AAVE

biba8163

> Can bitcoin natively handle Stablecoins As I have explained to mETH Heads, Bitcoin is not competing with Shitcoin Networks. If you still don't get this, you will continue losing money or at best it'll be a massive opportunity cost long term > ETHs value appreciation comes not from utility but like all Alts from capital and liquidity brought by BTC -- see point 1. Also, **in order to compete with other chains, Ethereum will have to scale and that has seen the rise of L2/sidechains which results in loss transaction fees and MEV tips essentially stealing value from ETH. This essentially turns Ethereum, Solana, BSC, Tron, L2/Sidechains, etc into competing networks for DeFi casinos and rails for StablecCoin transfers where they have to remain cheap or utility and users will move to competing chains.** BTC on the other hand has no competition. It doesn't have to scale, it doesn't have to become cheap, it doesn't have to keep advancing, it doesn't have to keep up with the competition because there is no competition. > *All this points are illustrated with ETH value is already being less than 1/3 BTC value from the summer of 2017 and continuing to trend lower over time. A short time frame of possible ETH out-performance if/when BTC goes on a big bullrun will draw short-sighted fools and their money who will over time watch with despair the falling ratio just as /r/ethfinance is doing so today.* https://np.reddit.com/r/ethfinance/comments/1f9ef5k/daily_general_discussion_september_5_2024/llmkgtm/ > Defi DeFI, TVL, etc are all scam narratives. It's not Decentralized. It's not finance. - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens. NOT FINANCE - Every player like, MakerDAO, AAVE, LINK etc, is COMPLETELY CENTRALIZED - There are **no life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc.** Again, shitcoin trading, yield farming, etc is NOT FINANCE. - Then you slap some scamified metrics like TVL based on scam tokens locked up to make gullible fools believe real capital is locked up instead of vaporware scam tokens.

biba8163

> my environmental concerns Because you are repeating some narrative from 2016 saying "destroys the environment" without articulating anything. Most of BTC mining is powered by clean renewable energy today and trending more to that. It's actually helps bring demand to transition to renewable energy, stablizes the grid, reduces the need for gas peaker plants, etc. > Also ETH via UNI and AAVE allows people from countries with no access to dollars to not only hold dollars via stablecoins TRON dominates Stablecoin usage in developing countries and as I've said many times, rails for stablecoins is the killer use case for these competing networks which will have to remain cheap. > Ethereum will have to scale and that has seen the rise of L2/sidechains which results in loss transaction fees and MEV tips essentially stealing value from ETH. This essentially turns Ethereum, Solana, BSC, Tron, L2/Sidechains, etc into competing networks for DeFi casinos and rails for StablecCoin transfers where they have to remain cheap or utility and users will move to competing chains https://np.reddit.com/r/ethfinance/comments/1f9ef5k/daily_general_discussion_september_5_2024/llmkgtm/ > ETH’s dapps are decentralized...Via governance, you know, the only buzz word you chose to not include in your rant. Decentralized Governance is a scam. I've called this centralized governance bullshit scam out many times, 5 years ago, 3 years ago, etc. > One man, Rune Christensen controls the system, interest, fees, voting, etc. There are ELEVEN addresses that accounted for 98% of the voting for the protocol change for an "executive vote" used USDC. Eleven addresses control the entire protocol and a protocol change was voted in just...what 24 hrs? And most of those addresses are probably owned by a handful of people. On what planet is that decentralized? https://np.reddit.com/r/CryptoCurrency/comments/fl68d4/crypto_collateralized_stable_coins_have_proven/fkxc40i/ > AGP42 : Put differently: aside from one whale, AGP42 passes. The Aragon community overall voted for AGP42, but it was rejected with 69% of the vote because of one whale. > AGP37: 82% in favor of AGP37. 453k to 99k. But then the whale voted. So despite 83% of addresses voting in favor of AGP37, on the surface it appears to be a large defeat where 66% vote against. > AGP-35:: Here’s another case in point: Edgeware Lockdrop Proposal for Aragon..The 792k whale voted for this. Deduct the whale’s votes and you get 338k. Which means that this proposal was losing by about 15% at ~43% versus ~57% pre-whale. Then the vote went from losing decisively to winning by a massive landslide. So aside from the whale, the Aragon community voted against Edgeware lock drop participation https://np.reddit.com/r/CryptoCurrency/comments/16qpy14/comment/k1zmjv5/

TrueDreamchaser

Lol did nothing to address my environmental concerns Also ETH via UNI and AAVE allows people from countries with no access to dollars to not only hold dollars via stablecoins but also earn interest on them. This combats the issue of high inflation in many countries. A real use case. ETH’s dapps are decentralized. Each modification is written in GitHub (or something similar) by community members and voted on by holders. Via governance, you know, the only buzz word you chose to not include in your rant. Also I never said I was an ETH maxi, I even opened the door to alternatives. The fact you failed to address bitcoin’s environmental concerns and deflected tells me CLEARLY what maxi you are though.

biba8163

> None of this matters when Bitcoin has 0 dapps Are the Ethereum dApps in the room with us? There is NOT one SINGLE dApp on Ethereum that every day people need or can use. 8 years ago, Ethereum hype was shilling about Decentralized Autonomous Organizations (DAO) replacing corporations, creating decentralized Uber, Facebook, YouTube, Twitter, etc 8 years later, there is nothing like this exists and there is no indication that this is being built or will be built. Just VCs and Foundations dumping worthless money grab tokens. The only thing that has been built is Shitcoin Casinos like AAVE where you can do leverage plays, trade shitcoin tokens, earn yield farming shitcoins tokens, provide liquidity on shitcoin tokens and call this Shitcoin Casino DeFi although there is not single gwei of Finance and all the players like AAVE, MakerDAO, LINK are completely centralized. > "Decentralized Autonomous Organization" and theres a strong possibility that DAOs replace a lot of the world's biggest corporations...et's take a company like Uber. Uber is a platform that brings people who need rides together with people who have cars. To facilitate this interaction, Uber collects 20% of every ride. With Ethereum and blockchain technology, there is nothing to prevent a bunch of software developers from writing a dApp that creates a decentralized Uber. Instead of 20% per ride, transaction fees are paid to the network and the driver takes home the lions share of the transaction..theres a strong possibility that DAOs replace a lot of the world's biggest corporations. (from 2017) https://np.reddit.com/r/ethereum/comments/7jj1so/rethereum_i_wrote_this_to_explain_ethereum_in/ > Bitcoin...destroys the environment ETH Maxi shift in narrative from *"ETH will flip BTC"* to *"Don't invest in BTC it'll destroy the environment and its future security mechanism is doomed to fail"* COPE

biba8163

> None of this matters when Bitcoin has 0 dapps Are the Ethereum dApps in the room with us? There is NOT one SINGLE dApp on Ethereum that every day people need or can use. 8 years ago, Ethereum hype was shilling about Decentralized Autonomous Organizations (DAO) replacing corporations, creating decentralized Uber, Facebook, YouTube, Twitter, etc and Coinbase CEO Brian Armstrong kept tweeting all these apps that people would use every day would be decentralized. 8 years later, there is nothing like this exists and there is no indication that this is being built or will be built. Just VCs and Foundations dumping worthless money grab tokens. The only thing that has been built is Shitcoin Casinos like AAVE where you can do leverage plays, trade shitcoin tokens, earn yield farming shitcoins tokens, provide liquidity on shitcoin tokens and call this Shitcoin Casino DeFi although there is not single gwei of Finance and all the players like AAVE, MakerDAO, LINK are completely centralized. > I think most or many user generated content apps on the web today (stack overflow, YouTube, Facebook, Reddit, quora, github etc) will all get rebuilt on the decentralized web and every upvote/like/star/follower/etc will send real money to the creator of the content (from January 2018 Coinbase CEO Brian Armstrong after shilling BAT, ZRX, etc where investors have lost most their money) https://gist.github.com/travisbrown/ef999d98e9f79c05221bebb36563e3ec > "Decentralized Autonomous Organization" and theres a strong possibility that DAOs replace a lot of the world's biggest corporations...et's take a company like Uber. Uber is a platform that brings people who need rides together with people who have cars. To facilitate this interaction, Uber collects 20% of every ride. With Ethereum and blockchain technology, there is nothing to prevent a bunch of software developers from writing a dApp that creates a decentralized Uber. Instead of 20% per ride, transaction fees are paid to the network and the driver takes home the lions share of the transaction..theres a strong possibility that DAOs replace a lot of the world's biggest corporations. (from 2017) https://np.reddit.com/r/ethereum/comments/7jj1so/rethereum_i_wrote_this_to_explain_ethereum_in/ > Bitcoin...destroys the environment ETH Maxi shift in narrative from *"ETH will flip BTC"* to *"Don't invest in BTC it'll destroy the environment and its future security mechanism is doomed to fail"* COPE

biba8163

> TVL in all smart contracts is estimated to be at $29B currently Educate yourself. TVL is a scam metric to make gullible fools believe real capital is locked up instead of vaporware scam tokens. Reminder that DeFI, TVL, etc is all a scam narrative - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens. NOT FINANCE - Every player like, MakerDAO, AAVE, LINK etc, is COMPLETELY CENTRALIZED - There are **no life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc.** Again, shitcoin trading, yield farming, etc is NOT FINANCE. - Then you slap some scamified metrics like TVL based on scam tokens locked up to make gullible fools believe real capital is locked up instead of vaporware scam tokens.

igoldring

SUI’s volume is nearing that of SOL despite being 15% of its market cap so I’m not going to tell you to not buy it, rather to solely pick one of these L1s. I like AAVE because I use it, but also they have a buyback program through the DAO + nearly 20 billion in TVL. You could add HYPE for this same reason as their volume and fees generated are insane (at least 170B volume in each March and April) + (300M YTD fees). CRV because I’m bullish on stablecoin usage and I’m a fan of their infrastructure and liquidity pools for this. I do like AVAX but just confused on its placement among L1s for now. TAO has been extremely good to trade but I don’t hold any (yet). Finally CPOOL + M87 (I like their p2p platform).

igoldring

I don’t understand why YFI is 1/5th of your portfolio. I’d cut that and throw it in ETH, LINK, or AAVE. Would also add CRV, TRAC, or XMR.

JohnBITbigcoin

Bitcoin already has a know. fork to protect and make it quantum proof do yes it will and also it is upgradable as new threats come available. Where the wealth is is where the network will be & bitcoin has too much riding on its back already, I kniw most ogs like me dont agree but I have been in xrp since a dime and enjoying my 23-36x so where so many banks use and now defi is live on it i di believe the coins will be as follows. BITCOIN Ethereum Xrp Solana LINK SUI ENS *( 30 YRS) UNI,AAVE,COMP DEFI LP / YIELD BNB i believe after a crazy dip when it becomes more decentralized will still be around & kinda took over where neo fell I do believe that we need a couple strong privacy coins & lite coins could take this niche

biba8163

Reminder ETH moves because it's a shitcoin casino with leveraged buys. Pretty much like LUNA. When the shit hits the fan, it's cascading liquidations in your face. I've been warning people about this... > Ethereum is a gambling shitcoin casino and a ton of its value is a mirage derived from stacking on-chain leverage in places like AAVE, Maker, etc. and when the shit hits the fan, you can have cascading ETH liquidations to reveal the ugly shitcoinery lying underneath https://np.reddit.com/r/CryptoCurrency/comments/1igbo84/daily_crypto_discussion_february_3_2025_gmt0/maodhx3/ ...mETH Heads are just starting to discover this. > The absurdity of meme coins like BTC and XRP, and their apparent "market caps" are borne out by their own lack of volume. In the past hour ETH cex liquidations are the same as BTC (x8 mcap), and exceed XRP by a staggering 88x (lol). Just goes to show what a meaningless metric mcap is. > *"That also can mean most ETH buy is on leverage, not spot if it is so easy to fall"* https://np.reddit.com/r/ethereum/comments/1k46i01/daily_general_discussion_april_21_2025/mocyfhr/

anotherfroggyevening

Thoughts on AAVE?

g2kone

I mean, there are many use cases ? You guys never really used eth I guess. Simple example, I wanna buy a new car, I go on AAVE, I put some wBTC or wstETH in collateral, I borrow USDT and I can buy it. I’m still generating interests on my ETH (or my collateral) while being able to borrow usd.

titain19

Check out AAVE. Highly recommended. But it's not BTC native.

jlwapple

Not much of a plan here. I am holding 2k in AAVE & waiting for it to double. 😀

biba8163

> defi is crypto Let me remind the gullible that Trading Shitcoins is NOT finance. DeFi is a bullshit scam narrative from the Summer of 2020. It's not neither decentralized and it's not fiance. DeFi is ScamFi: - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens. NOT FINANCE - Every player like, MakerDAO, AAVE, LINK etc, is COMPLETELY CENTRALIZED - There are **no life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc.** Again, shitcoin trading, yield farming, etc is NOT FINANCE. - Then you slap some scamified metrics like TVL based on scam tokens locked up to make gullible fools believe real capital is locked up instead of vaporware scam tokens. > almost everything in the Top 20 tokens is a defi/smart contract related token And the entire Alt Marketcap is down -50% since 2021. BTC and Stablecoin marketcaps are the 2 assets growing long term. If these pump and dump scamcoins were actually providing any "Decentralized Finance" value and services that people could use, they would not losing value year after year. Hell, ETH's value is at January 2018 levels and ADA's value is below December 2017 level. - BTC marketcap has grown 35% since 2021 (close to 1/2 Trillion in growth) - Stablecoin marketcap has grown 120% since 2021 (over $120 Billion in growth) - Excluding BTC/Stablecoins markecap has shrunk -50% since 2021 | | 2021 | 2025 | Δ |:-----------|------------:|:------------:|------------:| | BTC | $1.23 Trillion| $1.67 Trillion | 35.77% | Stablecoins | $0.11 Trillion| $0.24 Trillion | 118.18% | Ex.BTC/Stablecoins | $1.52 Trillion| $0.71 Trillion | -50.90% | Total Crypto | $2.86 Trillion| $2.67 Trillion | -6.64%

Consistent-Set-913

Me personally I post wrapped bitcoin. AAVE is eth based and I’m a btc maxi I post my collateral let’s say $10,000 worth of WBTC I am then able to borrow up to 70% of the value. I borrow tether (4-6% variable depending on network usage, I’ve seen as high as 12%) Then right on my metamask I convert my tether to more WBTC and post that as more collateral. So say I borrow $5000 tether and convert to WBTC I post back as collateral. Now I have $15,000 collateral posted and owe $5000. You never have to make a payment and only requirement is you keep your health factor above a 1.0 The more collateral you have the bigger your health factor. Let’s say just to make this easier to grasp, that btc price doubles in a year. I owe $5000+$250 interest and my stack has now grown to $30,000 I pay off the debt and sit on $24,750. My gain was $4,750 in borrowed leverage. Now do your own research and play it safe, I’m sure you’ve year of people getting liquidated cuz they take on too much debt. Be smart don’t be a degenerate.

Consistent-Set-913

Ever heard of lending? If you have 10k in crypto use as collateral on AAVE and borrow whatever stables you need and then into cash. This way you keep your coins and borrow the money at low interest.

Mindless_Ad_9792

basically every chain that matters apart from Solana uses ERC-20 tokens and AAVE is still the biggest DeFi platform in crypto, but oh do please show me the chart of on-chain volume on BTC since 2021, thats a steeper falling graph.

Odd_Solution_1340

I mean it’s probably frowned upon, it’s up to your risk tolerance. But you can utilize a platform like AAVE lend your btc and take a collateral loan out against it to farm with other coins. I have a small loop the Apr on the borrow is ~2% but the stable coins I took collateral on are in a farm earning ~20% Apr, I pay back the collateral loan and take profits. There is risk of liquidation, however as long as you manage it it’s not and at all. Just an option, I would still just throw it on a cold wallet. Just wanted to share another avenue.

Onebadosteopathswag

Is everything ethereum based cooked? Ethereum is down the gutter, and with that there goes chainlink and AAVE.

biba8163

You seem upset because you fell for ETH memes. May I remind you that ETH is at January 2018 levels? It's kind of hilarious you were making fun of EOS being at 2018 levels in 2020 but it's 2025 and ETH is at January 2018 levels. > May I remind you EOS is still at December 18 levels? It kinda sounds hilarious https://np.reddit.com/r/eos/comments/iytvmp/aw_look_at_little_eos_just_being_eos_so_cute/g6iyizi/ Looks like you fell for the DeFI meme... > Ethereum and Eth-based DEFI projects will explode guys. Finance 1.0 is over. (2020) https://np.reddit.com/r/collapse/comments/ha0ccw/us_dollar_what_do_you_think_will_be_breaking_point/fv089ex/ Let me remind you that Trading Shitcoin tokens is NOT finance. DeFi is a bullshit scam narrative from the Summer of 2020. It's not neither decentralized and it's not fiance. DeFi is ScamFi: - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens. NOT FINANCE - Every player like, MakerDAO, AAVE, LINK etc, is COMPLETELY CENTRALIZED - There are **no life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc.** Again, shitcoin trading, yield farming, etc is NOT FINANCE. - Then you slap some scamified metrics like TVL based on scam tokens locked up to make gullible fools believe real capital is locked up instead of vaporware scam tokens.

igoldring

You can use AAVE to just wrap the btc then borrow USDC and the rate is like 4%….. no need to overpay here for convenience

biba8163

> I will just follow the smart money Trump smart? No. Conman and scammer? Yes! You weren't paying attention to many warnings... > Reminder that the Dumbest Man on the Planet is buying ETH. > With Casinos, they say the house always wins. Donald Trump has bankrupted 6 casinos. > Trump once bought an airline that was profitable for 10 years and bankrupted it within 1 year. https://np.reddit.com/r/CryptoCurrency/comments/1igbo84/daily_crypto_discussion_february_3_2025_gmt0/maqnu8r/ ...and you don't seem to have a clue... > Did you mean President Trump? He has been investing in crypto through the Trump-Linked DeFi Platform—World Liberty Financial, which bought $100M in Crypto Tokens on Inauguration Day https://np.reddit.com/r/ethtrader/comments/1ixr41l/is_the_bloodbath_over_or_just_started/mep6mxv/ > ######Trump Family to Build Businesses on Ethereum, Lubin Says ‘World Liberty Financial Is 100% Ethereum (January 22) > (WLFI) It's dogshit, founded by scammers, run by scammers and Trump and his family haven't put any of their money in crypto but are running a grift to collect as much money from fools as they can. ETH investors are cheering them on. > - WLFI is run Chase Herro Zachary Folkman who previously ranDough Finance a fork of AAVE that was hacked for $1.8M in July 2024 and went bankrupt. > - Justin Sun is the biggest investor of WLFI. He's purchased $75 Million of WLFI. > - The Trumps have not put any of their money in crypto. They are collecting money including ETH, USDT, USDC, etc by selling WLFI tokens and also memecoins > - The goal of of this project supposedly is to *"Make crypto and America great by driving the mass adoption of stablecoins and decentralized finance."* https://np.reddit.com/r/CryptoCurrency/comments/1i7pfbq/trump_family_to_build_businesses_on_ethereum/m8nnlyf/

biba8163

> I will just follow the smart money Trump smart? No. Dumb, scammer, grifter, grapist, yes! You weren't paying attention to many warnings... > Reminder that the Dumbest Man on the Planet is buying ETH. > With Casinos, they say the house always wins. Donald Trump has bankrupted 6 casinos. > Trump once bought an airline that was profitable for 10 years and bankrupted it within 1 year. https://np.reddit.com/r/CryptoCurrency/comments/1igbo84/daily_crypto_discussion_february_3_2025_gmt0/maqnu8r/ ...and you don't seem to have a clue... > Did you mean President Trump? He has been investing in crypto through the Trump-Linked DeFi Platform—World Liberty Financial, which bought $100M in Crypto Tokens on Inauguration Day https://np.reddit.com/r/ethtrader/comments/1ixr41l/is_the_bloodbath_over_or_just_started/mep6mxv/ > ######Trump Family to Build Businesses on Ethereum, Lubin Says ‘World Liberty Financial Is 100% Ethereum (January 22) > (WLFI) It's dogshit, founded by scammers, run by scammers and Trump and his family haven't put any of their money in crypto but are running a grift to collect as much money from fools as they can. ETH investors are cheering them on. > - WLFI is run Chase Herro Zachary Folkman who previously ranDough Finance a fork of AAVE that was hacked for $1.8M in July 2024 and went bankrupt. > - Justin Sun is the biggest investor of WLFI. He's purchased $75 Million of WLFI. > - The Trumps have not put any of their money in crypto. They are collecting money including ETH, USDT, USDC, etc by selling WLFI tokens and also memecoins > - The goal of of this project supposedly is to *"Make crypto and America great by driving the mass adoption of stablecoins and decentralized finance."* https://np.reddit.com/r/CryptoCurrency/comments/1i7pfbq/trump_family_to_build_businesses_on_ethereum/m8nnlyf/

mabradshaw02

I bought Lend, put 2k in it, then was down to like 50 bucks, so I said, f that, not gonna cash out, didn't check it for years. Then I looked at it and it was up to about 8k, cashed out, didn't care why or where, was thrilled. Then it turned into AAVE and kept going up, i'd probably be at 20k now. But oh well, i was idiot happy. made $$.. that's all that matters. all my "Smart trades" barely make $ or I lose out..

biba8163

> We have seen institutions, banks, governments, corporates getting into the crypto and blockchain world. They are investing in Bitcoin not shitcoins. > Whatever happens on a daily, weekly, or even monthly basis is irrelevant. Right look at long term, only BTC/Stablecoins are adoption and marketcaps are increasing. Shitcoins marketcaps and value have been shrinking and shrunk in half in 4 years. Hell, ETH is at January 2018 prices, XRP, ADA are at December 2017 prices. - BTC and Stablecoins are the only assets that are growing long term - Excluding BTC/Stablecoins the marketcaps of crypto has now gone down more than -53% - Even Memecoins which get blamed for taking away liquidity have shrunk in marketcap - Number of Alts sharing that shrinking marketcap has gone from 5,000 to over 1+ Million | | 2021 | 2025 | Δ |:-----------|------------:|:------------:|------------:| | BTC | $1.23 Trillion| $1.62 Trillion | 32% | Stablecoins | $0.11 Trillion| $0.24 Trillion | 118% | Memecoins | $0.066 Trillion| $0.048 Trillion | -27% | Ex.BTC/Stables/Memes | $1.45 Trillion| $0.752 Trillion | -53% | Total Crypto | $2.86 Trillion| $2.6 Trillion | -9% > AI SCAM SCAM SCAM for gullible technically illiterate crypto bros. Educate yourself. > - Google, Amazon, Microsoft and Facebook are spending between $30 to $50 Billion per year on AI and all losing money on it. They are saying that it's an arms race they are forced into but they have no idea where the returns are going to come from. > - OpenAI makes like $4.5 Billion off subscription fees and it's losing billions of dollars a year and they could face bankruptcy in 12 months. > The idea that shitcoins that collect money from selling tokens will create any sort of viable AI product product is an idea that only people in the crypto space would be gullible enough to believe. https://np.reddit.com/r/CryptoCurrency/comments/1fcnakr/singularitynet_fetchai_and_ocean_protocol_launch/lmabhy3/ > Decentralized Compute, Storage, Cloud, AI are all scams. These kind of bullshit hype scams have been around since 2017 with SIA, Golem, etc. These are vaporware and/or not feasible/efficient to compete with public cloud solutions providers who invest billions per year into infrastructure and R&D. https://np.reddit.com/r/CryptoCurrency/comments/1dron6t/daily_crypto_discussion_june_30_2024_gmt0/layo7nb/ > RWA Bullshit scam narrative. Stablecoin usage and putting some treasuries for niche use cases on public blockchains for which have to remain cheap to compete with each other isn't going to push a shitcoin token's price up. Educate yourself. - Stablecoins which make up 97% of RWA have gone up 120% in marketcap while ETH has gone down -70% since 2021. - Since March 2024, ETH scammers started shilling BlackRock BUIDL, Soneium, RWA memes and ETH is down -60% since then. https://np.reddit.com/r/CryptoCurrency/comments/1bkm1u1/blackrock_unveils_crypto_fund_first_with_5/ > DeFI DeFi is a bullshit scam narrative from the Summer of 2020. Educate yourself: - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens. NOT FINANCE - Every player like, MakerDAO, AAVE, LINK etc, is COMPLETELY CENTRALIZED - There are NO real life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc. Again, shitcoin trading, yield farming, etc is NOT FINANCE. - Then you slap some scamified metrics like TVL based on scam tokens locked up to make gullible fools believe real capital is locked up instead of vaporware scam tokens.

96933287275978

Look into DeFi maybe, AAVE for example.

Educational_Basis_51

LINK and AAVE are stressless longterm bag

jlwapple

I wonder if that would pump up AAVE since it's ETH based.

throwawayaccc80

AAVE

biba8163

> Without Defi you are relying on centralised exchanges exclusively. Your understanding of Finance is weak. Shitcoin trading is NOT finance. > I currently have access to a 2%-3% interest rate on AAVE thru my crypto investments. It is quite literally the lowest cost credit I have access to. Hell my mortgage is a massively collateralised position with a 6%-7% interest rate. Taking out loans using shitcoin tokens which typically drop -75% to -95% as collateral is finance. You cannot get a mortgage through the DeFI meme. You cannot get any real world financial products through bullshit DeFi memes. > But congratulations you are smarter than both SWIFT and DTCC who are actively backing oracles and a unified golden record thru Chainlink ChainLink is a scam: All it does is centralized shitcoin price feeds for shitcoin casinos. Once in a while they'll do some pilot partnership memes and create lots of hype luring more gullible noobs. LINK for the past few years has been shilling some pilot where Swift messages can be sent to multiple blockchains and the transactions are acknowledged. These pilots that no financial institutions use and no institutions pay for LINK to justify a meme token d dump like LINK a $10 Billion marketcap - How many hundreds of millions of revenue does ChainLink collect from financial institutions?! ZERO - How many hundreds of millions of investment does ChainLink get from financial institutions?! ZERO - Where does ChainLink get all their money to do these useless pilot programs that are solutions looking for a problem?! BAGHOLDERS And Bagholders are acting like Swift is some huge multi-national trillion dollar marketcap company. Swift is a bank messaging platform run by a Cooperative of 3,000 employees. Chainlink is a typical crypto scam like many that partnered with traditional real world companies to shill their tokens for fictional vaporware use cases. The only source of revenue has been 300 Million tokens dumped on bagholders since 2020 and the price is down -30% in 5 years.

nitrozing

Decentralisation of DAO’s is a legitimate concern. Your understanding of Defi and oracles though is very weak. Without Defi you are relying on centralised exchanges exclusively. Without Defi your options are to be a buyer or seller. You can never act as the market organising and profiting from swaps of buyers and sellers. The ability to organise trades and profit from the service through liquidity pools is quite literally a financial service by definition, yelling in caps doesn’t change the definition mate. I currently have access to a 2%-3% interest rate on AAVE thru my crypto investments. It is quite literally the lowest cost credit I have access to. Hell my mortgage is a massively collateralised position with a 6%-7% interest rate. Accessing cheap credit through collateralised positions is another financial service by definition which is possible right now. IDC to explain oracles to you anyway. If you can’t understand the use case of Defi which relies on oracles for timely information you’ll never realise the use of oracles. But congratulations you are smarter than both SWIFT and DTCC who are actively backing oracles and a unified golden record thru Chainlink. Stick to your guns though, I’ll stick to mine. Good luck!

biba8163

> NFTs and baked beans, some stupid shit there. The Heart of all these Scams are Ethereum narratives to try to manufacture fictional imagined use cases Ethereum **DAOs (Decentralized Autonomous Organizations)** A decentralized organization/company that is governed by its stakeholders with no chain of command or any one person in charge, everyone has a say in governance of the organization by means of direct voting power proportional to their stake in it. It is autonomous because humans are not responsible for the executive function of the organization. The smart contracts does everything automatically. Stakeholders can vote to change the behavior of the contracts or vote to bypass/change it entirely, but the smart contracts are organization. In reality, Decentralization and Governance memes and the whales control nearly everything by printing tokens for themselves and dumping on gullible retail investors. Even the most celebrated Ethereum DAOs are token dump scams. I posted this about MakerDAO 5 years ago: > One man, Rune Christensen controls the system, interest, fees, voting, etc. There are ELEVEN addresses that accounted for 98% of the voting for the protocol change for an "executive vote" used USDC. Eleven addresses control the entire protocol and a protocol change was voted in just...what 24 hrs? And most of those addresses are probably owned by a handful of people. On what planet is that decentralized? https://np.reddit.com/r/CryptoCurrency/comments/fl68d4/crypto_collateralized_stable_coins_have_proven/fkxc40i/ And people have posted the same crap about other DAOs whale controls everything like in Aragon another celebrated Ethereum DAO: > AGP42 : Put differently: aside from one whale, AGP42 passes. The Aragon community overall voted for AGP42, but it was rejected with 69% of the vote because of one whale. > AGP37: 82% in favor of AGP37. 453k to 99k. But then the whale voted. So despite 83% of addresses voting in favor of AGP37, on the surface it appears to be a large defeat where 66% vote against. > AGP-35:: Here’s another case in point: Edgeware Lockdrop Proposal for Aragon..The 792k whale voted for this. Deduct the whale’s votes and you get 338k. Which means that this proposal was losing by about 15% at ~43% versus ~57% pre-whale. Then the vote went from losing decisively to winning by a massive landslide. So aside from the whale, the Aragon community voted against Edgeware lock drop participation https://evanvanness.com/post/184616403861/aragon-vote-shows-the-perils-of-onchain-governance **DeFi (Decentralized Finance)** Defi is a bullshit scam narrative from the Summer of 2020 - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens. NOT FINANCE - Every player like, MakerDAO, AAVE, LINK etc, is COMPLETELY CENTRALIZED - There are NO real life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc. Again, shitcoin trading, yield farming, etc is NOT FINANCE. - Then you slap some scamified metrics like TVL based on scam tokens locked up to make gullible fools believe real capital is locked up instead of vaporware scam tokens. **Oracles** I will just present you with the words of a vaporware meme scammer with a degree in philosophy, no technical background, no background in finance, hasn't held a real job his whole life and has no real world experience in anything. But this Scammer is building magical oracles that will have Data Containers containing an Unified Golden Record will know within seconds everything that's happening Off-Chain in the Real World!!! Listen to the scammer Sergey Nazarov : > "What is the status of the real estate? Are there any tax liens? Is there any debt? Change of ownership? As the status of the real world asset changes, you should have a real world update to the on-chain token....You go from not a 1-month window of verifying an asset but to a few seconds window....The way to do that is to make a connection to what's going on in the real world and what's On-Chain by creating an Unified Golden Record"* https://np.reddit.com/r/CryptoCurrency/comments/1jlb8bb/chainlink_is_now_working_with_the_federal/mk2t3ac/

nugymmer

Not all alts, but 99.9% of them, yes, they are reliant on retail. But the other 0.1% have a promising future. Eg. likely ETH and LINK have a promising future, as does HBAR. AAVE is another one that might be promising as far as tokenization goes. There are a small, very small number of alts that are poised to do well. But even then you cannot guarantee anything. Nobody can even claim a guarantee. That's why it's risky to hold crypto, but the rewards might end up being huge if you picked the right ones. Keep stacking BTC though, don't let that one get away. DCA as much as you can each month.

ShivaDestroyerofLies

Yeah. Trump announced a strategic reserve and coins pumped because idiots thought that the US government was going to yolo a bunch of shitcoins to the moon. Why would the US government do that? The crypto reserve was given guidance to find ways to expand without taxes. Likely this will mean keeping a percentage of seized crypto, YieldNodes farming, and DeFi lending like World Liberty Fi’s AAVE lending. Anyone who FOMO’d in without a plan or basis is going to get crushed. Focus on the coins you believe have real utility and a future. After all it’s possible we may be in accumulation mode for the next few years. I just looked and Eric Trump said that in his opinion Feb 3rd was a good time to buy ETH and I agree. Buying during major dips is ideal, anyone who bought between them and now should see pretty substantial returns when ETH goes back up. I recommend not confusing Eric with his father though… two different people. I still don’t know why you are mentioning Saylor, the man is going to shill BTC constantly. His entire business model is based on hoping that prove can outrun his interest. He isn’t DJT though.

coinfeeds-bot

tldr; An Ethereum wallet dormant since 2017 sold its remaining 5,001 ETH, earning $8.66 million in profit. The wallet originally purchased the ETH for $1.38 million when the price was $277. Despite holding through multiple bull runs, including ETH's all-time high of $4,878 in November 2021, the wallet sold 3,000 ETH in March and the remaining 2,001 ETH recently. Ethereum is currently trading at $1,882. Additionally, crypto whales have been selling Aave (AAVE), with notable deposits to FalconX and OKX at losses. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Phine420

Put into AAVE and borrow against if u need the money

CunningStunt_1

Protect.flashbots Will get a rebate on your Eth lost to MEV/front running. Similar product that chainlink just released with AAVE for MEV reclaim from liquidations. I do find front running less an issue on L2s. Assuming you are trading on Eth?

biba8163

> Imagine a system where traders don't have to worry about centralized risks or off-chain dependencies since asset management, brokerage, and liquidity all work together smoothly across blockchains. Trading Shitcoin tokens is NOT finance. DeFi is a bullshit scam narrative from the Summer of 2020. It's not neither decentralized and it's not fiance. DeFi is ScamFi: - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens. NOT FINANCE - Every player like, MakerDAO, AAVE, LINK etc, is COMPLETELY CENTRALIZED - There are **no life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc.** Again, shitcoin trading, yield farming, etc is NOT FINANCE. - Then you slap some scamified metrics like TVL based on scam tokens locked up to make gullible fools believe real capital is locked up instead of vaporware scam tokens. Stop getting scammed thinking DeFi, Web3 and all these memes are real.

biba8163

DeFi is a bullshit scam narrative from the Summer of 2020. DeFi is ScamFi: - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens. NOT FINANCE - Every player like, MakerDAO, AAVE, LINK etc, is COMPLETELY CENTRALIZED - There are NO real life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc. Again, shitcoin trading, yield farming, etc is NOT FINANCE. - Then you slap some scamified metrics like TVL based on scam tokens locked up to make gullible fools believe real capital is locked up instead of vaporware scam tokens.

Mattie_Kadlec

FWIW it is nothing like Luna. You can mint the stablecoin using assets like ETH, TON, Polygon and many others as collateral, instead of using a crypto issued by Falcon. It is more similar to AAVE or some other lending protocol tbh

Known_Click

AAVE just gives an 3-4% for USDC which its pretty low imo

biba8163

Why Smart Contracts? BTC is not a Shitcoin Scam Casino. You have ETH, SOL, BNB, etc. Chain after chain for those sorts of scams. The only thing smart contracts have created is ScamFI which is also known as DeFI: - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens - Nothing Decentralized about it. Every player like, MakerDAO, AAVE, LINK etc, is centralized - It's not Finance. There are NO real life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc. - Then you slap some scamified metrics like TVL and make it seem like it's a bustling "ecosystem" with a lot of finance going on.

noviwu97

You listed out 6 broad categories as your "next cycle" thesis. That's not helpful for you and anyone else. Since you'll be spread too thin in your investment.  Identify at most 2 and allocate properly. For example my thesis at the start of 2024 was BTC and Memecoin. Which was very fruitful. And my thesis for this year is Stablecoin. Defi dino like AAVE and MKR will benefit a lot with this narrative. With the SEC being more lenient, it opens the possibility for profit-sharing too.

coinfeeds-bot

tldr; DeFi dominance has dropped to levels not seen since the 2021 bull market, with token valuations and total value locked (TVL) showing bearish trends. TVL decreased to $90 billion, and lending protocols saw a sharp downturn. DeFi tokens like Uniswap (UNI) and Aave (AAVE) have underperformed, with dominance at 3%, far below the 2021 peak of 5.9%. The sector's stagnation reflects broader altcoin weakness, as Bitcoin absorbs liquidity. Despite stablecoin growth, DeFi struggles to recover, with synthetic assets and lending facing challenges amid bearish market conditions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

biba8163

> I like its focus on DeFi and its been steadily growing in app revenue and TVL. Feels promising for a coin that isnt even top 50 right now. Willing to hear counterarguments DeFi is a bullshit scam narrative promoted by ETH Maxis during the Summer of 2020. DeFi is ScamFi: - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens - Nothing Decentralized about it. Every player like, MakerDAO, AAVE, LINK etc, is centralized - It's not Finance. There are NO real life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc. - Then you slap some scamified metrics like TVL and make it seem like it's a bustling "ecosystem" with a lot of finance going on. > its been steadily growing in app revenue and TVL As stated, TVL is a scam shitcoin casino metric. Sonic a shitcoin with a $1.5 Billion marketcap. How much revenue does it generate? It will be funny. For example, mETH heads will argue to death of ETH fundamentals based on its fee revenue and low supply inflation as ultra-sound money making it undervalued. Using mETH Head Metrics, TRON is 5% of the marketcap of ETH and collects close to the same amount of fees as ETH and actually has a deflationary supply. Using valuation is based on mETH head metrics, it would mean TRON is 15X more undervalued then ETH. | Metric | ETH | TRON | |:-----------|------------:|:------------:| | Marketcap | $320 Billion| $20 Billion | Yearly Fees | $2.48 Billion| $2.15 Billion | Supply Inflation | 0.72% | -2.5% Using metrics such as Price-to-Earnings (P/E) Ratio in traditional finance to evaluate the value of companies, it would mean ETH has a PE of something like 110. The S&P 500 has a PE of like 25 is considered historically overvalued. Crypto does not have fundamentals. It's entirely speculative like gold.

absurdcriminality

How did they generate so much TVL already? $400M is huge considering that AAVE also deployed on Sonic recently.

ronchon

Here's a small market cycle indicator tip: watch for the borrowing rate of USDC on AAVE. When it starts going down, it means the bull cycle is closer to the end, my hypothesis being that it's because smart money is de-leveraging and taking profits thus closing their loans. It's been going down since the beginning of the year now, after peaking at the end of 2024.

breakbeatera

Let's start with letter A; ADA, AVAX, AAVE

biba8163

> Chainlink is the furthest thing from being a scam in this entire space It looks like you are a White Knight Bagholder Defender of the ChainLink Scam since 2021 when LINK was $30-50 and you were saying it was going to provide *"functionality for the cryptocurrency economy" LOL with "endless future use cases."* This scam token still doesn't do shit besides shitcoin price feeds that it did in 2021 and dump tokens on gullible baghodlers like you: > Chainlink is a protocol that provides an underlying functionality for the cryptocurrency economy as a whole https://np.reddit.com/r/CryptoCurrency/comments/les1h4/why_link_tokens_are_needed_for_the_chainlink/ > Bitcoin brought us blockchain, ETH brought us smart contracts, Chainlink makes those smart contracts useful for more than just tokenization. https://np.reddit.com/r/CryptoCurrency/comments/msviy2/1_bitcoin_first_generation_2_ethereum_second_gen/guvrxcd/ > Chainlink is the key to creating more useful dApps. Currently, its most prominent use-cases are providing price feeds to decentralized exchanges and providing provable randomness to NFT projects. The possible future use-cases are endless. https://np.reddit.com/r/Chainlink/comments/posl1q/what_does_chainlink_do/hcyv3ks/ Reminder to noobs that the ChainLink scam and the entire DeFi economy bullshit is a scam. DeFi is ScamFi: - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens - Nothing Decentralized about it. Every player like, MakerDAO, AAVE, LINK etc, is centralized - It's not Finance. No real life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc. - Then you slap some scamified metrics like TVL and make it seem like it's a bustling "ecosystem" with a lot of finance going on. Crypto's has 2 Killer Use cases, otherwise you are mostly getting scammed by bullshit Ethereum meme use cases: - BTC - Stablecoins Only 2 Assets that have grown in Crypto since 2021: - BTC - Stablecoins Excluding BTC/Stablecoins - The Alt marketcap has shrunk by almost -50% - The Alt marketcap has shrunk -50% but the total number of coins/tokens has risen from 3,500 to millions - The shrinking Alt marketcap combined with the explosion of number of Alts have resulted in a massive dilution of liquidity and a effusion of bagholder tears | | 2021 | 2025 | Δ |:-----------|------------:|:------------:|------------:| | BTC | $1.23 Trillion| $1.59 Trillion | 29% | Stablecoins | $0.11 Trillion| $0.24 Trillion | 118% | Ex.BTC/Stablecoins | $1.52 Trillion| $0.8 Trillion | -47% | Total Crypto | $2.86 Trillion| $2.63 Trillion | -8%

biba8163

> Chainlink is important and an integral part of crypto ChainLink is one of the better marketed token dump scams in crypto. Bullshit hype utility. All it does is centralized shitcoin price feeds for shitcoin casinos. Once in a while they'll do some pilot partnership memes and create lots of hype luring more gullible noobs. If you look up Sergey Nazarov, he's a typical crypo scammer who hasn't worked a day in his life. LINK was already $20 in Q3 of 2020. They have flooded the market with 300 Million more tokens since then. There is NOT a SINGLE bit of evidence of any big money buyers of LINK. Can you name a single big money entity buying $100 Million or more of LINK? Only dumb gullible retail crypto bros who have gotten burned with almost a half a decade of lost money investing in the scam. > defi The entire DeFi bullshit is ScamFi for gullible crypto bros - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens - Nothing Decentralized about it. Every player like, MakerDAO, AAVE, LINK etc, is centralized - It's not Finance. No real life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc. - Then you slap some scamified metrics like TVL and make it seem like it's a bustling "ecosystem" with a lot of finance going on. Crypto's has 2 Killer Use cases, otherwise you are mostly getting scammed by bullshit Ethereum meme use cases: - BTC - Stablecoins Only 2 Assets that have grown in Crypto since 2021: - BTC - Stablecoins Excluding BTC/Stablecoins - The Alt marketcap has shrunk by almost -50% - The Alt marketcap has shrunk -50% but the total number of coins/tokens has risen from 3,500 to millions - The shrinking Alt marketcap combined with the explosion of number of Alts have resulted in a massive dilution of liquidity and a effusion of bagholder tears | | 2021 | 2025 | Δ |:-----------|------------:|:------------:|------------:| | BTC | $1.23 Trillion| $1.59 Trillion | 29% | Stablecoins | $0.11 Trillion| $0.24 Trillion | 118% | Ex.BTC/Stablecoins | $1.52 Trillion| $0.8 Trillion | -47% | Total Crypto | $2.86 Trillion| $2.63 Trillion | -8%

Phine420

And who is shorting usd? I mean hedging btc does kinda this (especially I you loan out btc at AAVE and get stables instead)

002_timmy

AAVE is leaving Polygon, just as an FYI.

MichaelAischmann

POL doesn’t perform though, sadly. My POL position on AAVE has halved in value despite interest.

ecmw91

I'm so glad I am using WBTC on AAVE. I was able to pull out some funds from a flash loan to free up some debt without needing to pull out my BTC holdings. Even still, I'll HODL as much as I can and hopefully it doesn't dip so low that my holdings aren't taken up as collateral.

schizophrenicbugs

This is financial natural selection at its best. You can be concerned, as any good friend would, but you have to accept he won't change his mind. He obviously didn't reason himself into this decision* so you can't reason him out of it. The reason I say he didn't reason himself into the decision is because there are a ton of lower market cap projects which offer actual utility. He could have invested into Uniswap, AAVE, Ondo, Render, or anything else which has a good idea behind it. Instead he chose a coin that is a satirical take on all the shitcoins in the space. I get throwing like 3% of your total investment capital into a gamble, but your friend is straight-up stupid.

jadosseiran

Loaded up on some ONDO, AAVE & LINk yesterday. The dip is almost to an end. Next month we go up ⬆️

jlwapple

This! I have it all in AAVE & it's too low to sell now, so I'm just going to forget about it and hope there's a surge in April after the tariffs hopefully get lifted.

yakefomo

The memes are funny. The leadership is a mess. If I said to you the local bank in your neighborhood has $28 billion in cash. You would never assume they are going to zero. AAVE alone has that much across ETH and EVM chains. Do almost $200B a month in volume. Goldman Sachs of Crypto. Big numbers that need a story. DeFi story is real and should be leveraged.

yakefomo

People wanted institutions. They don’t need an alt season. New money on Solana(non-EVM) chased meme coins. Non EVM money stayed on their island. ETH no ATH became ultrasound money and non volatile. Just yield all day. Their wish became a curse. Broader economy turns. Then we could be set up for a massive run. If ETH gets approval for staking ETF’s. That will be its moment with AAVE driving it.

ConstructionSolid788

Not only did all everything you bought go insane from august - may, but then you would hear about these projects that came out of nowhere pulling 150x . Polygon exploded. Veracity. BNB. Cardano. Polkadot. AAVE. Everything. But then we all got geedy and the party ended early and most including myself became exit luquidity

jonnyrockets

There’s bio such thing as “crypto” just like there’s no such thing s as “tech” - they are all unique and sometimes when grouped seem to behave the same. What do you mean by Crypto ? I don’t another President will be as bullish on Bitcoin or alt-coins but this President is a criminal and has literally no idea what he’s saying on Crypto or anything else. That can’t be overstated. Ultimately the price of crypto will be determined by usability, cash flows, adaptability and general use cases. There are three main groups. Bitcoin - in its own universe. Nothing like anything else with its Proof Of Work infrastructure, scale, first to market and unique value prop, security and bring adopted globally, with the US investment most recently. Who knows how much euphoria drove it up to $100k+ recently but it’s settled back. Next group is ETH/SOL/XRP/ADA/LINK/AAVE/AVAX/LTE - they all offer some value in their networks/transactional speed, platforms, smart contracts, decentralized finance, payment systems, etc. they have real products and use cases and potential for huge revenues. Valuation is confusing to say the least There’s no regulation which makes it easy to scam - like Trump. Bring us to the last group which is everything else. They ares all scams and if you invest, you will get hurt. They are all risky, for different reasons. Some have higher/lower potential and valuations, 90%+ are guaranteed scams and failure.

biba8163

DeFi = ScamFi - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens - Nothing Decentralized about it. Every player like, MakerDAO, AAVE, LINK etc, is centralized - It's not Finance. No real life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc. Then you slap some scamified metrics like TVL and make it seem like it's a bustling "ecosystem" with a lot of finance going on.

sigh_duck

From my understanding they use a platform like AAVE to borrow against their holdings like WBTC or stETH and using the loan to short. I forget the term for this strategy.

jedinac

AAVE ?

breakbeatera

Lol Aave. I bought AAVE at 45. This was a discount. Now you are just buying my bags

Massive-Current-7370

FAKE NEWS! Government sources say that currently cryptocurrency reserves are an unfair solution to maximize the federal budget. Apart from BTC and ETH, certainly XRP, Solana and Cardano will not be part of this strategic reserve due to the massive investments of Chinese miners in these cryptocurrencies. My predictions (LONG TERM!): according to the most plausible rumors, the strategic reserve would rather include the cryptocurrencies DOGE, TRUMP, AAVE, MOVE and STETH (Trump's portfolio of cryptocurrencies), besides BTC and ETH. Trump and his circle of partners are trying to maximize their gains, being his last term as president, and the polls show a fabulous return of the Democrats to the leadership of the state.

SkitzBoiz

Why no BTC at all? AAVE was a better pick imo then the 3 you are considering rolling into others.

BoratOhtani

I don’t have a lot of a ETH but for a great alt coin season to pump , you really need ETH to pump because it’s ecosystem like Link, DeFi coins like uni, AAVE, etc, l2s, memes etc etc all pump when ETH pumps

CryptoTherapie

At the moment, due to my professional projects, I no longer have liquidity to invest in the crypto market. However, sensing an interesting dip to buy, I deposited WBTC (Ethereum) on AAVE to borrow USDC and increase my WBTC position, which I then re-deposited as collateral on AAVE. It’s important to manage your position well to have a sufficiently low liquidation price for peace of mind. A great solution to strengthen your position in these conditions: use blockchain, use DeFi.

yakefomo

He didn’t pump any of his coins he owns like AAVE or ETH. Weird.

CunningStunt_1

You are looking for a loan. Would you use a traditional bank which requires; hours of paperwork, invasive KYC into your income streams, predatory APR and pay back terms. Or AAVE; connect wallet. Take loan. Payback whenever. Terms crystal clear. Crypto payment is a meme. Literally solved by fiat in the developed world (EU).

PantyDoppler

BTC - Decentralized store of value DIP - decentralized insurance protocol, AAVE - decentralized banking LSS - hack mitigation system VXV - decentralized ai science data matrix DAO - ICO platform ALU - programmable NFT's Thats my bags, not saying they'll come out as winners, but they try to solve some sort of a problem as opposed to memecoins. Ive learned over the past 5 years that 99% of crypto is pointless, even good projects with a real world use case can die due to token inflation or selfish team. If you want to be sure your money doesnt just flow to someone elses pocket then your best bet is buying BTC, everything else could just be an attempt to make people rotate from BTC to other useless cryptos.

Forward_Key6360

That’s fair—DeFi is evolving fast, and devs have more options than ever. But let’s be real: **L2s aren’t optional, they’re inevitable.** Supra containers, app chains, sidechains—all cool innovations. But **liquidity stays where users are, and users stay where tx fees are cheap.** L2s solve that. The fact that **big money & major protocols (Uniswap, AAVE, Base, dYdX) are already on L2** says enough. If L2s were "optional," why is everyone migrating?

SavageSapper12b

AAVE has connections with the trump family

ShivaDestroyerofLies

Remortgaged my house to buy $MARYKATECORNETT and deposited that in AAVE for a loan to short BTC! YOLO!!!! If anyone needs to hear it: You Only Live Once so don’t do this. There is no loading from a save file from when the joke stops being funny. Be the tortoise not the hare.

jerichogringo

AAVE

SkitzBoiz

AAVE seems to be a good long term one.

biba8163

Only 4 Coins in the top 100 that have been around 3+ years have outperformed BTC over 1-year but they are down massively from 4 years ago or 7 years ago. | Coin | 1-YR | Prev. ATH (Year) |:-----------|:------------:|:------------:| | BTC | 63%| 29% (2021) | XRP | 300%| -42% (2018) | DOGE | 130%| -72% (2021) | XLM | 140%| -70% (2018) | AAVE | 93%| -70% (2021)

jlwapple

How low does anybody think AAVE will go? I've got the patience of a Shaolin monk and hodl'ing, but starting to think it isn't too late to sell now and get back in at a much lower point.

CunningStunt_1

AAVE is the most established and I would personally say safest.

Ok_Application2481

Maybe… but buying 10 coins to have one double and the rest flop is similar to buying Eth and having it go up modestly (and still very likely underperforms just buying btc.) Solana is trash and likely going back down to $20 imo. When I saw their transaction times still posting activity when the entire network was halted, I don’t trust anything to do with that network. Certified mail might be cheaper, but using AAVE (or some other reputable DEFI) is cheaper than a bank (fees-wise including crypto costs.)

Miserable-Yellow-837

You said you work everyday? I tell you to look into a self custody loan like Ledn, or AAVE. And get a loan out on your bitcoin to buy MicroStrategy. You’re essentially leaving wealth on the table. The MicroStrategy stocks are underpinned by SATs. So there are sats per share. Essentially you can buy enough shares that can become 1-2 Bitcoin in a few years. I’d tell you to do research on what MicroStrategy does and why people invest in it and don’t pigeon hole yourself and make the same mistake people Trad finance people do and make a judgement before looking into it. MicroStrategy will likely be the first bitcoin bank, that’s something you’re gonna want to be apart of, or atleast I will. Look into MSTR and MSTY. I wish I would have looked into MSTY sooner but instead I like people in here sway me and all my money is tied up at the moment.

BonerSangwich

Purchasing power is not dollar value. It’s relative value. If I put in X dollars and get Y of AAVE or whatever and swing trading causes a loss on X, but a net increase on Y, I have suffered impermanent loss per dollar value, but increased relative value of my holdings. If I had $110 invested in SOL at $280 per unit, but could cash out and buy $100 worth of SOL at 20 apiece, I’m losing $10, but my potential gains justify the temporary loss. Sav?

CunningStunt_1

Why would I use that? It has poor liquidity. AAVE is the far better option.

lifesezNcheezy

SOL wrecked its reputation with meme coins rug pulls. Better off with AAVE, that's a winner. 🤷‍♂️

Ivan_DemiGod

Sonic is a defi juggernaut, AAVE launching soon too 🔥

Zavalla96

ETH does not dominate anything. A bunch of contracts were written years ago but the only ones being used is AAVE and NFTs. Nobody is building anything on ETH. Even Vitalik is dumping ETH. There is more development happening everywhere else. Bitcoin is the most decentralized system in the world. Bitcoin doesn't work for coffee but it does work for real estate, cars, and other high value items. Gold does not work for anything but yet it's a 12 trillion dollar market. You can't build anything on top of gold. Yet people stupidly buy a metal that they think is scarce. Because of the nature of decentralization and it's ability to be sent anywhere to anyone makes people want to build on it. And I'm not talking about lightning at all.

CunningStunt_1

Crypto as a "currency" has always been a meme. The true value in crypto is smart contracts. The ability to grant anyone with an internet connection access to tailored financial products in a decentralized, trustless manner is priceless. Where else can i trade perps where i know i wont be front run by my broker? GMX. Where can i get a loan against existing assets that wont have predatory rates or become victim to insider trading? AAVE. Memes get all the attention, as they are easy to understand. The true value are the protocols currently managing more wealth then all the memes combined.

jlwapple

AAVE will up, up, up very soon!

momoniazi

ETH SOL ADA LINK ONDO RENDER TAO AAVE BEAM Down 15% from my original investment. What do you guys think?

Ivan_DemiGod

Same here, and AAVE is only days away

jekpopulous2

That’s not the way it works at all. Alt season is 90% beta tokens on major chains. If ETH (for example) goes 3x - the DeFi protocols that live there go nuts. AAVE, LINK, UNI, ARB, etc all go 10-20x. Smaller caps in the ecosystem might go 50-100x. That’s what alt-season looks like.

Aconyminomicon

They don't care about Ethereum. They are just using their massive ETH holdings to Stake or Use on AAVE for borrow/lend. What do you think AETHUSDC and STETH is and why do they have the higher amounts? They know retail is most into ETH so they stake whatever they buy and get a nice fat passive income and it really doesn't matter if it drops or goes up 10-20%. Eth is no longer a coin you can make gains from unless you are ultra-wealthy and this post sort of proves that.

Onebadosteopathswag

that’s what it’s supposed to be, but yea i’d be careful. it reminds me of AAVE. AAVE was fucking booming a few months ago and now it’s struggling

MinimalGravitas

> This still doesn't explain the benefit. Did you not read the quotes? They literally explained what they see as the benefits. Faster settlement, transparency, less intermediaries etc... One more that they didn't mention is composability. Assets onchain can easily be used to build other products (a term the community used to refer to as 'money Lego'). An obvious example is USDtb. Ethena Labs bought a chunk of Blackrock's BUIDL tokenized treasuries asset [https://securitize.io/blackrock/buidl] and have used that to back a USD stablecoin [https://usdtb.money/transparency] which you can see is backed by US treasuries. For your gold example, if you wanted to you could build a lending a borrowing platform that allowed people to deposit a tokenized gold product and borrow stablecoins against it. That would require some knowledge of coding (but not much as you could probably just fork AAVE or Compound), but would be infinitely easier than trying to do similar through traditional finance (which goes back to the points above about removing the need for intermediaries). It would also be better for users, because they could directly see onchain that you held the amount of tokenized gold that you said you did (which goes back to the points the SEC commissioner etc made about transparency). That's obviously just one simple (and probably flawed) illustration, but hopefully you get the idea!

yakefomo

Comp is an og DeFi platform. Its founder Robert Leshner is on the Chopping Block podcast. He’s not involved in the project anymore but mentioned the whole issue about how’s there is an individual who gamed voting and governance last year. Personally I prefer AAVE. Listened to this pod from the founders mouth. Actual alpha and good insights on the industry from founders[https://overcast.fm/+AA9KZZCQPBk](https://overcast.fm/+AA9KZZCQPBk).

christianc750

Huh? It has a huge moat, by far and away the most useful De-fi apps are built on ETH. Particularly stablecoins and things like AAVE, these dApps are also battle tested through downturns. Memecoins are cool but just like with NFTs, that's not how you want to grow your userbase. The value of ETH will (or won't) be driven by more corporate adoption of De-fi apps. The numbers in DeFi continue to be a lot larger than people realize.

ThriceHawk

Pretty much everything tied to crypto uses Chainlink (LINK). Coinbase uses them, XRP uses them, HBAR is partnered with them, AAVE and basically all of Defi uses them. Same with TradFi now. They're partnered with SWIFT and are going in production this year for their 11,500 financial institutions. Partnered with Fidelity, US Bank, Citi, JP Morgan, Franklink Templeton, BNY Melon, USB, BNP Paribas, ANZ, etc. Trump's WLF uses them and has purchased millions of LINK. The central bank of Brazil is using them alongside Microsoft for their CBDC. The list goes on and on. That's a network effect that outpaces almost every other crypto out there and should last a long time.

jlwapple

I've got all my bag ($1,581) in AAVE. HODL'ING for sure!