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.
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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.
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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...
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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
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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.
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Did email get a bad reputation because of all the Nigerian prince scams?
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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.
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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.
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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.
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And playing a bigger part in 2021.
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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
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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.
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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.
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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.
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I am not sure how it all will unfold but I believe the gatekeepers will not be happy.
Just a guess though.
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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.
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I hope it does
I think DeFi is gonna be like a giant wave.
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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?
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