Quote from: cryptocointrade.com on June 01, 2021, 06:56:42 AM

Synthetix because they have a platform with great potential and great interest rate (around 30%)
--snip--

Thanks for sharing. If you are into SNX, I'd suggest you to check Barnbridge discord. Tag me there, if you come over. I am @amish. They are aiming to be the risk derivatives platform for traditional finance looking for an entry into DeFi. The community is in a growth phase with everyone learning from each other and people finding ways to contribute to DAO governance.

Quote from: Darker45 on Today at 01:30:27 AM

Quote from: The Pharmacist on June 02, 2021, 10:31:08 PM

Quote from: Darker45 on June 02, 2021, 02:42:52 PM

I cannot go through all the platforms listed by the OP but, yes, they're currently being offered.

I don't doubt that. I do question whether they're passive investment opportunities based in reality or are really Ponzi schemes.

I wouldn't call it an outright Ponzi scheme. Certainly, there have been bad reviews about the platform but, well, each and every DeFi exchange that is gaining momentum right now has its own fair share of negative reviews. But overall, it seems to me that there is indeed passive income from this.

There is actually a very tight competition in the DeFi market right now. Uniswap, as we all know, has made incredible amount of success when it entered the market. Liquidity providers are enjoying high rewards. But it was even topped by PancakeSwap.

Uniswap is the first of its kind and Pancakeswap is a copy on Binance. A lot of these "farms" are indeed Ponzi schemes. If you get in early, you can get the returns from the yield tokens. They are high in price initailly (so the APYs) but as they get farmed, selloffs ensue and the early entrants gain the most. Most of them in fact are classic Ponzis. If you get in early and exit at the right time, it is easy money. What i find worrisome is that most of these "Farms on farms" projects do not have a solid underlying products. They just copy each other, make a big community with TG invitations, seed a uniswap pool and then start the selll-off after a few initial days of farming.

This worked in the bullrun but long term, a lot of them will just runaway leaving people with a bad taste.