Hiya there community,
This is my first time Blurt on Blurt! I've been pretty active on Steem and then Hive and only just realised I had a heap of Blurt to use so why not power up and post away. Anyway, here is my first post on Blurt... Hope you enjoy.
Lately the buzz word has been #DeFi and a lot has been said about Uniswap and $UNI tokens have been flying around all over the place. I haven't really been into $ETH as a token but have been focussing most of my time in $EOS. I see the merits and engagement of building on the Ethereum blockchain, however, the high gas fees have been a real turnoff for me. EOS is quick and fee-free (relatively) so has been my choice to play in this space.
My #DeFi project has been Defibox (http://defibox.io). Here you can earn BOX tokens for 'mining' certain tokens. I decided early to provide some liquidity to this project in EOS/USDT, EOS/CHEX and EOS/BOX. When you provide liquidity you receive proportionate rewards hourly in BOX tokens. When you use Defibox to swap tokens, you also 'mine' and receive some BOX tokens for each swap.
There is an inherent risk when providing the liquidity, like any other DeFi project, though there is a large amount of EOS and UDST locked into the project so I have been willing to risk manage my involvement. Gains so far have far out-weighed the returns from proxy voting on the EOS chain.
At the moment, Defibox has been gaining momentum among DeFi projects on EOS and there is currently 20+M EOS in liquidity in the project and is growing each day. The BOX token continues to be listed on new exchanges weekly.
This is not investment advice!
Good decision to come over here. Less drama :)
Hey Scooter! Long time, welcome to Blurt!
Hey there. Thanks for the welcome!