SUI is one of the much - debated coins of crypto with a massive potential in the bull market. The coin has a different history and the past is full of disappointment for many early investors / community members of it.
The problems with project arose when the team did not choose to airdrop the coins for the contributors, rather, the team decided to organize Initial Exchange Offerings (IEO) on several top - tier ones such as OKX and ByBit. As the community had no " advantage " as they expected, they started the campaign that NO AIRDROP - NO COMMUNITY against it.
This part is what the majority of the crypto enthusiasts know. However, there are some details that are missing. For example, the team rewarded the community members who were active on Discord and their contribution was leveled by a gamification. The active members who connected their discord accounts with one of the exchanges were granted access to earlier token distribution from $0.03 only!
When it comes to today's market capitulation and the price of 1 SUI, this is an incredible earning within months. Yet, people still say that SUI is a " dead - born " project. I believe this action is not logical considering the potential of SUI as a Move language, fast and cheap TX project.
I would not turn my back to a project that gathered $336M in the early investment rounds. This is a nice amount of money managed by the team to enrich the ecosystem. Besides, the hype on Aptos - SUI will always support each other.
DeFi on SUI is HOT
Lending and Borrowing might be one of the easiest ways to make gains in SUI via Navi Protocol.
Since the projects have an incentive campaign, both you get a nice APR for your lending and the borrows do not hurt you thanks to side earnings via campaigns.
For example, this is what you get for lending on Navi Protocol
The rates are pretty nice if you consider the potential earnings in the bull market.
What about the borrow rates on SUI projects?
You may earn more if you borrow 😉
This is crazy but I've been receiving positive revenue from my borrowings on Scallop. The whole ecosystem is distributing SUI and the community members enjoy the extra token rewards while getting debt for a very low Borrow APY like in this case.
Incentives & Airdrop Opportunities
Nobody talks about it but both NAVI and Scallop do not have a native token. If you consider the growth of SOL and TIA recently, you will recognize the important role that the airdrops have been playing.
If we look at the total value locked on the projects and the active users that they have, I believe their airdrop may effect the whole market in a positive way. Each airdrop means money printed in an ecosystem. So, the prices may easily go up if the ecosystem starts to have new and hyped airdrops.
There are many other ways that you can make gainz such as Liquidity Pools and staking. However, these two are the sides that are undervalued and I believe Hive is the best place ito nform people about earning opportunities on SUI's DeFi ecosystem.
Have you ever invested in SUI's DeFi projects?
Share your observations below 👇
Hive On ✌️
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