Post
Topic
Board Altcoin Discussion
Re: Why are people still using DeFi on Eth?
by
RussianEnglishTranslation
on 14/09/2021, 06:01:12 UTC
What do you think about DeFi on ethereum at the end of 2021? It doesn't seem to you that this is an absolutely bottomless pit living your money on transactions (unless you are a millionaire, of course)
Heard about DeFi on Solana or Near? When will such blockchains completely replace the losing Ethereum Network?
Yeah, I recently posted something similar when someone was asking about how to invest in DeFi. There is no sense in using DeFi on Ethereum, the gas fees used to collect your rewards will cost more than the value of your farmed rewards. I moved my funds using Evo bridge to Polygon and Fantom from Ethereum and I also used Rainbow Bridge to move funds from ETH to NEAR protocol. I'm mostly farming on Qi on Polygon, Tarot and SpookySwap on Fantom, and Ref Finance on NEAR now.