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Jul 20, 2020

#DeFi has been building on #Ethereum since 2018 but fewer paid attention to it. It’s not hot air or marketing bubbles when real utility has exponentially surpassed expected utility. Most of crypto didn’t listen and now many on the sidelines are scrambling to make sense of it. twitter.com/SBF_FTX/status

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DeFi Dad ⟠ defidad.eth

@DeFi_Dad

Jul 20, 2020

FWIW, I’m a big fan of Sam and

@FTX_Official

. But I saw this thread and wanted to draw out that single comment because I wholly disagree. DeFi was growing at a healthy clip back in May, with little to no MSM attention and hype. Then COMP launched and it changed everything!

DeFi Dad ⟠ defidad.eth

@DeFi_Dad

Jul 20, 2020

If you came for the DeFi governance token hype, please stay for the lending interest and stablecoin market-making. I’ve been earning 5-40% APY just depositing stablecoins into yield bouncers like

@idlefinance

and stablecoin swaps like

@mstable_

youtube.com

How to Maximize DeFi Lending Interest with Yield Bouncers

One of the most popular use cases in DeFi is earning lending interest! Because DeFi is about peer-to-peer (p2p) finance, p2p lending often enables lenders to...

Replying to

and

Oh yeah to be clear I'm not saying all DeFi is hot air--just that a lot of the _recent_ DeFi explosion is.

Replying to

But it's also the recent explosive growth that's driving a lot of the attention/valuations right now. So I think it'd be greta if we could transition back to, you know, utility and use cases and stuff :)

3:18 PM · Jul 20, 2020Twitter Web App

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DeFi Dad ⟠ defidad.eth

Replying to

I think we all want the same thing--continued sustainable growth. But I guess explosive growth creates attention to draw new folks in. I also wouldn't downplay the utility of stablecoin swaps. DeFi couldn't exist without them. How you count that into trade volume is beyond me.

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and

Yeah that's fair