Where to place my money - Where to dive in the DeFi world?

INTRODUCTION

d967ad6713.jpg

2017, During the ICO boom there were hundreds of ICOs available at all times, and they all promised amazing gains. And as people were hungry for fast return, it was almost impossible to get a spot to invest in the Initial Coin Offerings. I remember sitting in front of my screen, waiting for the clock to turn 02.00 in the morning. That is when I could join the ArcBlock ICO. I had my Ethereum ready and sent them from my Ethereum wallet at 02.01 with high GWEI and gas fee (though nothing compared to the gas fees we experience now due to the DeFi boom).

But, it only took ten minutes, and I got to know that I was too late. All the tokens set aside for the ICO was grasbed by others, and within a few weeks, I would have my Ethereum returned. Isn't that just crazy?

Now, it is no longer ICO, but DeFi, and it is everywhere. All exchanges have their own place for investments, and there are dedicated DeFi platforms available. Luckily, they are available all day around, and there is no "rush" like we experienced during the ICO-madness in 2017.

Once again, we are all looking and hoping for quick gains, and the DeFi world is waiting for us to come with our money. So, where should we go? Where should we turn?

5ShzsKnKF7vppGeV6VN3m3GSDcLoRruAhMmifZtFSDkYScdvL5nvgAvnew4wM5tf3vHG5a3P9Nibbn2USooMeWSiQukx14SoQKqDSo2SmfRXfVub6aNQf3rxS6aBhFZACnCwWzA6srjidRtdeDd29f4J.png

DEFI IS A POSITIVE STOCK
Thinking of the ICO-boom in 2017, it mostly comes with a negative vibe. But, I feel very different about the DeFi boom. The reason is simple - this is about changing the way we use our money, move our money, and think about our money. DeFi is about being our own banks, controlling our own money, and not being disprupted by a third party eager to grab a bite of the fun. In other words, the DeFi boom will not be looked back upon as a negative thing.

Some companies abusing all of this, and you can already read about airdrops worth hundreds of dollars from "defi companies" with Twitter accounts registered yesterday and without working websites and all. In other words, people take advantage of the DeFi wave and try to abuse it. But, whenever you see something that is real, it is always followed by fake opportunities. That isn't just true when it comes to DeFi and the crypto-world, but you see the same in all industries worldwide. It might look like gold, but in reality it's fake.

Examples of DeFi and abuse, is just making it even more clear that there is a good version and a useful version of the same concept used in transaction.

DIVING AROUND IN THE DEFI WORLD

It been a while I have been diving around in the DeFi world . It has been a joyful swim, but I do try to be careful. I have been through everything from almost a 400% APY on my USDT DeFi investment on Hotbit (though that rate was only for a day and it has now flattened our around 20%), to partaking in 8% rate on my USDT on Binance, and then staking tokens in order to get a mixture of other kinds of tokens.

In DeFi there comes many opportunities, and the fact that you can easily for investments in the DeFi world guaranteeing interest rates around 10% without any risk should be considered stunning and imperative.

WHERE WILL IT GO TO?

It is very hard to predict the outcome of the DeFi boom. I believe the fact that the financial world is moving from the banks into the hands of the private people is natural. I do believe that the DeFi industry will change and it will look quite different in a few years compared to what we see now. But, the fact that we will see a banking industry online using cryptocurrencies and operating without real banks.

k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkC5QeoLnw6uYjeyiCLdXThTzQiARVhNUtBAs8TuYpi7DZasYVpgSKMmv9o7cMNgaywcECxoqyhDT4GDDcKSW8u2uEvh22GXj1eZAwcFFrrrsyUWZuEtF7.gif

Sort:  

@cryptowok - for repeated plagiarism you are now banned from this challenge and all future challenges run by @steemitblog.

Copying in your Country Representatives for reference... @rex-sumon @tarpan @toufiq777

Yes in Defi here we need to invest our money in different way for earning additional rewards. But still lot of people dont know how and where and when we invest for good results.

Nice post from you . Have a great day my friend.

#twopercent #affable #india

Yes that's true, that's why we all need to participate in helping others to achieve a better results.
Thanks