>Compound
>AAVE
>Synthetix
>Maker
>???
All three have solid adoption. Way better than most, but why should I buy their tokens? Which one has the better value prop? Tried this thread yesterday but no responses. You may suggest one not on the list too, but stick to ones that have at least some adoption.
Please include why you think the >token< will gain value, not just why the system is good. No "token will blow up because of twitter/fomo/memes" and no lazy clone tokens.
Other urls found in this thread:
Yfi
Harvest
Pickle
Hedge funds on a smart contract. Harvest and pickle especially have an outsized price/earnings ratio. Extremely undervalued for the kind of earnings they generate for their stockholders (i.e. token holders)
chainlink
the token's value is a reflection of the definitive truth being communicated between data providers, chainlink nodes, and blockchains
Can you please give a one sentence value prop for each. As I understand it yfi does literally nothing at the moment, it's just governance.
We all hold LINK already. This thread is about DeFi systems, LINK is more just infrastructure and everything had been said and everyone that will buy have bought.
If you want DEFI exposure you might to look at the defi pulse index
defipulse.com
you can buy it on uniswap
I'm looking for value propositions. Prices in this market don't reflect fundamentals since it's so hype driven. Investing in an index in a market like this is just begging to underperform long term as memes die off.
Governance is literally the greatest value proposition, it is the mother of value propositions: it’s so early and the governance tokens for aave, uni and comp can vote for example for redistributing platform fees (already happening) or any fucking thing under the sun
Defi tokens are all used only for governance, they are totally useless.
All DeFi platforms can work without the tokens. If you look for a long term value and not speculative one, you better invest in a token that actually powers a platform like LINK or ATOM.
To make a governance proposition, you have to stake tokens that can be slashed to avoid proposition spamming. Therefore, once the "business model" of the platform will be well defined, governance proposition will no longer be created and the token will become not valuable anymore