DeFi is Dead!?

avatar

image.png

I saw a lot of posts and social media convos about DeFi over the past 2 days. Some DeFi coins tanked alongside Bitcoin but posted double digit % losses.

While like most rational people I bought the f'ing dip, I think that a lot of people out there FUDDED out with the news and got dumped their bags.

Weak hands do weak things.

Instead of crying about the dip yesterday, I found opportunities to buy some of my favorite coins on the cheap.

AAVE is a lending protocol on the ethereum blockchain. It allows you to take out collateralized loans against your crypto or even loan out your crypto for a specific annual percentage yield - APY.

AAVE's native token - LEND - dumped off its recent highs alongside Bitcoin and many thought that this could be the end of DeFi.

I literally read post after post on the media outlets calling for the end of DeFi. Saying that "the bubble had burst"... What a ridiculous way to think.

That's just a reason to start buying more. Buy when there's FUD, sell when there's FOMO.

I live by that mantra, so yesterday I bought LEND at about $0.51 / LEND. This is a $10 token in the making.

My opinion, not financial advice.

Posted Using LeoFinance Beta



0
0
0.000
1 comments
avatar

Congratulations @asteroids! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 41000 upvotes. Your next target is to reach 42000 upvotes.

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 STOP

Do not miss the last post from @hivebuzz:

Feedback from the September 1st Hive Power Up Day
0
0
0.000