DeFi (Decentralized Finance) has become one of the most popular topics of the last period. In this article, I will tell you how you can invest in DeFi projects only through the eyes of an investor without going into technical details.
First of all, I have been producing content on my Youtube channel about this topic for a long time. The main thing to know is that we are not talking about a concept such as DeFi Coin, DeFi Token. Decentralized Finance refers to a new ecosystem that begins to enter our lives every day. So what does the coin or token mean for DeFi projects sold on decentralized exchanges or central exchanges?
As you can see in the picture above, I shared the DeFi page of CoinMarketCap with you. For example, Compound, which is in the first place, is actually a loan and lending application. The platform released its own “COMP” Governance Token (ERC-20). Those who have COMP can have a say in the decisions about the platform and can gain COMP as they trade. The reason I explained this was to say that it was not like DeFi Coin or DeFi Token, and players in the decentralized finance ecosystem issued their own coins or tokens. Also, if you want to examine, we have explained COMP token here in detail.
Due to the nature of the DeFi (Decentralized Finance) ecosystem, these tokens are traded on decentralized exchanges. In this article, my aim is to show how you can trade in the centralized exchanges that used by everyone.
FTX exchange lists the coins in the DeFi ecosystem quickly and also offers a product called DeFi Index. If you still do not have an FTX account, you can get a 5% lifetime discount by registering here.
In the DeFi Index, the coins of the big players currently in the decentralized finance ecosystem are converted into a single basket, thus allowing investors to invest in the DeFi area in a simple way.
I explained how the basket created for DeFi Index, from which exchanges prices were taken and other details in the Youtube video that I prepared exclusively for this subject. I recommend you to watch it!
What is DeFi Index? How to Invest in DeFi Projects?
https://www.youtube.com/watch?v=7mzMIthQgHk
⚠️ The information, comments and recommendations contained here and in the social media accounts are not within the scope of investment consultancy.
Alp IŞIK
Sosyal Networks 📱
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