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Have you heard about DeFi Platforms? Would you consider investing in them?

Postby anilmr » 15 Aug 2020, 17:26

DeFi, or decentralized lending platforms provide loans to businesses, or the public with no intermediaries present. The advantage is, DeFi lending protocols enable everyone to earn interest on supplied stable coins and cryptocurrencies. But on the flip side, DeFi platforms are vulnerable to hacking. Given this scenario would you consider investing in DeFi? Has anyone here invested in any DeFi?
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Re: Have you heard about DeFi Platforms? Would you consider investing in them?

Postby Netherrealmer » 15 Aug 2020, 18:44

This is basically a gamble. There is a chance it can fail but then 12 years ago people who purchased 100 dollars worth of bitcoins are millionaires now. I think you need to wait a bit more and see how this new system progresses.
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Re: Have you heard about DeFi Platforms? Would you consider investing in them?

Postby hotstonemassage » 16 Aug 2020, 04:29

No I won't consider it. It's not safe according to your narrative
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