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RE: Now Crypto.com Plays a DeFi Card. Forks Uniswap for DeFiSwap Offering Triple Yield

in HODL2 months ago

I almost went all in but as I know this project will probably screw me... I did not do it. Did they understand that their coin might be dumped in just 14 days ? (Even with staking). It seems odd to me.

This bonus is almost getting to me but to get the multiplier you need to stake for a long time ! Therefore I still prefer my Easy-peasy DeFiBox/ Sun at the moment.

Did you see the Binance DeFi project ? I have trouble understanding it tbh. Do you?

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True, it was tempting for me too but I thought many people will rush their liquidity to avail free CRO (the way people are doing to get LEO airdrop). So my estimate was I would get only 5-6% return in CRO head for first 2 weeks (at best, since I never intended to stake CRO for the multiplier). It may be a good opportunity for bigger investors but I'd get hurt with all the Gas fee; and risks involved for small gains wasn't worthy of it. However ,I ain't expecting a huge dump after 14 days as CRO supply is huge and with other schemes in operation, it will take some time for any dump. But I'll give it a passe.

Binance DeFi project? Are you talking about the DeFi staking thing they recently started or something else? If so, I think it's just like our very own LEO groups who are pooling resources for a group-investing to save on Gas.

Don't fall for Binance's 60% APR or blah, blah. It's preceded by the word "upto". So the highligted APR is the Maximum Estimated Annual Yield with all the risks of losing your principal investment. Binance is just mediating the investment enabling smaller investors to participate in DeFi AMM pools. Nothing more.