Review on DeFiPie by LUIS RIVERO R
If you decide to invest in DEFI tokens you must accept the risks.
As its name indicates, it is a DEFI that combines loan services and liquidity in the DEX pool.
Main data related to this DEFI.
-The development team has social profiles and it is possible to contact them. However there is not much information about them.
-The token is useful, as liquidity mining.
-Loan ecosystem (currently under development)
-Token listed in few exchanges, since its launch it has lost more than 80% of its value.
-It has support pools of different recognized assets
The only thing that is needed in this project is more clarity to verify the tokens since if a team manages all the volume they can at any time download it in the different pools and take all the capital, what I would recommend is to keep public which are the wallets where the different volumes are stored.
Now, the usefulness of the token within the ecosystem, especially for governance and rewarding liquidity providers.
In general, it is still early to correctly qualify this project since it is still in development, especially since most of its services are in Beta.
Pros
- It admits loans backed by crypto assets.
- You can earn interest by lending your assets in hold.
- No KYC is necessary.
- Return on investment for high liquidity providers.
Cons
- Low market volume.
- Platform is still under development.
New products
Comments (1)
October 23, 2020
De FiPie combines some of the best features of money market protocols while offering its own unique features, allowing users to benefit from the promises of Decentralized Finance.
Lenders and borrowers can lend or borrow crypto assets decentrally without going through a registration, making KYC and relying on a third party.
