Medium to long term, I think they have the right approach to achieving Ethereum's promise and their development is both well-researched and seems to keep moving along.
Near-term, (like immediate term) I think they're about to shake up DeFi in a major way. They are releasing Fantom.Finance any day. Frustratingly, the announcement is delayed because their twitter account is locked. This is because they retweeted too many articles about their recent partnership with the Afghanistan Health Ministry. (Though I also personally think they were delayed from addressing some last minute for node resyncing issues as well)
I say this because of Andre Cronje. He appears to be orchestrating and directing a master plan. (Just watch any videos with him - most are from last year) The guy has been heavily involved and influential in much of what is today's DeFi ecosystem.
After launching the Fantom Mainnet in December, he started working on DeFi dapps through his own projects, iEarn, and with Curve.fi.
However, in early March, there appeared to a falling out with Curve.fi and he completely disappeared from crypto (and the internet). But, this month, he has suddenly reappeared. He started retweeting some DeFi related projects and published 3 articles today. He also has a new project in iEarn github called iborrow.finance that looks a LOT like the Fantom styling (and updated by Fantom's Senior Solutions Architect).
I think he's helping to bring a lot more to Fantom's DeFi than most expect.
My guess is Fantom, with its lower cost and faster speed, is going to do DeFi how Ethereum hopes to do it eventually. And with the ability to port solidity contracts, just a few new or current DeFi projects expanding or making the jump to Fantom will inspire many others to do the same.
And this network effect equals value. And possibly a LOT.
Medium to long term, I think they have the right approach to achieving Ethereum’s promise and their development is both well-researched and seems to keep moving along.
Near-term, (like […]