Lately the $EOS token has been performing quite well despite the fact that most Crypto users have a bad opinion of the token and its governance.
N.B. This post was written on Sunday and therefore, a lot has happened on the market since then ! :D
Performance of EOS in 2021
Nevertheless, the EOSio Blockchain is quite secure and allows almost feeless transactions through a CPU and Net system which prevents spamming and other malicious activities.
Following the BNB and Binance Chain DeFi craze, it seems some big whales are hoping EOS can get some of these disapointed Ethereum DeFi users as well.
Total Value Locked (TVL) on EOS
- February 8th: 63mns
- February 21th: 128mn (+100%)
Deposit rates of their top markets
Will you jump into $EOS DeFi?
At the moment there are some very lucrative pairs on some of these protocols, most will not be sustainable.
I think especially about one which is an algorithmic Stablecoin with USDT that gives c.1500% APY ! It seems the algorithmic stablecoin does not really work as it went from 1.1$ to 1.9$ during the time I was a LP.
Being in the pool for the past 10 days gave me a 40% performance in liquidity incentives and a +25% performance on the overall value of my LP.
Crazy right but something bad is lurking as it is too good (and too crazy) to be true :D !
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