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DeFi Gains Popularity, but Real Earnings Remain Slim

Published 11/14/2019, 05:18 AM
Updated 11/14/2019, 06:21 AM
 DeFi Gains Popularity, but Real Earnings Remain Slim

DeFi returns at best resemble the rather conservative earnings of mainstream finance. Compared to simply holding Bitcoin (BTC) or other coins outright through 2019, crypto lending and other staking schemes offer returns of about 5%. Still, the schemes offer an alternative use case for Ethereum (ETH), and may be a hedge against risk.

Based on observations by Token Analyst, even leading crypto lending schemes did not promise too much in 2019. Investing $1,000 at the start of 2019 gives vastly different results depending on the type of product or coin chosen.

https://twitter.com/thetokenanalyst/status/1194659197302038533

The entire crypto market, including defunct and lagging coins, has managed to double its market cap in 2019, mostly on the back of the gains of BTC and a handful...

This article appeared first on Cryptovest

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