DeFi garnered a great deal of attention over the past year. With this situation, we need to separate the mania from the innovation.
DeFi is going to end up replacing the existing financial system. It is one of inclusion that usurps what we see from the establishment presently.
In this video I discuss how there is about $1 trillion in the hands of non-institutions at the moment in crypto. This is money that is never going to see the present financial system since it already operates in the DeFi world. While it might not be staked or involved, it is resident digitally. Thus, it will only keep growing as we see the across the board expansion of the industry.
▶️ 3Speak
I agree that DeFi is the future. I have been investing in stocks, bonds, options, real estate and then cryptocurrency, then the Steem version of DPOS, then the Hive version, then the Leofinance version and now HIve, plus Leofinance and Defi both on Uniswap with WLEO and Cubfinance with Bleo and Cub. This type of daily earnings and the potentioal of CDP loans is I belive unprecedented. The potential to earn several streams of income now from Proof of Brain are amazing. I suspect as you say this is just the beginning.
These are exciting times indeed.
Posted Using LeoFinance Beta
As the industry fills it, it is going to be amazing. This is something that is truly going to change things.
Fun times ahead.
I cant wait until companies decide to tokenize instead of listing on exchanges. Then people can buy into a publicly traded company with their Hive (or whatever) earnings.
Posted Using LeoFinance Beta
This:
I remember reading about this when Steemit first talked about SMT's
I thought it was a interesting strategy with great potential, but it never got off the ground, maybe Hive or Leofinance can kick start it...
Posted Using LeoFinance Beta
It is great that it expands in a huge and continuous way
Soon as you say, we will see it at a trillion dollars
I just hope it doesn't get a bad reputation due to fraudulent projects
Posted Using LeoFinance Beta
I think this is a valid concern as rug pulls and outright scams are large in number, although as audits and the knowlege of how to evaluate projects becomes more common I hope this will fade into the history bin of DeFi.
Posted Using LeoFinance Beta
Did email get a bad reputation because of all the Nigerian prince scams?
Posted Using LeoFinance Beta
Actully saving a bit to move over into BNB again so I can get some more CUBs. If the price stays low $3 for a few more days it seems like a no brainer to pick more up at these prices. Thinking about also sticking them in the farm over the DEN to pretty much 3x or more the amount of CUB I earn.
I have played with the idea of expending my BNB investment, especially since the pullback.
Posted Using LeoFinance Beta
Exactly the pull back over the last 12 hours gives a good entry point again. It was kind of skyrocketing a little fast and wasn't something I was willing to buy into.
There are a lot of opportunities and way to play things.
That is the amazing part. We are seeing a lot of avenues to make some money. This is something that people do not have before.
Choose between TBills and a 5 year CD...not much of a choice.
Posted Using LeoFinance Beta
Defi is already huge, and gonna be bigger. Defi and NET played a big part on crypto since 2020. Meanwhile, glad that there's BSC. Ethereum gas fees are just too painful.
Posted Using LeoFinance Beta
And playing a bigger part in 2021.
Posted Using LeoFinance Beta
There will be a lot of push back before defi is even close to replacing the current financial system. I think defi will be it's own thing in the near future that serves particular needs just like bitcoin became a store of value instead of a currency, not the intended use but still useful
Posted Using LeoFinance Beta
That is the thing about technology. It tends to morph in ways we never envision. Someone innovates believing it solves one problem and it attacks another.
Marketplaces are funny that way.
Posted Using LeoFinance Beta
This is great. I'm glad you refuse to be boom'ered.
Hey! I resemble that remark! ;-D I am a boomer - and I'm really excited to see where you young "whipper-snappers" are going to take all of this.
Keep innovating and evolving!!! Decentralize EVERYTHING!
Well I am not a boomer so it is easy to refuse it.
Posted Using LeoFinance Beta
lol'd
19.69 of course.
I am also wondering how the present system will change as we move towards digitalization. The tokenizations and NFTs seems to make the most sense since it removes most of the barriers to entry and is the most inclusive for the largest group of the population. The problem is that banks and other organizations will still be a part of the economy but as for what portion and how they look, I do not know.
Posted Using LeoFinance Beta
I am not sure how it all will unfold but I believe the gatekeepers will not be happy.
Just a guess though.
Posted Using LeoFinance Beta
Yeah I agree with you I am also starting to get interested in defi projects and I am especially interested in bnb chain and new upcoming okx chain
There are a lot of things happening so you will have many choices.
I hope it is extremely profitable for you.
Posted Using LeoFinance Beta
I hope it does
I think DeFi is gonna be like a giant wave.
View or trade
BEER.Hey @taskmaster4450, here is a little bit of
BEERfrom @pixresteemer for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.Congratulations @taskmaster4450! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!
Thanks for all this information. I'll stay in tune to keep learning about it.
@taskmaster4450 I love that you are using 3speak to get your videos here on leofinance, but I can't figure out how to do it on my end. I must be missing something. How do you do it?
Posted Using LeoFinance Beta
Summary:
In this video, the speaker delves into the topic of DeFi (Decentralized Finance) and its potential impact on the financial system. He emphasizes the inclusive nature of DeFi compared to the traditional financial system, which he criticizes as being exclusionary and manipulated by major institutions. He predicts a significant shift towards DeFi, with the possibility of seeing hundreds of trillions of dollars in the DeFi space. Additionally, he discusses the concept of yield farming, the challenges and opportunities DeFi presents, and the tokenization of assets and business structures. The speaker concludes by highlighting the transformative potential of DeFi within the emerging metaverse and the broader Web 3.0 ecosystem.
Detailed Article:
The speaker begins by highlighting the importance of DeFi as a foundational element for the advancement of the financial system, predicting an exponential growth in the DeFi space, potentially reaching hundreds of trillions of dollars. He contrasts the inclusive nature of DeFi with the exclusive and manipulative practices of the existing financial system, pointing out the need for a shift towards a more transparent and accessible system.
The speaker discusses the core principles of DeFi, including yield farming, which allows individuals to earn returns by participating in decentralized platforms. He acknowledges the risks associated with high-yield DeFi opportunities but envisions a future where DeFi provides solid returns that surpass traditional financial instruments like bonds and stocks.
Moreover, the speaker touches on the concept of tokenization within DeFi, emphasizing how assets such as real estate, intellectual property, and even communities can be tokenized to unlock new forms of financial engagement and investment opportunities. He underlines the significance of these alternative business structures, such as LAOs (Limited Autonomous Organizations) and DAOs (Decentralized Autonomous Organizations), which operate on tokenized frameworks rather than traditional stock markets.
The speaker further explores the potential impact of DeFi within the burgeoning metaverse, where digitized assets and gaming tokens intertwine with DeFi principles, creating diverse economies. He predicts a massive influx of gamers and users into digitized assets, NFTs, and fungible tokens, envisioning a future where individuals seamlessly navigate different economies and create wealth within the metaverse.
In conclusion, the speaker underscores the monumental impact that DeFi, along with the broader Web 3.0 ecosystem, can have on society, comparing it to the transformative influence of the internet. He emphasizes the immense wealth creation potential and societal transformation that DeFi and tokenization can bring, heralding a new era of financial inclusivity and innovation.