, NFTs and metaverse, DeFi is loosing its charm. But its totally normal and happens with every project in a period of time afterall. But there are some promising and remarkable DeFi Projects like Luna, DAI, Link etc which have long term development goals and developments. It's time for Crypto space to make its own adjustments with so much coming up everyday but when market keeps growing and more people invest in cryptocurrencies, every fair project will flourish. Just Imagine $10 Trillion Cryptocurrency Marketcap, the growth is tremendous.

onealfa.vyb 3 years ago

But why short term, only 10T marketcap?
I prefer to imagine $100T.
In 5-10 years

leotof 3 years ago

If cryptocurrency becomes a legal tender it will clock 100trillion dollars immediately

precious008 3 years ago

The legality of cryptocurrency made crypto-currency market cap be present money market cap now

joseph23 3 years ago

We are still early. People are still trying to trust the Defi system especially with the entry of bad players who has used various aspect of defi to steal from investors.

vikbuddy 3 years ago

You are right. $100T sounds a great possibility till 2030 😊 !PIZZA

minat4danzy 3 years ago

Really dat mean in the next 2060 we will be talking about $200T,and by then I will be calling the own of Defi

pobtrader 3 years ago

@vikbuddy
The world top companies market cap is about $96 trillion companies like apple,Tesla,Coca-Cola,Adidas excluding world bank, government,personal worth and other companies not in the top 100.
So imagine if crypto becomes legalas it is now in China
We are early

precious008 3 years ago

This is top 100 companies in the world out of thousands and millions of companies that exist in the world at cryptocurrency is not yet compared with them with this your analysis..
This means crypto can make 200x

delight200 3 years ago

Wow
4% of the world population ihas crypto which means we are so fucking early

leotof 3 years ago

Fortunately I am part of the 4% I and my family.
everyone of us here are part of the 4% and we have already built and begin a journey of wealth for generation to come as our children would lead in riches

pobtrader 3 years ago

I am part of the 4% too.
It now depends on how much I make use of my knowledge of crypto because being early in cryptocurrency do not guarantee your success in it

precious008 3 years ago

did you mean only 4% of the world population are holding crypto or the number of wallet that exist now have 4% of the world population and how is this known crypto is decentralized

leotof 3 years ago

You can know the amount of holders of some project in binance blockchain and in ethereum and in many other in their scan

leotof 3 years ago

The world crypto market capacity now is too low compared to his potential and to the world market capacity imagine if cryptocurrency is permanently known and accepted as money

precious008 3 years ago

The word crypto market cap is not up to 1% of the world market cap including government and Banks so crypto haa a long way to go

iyiade 3 years ago

Many rich people in this world can buy one fourth of the crypto-currency market cap and the top 10 can buy the whole cryptocurrency that is available right now but they didn't

iyiade 3 years ago

The reason is not because they can't buy or the reason is that they can buy from only those who want to sell and if there is that type of order and the value will increase that is why I like the concept of cryptocurrency

emdy4 3 years ago

Wow you have said it all and your summition is awesome.although to me is not over yet it is still working under ground.

hannahhive 3 years ago

#topic
Which one of them wouldhappen first and why did you choose that?

BITCOIN @$100,000
ETHERUEUM @$10,000
BNB @$1000
SOLANA @$500
CARDANO @$5
RIPPLE @$2
TERRA @$200
AVALANCHE @$500
POLKADOT @$100
LITECOIN @$500
MATIC @$10
FANTOM @10
DOGECOIN @$1
SHIBA INU @$0.01