Is Crypto Defi Dead? .:. Walk & Talk Series

I was reading a post today about Defi and how it's not a "hot topic" anymore, where the author shared his concerns about the future of Defi... While it looks like Defi is dead, as there is not too much talk about it here on HIVE, the reality is the opposite... Also, the issue is that after a long BEAR market, it looks like many things are pushed in the background...

I suppose that another reason for it is that we don't have too many DeFi options here on HIVE, or better said we have only 1 real DEX if we can call it dex at all... It is Tribaldex, where we have diesel pools with liquidity providers and all those DeFi stuff with it... But, we have an interesting "tweak" in diesel pools where you can add rewards to the pool and incentivize people to provide liquidity... I have to say that we have something similar implemented in Splinterlands with rewards paid directly in the game...

Speaking of rewards, the thing, why it looks like DeFi is dead, is because all those yield farming platforms which were distributing highly inflationary tokens as rewards for providing liquidity are "kind of dead"... APRs were crazy high, but many people were "hooked" to them and everyone was buzzing about DeFi in those times...

Of course, that was unsustainable in the long run, and today, we had a much healthier situation in crypto DeFi, with rewards "provided" from trading fees, traders' liquidations, etc... APRs are much more "conservative", but the whole ecosystem is much healthier...

Check out the short video on this topic...

PS. Sorry about the wind... again... :(

Thank you for your valuable time,

~ph~

Music in video:
Growing Up by Scott Buckley https://soundcloud.com/scottbuckley
Creative Commons — Attribution 3.0 Unported — CC BY 3.0