Sorry, there is no second half for DeFi

Just ask, is there ever a basketball or football game without a second half?

There were no collapsed stadiums, no earthquakes, no inescapable plagues, and no large numbers of zombie attacks. The second half will continue smoothly until the finale.

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Looking for the second half of DeFi

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(data source dapptotal)

However, whether it is borrowing or being liquid mining through DEX, it is still inseparable from the current DeFi market sentiment dominated by speculative arbitrage. A project can be copied in 5 minutes, and the crops are not enough for food to make up. If one plate is eaten and the next plate is eaten, the freedom of wealth is the real freedom.

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(Image source: DeBank)

From COMP detonation, YAM to Sushi, YF (?) to Uniswap, a large amount of funds flowed into Ethereum, some people got into their uncle’s car, and became rich and free overnight; Still looking forward to the next piece of sushi, the chef has already jumped out of the car to cash in; no matter whether the operation of returning after the event can restore the confidence of the market, the answer to development or pull is obviously the latter.

There is no KYC, only high interest rates. Those who have not caught their uncle's trousers and have already hugged their uncle's thigh are looking forward to what the next high point will be. However, the problem exposed at the same time is that ordinary investors can only make DeFi into a Diff due to the high gas fees and operation access threshold, "It's too difficult (Difficult)" and "Why do I lose money when others make money (Different)".

So in their eyes, DeFi urgently needs a second half, a truly decentralized distributed finance.

**The smart chain was launched, and the community shouted, "The second half of DeFi is coming!"

On September 6, Binance launched "New Coin Mining", users can deposit BNB to participate in new coin mining.

On September 7th, Huobi launched "Locking HT/HPT to Participate in Liquidity Mining".

Also on September 7, OKex also announced the launch of DeFi mining products.

Will CEX be the second half? Did it pass overnight, crying everywhere? Is it the slogan of no ** no DeFi? Or is the exchange not an online collision on the chain? Quarreling with the left hand, pulling the game with the right hand, is better than fighting each other with one move?

Looking around, imitations are rampant, and the value track of "0 private placement, 0 pre-sale, 0 pre-mining, and full mining" has become a grafting track. In the past, Uniswap paved the way for sushi, and later, it warned rights protection users to invest rationally.

The network is congested, and 2.0 has not yet arrived; thunderstorms occur frequently, and chickens and dogs rise to heaven.

There is no second half here, and it has always been a single-round elimination track.

DeFi Lego, YAM loopholes, contract audit blind spots, liquidity mining traps... The DeFi market is still in the technology community, development depends on autonomy, the risk lies in the user, and the majority of the income is earned. Technical risk, market risk, credit risk, the development of hard-core technology has been imprisoned in a hard capital shell from the very beginning, putting the cart before the horse.

If you can choose, who doesn't want to have a reverse bullet.

But so are crises when we have no choice.