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File: 113 KB, 1080x837, 20210125_200745.jpg [View same] [iqdb] [saucenao] [google]
26548332 No.26548332 [Reply] [Original]

Forgive my ignorance, but why do these two gems rides the charts essentially in lock step?

>> No.26548521
File: 2.92 MB, 2048x1517, 1611480230544.png [View same] [iqdb] [saucenao] [google]
26548521

Also, did you buyed the dips? ;)

>> No.26548668

>>26548332
defi is going to get repriced again. it's the only tangible development in crypto since the last bubble. Eth is the only platform for usable dapps that have value in them and generate fees. Anyone with a brain and a desire to make money realized this a year ago. The laggards will realize it this year, and eventually retail will get dumped on at a huge markup.

The top ten will be entirely Eth and Defi, LInk and BTC.Top 10 Marketcap will hit 20 Trillion by eoy. Other shit will moon but Uni, Aave, SNX, YFI, and the like will continue to be the big winners of this run. All shitcoins will moon but defi will continue to outgain.

>> No.26548773

Futur of crypto

>> No.26548800

>>26548668
Thanks. I should have added Synthetix to my pic, as it follows the charts almost perfectly as well.

>> No.26548915

>>26548800
Yes, you will get shilled a bunch of 'defi gems' but only shit that people actually use is a really solid bet for the coming year and probably years.

Most of the retards flipping cryptos don't realize that these protocols actually earn you fees instead of being your typical vaporware scam that gets shilled here.

>> No.26549289

>>26548915
Yeah, I just learned this 2 days ago.
https://defipulse.com/

>> No.26549391

>>26548332
the top defi protocols are all pretty correlated

>> No.26549513

>>26549289
do you think DPI is a good investment? isn't it literally betting off of defi's success?

>> No.26549558

>>26549513
DPI is a defi index, it has direct exposure to the price action of a lot of defi tokens.

>> No.26549592

>>26549558
yeah but would there be downsides to getting into that instead of just directly going into AAVE/SNX/UNI, etc?

>> No.26549729

>>26548332
DeFi Pulse
Use google.

>> No.26549736

>>26549592
less risk, less reward. Like buying an index fund vs individual stocks

>> No.26549978

>>26549592
SNX is the most ridiculous moon mission of all time
look into how it works and you ownt be asking these questions

>> No.26550103

>>26549978
SNX hodler here.
I feel like compound has alot of room to moon.

>> No.26550353

>>26550103
you are a fucking retard then

>> No.26550480

>>26550103
Maker already mooned hard for compound. I'd like to see AAVE at 1K soon myself.

>> No.26550673

>>26550480
Yeah, I’ve done well on MKR. I just feel like AAVE is getting toppy. At least with compound I think there’s M-Cap room to catch up to AAVE.

>> No.26550764
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26550764

>>26550353
Thoughts on this Google quote "On Compound and Aave you can borrow Dai, whereas on Maker you can mint it. If you want a large amount of Dai, borrowing it from Compound or Aave will push up the interest rate. At Maker you can mint as much as the debt ceiling for your collateral will permit at the prevailing stability fee."

>> No.26550804
File: 62 KB, 826x590, Screen Shot 2021-01-25 at 6.12.42 PM.png [View same] [iqdb] [saucenao] [google]
26550804

shilling my defi shitcoin CNTR, still below ICO prices but beginning to pump

>> No.26550839

>>26548668
Sirs, what is a make it stack of SNX/AAVE? What price do you expect them to reach?

>> No.26550913

>>26550673
How is $270 toppy?, it has a total supply of only 16MM AAVE.

>> No.26550955

>>26550804
I'll check it out.

>> No.26550986

>>26550839
SNX: $250
AAVE: $5K

>> No.26551096

>>26550480
Sorry, this sentence about maker and compound makes no sense. I was confused and thought there were to parts of a synthesis.

>> No.26551339

>>26550913
Toppy at the moment compared to Compound relative to total supply. 16MM. vs. 10MM. Big mkt cap difference. AAAVE does have much higher trading volume though.

>> No.26551711

Ive been buying them, but the big problem is this: the tokens themselves do absolutely nothing, they're just a "governance token"

They aren't used for any real purpose like paying gas fees, or giving you a % of the exchange like KCS does.

I buy it or Futures it especially since they're so reliable but I think they're quite useless as far as I know

>> No.26551755

>>26550986
what does SNX do?

>> No.26551968

>>26551755
It’s a collateralized derivatives trading platform with a pretty unique model.