/biz/ - Business & Finance

Can someone explain to me what's this? Maybe I'm too ignorant but seems like a ponzi scheme imo

that was a pretty dumb thing to invest in...

especially related to making undercollateralised lending work.
I already own some akro

Just read about Buidl since it was shilled here. It looks cool but has a diluted market cap of 184m. Isn't that way too high for such a project?

As far as I know a substantial part of all links will be used for incentives and marketing to grow the network. I never thought about this, but does a rising price mean they will be able to spend more $ on that? Or is that money already in $ as a result of a token sale to the public?

Akropolis launched their mainnet yesterday. They also announced that they will do some sort of yield farming within the next two months.

It is about undercollateralised loans for pools who trust each other. they are using aave and other lending pools.

https://medium.com/akropolis/just-in-akropolis-protocol-is-live-c66bce849ef7

The whole project is valued at 12mios (all future supply of Akro included).

It is a pure DeFi product.

Tell me why this will not moon to oblivion

What small cap defi projects do you know of?

It's hitting me hard recently how fucking nuts everything DeFi related will go!

It's incredibly obvious.

Coins shilled here like Harmony unibright and so on are a fucking waste of time.

People buy narratives, they don't buy interoperability or scalability, they buy fucking adoption.

DeFi is adoption. And is self-reinforcing.

Media attention leads to more volume which makes whatever application bettet and better.
-> Prices go up, more liquidity, scale, improved utility, more media attention, prices go up further. It is feeding itself.

Fuck everything else.

DeFi is a 3bn market cap segment. It will do 1000x, maybe more...


I know that's not particularly smart of me to say as everyone following the space knows about it. But even the biggest Chads going through shitcoin after shitcoin might miss the bigger picture.

Normies, venture capitalist, banks, no one gives a shit in the end, they buy the narrative because they have to, because they manage other peoples money.


I want to know about every ICO in the space happening right now. Where can I see every DeFi related ICO that has been done in the last 6 months or will be done in the next 6 months?

Absolute brainlet here,
how do I take out a DeFi loan, and what exactly is stopping me from taking the money and running?

Defi is the future of crypto, i’m currently invested in

- RSR
- PEG
- AKRO
- SNX
- Rune

Anymore projects I should keep any eye on?