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/biz/ - Business & Finance

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17612764 No.17612764 [Reply] [Original]

Look I want to understand how to make money with DeFi, I do. I don’t feel stupid, but wtf is chai? I understand it’s a nascent space, but how do I profit off of this, honestly?

It really seems like DeFi has potential to not be a meme, but these devs do a great job of making it look like a meme to not take srsly.

>> No.17612773
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17612773

Unrelated, any of you got the Apu version of this?

>> No.17612793
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17612793

>>17612773

>> No.17612803

>>17612764
It's no bigger a meme than Wall Street traders with their Quanto swap exotic derivatives. Financial Legos has always been a thing and it gets complicated. If it's too much for most people to understand it's because they aren't smart enough to maximize their returns anyway and should stick to savings account at their community bank

>> No.17612810

>>17612793
Lol thanks

>> No.17612851

Chai like a chai latte? Maybe he was just making fun of DAI

DAI more like chai haha get it

>> No.17612891

>>17612803
this desu

if you have to ask it means you're the sucker

>> No.17612916

>>17612891
I guess you’re right. I don’t hold any of it, but I did see all these devs tell everyone to hold DAI, then multi collateral DAI, and now Chai tea, al in the last 6 months.

>> No.17612957

>>17612764
>>17612851
It's just DSR wrapped into a token
https://chai.money