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❕NEWS DeFi value rises

AudraMiller

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There are many people that see a lot of potential when it comes to certain cryptocurrency coins and I think that as a result of that they choose to take the low-risk approach by locking their coins in a defi project. This ill allow them to not have the temptation of selling that coin or panicking when the price of the coin drops as well. In a recent news article, it seems that the number of coins that is locked in these projects is on the rise, with a mammoth growth that was seen this year of over 935%. This is over the course of one year alone. What do you think about this development?
 
The ability to put one's crypto to work is such an attractive prospect. We know that savings accounts are worthless these days so some opt for index funds, ETFs and the like. While crypto's value inherently is likely to increase, thje prospect of having your holdings earn even more regardless is appealing. In addition, I feel those who really believe in projects feel more part of the commumity when they can actively validate and be a part of governance of the projects.
 

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