Crypto Alts - what is DeFi?

I found an interesting link to a site that reports on all things DeFi.

https://defillama.com/

It has saved me countless hours trying to identify all the currencies that represent the rapidly growing ecosystems generally referred to as DeFi or Decentralized Finance.

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This is the sort of BI I have been trying to find to identify sh__coins before they become whales. I note from here that Harmony (ONE) constitutes 0.16% of the total DeFi value locked of all chains, but I expect that to grow much faster than some others. I may be right, or I may be wrong, but I can’t argue with the APR% in the first two days of participation.

DeFi means decentralized finance, it is a crypto movement. DeFi is a trustless application, its means the application not controlled by central party such as a bank or a government.

Didn’t realize this was from November! Are you still using Defi Llama?

Occasionally - I checked it last week for FOX (farmers only) and Tranquility City on Harmony (ONE)

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FTM, still with the lowest MCAP/TVL of the + $1bn chains. Something to keep an eye on.