We all know DeFi has been a hot topic of 2021, maybe THE hottest topic, but is that it? Are we done with DeFi? Nope, I don’t think so, we’ve barely started.
Remember the whole crypto space is still early. The global cryptocurrency market will hit $4.94 billion by 2030, more than triple its estimated size of $1.49 billion in 2020.
Source Cited:
https://www.yahoo.com/now/cryptocurrency-market-more-treble-2030-094803219.html
DeFi is definitely here to stay. The whole decentralised space is going to continue to balloon, and as early adopters we need to make bank off it.
Why should anyone invest in crypto? There’s little doubt that digital currencies have seen remarkable growth. Spurred on by the incredible growth of bitcoin (BTC) and ether (ETH), the field of cryptocurrencies has only continued to expand.
In addition to initial coin offerings (ICOs), there are now many new types of blockchain investment products, from decentralized financeto non-fungible tokens. Many digital currency enthusiasts believe that these investments could produce a new batch of digital currency millionaires (or billionaires).
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Part of your strategy should be how you grow your crypto collateral, not just buying crypto and waiting for it to increase in value, but using it to earn you more.
Enter stage left, DeFi lending. Decentralisation allows us to be our own banks. Already we have options to make it happen, and here are four different lending options currently available. Enter Aave, Compound, Celsius and Yield.
Alongside crypto purchases, staking, geysers and more, lending out your crypto is a profitable way to increase your wealth. Here is a brief run down comparing them side by side.
HoneySwap https://honeyswap.org
1Hive is a DAO that issues and distributes a digital currency called Honey. Honey holders stake on proposals using Conviction Voting to determine how issuance is distributed. By supporting proposals that increase the value of Honey, a positive feedback loop drives growth and sustainability. Conviction Voting allows everyone to participate and shape the direction of 1Hive, while preventing anyone from taking control or ownership.
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CoinRT-xDai Pair
