1/ In 2021, we see an explosion of gamefi, play-to-earn genres, a trend led by @AxieInfinity and then gradually cooled down.
Currently, gamification involves the incorporation of traditional gaming elements into non-gaming activities.
@AxieInfinity 2/ Move-to-earn is the current hype in crypto, following the popular play-to-earn model that most Metaverse and NFT coins adopted. As the name suggests, move-to-earn projects enable users to earn rewards for walking, running, dancing, or simply moving around.
@AxieInfinity M2E apps allow users to earn passive income while engaged in routine physical activities. The move-to-earn gamification works similarly to play-to-earn wherein players completely own their in-game assets which can be exchanged for crypto or fiat money following their terms.
@AxieInfinity 3/ STEPN (GMT) has pioneered the move-to-earn concept which is now followed by other games like Dotmoovs (MOOV) and Genopets (GENE) that all revolve around the idea of rewarding or tokenizing physical movements. Some are still in beta version.
@AxieInfinity 4/ On #Avalanche we have our first M2E application @StepApp_
Despite being behind the big names, @StepApp_ has shown great community interest. Resonating with the plan to build a subnet on Avalanche, this will be a project that cannot be ignored in this game.
Yeti Finance is a cross-margin lending protocol on Avalanche that allows users to borrow up to 21x against their portfolio of LP tokens, staked assets such as $sJOE and $sAVAX, and yield-bearing stablecoins in a single debt position for 0% interest.
- Diverse collaterals
- Leveraged farming strategies
- Farming and staking rewards are auto-compounded
- Borrowers receive YUSD (can be swapped or re-deposited into Yeti Finance)
Crypto market seems to function on two separate systems, however, it's just a tip of an iceberg, they surely shared a decent amount of similarities on many levels.
- Origin of Traditional Finance
- Basic similarities between Traditional Finance and Crypto Finance
- Problems that Cryptocurrency solves
- Crypto Finance's Pain Point
1/ Origin of traditional finance
Traditional finance has evolved over hundreds of years, originating from the need to exchange goods. At first, people used goods to exchange for goods. Then the greater demand for exchange became, the more diverse the goods grew...