Steem Crypto Challenge Month #2 : Diving into DeFi

in #steemcryptochallenge11 months ago (edited)


Challenge #1 of the Steem Crypto Challenge Month has now finished.

Now we move on to the second Challenge all about DeFi.

DeFi (Decentralized Finance) is one of the hottest topics in the crypto world at present attracting huge interest and huge investment.

This refers to financial services using smart contracts, which are automated enforceable agreements that don’t need intermediaries like a bank or lawyer and use online blockchain technology instead.

Many great projects are already appearing based on DeFi, but this is just the beginning.

This week we would like to hear your thoughts, ideas and impressions as we dive into the world of DeFi.

Challenge #2 : Diving into DeFi

This week we want you to explore the new world of Decentralized Finance.

Tell us what you know, and if you don't know already this is a great opportunity to research and learn more.

Some of the topics you might want to cover in your challenge posts include...

  • What’s DeFi in your mind and have you ever bought any DeFi tokens?

  • What makes you excited about DeFi?

  • Which project do you think is the best DeFi application?Why?

  • What’s the mechanism of DeFi or any DeFi project?

  • Are you feeling positive or negative about the future of DeFi?

The Rules

Posts should be a minimum of 400 words, and can be in any language.

Challenge entries should include the tag #steemcryptochallenge and a tag for your country like #india or #italy in the first five tags.

All posts must be your own original work. Any evidence of plagiarism will result in a banning from the Challenges.

Any images used should either be your own or from a stated copyright free source.

The Prizes

There will be three winning posts selected every day.

The top post will receive a 50% upvote from @steemcurator01 (10M SP) and a 50% upvote from @steemcurator02 (4M SP).

The second post will receive a 50% upvote from @steemcurator01.

The third post will receive a 50% upvote from @steemcurator02.

The prize votes will be increased to 60% for any winning posts set to Power Up 100% (assuming the account is not powering down at the same time).

We reserve the right not to award all three prizes, or vary the prize vote mix, on any given day if there are not enough posts of sufficient quality.

Twitter Sharing

We will also be giving upvotes for sharing your Challenge posts on Twitter - make sure you include the hashtags #steem and #steemcryptochallenge.

Put a screenshot AND the direct link to the Tweet in a comment on your post to be in with a chance of winning an extra upvote.

Challenge #1 Winners

Congratulations to @abduhawab, @alokkumar121, @anroja, @ayijufridar, @charjaim, @fucho80, @josevas217, @lavanyalakshman, @mikitaly, @neerajkr03, @randulakoralage, @sahilgupta, @sapwood, @shortsegments, @stream4u, @surpassinggoogle, @techyworld and @wilmer1988 for their winning posts in the first week's challenge.

We hope you are enjoying this Steem Crypto Challenge Month.

There will be almost $10,000 worth of upvotes being given out in prizes by the end of the five challenges.

We really want to tell the crypto world about this. So please do tell your friends and share it on your social media.

Get writing, have fun and enjoy the prizes.

Thank you,

The Steemit Team




So sorry to hear but as clearly written above


what you want to say

Umm Good to see you Active again terry boy but i think they wouldn't allow links in the comment :)

Today I announce 'NEWCOMERS POWER UP CONTEST WEEK 1 WINNER' . If you want, you visit my contest. I arrange week 2 contest within 24 hours.

Contest result link:

Hello @steemitblog
Thank you very much for the support, and for the mention.
Congratulations to the winners.
To continue creating quality content, it matters.
Let's go for DeFi.

Thank You and Congratulation to all Challenge #1 Winners.

Defi is a great project of Decentralize app. That is going help blockchain users like Steem & Tron. little knowledge do I have on Defi but would to to research to know more and share here. Thanks for the updates @steemitblog.

Congratulations to all the winner.... wish to be the winner.... hope I will win the challenge #2........ thanks @steemitblog for this kind of challenges

Thank you

Hello, thank you for the prizes and your support. I really appreciate the new activities and prizes, and the new activity, new members and the general excitement and enthusiasm on Steemit now.

You're really going to get excited, once U.S. Electronic Money is Activated...
October 10, 2020... 11.1 Hollywood Time...

Thank , i want more clarity on the topic above,are we to write about Defi ?, if yes where can wen post our entries? Tankz once more

yes details are mentioned above and post should be of minimum 400 words topics are in the post .

It's an very interesting subject chosen by steemit and sapwood,I will definitely go though those posts related to DeFi challenge,it will help me go gather more and more information regarding the same👍🇮🇳😊🙏❤️

Hi @steemitblog
Happy to be one of the winners and it was a great experience. Thanks for this wonderful program.

Congratulations to my fellow winners as well.

Happy to see my name in the list of winners. Thank you so much for all the support.

Congratulation to every other winner.

And thank you to the Steemit team of organising such great challenges. These challenges help me to understand Crypto more. Also, I read every other article out there to learn but hesitate to comment just because I do not have much knowledge.

@steemitblog this is a good contest update worth participating.
Expect my entry.
Congratulations to all our winner's.
More wins.

Thanks very much for this opportunity, it's time to do some research and know more about Defi. I must surely participate

Felicidades a los ganadores. Feliz noche!!
#onepercent #venezuela

Gracias, fue un buen aprendizaje, ahora me corresponde saber sobre DeFi.

Buen concurso me llama un poco la tensión, ya que no tengo mucho conocimiento al respecto creo que es la hora de investigar..!!

Felicitaciones a todos los ganadores, por su buen trabajo..!!

Thanks for this post.

This is one I won't participate in, I know absolutely nothing about DeFi. On the other hand I will read as many challenge posts as I can about this to learn at least a little about it.

But you could participate as its stated that if you don't know anything about defi its best time to do some research , I too don't have good knowledge about defi but we can have good knowledge by researching. Don't lose without participating

Thank you so much. It's really a big month in terms of Steem crypto challenge. It will also keep people engaged in gathering all sort of information, knowledge on the various topics related to crypto & this challenge.

I really enjoyed while researching over the Defi ( Decentralized Finance ) and would suggest everyone to give it a try its interesting and is solution to many problems like Loan, insurance, interests etc

Also the project is very vast that you would enjoy learning about it.

Excellent challenges, this time I'm going to run for it.

Successes friend @steemitblog

Si si si... Vamos a por el segundo desafío DeFi, gracias por que este tipo desafíos mejor nuestra capacidades y el entendimiento de la novedosa económica Digital...

Buenas noches steemiblog. El mundo apasionante de las criptomonedas, es lo que actualmente acapara la mente de los grandes inversionistas. Parece ser muy interesante este desafío. Felicitaciones a esos brillantes ganadores. Saludos
#onepercent #venezuela

Great News for me

Hello friends @steemitblog, @steemcurator01. @steemcurator02, thanks for the mention, for this great initiative and for choosing my post as one of the winners of the previous challenge.

Here is my participation for this challenge:

Terima kasih, saya sangat senang berpartisipasi di tantangan ini. Karena dapat memaparkan ide-ide dan mengenal lebih jauh tentang cryptocurrency dan blockchain.
#onepercent #indonesia

Un reto interesante, lo tomaré como una oportunidad para aprender un poco sobre la cryptocurrency. Un importante tema dentro de la blockchain.
Felicitacions a @abduhawab, @alokkumar121, @anroja, @ayijufridar, @charjaim, @fucho80, @josevas217, @lavanyalakshman, @mikitaly, @neerajkr03, @randulakoralage, @sahilgupta, @sapwood, @shortsegments, @stream4u, @surpassinggoogle, @techyworld and @wilmer1988, por ser ganadores en el Reto #1.
Aprenderé de ustedes.

An interesting challenge, I will take it as an opportunity to learn a little about cryptocurrency. An important topic within the blockchain.
Congratulations to @abduhawab, @ alokkumar121, @anroja, @ayijufridar, @charjaim, @ fucho80, @ josevas217, @lavanyalakshman, @mikitaly, @ neerajkr03, @randulakoralage, @sahilgupta, @ streaming4segments, @suroglepassments, @ streaming4segments, @suroglepassments, @ streaming4segments, @suroglepassments @techyworld and @ wilmer1988, for being winners in Challenge # 1.
I will learn from you.

Resteemed :-)

This is a brilliant competition! Will do my best to join in myself as well! :)

Please am new on steemit. And do not really understand how things work here. Is the challenge still on ?

I just started learning about what DeFi truly is and I'm excited to go deeper - I'm just now scratching the surface.

This type of giving good opportunity to learn crypto and sharing our views .

Thank you very much for your great support.

Hey I'm #steemitblog new users please come back my steem id

This #challenge is very important for me I am joining now.

Why so many evil Downvoters on ?

Sorry... I don't think DeFi will be able to Compete with the New U.S. Electronic Sound Money, backed by U.S. Bullion Coinage...
October 10, 2020... 11.0 Hollywood Time...