DeFi has recently become a massive force in the crypto space.There is now $800M of REAL value locked into Defi contracts, which equates to nearly 1/10th of all ETH's value locked in Defi. I repeat, one-tenth. How is this not talked about more?Up until recently, all loans on DeFi had to be OVERcollateralized. This means to borrow $1, you need to deposit $1.50. It's essentially margin trading.Until we can start collateralizing assets, being overcollateralized as a lending model just didn't make any sense.But now there is another option. With Zero Collateral Protocol, you can no UNDER collateralize loans, all the way to zero collateral.Hold up... How is this possible and why has the $400M monolith MakerDao not tried to do this already?Chris and Ryan explain in under 10 minutes in the most recent podcast, starting at minute 24:00.This is not a sponsored show, nor am I partnered with ZCP. I believe this is something INCREDIBLY powerful to come into the DeFi space and think the more people who know and support this mission, the stronger the crypto ecosystem can become.Itunes:https://podcasts.apple.com/ca/podcast/ep-65-zero-collateral-evolution-in-decentralized-finance/id1313606505?i=1000463704103Spotify:https://open.spotify.com/episode/3oKhkQszQqt0FaaPhZH3Go?si=7vnzp6eZQTuiNa_KGppRag
I don't always post about my level ups unless they really are an achievement of a goal I had set. I set a goal to get to level 20 at the end of January right after being consistent the first week of January and receiving my first headboard reward which was 250 (position five) ,this motivated me because I completed a level in a few days,some of those couple of weeks I could accomplish two levels in one week which I had rendered impossible at my previous levels.What pushed me? The motivation I get here and everyone's effort here, my goal and the leaderboard competition really pushed me to up my game . Plus I was in a place before where it was barely possible for me to use my phone for long or a decent time,but I made a move and started life in a better place. If you're in a place that doesn't feel like home or give you the peace that you deserve,move. I mean that,move away from a place that's not good for your personal growth,your mental stability, stability in state of mind,just a place that stresses you or makes you feel sick when you get there but feel alive when you step out for a few days or hours,that's not a good place for you and you need to move.Achieving level 20 in less than a period I had actually set for makes me feel some kinda way, gratitude goes back to everyone that likes my posts, it's not because I got the best posts but I created an audience for myself and working on making better and better posts each day,get a bigger audience (followers). Thanks y'all .
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