My Defi Journey has been a rather pleasant one so far. First heard about the word Defi I think two months ago, the buzz wasn't that hot back then, but I got to know about Uniswap first. It was really fun the speed of Uniswap, and the idea of carrying out all my alt coin swapping directly from my Wallet just by having Ethereum, so I began using them.
I was fortunate enough to buy some low cap gems and they boomed and I made some really cool profits from that. Then the Defi train began to take off fully and I began to hear of strange concepts like yield farming and liquidity pools and the likes. Had to research into them to understand what they meant and they honestly sounded pretty dope. I then began to provide liquidity for some of the tokens I had large holdings of. Used to Provide liquidity for the Parachute token on Uniswap, made quite some good profit from that when they boomed over 500%, also provided liquidity for a couple of projects too.
After this successful conquest, I began to hear of new concepts. They were not entirely new, but for them to be run through smart contracts and decentralisation was totally new, and these were Crypto Lending and Borrowing. Like I said they were not new in Crypto but for them to be run in a Decentralised manner was definitely new to me. And so i jumped in while I could. Put up some bags I was HODLING up for lending to be borrowed, and they have been growing nicely and giving me some good APR. I use Compound and AAVE for my Lending, and loving them totally.
I then began to delve into buying Defi tokens as an investment. They are not going anywhere in my opinion, and in fact this is only the beginning of the hype. According to a Cointelegraph article, just 6 projects control 90% of the $7 billion locked away, Cardano and so many other big boys are looking to go into the Defi space to get a piece of this pie, and I expect more projects to come in and the competition to make the space more hotter than it already is. But anyways I began to look into investing in Defi projects. Already had a soft spot and love for Kyber and their KNC tokens so they were a no-brainer, and they're currently priced at around $1 that's still very underpriced for me, and they were the first for me to get a bag of. Also grew to love ChainLink, but sadly I missed out on them when they were at $9. $Link then boomed to around $16 and I was already hitting my head on the wall for missing out on them. But then there was a dip and they dropped to around $12 and I used that opportunity to grab a bag, I'm holding that till it moons lol. Also today grabbed some of the hot Polkadot, been watching their $DOT token tearing up the charts on Binance, and so when they dipped to under $5 I used that opportunity to grab myself a bag. I believe they're booming to over $30. Also grabbed a bag of AELF and also can't wait for that to do big things too.
One project I'm itching to invest in, and it's my one regret that I have not invested in them so far is TrustSwap. They're so underpriced at $1 and for what they do they'll boom soon. It just sad all my funds are tied up right now, planning to get some money to invest in them though. Can't wait to grab some shiny SWAP tokens, so that's my only regret so far.
Can't wait to see Defi industry keep doing big things, and I can't wait to buy my Lambo when all it all pays off hahahaha. Loving the ride though, and can't wait for bigger things.