News for hackers. Stuff that matters.
Re:Why Web3? by johnnyApplePRNG on Wednesday December 29, 2021 @07:46PM (#29732122)
>every DeFi scheme is a money loser relative to just buying eth and waiting for a pump

Maybe, until ETH never pumps again.

Eventually the blue chip cryptocurrencies will find their fair price, and price swings of 10-20% in a single day will be a thing of the past.

DeFi DAOs like Curve Finance [0] (currently leading the DeFi pack in terms of Total Value Locked [1]) will generate income for whoever holds a CRV token... so long as the crypto trading markets exist.

Curve actually provides a service. They pool liquidity to enable larger trades with less slippage, and as such they're extremely popular.

The gas fees are not an issue either, as Curve works across 7 different layer 1 blockchains at the moment and I am sure that is bound to increase in the future.

[0] https://curve.fi/

[1] https://defillama.com/

There are no comments on this comment yet.