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RE: DeFi the Savings Wallet and Supercharge the Second-Layer?

in LeoFinance4 years ago

I am in the same boat as you as there is a cost to staking in missed opportunities, but believe the opportunity here is far greater. I think I have 1/4 of what you have (haven't checked) as you grow so quickly as we can see how things get compounded the more you have. This is a beautiful system and look forward to a stable $4 Hive sometime soon hopefully.

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I think there would be a lot of value capture to bring defi onto Hive and leverage the security of the owned accounts. It would make the place attractive to pure investors, plus it could help build second-layer support. Might be a lot of fun :)

I did see some stuff on making Hive into a mini Ethereum offering defi. This could be really big as there would be other use cases for holding Hive.

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Especially if it is on the already decentralized layer :)

Isn't hive engine "sort of" defi?

The De is for decentralized, HE is not yet, but getting better. However, I think it would be valuable to have a HIVE sink for defi, as it underpins the infrastructure.

I thought Hive Engine had witnesses now? Not disagreeing with you on the HIVE sink, I also hate my sleeping coins.

Some witnesses yes, but it requires more than that.

Would be very interesting to get those sleeping coins to work with other chains.