Post
Topic
Board Marketplace (Altcoins)
Re: What is the hottest DeFi project right now?
by
Gi01
on 19/03/2022, 03:35:56 UTC
AAve, Curve, Compound are my favorites. Decentralized Finance has opened the way to several other features of earning and generating yield in this space. Now we have gamifi, metafi who knows where this space will metamorphose into in the coming months. Crypto trends move very fast but sometimes I feel crpyto enthusiasts keep on missing out on some of the very ways of generating, growing, and compounding yield while chasing all these new flash in the pan projects that promises x amount of profits yet, in the end, they just become like white elephants.


Staking and providing liquidity is my main game plan anytime I look at DeFi projects. I admire the fact that you're in total control of your investment unlike we have it on lending platforms. Not saying lending is not good though but I feel the committed funds could have done something small other than just earning that tiny APY being offered.

Catching early birds on staking or farming when a project launch is a great way to earn in any DeFi project you're part of. If the APY doesn't get flooded by community members most likely you are likely to gain your initial capital in a few days and start profiting! The beauty of Decentralized Finance!


Looking at liquidity provision and PoS staking protocols, will it be possible to have a protocol that makes it possible for liquidity providers and PoS token holders to generate additional yield across blockchain networks? Let's say you provided liquidity on one blockchain network with a protocol that issues 1:1 representative tokens of the Liquidity tokens on a different blockchain network while generating staking rewards and the representative tokens on the other network can be used within a DeFi ecosystem to generate DeFi yields such as on decentralized exchanges (DEXs) and lending and borrowing protocols?