Hello wonderful Lion's it is such a pleasure to share some DeFi content with you all. Yesterday I was taken aback by all the blood on the street but after giving it some thought, I figured it was a healthy correction and an opportunity to shake some paper hands out of the Binance ecosystem. Of course if things keep going this way, the silver lining will loose it shine eventually. There are a lot of tokens being minted which begs the question, are investors coming in fast enough to sustain the growth? We will find out in a few weeks.
From my experience on Hive, I know that things can seem like there is too much liquidity and not enough inflation. However, when things get bullish, that liquidity is the stuff with which scaling up is made possible, more room for investors to feel like they are not too late.
I think a big part of the current volatility is because small investors with less experience have entered the ecosystem and they don't fully understand the value of leaving an LP in place for a long time. This has even impacted DeFi on Etherium where these investors are pretty much left at the gate. We can complain about the fees but they have the merit of encouraging Hodling a bit more. Mind you some of these whales are just as crazy as an unexperienced investor. The case for capitulating while pertinent, is not half as common as people think, such is the trustless nature of the blockchain.
That being said, the DeFi bubble will burst eventually but I don't think this is what is happening at all. In all my time in crypto, I have always seen how small people are by making Bitcoin dominance a lapidary fact, meaning that if this is more than a mere correction, it will be dictated by the price action of BTC. Investors big or small behave like sheep and there are those of us who have backbone.
If I could see and understand different burn cases and sinks more clearly, I might think a bubble burst could be avoided but as far as I can tell, opportunity in this sphere lies in scheduled scarcity which is not bad. I am just thrilled about the Leo bridge between Eth and the BSC because here is an infrastructure for the ecosystem at large which has a burn case that could benefit Leo and Cub tremendously.
And now, for my wonderful top 5 DeFi farms video which was actually a top 6:
6 Alpaca
Alpaca has dipped like crazy since its inception, leaving its investors less than satisfied. However, they are a populist project teeming with ideas and they know how to treat their community.
5 Goose
Goose is feeling the wrath of their investors scorned by the botched layer 2 farming launch where bots won big and proof of brain was left to bite the dust. Will they recover? They hold the ninth BSC position on Dappradar two days after time of writing XD
4 Monster Slayer
Based on Bdollar's algorythmic stablecoin model, this baby proposes to release an MMORPG, it's an exciting idea. However an anonymous team is the last thing this project needs. Regardless, the model is a great way to protect their investors, so long as they stick around. The actual game is pretty far down the roadmap so good luck to them.
3 Swamp
This farm appeared to me like a goddess send as I was looking for some BTC expose with good returns. Their front end is endearing and hits a balance between cute and mysterious. A Certik audit is pending which is always good, we know the big fish like to wait for confirmation so maybe a good entry point for the small fish? This one is new and therefore High risk high reward.
2 Bunny
It's not clear why Bunny is doing so well but it is no.1 on Dappradar, recently surpassing Auto Farm. Like many others it dipped yesterday and I am not worried in the slightest. Any less exposure to Bunny and I would have Fomo right now!
1 Cub Finance
I don't know how much the BSC community at large pays attention to our infatuation with Leo Finance but they should get their act together or they're going to miss the boat. The way I see it, Alpaca and Cub are the only project which have not felt yesterday's dip whatsoever. Such is the effect of our Diamond Paws.
Cub benefits from a network effect only made possible by the Hive blockchain and the Leo Finance team promises to stay on the cutting edge of innovation while keeping an eye on tokenomics.
The caveat is that no matter the amount of thought put into a project, it is only as strong as its investors. For a forward-thinking project to work, it needs intelligent investors. The fact that, instead of a presale, Cub Finance was presented on the down low to the Leo community, bodes well.
That's it for today, don't forget to give me some love, OK?
Cryptocurrency is extremely volatile, only invest money that you are prepared to loose.
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