Hello Project Hope community, I hope your weekend has been restful as well as productive. These days I have been reviewing some news related to the crypto environment, most especially regarding the whole DeFi environment, something I particularly like, regardless of the risks involved.
I know well that the main Blockchain with developments in this aspect is Ethereum, for having been the first and incorporating smart contracts in its structure, which allowed in itself the development of various systems of decentralized finance in the, it has a large capitalization and the TVL in this network is impressive.
However, at least in my case, I have stayed away from investing in this network because of the high commission costs. Since being able to be there will always involve, expenses of up to hundreds of dollars in commission, which implies that in order to see profitability you would have to have several thousand dollars.
Perhaps I am wrong, and probably this will change with the changes they intend to make in Ethereum that will largely allow greater scalability and additional, less expenses in Fee.
But several options have emerged that allow the development of different DeFi projects in some Blockchain's that lately have been talking a lot, such as the case of Polygon, particularly I recently entered with a small investment in this network, it is very fast and in addition to that, the Fee expenses are really low, which allows that commissions do not consume you.
For example, I bought 3 Matic (network crypto, with which commissions are paid), and in theory 1 Matic will allow you to make on average 4000-5000 transactions. Each of them charge 0.002 Matic, that is, almost nothing. Which I think is simply great, don't you think?.
As well as this Blockchain, there is also Cardano, which has been increasing the amount of capital invested in it in an almost exaggerated way, which speaks of the confidence that is being had in this project. Similarly, Terra, with one of the best known and most used DeFi projects so far, such as Anchor Protocol, where you can make stable coin stakes, and generate decent dividends.
As you can see, there are currently investment options in decentralized Finance in different Blockchain. Particularly I also have investment in WOX-EXCHANGE, the project that is being driven by @xpilar and his team on the TRON Blockchain, where commissions are also very low, in addition to the fact that operations are executed very fast as well, with a high possibility of scalability.
Note: Everyone should make their respective investments before making an investment, this is not a financial advice, it is a post of informative nature.
Currently, related to Steemit, @xpilar and his team are carrying out a DeFi Project, specifically on the TRON Blockchain. Where the Token WOX is the protagonist.
Here are some links that can serve as a guide:
- Learning to Stake WOX Token - WOX-EXCHANGE
- Liquidity Mining is Now Live and Working!
- Liquidity Mining is Now Live and Working!
You can also check the official blog of the project: @woxexchange / Make sure you do your research before you invest..
You can also have information by entering the official discord group: https://discord.com/invite/8FZ6WGkEzs
I authorize the use of this banner to everyone who wants to do it.
Twitter | Instagram | Discord | Youtube | Telegram: @josevas217
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Good job! You just got yourself a 100% upvote from ACOM. Enjoy!
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hello @ josevas217
No doubt that the Defi every day is climbing in the crypto world and this information you share is very good for all those who wish to be part of a Defi that does not have such high commissions.
Thank you very much for sharing
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Commissions can sometimes be a constraint, so I look for these good options. Greetings. Thanks for commenting.
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@tipu curate
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Upvoted 👌 (Mana: 2/6) Get profit votes with @tipU :)
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Thanks My friend
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Hi @josevas217 thank you for this valuable information, especially for those who like me are studying where to invest and how to do it in crypto, as they have gone from an unknown plane to a protagonist. In recent years the concept of physical money as it is known has evolved and has given way to a digital money or the so-called cryptocurrencies. It is always good to handle the information and also the added value of telling your experience, good publication, thanks and best regards.
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And the changes will continue, that is the reality. New things will come, some we never imagined. We have to find a way to keep up with everything.
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Many people don't like to consider other options. And they continue doing the same whether or not there's something else that will provide them more profits. Truly, the high cost of commissions in the Ethereum blockchain discourages me too from investing there. Because if you don't have enough capital, the commissions can really hit your finances much. Some other blockchains provide lower commission costs and puts one in a better position to make profits. This is a very informative post. Thank you.
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That's right, you just have to look for other options, because there are. Looking for other results while doing the same thing doesn't seem to be a very smart decision, but unfortunately many do it.
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Thanks for sharing. The defi space is steadily growing and new projects keep on emerging. Many people are scared to get into the sector because of higher commissions, but you'll realise that the commissions are worth it, if you start benefiting
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They do not want to pay commissions, even if they are low. But keeping money in the bank always involves expenses, because maintenance interest consumes all profit.
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