Defi is Greening While Bitcoin and ETH Take Holliday – Trustnodes

Defi is Greening While Bitcoin and ETH Take Holliday


At least for some it’s summer because bitcoin and eth (like cats) have left the house and have not been back for some time.

Here in London however we’re blessed with much wind and cloud so to keep boredom at bay, it looks like many are continuing to play on decentralized financial platforms, defi.

Defi gains, June 2020
Defi gains, June 2020

Ampleforth is making a straight line upwards and was up 40% in the past 24 hours, now at nearly 20%.

They’re apparently to do this defi thing where they give you free tokens, so 4chan has been shilling them a little bit.

Actus is something that has been underground, until now. To our surprise, they claim to have launched decentralized ethereum options, giving us the featured image above.

We haven’t checked much of it because this is the overview section, with Bancor, Synthetix, Ren, Kyber, and much of the rest in the green today.

dForce, we almost dismissed this one as just another project, but they got $1.5 million in VC investment from Multicoin Capital.

They’re based in China, and from the sound of it their aim is to create a one stop shop for all these defi dapps. Multicoin Capital says:

“A super-app is defined as a ecosystem of many apps that people use every day because they offer such a seamless, integrated, contextualized and efficient experience.

Building on this definition, a super-network is an open ecosystem of many protocols that offers a seamless and integrated experience bound together by native token.”

dForce is so new, they don’t even have a circulating supply, but the total supply is one billion.

So this thing is worth $300 million? Maybe. If Snapchat is worth $33 billion for selling ads to chatting teenagers, why shouldn’t this be worth… wait Snapchat is worth more than eth?

But they don’t even have profits. They actually lost $241 million! How do they???? Oh, of course, it’s the old rigged system.