RE: What Would Make Me More Confident On DE-FI
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Isn't it the same as Stacking Hive or am I wrong? If I am wrong what is the difference then?
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You are viewing a single comment's thread:
Isn't it the same as Stacking Hive or am I wrong? If I am wrong what is the difference then?
I would say staking HIVE should be considered DE-FI its just that with HIVE you get more, you get passive returns, you get curation returns and you get resources to use on the site, that's a lot more than most DE-FI projects and far more complex
DE-FI at the moment is only looking for simple leveraging of capital so putting in, giving it to someone else for them to use and pay you back with interest. Basically the banking model on the blockchain.
I do think we can bring a simple form of DE-FI to have where people lock up their HBD or HIVE to get cash or can use it as collateral to get cash, we could set up flash loans, we can also have liquidity pools like uniswap which could make HIVE based DEX's far more attractive to build and use
Okay nice!
Doesn't sound like a bad idea for "stacking" HBD or Hive for cash
Exactly we all know there are people who are just here to sell the HIVE to get cash, so why not make it easier for them but also turn it into a way that benefits us, other than putting sell pressure on exchanges and tanking the token price
Tell some of the people behind the HF to think about that. thThey are the only ones who can do anything about it :D