Defi just morphed into a new age, are you in it?

avatar
(Edited)

Untitled design-25.png

There's been a few iterations of block chain tech over the past few years with the very first being mining launched with the powerhouse of Bitcoin which continues to remain in the hearts and minds of middle class Americans and other nations.

Eventually all things get expensive and as more people enter the Cryptocurrancy world more look for alternatives. There will never be another bitcoin despite many still in search of it. There will be other tokens and chains each with their own unique purpose and value.

Ethereum came to be as an alternative and use cases but it's fees have also caused many to start searching for alternatives.

Not it's binance turn to shine and there has been significant growth. Hell I was slow on the uptake I held 10BNB at one stage when it was $50, I also remember it's price rise. I literally sold them I think it was around the same time CUB was launching and it went $50 $100, $300, $500.

It's still relatively cheap for what it will become. Easily reaching the $2000 mark in time. As more and more project launch off it.

So let's take a quick look at the technology that has brought us here and the new one emerging.

Bitcoin

Untitled design-13.jpg

First introducing us to the # and multiple systems competing for a code to be awarded the winning tokens. No one except a few anticipated this would he such a hit and become what it is today. I believe the tech was first invented by NASA or something. They didn't see much use so away in storage it went.

Makes me think, was it a CIA or FBI tool released into the world to cause financial disruption? Is this why we don't know who the creator is/was? Who knows but it has been amazing to watch.

Ethereum

Untitled design-31.jpg

The #2 on the block chain another one only a few saw coming and with it, it's greatest integration of Decentralised finance. Staking and earning APR has been a rage on the platform. We've also recently seen NFTs come to rise on the Ethereum block chain but where these are current on Ethereum they are also pretty much on every chain. Not unique and not what the chain is most used for.

Alot of chains have begun to emerge to replicate Ethereum with low fees and I was all in on Polkadot not too long ago but since removed my position as I don't think this block chain will do as good as it said. It may eventually but we will be waiting some.time.and it.is.a good chain.

But there is a new leader in town in Binance.

Binance

download.jpeg-13.jpg

A hard fork of Ethereum and for many an escape from Ethereums high fees. It's first integration that was successful was its exchange. Low fees, high speeds and alot on offer.

It's decentralised finance was also good value and it's where I am now with bleo and CUB. It is also where the new age of Defi is emerging.

Safemoon

download.jpeg-12.jpg

Yes, a project with not much confidence at current and probably no real use case at the moment except for one major change in the defi world. No staking required. Just HODL in your wallet and receive an APR.

Our Glass

ourglass-logo-white.png

Again the latest to launch on binance and I dont really know much about the project except that it followed safemoons lead and provided APR to HODLRS.

Now an interesting change is that these two tokens have high circulating supply which at first glance can be a put off for many. But it should because there is a change with these two tokens.

Slippage is set high and both have a 5% to liquidity and 5% to hodlrs. They entice people or reward people for holding and penalise people for selling.

At current token price is cheap as chips if not cheaper. So you can purchase tones of it for next to nothing and by simply HODL you get massive ROI.

You could be forgiven for thinking it won't do well. But look at it as a cheap entry into.the new Decentralised finance system and its morphing.

Without the requirement to stake, provide liquidity there's a whole heap of less processes involved streamlining the.defi network. This makes it all the more attractive to newbies.

As more people enter the network the amount you receive from the 5% cut will reduce similar to a reduction in APR. So you'll need to buy more the get more.

I can not express how excited I am to be witnessing the morphing of the Decentralised Finance sector. This is what will further push Binance along as a leader. The removal of having to stake which not only increases its ease of use but also security. No stakes means a largely dispersed holding of the token increasing security and harder for hackers to breach.

There's no one big magical pool of cash for hackers to go to that is being publicly advertised. Instead there are thousands of wallets earning APR. Yes they can watch where transactions are going but to.try and breach each wallet would be time consuming and if successful everyone would know pretty quickly and could start taking action and moving their tokens quickly and cheaply.

The new age of Defi has just emerged on Binance.

Are you excited and what are.your thoughts?

3W72119s5BjW4PvRk9nXC1RsHWxNoWjhqsdMpcQhVYtgY79TTYQxi5s2Yd88E8HkDAiDJ5ThyT6ADmiqQ6aKrJuubiG6ekFRiQw4g5RcDkwfjvfeMxGWDL.webp

2923mN3pnd7PfoCxi33KmQBGRMVc3LuPSdqaxkc4VTC4w3DcqvmA77rgoJahJzwsLbKmDRaeAf4oE1UsghBqoaGXtY5VM1T1pZqeEepjbQNt2A.webp

I use a premium photo sourcing subscription that financially supports artists.

Posted Using LeoFinance Beta



0
0
0.000
2 comments
avatar

It certainly is turning into a brave new financial world. Look forward to when I use my crypto as collateral easily for purchase of real estate (doable now but difficult)

Posted Using LeoFinance Beta

0
0
0.000
avatar

Yes that would be good, I'd anticipate that's when yield farming will become highly sought after. It had better returns than a bank!

Posted Using LeoFinance Beta

0
0
0.000