DeFi Returns To Former Highs

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DeFi Returns To Former Highs

Even though the issues of transaction fees has not yet been resolved by Ethereum they are lower at the moment currently running at between $3-$5 far lower than what we saw during the last craze. So what's changed?

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Simply put the amount of transactions taking place has greatly been reduced. Because of active side chains, NFT work arounds and only hitting the main chain when they need to the amount of transactions taking place on the block itself are far lower now than they were before.

What This Could Mean

Because of this lower fee it means more transactions and DeFi can take place. Currently the defi space is primarily Ethereum at about 80% of the total TVL. There are very few sizable platforms on Binance Smart Chain.

Because of these lower Ethereum fees and most likely the continued reduction we could see all new highs in DeFi we have never seen before. Again this is going to be primarily around Ethereum. This is why I love the introduction of Polygon soon to CUBDEFI.com as it will open the platform to Ethereum now as well on a more regular basis.

We have now returned to our all time highs in the DeFi space and did so rather quickly. We might see another small retraction as people take in some profits but I firmly believe at some point here in the next year we are going to see massive rallies in this space.

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One of the defi platforms currently taking off is one I have to say is the ugliest UIs ever. it reminds me of Windows 95 lol this platform is called Curve.fi

*This article is not financial advice and is for informational and entertainment purposes only.

CubDeFi and Splinterlands

One of the coolest things as of late is the introduction of Gaming into DeFi. There have been a number of projects recently that have pooling funding from sites like Pancakeswap and CubDefi. Splinterlands being one of them and because of this it's skyrocketed the price of everything in Splinterlands NFT crypto game on the HIVE blockchain.

Currently you can stake CAKE for SPS within Pancakeswaps pools. SPS is the governance token of the Splinterlands game.

You can also stake DEC-BUSD which is DEC - Splinterlands in game currency and a stable coin BUSD to earn CUB.

Posted Using LeoFinance Beta



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8 comments
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Gamified DeFi is amazing.

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I freakin LOVE IT lol DeFi was motivation but gamifying it 100000% better

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I am going to miss my CUB add this month since I accidently staked my LEO. But I guess it might be a good idea to move some DEC to replace it and make up for this.

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DeFi is really changing the crypto world and soon it's going to disrupt the economy as we know it

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