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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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29159114 No.29159114 [Reply] [Original]

Why is DeFi dying?

>> No.29159240

Because eth is pure spaghetti code

>> No.29159262

>>29159114
DeFi is mooning as a whole. AAVE is correcting downward hard because people realized Nexo lending platform is much easier to use

>> No.29159345

I wouldn't say its dead, its that the fees are ridiculous. Imagine having to pay 100-200 usd to withdraw 5k worth of AAVE that I have staked? Suck my fucking cock.

>> No.29159371

>>29159240
>Because eth is pure spaghetti code
lol I've been hearing this since $500

>> No.29159378

What the fuck is going on with SNX? Like I know it is up bigly for the year, but still it has been crab city for like a month now.
I am about to sell.

>> No.29159380

>>29159262
All top coins on defi pulse are dumping

>> No.29159452

>>29159371
It’s a meme you dip

>> No.29159476

>>29159114
Because people know that AAVE is dying because ASKO will moon x1000 and take ots place

>> No.29159567

we're forced to choose between paying $100 for every transaction or using CZ's chinkchain.

>> No.29159577

>>29159380
>LINK
>ETH
The two most important DeFi coins are not dumping

>> No.29159679

>>29159114
remember 2009
me neither what were cds again. who cares to the moonz doggos

>> No.29159693

>pay $500 gas fees on your $50,000 to collect 20% apy
>2 months into your stake, protocol gets exploited
>your funds are safe (this time) but you'll have to pay another $500 in gas to collect your funds to move to a new contract
>$500 again to restake

It's too shitty right now. Defi as an idea will never die but ERC-20 cucked protocols are getting a deserved correction

>> No.29160270

>>29159371
oh really and you can shove your $500 gas fees up your ass

>> No.29160884

AAVE will flip Maker at some point on the road to 5k. Still early.

>> No.29162121

>>29159378
Yeah I sold too
fuck that piece of shit

>> No.29162498
File: 6 KB, 311x162, yo.jpg [View same] [iqdb] [saucenao] [google]
29162498

Who told you that shit? You just chose wrong fren.

>> No.29162586
File: 114 KB, 828x1032, EhVRwBWXYAMQ8wR.jpg [View same] [iqdb] [saucenao] [google]
29162586

>>29159567
layer 2 matic/polygon quickswap is the new kid on the block.

>> No.29162689

>>29159114
aave was $300 like a week ago

>> No.29162860

>>29159114
It's correcting. They've made huge profits over the past weeks so a correction was bound to happen.
Good opportunity to enter, though.
It's going to skyrocket on March 3rd.

>> No.29162888

>>29159262
Nexo isn't a defi platform but at least it's licensed and insured

>> No.29162982

>>29159114
Because you retards wont acknowledge BNT

>> No.29163054
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29163054

>>29162498
based

>> No.29163322

>>29162860
Why March 3rd?

>> No.29163479

>>29159114
INJ

>> No.29163994

Defi is booming on BSC due to low fees.