I also missed the first week of this competition.

Defi is a nice place to get started anyway. I'm glad that you brought up Binance. When BNB was running, I thought it a near perfect example of the potential of future cryptocurrency applications.

In BNB, is what you have is a need for liquidity so that investors can have a certain assurance of a free-flowing market where they won't be trapped in either a hack or other rush to withdraw their funds. Yes the percentages in defi can be enticing. What seasoned investors might like most though is liquidity.

It is said that financial markets aren't ruined by bearish runs, but rather lack of liquidity. The lack of activity in the market signals an end to interest. It can mean the devaluation of an asset or an entire industry. While rare, it does happen. Just consider what the electric car could mean for the oil industry. Would there be as many interested investors wanting to participate in the trading of oil?

Binance coin instantly adds viability to every listed coin because of the possibility for instantly exchanging. How is this related to defy? In a sense, it is a very rapid application. Albeit, maybe not an ideal example, I merely wonder how fast future defy applications will look in comparison to the current financial system.

#onepercent #usa