Is DeFi over or will it bounce back?

sentiment seems like it's at rock bottom

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Today I got rugged on the last bit of eth I was willing to spend. As long as "defi" means "probably a scam", it's dead jim. Even NFTs are scamming now.

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>Even NFTs are scamming now.
how? that kirby scam?

Lots of stuff, bru. The point is that I'm not putting money into a machine that never pays out.

Sentiment is down because of high gas fees. Synthetix, uniswap and chainlink are currently integrating Optimism rollups on testnet and Arbitrum will also be ready by the end of the year. L2 scalability combined with eth 2 and other solutions will bring back hype and on a massive scale since we're talking about massive speed increases and costs reduction. It's the elephant in the room and biz isn't talking about it. I think because everyone is jaded as we've been waiting for it forever so it just like a futuristic scenario and most can't project the real implications. It's right around the corner.

it's not dead by any means, but the bubble has burst for now

The machine will pay out it just needs to boot up first, that requires liquidity. As soon as BTC climbs, more people will FOMO into coins like food tokens and YFI and the circle continues. The crucial thing is institutional money is flowing into the ETH network, now as well as BTC.

DeFi has got to the point where it needs certain improvements to move forward. All these improvements are unironically being brought by Bancor (the creators of AMM) this month.
Ive been telling people about a potential 1000x, hope you were listening.

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Also buy QNT before you get priced out.

You gonna wait a long time...

Stupid fuck

retard zoomer scam "defi" shitcoins are over, but defi itself is just getting started.

>OH NO NO NO NO HOW DARE YOU SAY YOU'RE NOT GOING TO SPEND YOUR MONEY ON MY SCAM REEE WE NEED TO KEEP THE BUBBLE GOING

Lmao get a job, faggot.

Bitcoin just broke a price boundary. As it crabs people will invest more heavily in it. October is bitcoin season.

Someone needs to fork makerdao and mint us snp500 instead of dai. That would really juice up defi

Lmao I feel so bad for you. Shut the fuck up

ramp defi will save the defi space
also Cardano when Goguen ships

>seething pajeet because his scams are coming to an end

First the bitmex guy in jail, then mcafee and next blue kirby and cronje. If they can get the big guys, they can get you Ranjesh. And I can guarantee a poorfag scammer like you will spend a lot more time in prison than them.

Wtf are you going on about?
Youre the one that lost all his money on scams your coping seething deflecting faggot
Project harder, if thats even fucking possible, and get out of crypto because holy shit youre in the negative IQ zone

It's over for yfi and core clones, ignore those and you'll be fine.

There is no “DeFi”
Everything is centralized
Every contract has admin backdoors
Every project is a fucking trap
Stop chasing scams

was defi a scam?

>weighted rape
This one is bullshit, they are basically making the false assumption that when a society is very patriarchal their must be shit ton of non reported rape, basically they are inventing stats out of thin air, non biased rape stats is pic related

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in the binance chink chain the hype is just starting

This

>USA
>despite being just the 19%...

Good point, it’s like people make fun of Muslim countries for crazy laws requiring 4 witnesses to a rape, but when women aren’t allowed outside without a male companion at their side to begin with, back alley rapes are rare as fuck.

There are on or 2 projects that will become the "next big thing" in a few weeks. Been threads on Biz if you look closely enough (they usually have one or 2 comments)

it's your fault you put money in obvious scams

With Radix launching soon, of course they will bounce back, they will be replacing eth as the main platform for DeFi projects to be built on

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