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20523467 No.20523467 [Reply] [Original]

Why is DeFi so popular in this few months? Will it kick start the next bull run?

>> No.20523575

That’s a reptile

>> No.20523625

>>20523467
I think we are at the beginning here.

Although many Defi projects have already pumped, they are still relatively undervalued imo.

The amount of $ in ETH's Defi ecosystem will drive ETH up.

>> No.20523678

>>20523625
there will be a few defi projects in the top 10 soon anon. chainlink is just the first.

>> No.20523711

>>20523467
Think like hedge funds before 1990 (under 2B in management).This is Defi today.

Except now, anyone with a smart phone has access to the same financial instruments which we're provided by institutions before.

>> No.20523877

>>20523467
But ETH can't scale

>> No.20523947

>>20523877
It's only an issue when they want to cash out to real assets. IRL people will just dilute the supply thru stable coin keeping major coin relative aum/mcap ratio stable

>> No.20524306

Banks stopped giving anything decent for fiat.
No more savings bonds. CDs are a joke. Interest gained on savings accounts doesn't even cover fees.

Defi:
>Comes out with "staking"
ho-le-fuck

>> No.20524386

No, for real. GO back to people who have always ignored you when you talked about crypto and tell them that you have "An account that gives me x% interest" for what you get via rewards for staking. Without mentioning crypto.

Watch their faces. Its insane. Its a light show of jealousy.

>> No.20524421

>>20523467
I believe so.
Wasn't ETH/smart contracts the trigger of the last bull/alt run?

Link/Oracles can be the trigger of this one

>> No.20524456

>>20524386
Normies don't trust crypto because of price fluctuation.
Once crypto becomes more stable, they'll finally start to use it.

>> No.20524461

>>20523467
eso es un hombre

>> No.20524513

>>20524421
yes, the longer bitcoin stays stable and you can get 6% for it people will start using it more and more.

>> No.20524623

>>20524513
>>20524456
BTC volatility hasn't been this low in a while

Looks pretty stable to me

>> No.20524870

>>20523947
ETH cost $0.428 to simply send money back and forth right now, imagine if people actually need to interact with complex smart contract and when ETH price goes up.