Posts

DeFi Just Growing And Growing

avatar of @cryptoandcoffee
25
@cryptoandcoffee
·
·
0 views
·
2 min read

source

DeFi is one area in crypto where we all know it is going to just snowball and get even bigger which is still hard to imagine considering how quickly this space has already grown. Considering this wasn't that massive last year this is where the crypto growth has been coming from in 2021. This is where the new coins/tokens are being launched and where investors who get in early enough are earning small fortunes by getting in and out early.

The problem for investors though is navigating the murky waters of what is a genuine investment and a gamble. There are so many stories of investors losing out as the unrealistic APR's that lure them in are just that as the tokens lose value very quickly or the entire thing is a scam and eventually ends up being a rug pull. Considering how big DeFi is thankfully rug pulls only make up a small percentage so doing your research is still a must. The problem of unsustainable APR's though is still a problem and where the likes of Leofinances's Kingdoms has to benefit long term.

Over 15 000 % in the last year or 150 x growth is big in anyones book and what is interesting is many of these tokens that we are seeing now have not been around that long yet have grown in value due to what is being offered.

I bought Matic a while back and to be honest wasn't quite sure where and how it fitted in. With Leofinance talking about being involved with Polygon (Matic) I now know I have got another good one in my portfolio and this could easily become another RUNE. I missed out on that even though there was so much shilling going on and learned my lesson.

I think that is the difference between Leofinance and Twitter as what gets shilled on Leofinance is normally backed up by a certain level of reasoning, knowledge and fundamentals and is more about making everyone aware. On Twitter people shill their coins more out of hope that it will do well with nothing to back it up.

Leofinance has the opportunity to make a name for itself with their Kingdoms and believe whoever is involved within the project will benefit over the coming years as more and more is built into the offerings. There are very few projects out there that have a team that is so advanced in the development and thinking that is constantly evolving and that has to stand everyone involved in a good place from what will follow. The most important part of Leofinance is they have a track record which in this day and age is kind of unique and is a major plus. The team has an established community which was there first before they launched into DeFi which puts them in the pound seats when it comes to the trust factor.

Posted Using LeoFinance Beta