RE: Watch Out For LeoFi
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BY THE WAY, THIS IS SPECULATION ON MY PART. NONE OF THIS IS FROM THE LEO DEVELOPMENT TEAM
Anyone with a decent enough brain should consider these things you described as obvious future moves for hive. The real question is how and who is going to pull it off. These things need resources & dev time. I hope someone will manage to release a prototype DeFi on Hive before BTC goes into a serious correction again.
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You would be surprised at the number of people who take things like this as an "announcement" post.
The DeFi protocol is being worked on. I havent seen any updates in a few days so I am not sure of the progress.
I dont think the price of BTC has much to do with it.
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I haven't seen much updates myself. These stuff are hard to develop. I'd rather see devs focus their time on building prototypes than making whitepapers. There's been too many projects with cool whitepapers and no real product. I've read through cool whitepapers and have a product get released and end up being abandoned in few months/years.
If people keep coming to a bare bones version of a product (like the early Steemit.com I joined in 2017) it means we have something that can get people on board even without all out marketing and shilling. Splinterlands is one of the coolest examples. They spent most time building and improving. I've played the game since there was no gameplay and I've played through times where you had same rule set for 2 days or something. The improvement I saw during the months was enough for me to make Splinterlands NFT into my biggest crypto position.
I still don't know Splinterlands even having a whitepaper. It's just few blog posts and a MVP that just worked on blockchain. Get me a simple trading bot where I stake some currency instead of paying fees and I'll be joining DeFi in a heartbeat.
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