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Thomas-

Hi, I heard ALGOFI is shutting down. What kind of

impact will it have on ALGORAND?

#algo #cryptocurrency #english
0

7 ответов

13 просмотров
Jaysallday-

It is sad to see them go, they built a great platform, but there are other options available for what they provided. The ecosystem may see a small setback in TVL from those who do not move to other protocols in the short term. But the technology behind Algo is not reliant on any single third party dapps and continues to improve. Which I believe will translate to a ecosystem which continues to grow long term.

0
13.07.2023
Tom-
Jaysallday
It is sad to see them go, they built a great platf...

Big picture, if Algofi collapse knocks out Algorand, it was never going to make it anyway. Defi is not the answer. It's a shell game and there are already countless Blockchain with established defi ecosystems. If Algorand is going to make it, it needs to establish itself as a real answer to something. Seems simple, and it is. But throwing grant money at defi developers was always a setup for failure.

0
14.07.2023
Bernhard-Wolf
Tom
Big picture, if Algofi collapse knocks out Algoran...

Algofi did not "collapse". It is a rugpull, plain and simple. They took the money from the grants and the money buyers of their bank token invested and left, what else is this but a blatant rugpull.

0
14.07.2023
Tom-
Bernhard Wolf
Algofi did not "collapse". It is a rugpull, plain ...

Well, whatever you want to call it the point remains

0
14.07.2023
Bernhard-Wolf
Richard
Algo is an scam?????

Algofi is. It is a dapp. Algo is the chain. Algofi was built by a team unaffiliated with Algo. They took the grant money and investor funds and ran. 2 totally different things.

0
14.07.2023

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