Quote from: nelson4lov on Today at 02:06:03 AM

Quote from: X-ray on September 21, 2021, 11:26:35 AM

Defi on ethereum will always still booming. So many people are still locking their assets on DEFI ethereum. It will still remain the same and i guess the TVL might be increased even higher than before.

First off, it's worth noting that Ethereum does have the first mover advantage for DeFi and that's in fact, the real reason why people still prefer it to other innovative opportunities (along with the fact that it's battle tested and secure ^). But these doesn't mean we should completely ignore other interesting alternatives that benefit people even more. For instance:

- NEAR protocol has a growing Defi economy that is spearheading by Ref Finance ( core AMM, swao, farm with awesome rewards!, others, etc) amongst others and that's not even the best part. Rather than compete against Ethereum, they've a solution that builds upon the current struggle of ETH network and makes it better for the ETH community thanks to Aurora - L2 solution on ethereum that uses NEAR under the hood to make transactions super cheap, affordable even for the average user and lightening fast sub 1 second finality.

The goal of defi shouldn't be about giving rewards to miners for fees when there's also impermanent loss to watch out for.

Agree, if you are using DeFi on Ethereum you will be throwing away hundreds of dollars, and lost profit, in gas fees. Move to SpookySwap on Fantom or Ref Finance on NEAR for high APY, fast transactions, and low gas fees. That's what I'm doing anyway, dyor.