@DmgBautista need your input on my understanding of defi . Defichain

Question

@DmgBautista need your input on my understanding of defi . Defichain

mission is to disrupt traditional banking to allow users to stake & lending in return of x% which is similar with bank by offering deposition and lending .
Defichain is using Bitcoin network to create smart contract with the objective to be able to have a trust less system with Min or close to zero fraud .
On top of that , defichain also able to offer users to invest in decentralised stocks / option (future).
The above is the use cases or utilities of defichain.
Other than that , rewards from LM willl be burned hence it ll reduce the circulation of supply .
In nutshell defichain ll increase the utilities overtime and at the same time reduce the supply of tokens.
😱if this work well then we should see the huge increase in valuation. Am I right ?

#blockchain #cryptocurrency #defichain #english

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24.01.2022

3 ответов

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Dennis Washington

DanieL BaptistA
Yes, you are correct! That will eventually drive i...

Excellently said

0

25.01.2022

YSL Автор вопроса

DanieL BaptistA
Yes, you are correct! That will eventually drive i...

Yes initially I have doubt coz no one build on Bitcoin but defichain is the pioneer.. i joined becoz of chicken genius and since then I start to understand more on the eco system . Frankly Atomy exploit taken me a back but how the team handle and react was kind of impressive.. for now looks good from the road map to the project team . I think it’s a long term project need constant monitory and patience . Meantime I ll just stake till we make it

0

25.01.2022

DanieL BaptistA · Accepted Answer

Yes, you are correct! That will eventually drive increased adoption and the consequential FOMO, which will eventually end in the unavoidable listings that every user dreams (not gonna say them here to not get the usual meme gif 😅). Price build up will continue until that happens and when eventually happens, will skyrocket. Not want to spread misinformation, this is just my honest opinion as an investor and someone that studies and sees in Defichain and its community/partners one of the top performers by a lot in comparison with the competition which is also not a lot (Defichain was clearly first in class and its going were almost no one dares to go, even less so successfully, which is defi on bitcoin). If it was on Ethereum, I have no doubt that we would be more successfull in the near term, but we would had sacrificed the long term growth, which builds up in time and will be much more expressive therefore. Make no mistakes, what stopped Defichain from being so recognizable and known in the short term, which is not being Ethereum based (the "to go" platform for anyone trying to implement defi in a relatively easy and fast way) is also exactly what will now allows defichain to be so successful. Many ethereum defi projects will die in this current crypto crash and subsequent ones, don't doubt on that. Competition is fierce between them, with added security issues and scalability, that Defichain does not feel, being based on Bitcoin. This makes Defichain less known in the near term, but allows it therefore to develop more, to create innovative products and whatch closely what happens with the defi solutions on Ethereum and preemptively adjust acordingly. With the developed product, marketing will kick in and we are already starting to see the first signs of that with the Defichain Accelerator team. Just look at the roadmap, you will not see such ambitious and generally on time roadmap in any other project. The future is bright! And you can write this down, this years will be amazing. We are not prepared for what this decade will bring us! 😅 Defichain is a diamond in the making 🙂 Hope you may share of my enthusiasm, as the rest of the community. And sorry for the long post! I dont have a potato, but I have sweet rewards from Defichain, if not, it's even better! Best regards! 👍

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@DmgBautista need your input on my understanding of defi . Defichain

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