So at the end of 2020 the hype in crypto industry was defi. People who was first at defi made a bunch of money, specifically millions.
The truth is that by this time the majority of crypto users were not familiar with the term defi.
What the hell was defi? Many till now don't know how to use this.
The more tech crypto savy people give it a try and slowly started to understand this new world.
Here in the leofinance community, cub introduced in binance chain, by the way binance chain is cefi and not defi.
Cefi means centralized financial market and as the binance chain rund under binance cann't be characterized as defi.
The problem with defi was the high fees in ethereum and impermanent loss. Cefi, on the other hand is cheaper to use but the impermanent loss remains.
Also the hacks in defi space played a negative role and many people lost their moneys.
In my opinion is better to stay away from cefi or defi for the momment as the tehcnology in not mature yet.
Maybe in 4 years we are gonna have a better product.
So for now I only accumulating bitcoin and hive.
What about you?
