He's not investing his money into DeFi projects

He's not investing his money into DeFi projects

> Never gonna make it

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The rally normies are missing out on

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literally free money for the taking

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Are you missing out user?

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Delet

Defi is such meme just learn a trade lmao

> falling for the trading meme

Literally been shilling MakerDAO and DeFi since mid 2018. It's gonna be the same thing like the ETH posts at 0.60$, and a year later the same user posting a picture of his gains and timestamp ontop of his new lambo.

Doubters BTFO.
Wait for it.

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Is MakerDAO the only defi project you like? Or what others interest you?

You can't have defi without Chainlink.

Honestly, it all started with MakerDAO, seeing the possibilities the system had to offer. But then seeing the possibilities 'such' systems have to offer. Then I fell in love with Augur while realizing the potentials there as well. And then the whole picture of DeFi and tokenization of assets fell into place.

I used MakerDAO heavily late 2018, but suprisingly got BTFO'd by the market and DeFi still being in its infancy back then. Right now I am mostly dropping some of my shekels into newer and (or) more riskier projects (SNX, MLN) with the outlook of DeFi actually being all the hype I saw it to be a year ago.

Right now to be honest, there is no hackathon without DeFi, no new project that is considering leveraging or lending that. And DeFi does feel like the 'flavor of the month' kind of hype, but it really is not. I wish Warosu wasn't down for maintenance or I could link the few dozen or so threads that I was shilling a year ago.

Also

> coindesk.com/nasdaq-lists-new-decentralized-finance-index-including-makerdao-0x-augur

Correcto mundo

Defi isn't for poorfags

Synthetix is the next big defi movement. Don’t miss out. I also hold MKR. Everyone should have at least 1 MKR, don’t be an idiot. The opportunity is right in front of you.

Synthetix is incredibly cool, I do have a large stake there, but it is one of the riskier projects on the block too. My issue with SNX is the liquidity scarcity and the legal side. About 80% of the supply is currently locked; a whale pulling out 10-20% could drop that market back by 50-80% if he wanted to. There's simply no liquidity on exchanges to buffer that amount.

Additionally, technically the devs are running a unlicensed exchange; how large are the chances that Australia's backwards laws (where Synthetix is incorporated) will not tell them to fuck off and apply at the exchange commission before carrying on? Or straight out arrest the devs for running an unlicensed exchange to begin with. This shit is way riskier in AUS than it is in US. And AUS And AUS is a 9-eyes countries, so open cooperation in regards to shit like this is very open between US and AUS government agencies. The SEC may just tell them to fuck off, and despite of not being in the US; SNX will have to swallow that pill.

I am assuming both risks at +50k SNX (and increasing). If everyone plays nice (what usually does not happen), then I am sitting on some retirement savings here.

Synthetix is a centralized scam. They only look big on defipulse because it's comparing the marketcap of their token with value of eth locked in other projects.

How do you like MLN? I looked into it and the user interface is absolutely horrid.

So i just read about makerdao. I know i should have done it sooner, but it has been intimidating for a long time. All who speak about it seem to me some sort of wizard vitalik buterins. Anyway, about what i learned. Makerdao is essentially... sort of like forex? Margin trading? The fact that you will be liquidated when your collateral eth falls too low in value is to me exactly what forex margin is. So how is this revolutionary?

The ceo has said that it is centralized at the moment so that they could rapidly iterate. If it was decentralized a lot of their users would be screwed over. It will be fully decentralized when it is ready. It has $10 mill daily volume, that’s more than all DEXs. It is very experimental and high risk but the concept is interesting. That’s why I follow it.

I agree it is risky right now but once the system is fully decentralized the government won’t be able to shut it down. Also Kain has said that they can by pass laws because there is no peer to peer trading on the platform. Every trade happens with a smart contract. So that gives infinite liquidity once you’re in the system and allows them to bypass regulations, for now.

Synthetix will let anyone buy a 10xBTC leverage token. With no possibility of getting liquidated. That is absolutely huge if you believe BTC will continue to rise.

Until there's a bankrun on the collateral (SNX). Then there's nothing backing USD and its peg could possible collapse. The SNX backing to mint... Only sUSD is slightly regarded. Before the system grows larger there need to be other collateral backing sources to mint susd from.