The Future Of DeFi - The Evolution

avatar

crypto1.jpg

All the new hype around CUB as of the last two days has got me excited and writing about DeFi more than any other topic. It's because the future of DeFi is bright and has the potential of being something huge. Some of the most notable DeFi platforms would be Sushi, Pancake and of course our at home CUB.

We don't really want CUB to be at the head of the pack. (At least in my opinion) Any crypto or platform that is heavily in the news is subject to attacks, FUD and worse off government intrusion. Yep, the government only goes after the big dogs where the dollar value is worth their effort. It's a way for the SEC to train their attorneys and also pick up some extra money. The SEC at one time had it's place however it's turned into a attack dog of the government as a way to train and bring money into the government to sustain the SEC.

leoline.png

The Struggles Of DeFi

At the moment DeFi is still small. This time last year the market cap of DeFi was only 1 billion dollars which quickly came to power a few months later hitting a peak of 86 billion and falling to the levels we are at today of roughly 60 billion. This was in part to the crash but more so over the hacking, rug pulls and other scams that came with it.

This is a constant progression we see as crypto expands and moves forward. Much like in 2017 where every stupid coin and fake project was launched to get a few million in crypto which ended up crashing the market the DeFi space starting taking a similar shape. It's a highly volatile place at the moment as any new bred of money management should be. High risk is the possibility of high rewards. It's those moments that either make you or break you but doing your researching and investing in a company you believe in (for myself that's CUB and CAKE) you can somewhat limit those chances or feel good about making the best decision you did at the time based on the information you had at the time.

leoline.png

The Future of DeFi

The future for DeFi is bright though. If we look back at the track records of crypto we see every 2-3 years it takes on a new life and a massive new rally pushing us to all new highs. DeFi has only had one of those such cases and it's been holding steady which to me feels like the base line primed and ready for the next rally. These current levels at 60 billion means we are 1/20th of the expected size of DeFi in the next year.

leoline.png

DeFi Evolution

Since we are only a year old roughly in the DeFi space it's only been used in certain ways so far. Other new innovative ways will come such as KINGDOMS on CubDeFi - Kingdoms there are sure to be many more innovations to the DeFi space along with more security which will propel the space to new levels.

Posted Using LeoFinance Beta



0
0
0.000
8 comments
avatar

What other changes do you think will happen on Defi? Now that the kingdoms are out, I am assuming its probably just more kingdoms and branching out to other chains.

Posted Using LeoFinance Beta

0
0
0.000
avatar

This is a very interesting observation. Crypto as a whole is still relatively new and DeFi even more so. I think we're only scratching the surface of what it's going to be in a few years and those of us that are this early in the game have a huge opportunity to build themselves a solid position for when things really start to pick up.

Posted Using LeoFinance Beta

0
0
0.000
avatar

That is an interesting topic. But please don't use the #spt tag for topics unrelated to Splinterlands.

0
0
0.000
avatar

There's so much to come and companies like Cubfinance will be at the forefront because of their consistency and track record.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I'm a bit confused about what you mean by Defi here. Are you talking about liquidity pool type stuff?

People often use the terms interchangeably but doesn't Defi cover any finance that isn't centralised and not just Farms etc.?

The only farming I've been involved in so far is on CUB Defi because there was a lot of support there. Most of the other stuff is a bit complex for me and seems to need to be managed.

As the space grows I hope the products get easier to use.

It's going to be interesting watching what happens when Cub Defi starts to bring in some YOLO pools. I might be tempted to have a bit of a play with that. 😁

Posted Using LeoFinance Beta

0
0
0.000
avatar

Looking at things from this point of view of yours, I wouldn't want cub to be watched and monitored, although obviously I know that any operation that has more than 10 million is under the radar, but not on the main list.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Curation and Education Project for LeoFinance
@erarium

This post has been voted on by Erarium's Curation Team Our goal is to reward financial content within the Spanish and English community for LeoFinance. We have liked the content you have expressed in this article and we would like to invite you to continue developing material of this type, and to use the #Leofinance tag in order to make the community grow.


We invite you to join the LeoFinance Discord so that we can interact and continue to grow.

Erarium Discord

Posted Using LeoFinance Beta

0
0
0.000