Quote from: Finestream on January 23, 2021, 11:32:03 AM

Quote from: Drahzar on January 14, 2021, 10:13:26 PM

crypto market is likely to became more sustainable and self-regulated than 2017 when a lot of ico scams were arised and got money for nothing... i think defi concept is more healthy and transparent, so i prefer to invest in credible defi and dex projects ahead

I hope they'll stay for good, unlike the ICO which helps to make this market grow bigger but eventually it disappear due to lots of complains from people who got scammed. The De-Fi hype is still here and that is a good thing, but let's see if it will still survive once the market will undergo another long bear run.

We need a lot of tweaking and making sure it works type of things for defi, right now they are properly working in the technical sense but it is not really awesome for the cost sense. I have seen changing eth to usdt at 35 dollars yesterday, yes THIRTY FIVE DOLLARS just to change my eth to usdt (or maybe usdt to eth can't remember but same logic). Do you really think that those type of swaps are possible? Sure if you have 10k worth of unimportant token you do not want anymore you sure will sell it, but we are talking about usdt-eth here, and it shouldn't be 35 dollars, that is unreal.

With defi projects having such a problem with the gas fee, I think it is going to be a long time until we can see the maximum potential of what they can become, if it goes down under 1 dollar one day, we are going to see defi skyrocket and everyone switching over to DEX as well.