I heard a lot about DeFi, more than about the POS of ETH 2.0 coming. However, I have not had the opportunity to experience DeFi much, I have never even used crypto payment.
Many people understand that DeFi is Lending & Borrowing, and I think this is the main activity that has made DeFi such strong growth in the past 6 months.
Have you ever Lend & Borrow in DeFi? Or how did you experience DeFi? Trading on DEXs? Invest in ICOs/IEOs? Please share your experiences about DeFi.
Staking on liquidity pool is the trend on DeFi right now. I mine Sushi token before using my AMPL stake and the daily profit is very good. The only problem is the volatility of token price itself, Due to many whales mining it, the tendency of the token to be dump is high because theres a lot of new token generated daily and added to the supply. In general, Defi is very profitable if you know when to exit but definitely not recommended for newbie because you might suffer a 50% loss overnight if you bought the wrong hype coin.