Defi

old gen buzzwords smart contracts, high tps, sharding and oracles. No DeFI project has pumped yet massively. So it's new

>No DeFI project has pumped yet massively.
ETH and BTC haven't pumped yet massively?

Also, we're on the brink of actual DeFi (beyond just sending payments).

They didn't have Defi label on them
ETH = smart contracts
BTC = first ever cryptocurrency, ie 'digital gold'

>BTC and ETH
>not DeFi
What are you doing.

compound.finance

were 'DeFi ETH' or 'DeFi BTC' in google trends durring the last bullrun? No
I don't give a single shit about the technology, I care about hype so I can dump on normies. Project that will shill 'muh defi' crap best wins. Simple as

>you must talk about DeFi the way I want it to be, OR ELSE!!!

mexiLINK kills all other projects

Mexican LinkedIn will dominate the decentralized financial space time.

it will be the next pump, just don't be an idiot and think that it has any long term future, it's strictly a play to dump bags and ICOs/IEOs on idiots. Take your 10x profits and sell half and then HODL in case it moons 100x.

defi will only be around long term with people already deep into crypto, no normies are going to take a crypto loan out on their car or mortgage when its faster/easier/cheaper/safer with their bank and as for exchanges/trading, 90% of trades will be other crytpo, pointless really.

you only need cdp to generate dai, not to own it. I lend dai on compound which I just bought on the market.
You don't even have to lend or borrow dai, there are other stablecoins and tokens.
Already made $600 lending since May on about $11k
>when its faster/easier/cheaper/safer with their bank
that's where you are wrong. Rates are going to be much lower for the borrower and much higher for the lender (depositor). The difference is taken from banks' profits.

DeFi is a scam youll lose all your money when they get hacked.
stay stupid faggots

its just another buzzword

decentralized means nobody owns the protocol

Cdai
Loanscan
Uniswap
Instadapp
Compound
Rdai
Pool Together
MakerDao
Fulcrum
DyDx

Check out these fags! Pure delusion!!
>muh defi is a scam
Can’t wait till these fags fomo in because they’ve been too busy with a thumb stuck up their ass. Defi is the most revolutionary financial instrument created to day. Only total mouth breather would dispute this

>t.

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Fuck ETH

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There’s more locked in dydx than in lightning network. It’s simple math. Imagine being such a dense moron you think defi is a scam. True state of biz

>t. btc maxi spam fascist delusional overload
You do realize that just because you call it a scam doesn’t make it a scam. That’s your opinion your putz

Fuck you, Fuck ETH, and Fuck Vitalik

>t. Seething retard
You mad bro? Have sex

Forgot to mention Set tokens using synthetics can make a lot of money
this is the one:
>ETH 20 Day Moving Average Crossover
tokensets.com/

dont miss out user

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Compound isn't DeFi at all. It's completely centralized. It just happens to run on Ethereum.

How is compound centralized?

> Compound is a CUSTODIAL system, all lending pools can be trivially drained if their admin private key is compromised.

medium.com/@ameensol/what-you-should-know-before-putting-half-a-million-dai-in-compound-fafdb2645f77

holy shit link $1k EOY

huh, I didn't know this. I don't know why, but I assumed it's like makerdao where the ability to freeze accounts doesn't exist.
This pretty much makes compound a scam.

>that's where you are wrong. Rates are going to be much lower for the borrower and much higher for the lender (depositor). The difference is taken from banks' profits.
what the fuck does this mean, how can it be lower for borrowers AND higher for lenders? bank spreads are razor thin, they work on volume my guy