In the past two weeks, i was researching new coins/tokens that are worth investing in. My main target was new DeFi coins/tokens, but not just like scrap and glue defi tag to old shit, normal projects. Criteria was pretty tight.
1. DeFi
2. Not shit, scrapped and glued defi tag
3. Something new, fresh
With these three, my research begun, and i was shocked with results. At first i want to talk about "DeFi", by definition it is "Decentralized Finance", which is fair, i mean, crypto was about decentralization of things. After two weeks of research i found one project that can fit my criteria mentioned above.
>what? only one? how? are you a retard? you trying to shill me useless token?
Almost everysingle "DeFi" project out there is not decentralized at all, most of them, has team behind the project, and if we want to talk about decentralization, dedicated team behind decentralized project, it is centralization for me, like, how you can call your project a DeFi if it is not decentralized at all, team behind it, team funds waiting for dumping, and you call it defi? In conclusion, right now coins/tokens marked as DeFi are hot product on the market, but only decentralized ones will survive, because you can't glue a tag to something and call "job done".
I already invest my own money in this one project i found, and i'm not touching everything else, maybe if something new comes up and it is decentralized, but for now, no thank you. If my english bother you, sorry, i'm from Poland.
>ok user, shill me your defi
No
Let's talk about this
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thats a man standing in the desert holding up 3 fingers.
that's a lot of text to tell us next to nothing, user.
I am assuming you found Digibyte.
ok I made a few thousand bucks but ok
it's AKRO, isnt it?
thats based
i like the idea of looking for tru decentralization so what project did u find?
Can someone explain to me this new "DeFi" thing. Is this just a buzzword. This word seemingly has popped out of thin air in the last month.
Cryptocurrencies are all theoretically defi. As OP mentions if you are able to understand how they really work or can access the holders charts on etherscan, you'll see that nothing is decentralized. *except for hex cough* sorry had to shill.
But seriously is there some new wave of technology known as defi or is it just a new buzz word people are using?
Basically defi applies to altcoins like Orbicular or in general uniswap coins. In centralized exchanges market makers (the people that provide liquidity so that other people can buy and sell with little delay) are centralized, for example in Binance this "pool" of coins is owned and feed by Binance (the company). In decentralized exchanges this "pool" of coins is not owned by the exchange, but by anyone that is willing to provide their own coins to this pool, thaths why we say its decentralized. The incentive for people to put their money into these pools is a fee they receive (for each transaction made you pay a 0.30% that goes to the people that hold their coins on the pool so that traders can buy and sell without delay, with less price slippage etc).
That's the rough idea. There are also new finance related decentralized things, like loaning and some other things that are appearing right now
that's*
standard Zig Forumsinessman
Not true. Almost everyone here(besides chainlink tards) jumping in to defi tokens, but they not jumping in to decentralized finances tokens, they jumping in to centralized finances tokens, CeFi
No. It is not new, it is not even marked as "DeFi" on sites like coinmarketcap or coingecko
69
Go shill your bags on reddit. It has a company behind it, for fuck sake
Do your own research. I'm not here for shilling, but pointing about serious problem.
For me, DeFi, is what you mentioned about uniswap ect, but also a project where is no dedicated team behind it, and so, there is no team funds to dump on potencial investor. Something like community projects?
Ah thanks, that kind of makes sense as the word arose with Uniswap. I would say it's basically just a new adjective for cryptocurrencies as the word is really dependent on each specific coin, and even coins that hail themselves as defi can be woefully centralized (and typically are).
Then read the Statera whitepaper. Completly decentralized and imutable smartcontract. Dev hold less than 1% and its community driven. Best wallet distribution in all of defi.
Shill me and I'll shill mine. Show me yours and I'll show you mine
pastebin.com
I was looking in to statera before researching defi, it is shilled on Zig Forums so much, that i can puke. It might be good project for some, but it is not for me.
No
FLOW Protocol
got it. you're talking about unipower.
It's Nyzo
stop anons, it is not funny at all
Is it BTC
easy
XRP
Flare/Spark
hey its obviously chainlink!
please shill me your bags brat :(
That's a man you faggots
It's sad how everysingle thread about something serious, needs to be filled with shills of bags by retards who can't make a normal conversation. This fucking board
No
You are late
It's about smart contracts adding a second layer of decentralization, removing crypto middlemen. To date the most popular uses of defi is.
DEXs (decentralized exchanges, uniswap, balancer and curve)
Loans/interest (Aeve, compound)
It is essentially what is known as non-custodial finance, where you get to interact with websites without handing over your crypto keys or performing KYC.
all i want in the world is a harem of plastic materialistic porcelain skinned chink qts to service my jerker daily like pic rel
Stop withholding the name of your coin or shut the fuck up about serious discussion
Please tell me how BTC is not DeFi by your own autistic logic
Because it lacks smart contracts, it's a first generational blockchain. You cannot automate these financial services and thus you have to trust people. Centralized providers of a decentralized currency.
>some serious discussions
dunno what do you think about other ERC standards? Widespread adoption of ERC777 standard in tokens (probably coming from ETH2, if updated network won't be a fucking shitshow) could probably reignite the market a lot, since smart contracts really need that tokensReceived hooks.
I didin't say nothing about it isn't. I was saying that tards like you need to shill thier coins in a thread not created for such thing
I know a token that use ERC-777 standard already, and it is ERC-20 compatible, still no ETH2, so maybe it would spread after update of the network.
>normal conversation
U made a thread about finding the 'one true coin' and then say 'lol not telling.'
Tell me seriously, what the fuck kind of discussion did you think would come from this?