Redpill me on DeFi

[Anonymous No.16520536]

Provide specific examples.

[Anonymous No.16520565]

>>16520536
For instance: a crowdfunded smart loan.

Basically peer-to-peer financial products, without middlemen like banks, insurance companies, lawyers, ...

[Anonymous No.16520588]

Just the latest Ethereum buzzword to sucker in normies.

[Anonymous No.16520603]

>>16520536
The exciting thing about defi is that it's going to make the mega-whales realize that they can be doing more with their assets than just having them sit there/running a node/mining. I really think that it's the next step for 'crypto as money' for people to make their crypto work for them.

Synthetix is trash with an unhinged CEO, but thats fine -- they only have to be a proof-of-concept. Once folks with huge wallets realize that it works, they'll demand it and the market will provide.

Gonna be a bright year for defi.

[Anonymous No.16520611]

>>16520603
why do you say he's unhinged? seems like your run of the mill aussie shitcunt who's active in the community

[Anonymous No.16520633]

>>16520565
>financial products
Aside from crowdfunding, what else ? Parametric insurance ? Doesn’t seem to be in demand

>>16520588
Checked and based

>>16520603
>whale wallets
Well these whale whallets Can also go and invest in Tesla and other boomer stocks ? What’s so special about defi that attracts whales, developers, and normies ?

[Anonymous No.16520656]

>>16520611
The weird ego battles he has with his critics, and the weirder ego battle he had with his hacker. Not a good sign.

Talked to some more technical people I know who also say the frontrunning problem can't really be solve with their underlying architecture. I don't expect them to be a top 5 project by the end of the year.

[Anonymous No.16520657]

>>16520633
>Aside from crowdfunding, what else ?
The example I gave wasn't "crowdfunding", it was a loan.

Insurance, derivatives, bonds, bets, ... any financial product or service you can think of.

[Anonymous No.16520677]

>>16520656
Sorry, meant to say end of next year.

>>16520633
Most whale wallets are ideological believers in crypto, or they would go invest in those products right now. Instead, they're camping their money in a couple coins in their wallets.

What defi will do is give them access to a method by which they can increase their wealth (aside from the fluctuations in their assets' price).

Once there's adoption from the crypto community, normies will presumably follow suit. There are defi products that can offer superior savings rates relative to a traditional bank specifically because they're not taking the bank's cut.

[Anonymous No.16520695]

>>16520656
i don't think the hacker thing reflected all that badly on him. From what I can gather the dude accepted the bounty then went right back to frontrunning, and then the team figured out how to use the same attack against him to drain his wallet and he got super butthurt about it.

I think the Chainlink approach of saying nothing at all is the way to go, but I'm not gonna wag my finger at a CEO that is not shy about getting in the mix.

I personally can't think of a more important project right now. I usually do call it a ponzi when it's brought up here though. A few anons who were smart and kept quiet made out like bandits in the Eth/Seth liquidity pool.

[Anonymous No.16520730]

>>16520657
Can you give an example on how a derivative or an insurance product can look like ?

>>16520677
Some type of products of “hold my bags and give me x% ROI”. Doesn’t seem so compelling as to be driver of adoption

[Anonymous No.16520744]

>>16520695
ChainLink marketplace twitter was shilling SNX. So they aren’t standing quietly

[Anonymous No.16520762]

>>16520730
>Can you give an example on how a derivative or an insurance product can look like ?
Like a derivative or insurance product, except with a smart contract instead of a regular contract that requires human input.

If you really want examples; Swift asked Chainlink for a 'smart bond', and ISDA is looking at 'smart derivatives' with Chainlink partner OpenLaw.

[Anonymous No.16520791]

>>16520744
yeah i hate those faggots

[Anonymous No.16520794]

>>16520762
The issue I have with derivatives is its recent history of the 2008 crash. Derivatives haven’t been a safe form of speculation in mass. But yes, I do agree I’ll need to research what type of work the stinksters are doing with Lubin and Co.

[Anonymous No.16520807]

>>16520794
If anyone knows how link and open law are creating ethical derivatives, please do tell.

[Anonymous No.16520851]

>>16520807
What do you mean?

[Anonymous No.16520872]

>>16520536
https://beta.neutrino.at/

based on waves platform.

[Anonymous No.16520977]

>>16520851
What types of derivatives are open law creating? Can you break it down in brainlet English ?

[Anonymous No.16521151]

>>16520794
>>16520807
Hello I'm the hopium autism anon that normally hand feeds idiot nubs with 10 paragraph answers.

I would like to inform you that you're so retarded I can't stomach responding to you. Kindly kill yourself.

[Anonymous No.16521285]

>>16521151
>I can’t give a practical example of a derivative

[Anonymous No.16521341]

>>16520536
really dont want to spend time on this retarded post i got better things todo

pooled liquidity is the killer app of etheruem right now. read this fucking article the whole thing https://finance.yahoo.com/news/decentralized-liquidity-backbone-defi-090000995.html

second you have synthetic assets. this is a no brainer. (derivatives) gold can be pegged and traded without having spot prices. apple can be bought in fractions and sold to third worlders for pennies

then you have set tokens which auto scale funds based on MA and smart contracts its quite intelligent use and can be lucrative

another strong use case is cDai. The idea that holding a token can accumulate interesest on chain is mind boggling a a true game changed for bonds and treasuries are the next logical step

lossless lottery is also total boss idea that provides virtually zero risk with a small benefit. i.e. pooled together

[Anonymous No.16521388]

>>16521285
Smart derivatives would work the same way they do today except with no middle man required to enforce the contract since the contract terms are coded in a smart contract on an immutable blockchain with secure inputs from chainlink triggering execution

[Anonymous No.16521403]

>>16520536
>fragbox

savings account where you pay 10% to enter and 10% to leave

(aka weak hands lose, always profitable if you just sit tight)

[Anonymous No.16521411]

>>16521388
>NPC bot mission execution successful return to hive mind for reprogramming

[Anonymous No.16521423]

>>16521403
the economics of this are straight pyramid i hope you know this

[Anonymous No.16521442]

>>16520536


KNC and SNX are the only two projects you need to study right now.

Asking why would be the same as asking why choose a DEX over a CEX. Basically, just use the Idex case. After IDEX was found to be a CEX and started asking for KYC and locking out US residents it lost 90% of its trade volume. think about that for a second....

DEXs don't need anything. you just swap your coins on Kybernetwork. Also, KNC is currently the largest DEX network with over something like 50 integrations. They are about to change their tokenomics to something that is more favorable for hodlers like SNX. With Binance, Idex and other exchanges locking out US residents and demanding KYC id EVERYONE will start trading on DEXs. and Kybernetwork makes it easy. Its a swap. You just hook your wallet up and the swap happens automatically. once you try it once you realize that KNC is the future of DEXs

SNX is a great investment for a derivatives play. as of right now Bitmex is the largest exchange with over 2.4billion trade volume a day. SNX looks to meet that volume on their DEX. The difference? Because Synthetix is decentralized and the tokenomics favor the holder all the trade fees is spread out to the holders and stakers of SNX. remember Bitmex trades 2.4 billion volume a day. SNX at half that makes SNX hodlers unironically in the 1% of crypto.

[Anonymous No.16521452]

>>16520656

SNX is integrating with Chainlink oracles that solve frontrunning.

[Anonymous No.16521475]

>>16520744

Chainlink marketplace twitter is a fan account.

[Anonymous No.16521491]

>>16520536
Lastly, one thing to remember.

All of Defi is relying on Chainlink for data input.

So a bet on Chainlink is not only a bet on Smartcontracts but also Defi. Literally, Chainlink is the Architecture supporting Defi. Without Chainlink non of it works when it comes to high value high volume.

[Anonymous No.16521506]

>>16521341
>>16521442
May Kek bless you for your insights

[Anonymous No.16521582]

>>16521341
Dumb nigger didn't deserve this. Defi allows any number of people from anywhere to become their own bank/brokerage.

At significantly better rates to customers, better roi, and without need for a physical branch or employees/a management mechanism. Like crowd funding on steroids, with no middleman jews.

Normal people don't have access to real derivatives, they're institutional (membership fee) and cost 5-25k+ per trade.

This tech opens an entire new financial world, at a fraction of the costs and fees. Not only in the first world, but even more so in the 2nd and 3rd.

[Anonymous No.16521594]

https://www.coindesk.com/santander-exec-claims-blockchain-success-as-bank-redeems-ethereum-issued-bond

https://etherscan.io/address/0x12959b84d507df134ec59c1fc4044b03f33a9947#tokentxns

https://twitter.com/_johnwhelan/status/1172265156019183616?s=21

[Anonymous No.16521608]

XHV

[Anonymous No.16521665]

so what how do i profit off this defi movement?

[Anonymous No.16521936]

>>16521665
sell shovels

[Anonymous No.16521953]

Bidao

[Anonymous No.16522588]

>>16521285
Happy stupid faggot? Spoonfed

[Anonymous No.16522746]

>>16522588
Defi is the equivalent of a world wide stock exchange.

But does the amount of a synthetic asset impact the underlying asset value ?