Getting bored with the concept of DAO, Gaming Blockchain, and NFT JPEGs?

I’ll tell you what. Most NFTs goals these days are just to grab enough cash to survive (mehhh).

But have you know about several use-cases of NFTs other than just uhh dAo jPeG? such as DeFi Protocols, gaming equipment, Identities, etc?

Today I’m going to talk about DeFi Protocol that is Composable. And what is that exactly?

We are all aware that we can just buy coins and stake them either in CEX or DEX. Based on everyone’s preferences, staking in DEX is mostly because of the higher return / APY. Meanwhile, do you know that there are several platform created service to compound your return so that you get maximum return?

Services like yearn.finance, pickle.finance, etc. There are several of them giving you the ways to optimize your return only by staking them into the smart-contract.

Also there are several DeFi Protocol that can make you long/short coins with leverage. The ecosystem itself is growing massively because of the Supply and Borrow APY.

Basically depositing your bitcoin to borrow USD is shorting, right ? Now apply it with leverage. If you deposit 1 BTC at price rate $50.000, with borrow leverage x3, you’ll get 150k USD. Now what can you do with the 150k ? How about staking them with 10%++ APY of stablecoin ? Or maybe another coins ? It’s all composable. You can find all of this on https://gearbox.fi/ .

Now, This is my personal play.