Compound jumps 200% Since December 2020
AAVE matches Compounds price
Staking to yield more revenue than mining
For the past 11 years Bitcoin has dominated based on its mining probabilities and its capabilities of providing financial incentives to miners.
However, this has now turned and investors are beginning to flock to decentralised finance. The removal of expensive over heads, mining equipment and utility costs are turning people away from Bitcoin and into decentralised finance and staking.
Yearn Finance recent hack saw investors seek alternative staking platforms flocking to Compound and AAVE. Compound has risen 200% since December 2020. It's gains slightly beating Bitcoins.
The coin has since reduced to $US500 but market experts are predicting exciting growth towards the end of the year as decentralised finance coins are current under valued.
I am currently investigating the best coin for investment and I have stumbled across a coin or governance token which earns $US400 million less than bitcoin and is of a fraction of the cost.
This coin once investors realise it's value and potential will see significant rapid growth.
I will provide the update in my next blog once I gather enough information to present to you.
These next few months will be a telling time as a battle will emerge between Bitcoij and Defi. Noting Ethereums BETH release and the potential removal of high GAS fees will put Defi straight in the firing line to topple Bitcoin.
With the information that I will present to you in my next blog, you will see why. You will also ditch alot of your bitcoin for it.
It's breaking news.