End of DeFi for me for now...

The following DeFi's I looked at briefly:

Lend
Ren
Kyber
Fulcrum
Synthetix
Chainlink
0x
Vechain
Rocketpool
Tezos

and a few more...

I dipped my toes into the DeFi space over the last week or so... and I actually gained some money. I bought LEND and REN, without really using it, just speculating in the price. I also tried out compound via instadapp website, but the fees on ethereum for this kind of activity is very high. I wanted to 4x my $250 in one transaction, but just creating the account, depositing and stuff like that the fees where too high. If you have a lot of money to play with it might be interesting to mine compound this way, but smaller amounts not attractive at all, you will lose on the fees.

So I bailed on compound, cancelled the transaction and took my one ETH back to Binance and traded it for HIVE. HIVE I understand 100% and been using the technology for 4 years. I also sold my LEND and REN and bought HIVE for it. So I am back in my home: HIVE!

I know that most people think its good to diversify, I am slightly different in that manner, I prefare to have all my money in one place at something I understand. If it goes up a lot its a huge win, if it goes down its a huge loss... I can handle a loss as I have money to re-buy every month. So some sweet home HIVE and goodbye Defi for now.

I think the gains on DeFi in general looks appealing, but in the end its mostly speculation... HIVE has a day to day use-case for me and I am not really a speculator or trader.

/Lasse