Re: Defi hypes is it a bubble or real indicator of market rebound
Imho, DeFi is a hype. Like 2018 was a boom for ico, 2019 was full of ieo, and in 2020 everyone tries to add DeFi in their projects. Come back to this post in 2021 and re-read what was written here.
DeFi is not something really new. It could have appeared in early years, but cryptocommunity was kinda busy. But now, during World economy drop, DeFi is just in time
Mark my words, nothing but a hype.
DeFi is not something really new. It could have appeared in early years, but cryptocommunity was kinda busy. But now, during World economy drop, DeFi is just in time
Mark my words, nothing but a hype. Same thought here. As far as I know, Defi had been around the cryptocurrency industry for some time now. I believe it is a DAO concept rebranded as DEFI. (Please correct me if I'm wrong.) And this hype will eventually subside just like any other trending stuff that happens in the industry.
Yeah exactly, lots of projects have already proposed DeFi solutions and the concept seems to still be hard to implement. That's why I don't understand the recent hype as new projects aren't really proposing anything new rather just high returns.
DeFi in essence is the decentralization of banking services (credit lines, loans, etc) and DAO's are a solution to achieve this.