In my previous article, I outlined the four types of DeFi protocols and took a deep dive into the lending space—ultimately concluding that Ethereum and yield farming with stablecoins in liquidity pools constitute the best
I Am Buying The Dip On Synthetix
Summary
- The decentralized derivatives space, led by Synthetix, has the highest risk-reward ratio of all DeFi protocols.
- Parabolic network growth is being slowed by SEC hostility toward security tokens.
- I believe this false narrative will resolve to the upside because the SEC has no way to enforce regulation on decentralized protocols.
Ariel writes about crypto and global macro. He is the author of "Understanding Cryptocurrencies: Bitcoin, Ethereum, and Altcoins as an Asset Class," published by Business Expert Press. His work has been featured in Forbes and Finnotes.org. He is the Head of Operations and Strategy at Axal - an a16z-backed startup at the cutting edge of AI and crypto.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of SNX-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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