So, I would be interested to getting to know, what

Question

So, I would be interested to getting to know, what

the future incentive for holding dfi will be. At the moment the clear and unique incentive is, earning the mining rewards. as they will decrease over time the incentive has to be compensated. ok, there are the dex fees on one side and borrowing and lending on the oter side. but for exchanging on a dex and borrowing and lending, there are many other platforms, and there are market makers already. so what will the usp of defichain be? if I want to swap eth to usdt, I can do it at the market makers exchange uniswap and swap it directly. why should I do it on defichain, where I have to get my coins over to antoher chain first, and more then that, leave it on the other chain( because I cannot withdraw for example usdt from defiwallet to an exchange), what also means being dependend from it....... this is question one

#blockchain #cryptocurrency #defichain #english

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13.03.2022

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Zachary Chan · Accepted Answer

Every coin is fighting to be valuable. If you believe ETH is valuable to you, then keep using ETH. I’m not trying to sound dismissive. Hear me out. The value of any coin is it’s utility. If there are no other blockchains around and there was only ETH, then what would uniswap swap to? Where did all these other coins that you can swap in uniswap come from? Each new coin has to exist from another blockchain project. If we created a new blockchain, say Defichain, and we have our own coin. We of course want our own coin and ecosystem to succeed. Why would we then fall back to an already established blockchain like BTC or ETH? If that was the case, then I would just continue using BTC or ETH. There would be no need for defichain at all. And we definitely have to compare it to BTC and ETH. They are the most established blockchains, yea, but technically ALL blockchains are exactly the same. How is one blockchain and coin different from another beside its ‘value’ on an exchange? And what makes up this value. Now to at BTC and ETH have been in the market for so long, why have they stayed so prominent? There is no BTC staking that gives 40% APY. A coin is just a coin. At what point will that coin gain enough traction to be considered mainstream and not have to rely on rewards to attract users. And how can a coin or blockchain achieve this? Can it do so purely by hype? Which is what many meme coins try to do. DeFiChain is trying to do so by creating a working ecosystem for decentralised finance. Again. I urge you to read the defichain whitepaper. It outlines what the project hopes to achieve, beyond APRs and rewards. And that is what would eventually make defichain succeed as a primary token. It also lists all the ‘problems’ with BTC and ETH. And the steps taken to ‘fix’ it by creating Defichain. https://defichain.com/white-paper/

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So, I would be interested to getting to know, what

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