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The lending, staking, and lp is nice but no incentives

really if you think about it. What else can I do with my defichain right now? Nothing much else

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Hey, DeFiChain has his own decentralized Exchange. And soon there will be loans and stock tokens on DefiChain. Furthermore its planned to have the possibility to create own new Tokens.

you can get cashflow and be financially free in no time. what better incentive do you need?

lol dude, in order to survive in this competitiv market this can't be the only usecase 🤣

lol dude, any bitcoin based competitors? 🤣

👍

Looks like we have different definitions of XYZ based. For me Layer 2 solutions are XYZ based. They can not exist/work without the root chain (Layer 1) DefiChain can perfectly exist without BTC chain.

How is it completely unrelated to BTC? What about the fact that DeFiChain is a fork of Bitcoin? Or the Bitcoin Anchoring? Or the Atomic Swaps? I wouldn't call that completely unrelated

I got your point, but I woudn't say that it is completely unrelated to BTC. Of course some feature are decisions that can be switched, but that doesn't change the fact that this is the current state :D

Its as related to Bitcoin as any other coin where there is a Liquidity Mining pair with BTC, the Chain itself and the rules applying for DFI are not on any way inherited or enforced by Bitcoin, its a seperate chain, not a DeFi solution ON Bitcoin -> then it would use BTC/Sats as tokens, it is not a L2 solution on L1 Bitcoin main chain. Lightning uses onchain L1 BTC, locks these in a channel and two parties can move the balance in this channel to enable bidirectional payment. It doesn’t need a separate coin to operate and al rules applying to the coins are the same as for the locked L1 BTC, number of coins cannot be increased independent from BTC, consensus mechanism when settling a channel to L1 cannot be changed to PoS. So the marketing speech Cashflow on Bitcoin, Defi on Bitcoin is not true at all, all cashflow and Defi is based on DFI on the DeFiChain, there is no relationship to L1 Bitcoin. Even the LM pair is not REAL bitcoin bit just a synthetic token named dBTC which is created 1:1 for a real BTC when the pair is created. The real BTC remains onchain, and all DeFi is done on the Copy.

akp- Автор вопроса

To be frank cash flow is pretty weak, the returns I got on lp where pretty bad. I would highly suggest looking at what else is happening in defi land.

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