Explain why competition from DeFi coins continues to decline.

In March 2020, I decided to invest my time and energy in DeFi. About a year later, in March of this year, we saw a significant increase in DeFi exchange rates. It's the result of big business models like the Bitcoin side chain and Ethereum smart contracts, and Bitcoin blocking the big controversy. I was wrong. It seems the only big deal I made was the right one, and I still appreciate it. However, DeFi has dropped this year.

Currently, DeFi coins have been excluded from the top 20 CMCs by market cap, and even the best Uni and Connect have struggled to stay in the top 20. DeFi called sector can be considered completely lost.

Find uni, comp, cake, mdx and cut pieces sushi, lrc, snx, dht and indistinguishable DeFi garbage in my wallet ... It hurts, it's not my job to eat meat, it doesn't is not my job to get it. Knives are by no means essential.

Why has the competition on DeFi currency, which I learned from this, become so bad, and will there be a way in the future?

DeFi has become the industry's default plug-in and has been removed to make monopoly competition more competitive.

I used Alipay in early 2006 and thought it was great then. In the future, all banks will die. Alipay will become China's largest bank. Users will focus on Alipay and enjoy all financial services. .

Yes, Alipay provides all financial services. However, all other devices on the Internet provide the same service.

If you look at financial services online after 15 years, you can use all financial services as long as there is an app with traffic. We will buy cash through WeChat social software, products marketed through the JD.com shopping platform, Didi travel tool loans, and even digital RMB dcep through the Meituan shipping platform. .

On the internet, you will find that financially not creating commercial products, but rather broken down into plugins and affected by other commercial products which are personal.

Ditto for DeFi. The key role of DeFi, exchange, loan and security policy, has also been broken down into convenient devices and integration across a variety of functions, including traffic on the road.

Each chain has exchanges and lending, and exchanges such as Binance have also developed models of exchange and lending. Staking is studied in each project before the formation of the DeFi industry.

Nowadays, GameFi is the most popular, almost all GameFi functions come with an exchange, and the NFT industry also comes with market share.

Every business venture is integrated including 1 inch Metamask swaps, announcements and your trading plans are all mine.

DeFi has clearly been on the road to online finance, DeFi will go wherever there is traffic and provide it voluntarily as part of third-party products.

DeFi cannot be eliminated to create monopoly profitability.

DeFi decentralization failed completely and one failure resulted in the failure of the whole operation.

None of the main products in the DeFi market are decentralized. The star project, uniswap, compound, makerDao ... are all inseparable in terms of project.

uniswap has been censored by the SEC and requires the removal of certain tokens from its most important source, uniswap.org.

The poor performance mix resulted in a loss of $ 150 million and loss of earnings over the long term.

Using Venus' waste as a commodity, he manages costs and borrows a lot of luxuries from the lake. A similar thing happened with ave.

The curve is also affected by situations where people fill lakes with unhealthy substances and then bring in valuable products.

Things seem to happen every day in DeFi, and when the whole project is going on, it's hard for users to trust.

That's a complete difference between the original BTC theft and the system flaw, but the cost will come back soon.

The difference is that DeFi projects have several examples of successful decentralization. The most popular uniswaps and composites are centralized and projects can fail as long as a point of failure occurs.

Creators of DeFi coins often ignore their ability to capture value.

DeFi coins are not able to capture the default, Uni \ comp \ aave is represented by coin management and there is no layout design to benefit from it.

The fiat world's largest design to capture benefits like redemptions and withdrawals, staking locks, and money transfers falls short of DeFi-grade coins. On the other hand, Tail DeFi coins have a good design and value for money, but the coin's value is not good.

In contrast, DeFi's mining model is all about mining and sales, and we don't know who to judge.

Everyone said the parties fear the good SEC revenues will be safe, so just handing over coins with election administration alone is not profitable.

Pieces that capture good commercial value, such as crv and sushi, are not particularly good for pieces depicting the mdx.

There are a lot of arbitrage industries, which makes the users very sick.

DeFi has malignant tumors, just like leukemia. MEV arbitration, in particular sandwich stops.

I have spent thousands of dollars in the pancake business.

I think using a foreign trade model like uniswap would be a huge challenge for cex, but the sandwich stopped pulling the swap before it was even finished.

The user sliding into the swap is in the attacker's best interests, which makes the user very sad.

The particularity of DeFi is that arbitrage platforms like Flashbot have a good reputation in the industry. This is called orderly arbitrage, and the market, as a fully aware user, maximizing user slippage, is in the interest of arbitrage traders.

DeFi, an Oracle, is also able to arbitrate bugs. Mortgage and financial management contracts have been affected by the cost of skepticism. Manipulate the value of oracles using lightning rods to achieve mass arbitrage. I don't know how many consumer goods were given to scientists.

Does the DeFi sector still have a chance to recover in the future?

I still don't know, but I hope it will.