11-20-2021, 04:04 PM
Algorand has taught me DEFI
<!-- SC_OFF --><div class="md"><p>ETH fees have been too high to 'play' with DEFI for a long time. Either you go in risking a stupid amount of money or you get destroyed by fees. It's like playing your first game of poker and risking all your money.</p> <p>DEFI apps on Algorand (primarily tinyman and yieldly) let you learn about DEFI for fractions of a penny. You can play with (dumb) meme coins for a few dollars and pay fractions of a penny in fees. I've learned about slippage, impermanent loss, providing liquidity, etc. And I didn't have to risk a car payment to do it.</p> <p>There are more defi apps in the works (e.g. algofi). I highly recommend Algorand to others looking to dip their toes into the DEFI water. Watch in astonishment as your $1 on Akita Inu goes to $10 and then gnash your teeth as it drops to $0.50! Then remember it's was just a dollar and you've learned a ton in the process.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Mengerite"> /u/Mengerite </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qxqorn/algorand_has_taught_me_defi/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qxqorn/algorand_has_taught_me_defi/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>ETH fees have been too high to 'play' with DEFI for a long time. Either you go in risking a stupid amount of money or you get destroyed by fees. It's like playing your first game of poker and risking all your money.</p> <p>DEFI apps on Algorand (primarily tinyman and yieldly) let you learn about DEFI for fractions of a penny. You can play with (dumb) meme coins for a few dollars and pay fractions of a penny in fees. I've learned about slippage, impermanent loss, providing liquidity, etc. And I didn't have to risk a car payment to do it.</p> <p>There are more defi apps in the works (e.g. algofi). I highly recommend Algorand to others looking to dip their toes into the DEFI water. Watch in astonishment as your $1 on Akita Inu goes to $10 and then gnash your teeth as it drops to $0.50! Then remember it's was just a dollar and you've learned a ton in the process.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Mengerite"> /u/Mengerite </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qxqorn/algorand_has_taught_me_defi/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qxqorn/algorand_has_taught_me_defi/">[comments]</a></span>Kind Regards R