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by mjmj
2132 days ago
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Echoing your comments: Playing with defi applications and dex’s this week got me pretty excited about where the space is headed. There are now smart contracts that exist where the admin controls are disabled and users can do things like flash loans where you put up some collateral borrow huge sums of tokenized money and then pay it back in seconds or years later. No paper work, no counter party risk, intermediary is code. You pay gas fees and whatever apr you agreed to. https://dydx.exchange/ Dex’s are becoming awesome, https://uniswap.org is friggin rad. So easy to use. There’s obviously going to be tons more scams and projects that blow up or get hacked, but out of this will come some very useful finance applications that never existed before. |
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