DeFi Craziness 😱 ! Can it continue to Moon ? 🚀

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(Edited)

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Hello HODLers and DeFiers !

We are currently witnessing a crazy pump of all the DeFi names and of course ETH !

Listen to this video to see all the different metrics and some of my comments.

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21 comments
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Nice analysis on the DeFi craziness with YFI, that token looks unstoppable!

Posted Using LeoFinance

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You are too nice ! I kind of suck still to be honest but I am improving (not difficult though)...

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Dan Larimer claims EOS will be a better platform for De-Fi, but its presently only talks. People are aware of Ethereums shortcomings but don't care too much because they don't want to miss out as well, who will blame them. If EOS really offers lesser fees to accomplish what ETH can, maybe it will stand a chance. But thats going to require a ton of new money. I just wonder why EOS has chosen to be in the shadows all the while, yet allowing EThereum to garner all the power.

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EOS shit the bed, most of the core team left, and their initial dapp devs that came on or moved their dapps to EOS have left. Theres a whole issue with governance there and while it is a more affordable platform, ETH has first mover advantage and people recognise it with Vitalik being a great spearhead unlike the EOS peeps

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What a turn around...

Many truths here imo

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I deed community is the real value of Ethereum ! There is just more innovation than anywhere else ! Their hackathons are full of people and if there was no this has issue I think most competitors would be “dead”.

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This is the dilemma with dapp chains the pricier ETH gets and the more people use it the more ineffective it becomes for micro trades. Even if they do drop in sharding and ZK rollups and everything they want its only marginally going to improve this for a while until it scales to next issue.

As a utility platform you should actually have a shit tonne of tokens splitting the market cap like I hate to say it but tron, so you keep the price low and the percentage of fees will remain relatively low. But this means you don't attract investors because you're coin si not Mooning in-unit biased nominal terms

Its a chicken and egg situation.

I like uniswap but like you, i use it sparingly. Keen to see how that HIVE and LEO have been wrapped, i want to try and drop some in a liquidity pool and see how that works.

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Did you see the latest LEO news ? Crazyyyy things happening. I was kind of expecting it but not so soon.

I agree 100% for the egg and chicken but ETH 2.0 could be a moonshot just with lower fees for validators. Let’s hope it does not end up like EOS.

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Yes I am watching it, keen to see once they’ve met the liquidity requirements on Uniswap what the price will look like and how many other DEXs they go after now that we can have both HIVE and LEO on the ETH chain

I’ll have to keep stacking LEO so I have some to dump in the liquidity pools too!

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Just hope that Defi can stay around and effectively build all crypto prices and not becoming a bubble like those ICO in 2017. Defi can really provide banking help to avoid the physical bank restrictions beyond borders.

!tip

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Hello 👋 there ! Some definitely will not deliver and are like ICO 2017 but some are obviously just pump and dump !

Cheers 🥂 and thanks for the tips and comment !

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I believe we are going to reach a peak soon, especially with multiple hark fork of useless DeFi coins, governance tokens, etc...

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Well I thought so a few weeks back ! But the music 🎶 keeps playing and CryptoFans seem happy 😊✌️

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Dear vlemon....The hive torch has been passed to you....kindly check your wallet!

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I saw ! Thanks mate, going to pass carefully !

Thank you for trusting me :D

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