Ethereum is a money or is just about to become a money. BTC is a money, but Ethereum will go far beyond… ICO was a driver for ETH’s rise back in 2017, DeFi is a driver for ETH’s in coming bullrun. Don’t know how many of you guys are aware of what is DeFi is, how many of you have ever tried/tested/used those apps. It is MUST HAVE! To be short: most of the available features of DeFi apps require locking your ETHs as a collateral to be able to borrow/generate stables - USDC/DAI and use them for your own needs. abt 1.8% of the total supply of Ethereum has been already locked in just two DeFi apps - MakerDao and Compound.
ConsenSys just announce they are working of new product Codefi which could be compared to Twilio or Stripe, serving businesses that need to process payment data.
More banks join Quorum project based on ethereum (Interbank Informaton Network , INI) to be able to exchange information, to fascilitate private transfers, etc… While all news are used to be about Ripple’s innovation for banking, I would doubt wether XRP is healthful enough to survive (especially given history about its birth :) .
So, ETHEREUM is a awaikining Monster. Yeah, we know, it is slow, and these days it is even slower than ever: TETHER, BUSD (Binance’s stable to be launched on ETHereum) are all to test ether and make it stronger…
One thing more, you could even go SHORT on ETHER for a short run but still be long on a long run by using DeFi (use your ether as a collateral, generate DAI, buy more ether to go Long, or just you dYdX 's platform to go short with DAI generated (while your ETHER is in Collateral). So many opportunities you could be missing by ignoring DeFi world.
ConsenSys just announce they are working of new product Codefi which could be compared to Twilio or Stripe, serving businesses that need to process payment data.
More banks join Quorum project based on ethereum (Interbank Informaton Network , INI) to be able to exchange information, to fascilitate private transfers, etc… While all news are used to be about Ripple’s innovation for banking, I would doubt wether XRP is healthful enough to survive (especially given history about its birth :) .
So, ETHEREUM is a awaikining Monster. Yeah, we know, it is slow, and these days it is even slower than ever: TETHER, BUSD (Binance’s stable to be launched on ETHereum) are all to test ether and make it stronger…
One thing more, you could even go SHORT on ETHER for a short run but still be long on a long run by using DeFi (use your ether as a collateral, generate DAI, buy more ether to go Long, or just you dYdX 's platform to go short with DAI generated (while your ETHER is in Collateral). So many opportunities you could be missing by ignoring DeFi world.
Comment:
just to edit above post: you could use dYdX to go short with DAI generated on MAkerDAO (while still being LONG for the long run :)
Trade closed: target reached:
220 as a first target (using dYdX platform for margin trading on dex) has been reached. I want to spleep and relax for a while. Those, who knows what does it mean to trade on margin on DEXs should know.
