EOS DeFi Space is quite active !

in Project HOPE4 years ago

Hello HODLers,

For the past 2 months I have been quite active in the EOS DeFi space. I first came because of the "no fees" policies being completely outraged by what happened on the ETH network.

EOS has been oftened laughed at due to its centralization and its first goal to be an "Ethereum killer". Well, that did not work.

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But as Westerners sometimes we are too Western centric and forget that actually EOS has a lot of support from Chinese developers and communities.

I first walked into DefiBox, a one-stop shop for DeFi on EOS supported by an old and trustworthy company: Newdex.

The token has performed quite poorly but they do keep passing propasals, the community is very active on telegram for example and new features appear on a weekly basis.

At the Moment you can

  • Swap Tokens / Provide liquidity
  • Mine USN (stable coin) with your EOS
  • Stake your $BOX to earn dividends (fees of the platform). This option has recently been voted out as users / foundation believes bigger incentive for EOS/BOX LPs would mean a more stable price in the future and therefore more investors.
  • BOX DAO

Here is an (old) video I made about DeFiBOX:

Soon they should implement lending / borrowing in order to generate additional income for us $BOX Holders !

I will not go on other DeFi Projects but I am preparing some videos concerning

  • Pizza.finance : Lending/Borrowing Platform developed by StartEOS team

  • Efi: Full suit of products with 3 tokens: 1. DMD = YFI style token; 2. DOP = Swap Platform token and 3. HUB = Synthetix enabler native asset

  • DFS: This project is Chinese native and I have issue to understand all the different things they created but it is definitely the most successful out there.

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Good article, that's a good "etherium killer" joke - that's more prey than they can swallow.

hehe, it used to not be what people thought ! :D

Defi is most active nowdays as people are earning good interest on their investment . I will also try someday when my investment is free

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