DeFi Attacks 3.0 .:. Hump Day Easy Talk
Today, I have read a post where the author was talking about his friend who has come back to HIVE after a year and a half break... How things have changed and how he will need time to catch up with all good things that have been built in blockchain space... If you were here back then and you roll out the movie back, you will see how much this blockchain evolved...
The same goes for decentralized finance (better known as Defi) projects... They started to get traction in 2020 and immediately got the name "Wild West" of crypto, for many different projects experimenting with traditional financial products implemented on blockchain technology... It was LAST year, and it looks like DeFi is here for ages!
My first tryout with DeFi was thanks to Leofinance and their "excursion" outside the HIVE ecosystem, creating a wLEO token on Uniswap... I have jumped there on day first and provided liquidity in wLEO-ETH pair... Now, when I'm writing this, I remembered that I had another try before that... It was on the Compound network where I was playing with my BAT earnings, but that doesn't count...
The second DeFi project was CUBDefi which was launched almost in the exact time as @achim03 and mine's @Liotes adventure... As I was too busy around our project I didn't have enough time to explore and research deeper into CUBDefi... That was probably one of the biggest mistakes that I have made as it is an awesome idea, developed by a great team, with enormous potential...
I have decided that I will not permit myself the same mistake for the third time... After the LEOFinance team announced that they will launch a new (extended) DeFi project on the Polygon network, I have decided to take some time to research everything BEFORE the launch and to be prepare on time! As I have missed that kind of dedication the first 2 times, I have needed almost 3 full days of investigation and learning to get it... And, I still do not get it all... lol...
The thing that I get is that there was an "evolution curve" between the "Wild West" of crypto and DeFi today that is much safer, and much more secure than the first versions... If Polycubs delivers what they have on the paper at the moment, we will have a modern DeFi platform where the basic token will be backup up with real assets!
Check out the video (sorry about the wind)...
Links to check and learn more:
Introduction to PolyCUB Platform Mechanics | DeFi 2.0, xPOLYCUB, Bonding & $1M+ Airdrop to CUB
PolyCUB Mechanics Spotlight | Protocol-Controlled Value
Introducing PolyCUB | Preparing for Launch, Tokenomics, Airdrop Details & Partnerships
Thank you for your valuable time,
~ph~
Music in video:
Growing Up by Scott Buckley https://soundcloud.com/scottbuckley
Creative Commons — Attribution 3.0 Unported — CC BY 3.0
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▶️ 3Speak
Doing the research is a good thing and I think I might just learn along the way. At least right now, all the information isn't out yet so I see no rush for myself. However doing the research now will make it shorter to understand the future posts.
Posted Using LeoFinance Beta
Exactly... It's easier when you are learning step by step... Every new DeFi was an additional lesson for me and helped me to understand the next one... :)
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There is a lot happening all over lol thanks for sharing buddy great video
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