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DeFi is Dead!?

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asteroids
@asteroids
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I saw a lot of posts and social media convos about DeFi over the past 2 days. Some DeFi coins tanked alongside Bitcoin but posted double digit % losses.

While like most rational people I bought the f'ing dip, I think that a lot of people out there FUDDED out with the news and got dumped their bags.

Weak hands do weak things.

Instead of crying about the dip yesterday, I found opportunities to buy some of my favorite coins on the cheap.

AAVE is a lending protocol on the ethereum blockchain. It allows you to take out collateralized loans against your crypto or even loan out your crypto for a specific annual percentage yield - APY.

AAVE's native token - LEND - dumped off its recent highs alongside Bitcoin and many thought that this could be the end of DeFi.

I literally read post after post on the media outlets calling for the end of DeFi. Saying that "the bubble had burst"... What a ridiculous way to think.

That's just a reason to start buying more. Buy when there's FUD, sell when there's FOMO.

I live by that mantra, so yesterday I bought LEND at about $0.51 / LEND. This is a $10 token in the making.

My opinion, not financial advice.

Posted Using LeoFinance Beta