How can you identify the finest project to invest in in the DeFi sector?

Genius Assets
3 min readFeb 11, 2022

Investing in decentralized finance ventures opens up a world of profit possibilities. That is true only when money is donated to worthy and long-term causes. It can be difficult to decide which investments to make, but we have some suggestions and initiatives to consider.

Always Focus On The Fundamentals

Contributing money to DeFi projects, like investing in cryptocurrency, should not be done at random. Even if there’s a chance you’ll generate money, knowing what makes initiatives tick and what gives them worth is crucial. Rather than looking at figures like market cap and token value, it is best to start with the basics.

The first step is to determine whether or not the concept has merit. In decentralized finance, many things have been attempted and tested, with some proving to be more successful than others. Assuming that the concept is realistic, it is critical to examine rivals and their performance. If one player dominates a DeFi area, others will have to demonstrate something compelling in order to pose a significant threat.

Second, knowing who the team is and whether they have a track record can assist you in making smarter judgments. Unfortunately, anonymous teams remain a risk element in DeFi, a world where transparency reigns supreme. Those serious about investing — large or small amounts — must, however, have a track record. If that isn’t the case, it’s advisable to stay away from projects completely.

The third, and arguably most essential, step is to determine whether the project and its token have the potential for growth. In the current scenario, there is an increasing focus on cross-chain support to unlock more liquidity and broaden the user base. Even though Ethereum remains the most powerful ecosystem for smart contracts and DApps, the days of Ethereum-only DeFi are long gone.

Invest in infrastructure and ecosystems

One reasonable choice for DeFi investors is to search for solutions that provide infrastructure or bigger ecosystems rather than high APY or APR. A liquidity pool on a DEX, for example, is fundamentally different from Crypterium, which supports over a dozen crypto assets through its bank-like environment.

Users can learn about yield farming with a high APR, purchase cryptocurrency with simple payment ways, get a free Visa card, and much more.

It’s no easy task to create an all-encompassing cryptocurrency ecosystem. Despite the fact that various users have varied wants, it is critical to cater to both novice and sophisticated customers. Crypterium and other similar projects recognize the necessity for easy onboarding, crypto-asset purchase, and direct usability. All alternatives are available, whether you want to invest in crypto, put assets to work or spend them in the real world via a virtual or physical debit card.

Creating a portfolio or getting the CRPT token are two ways to invest in Crypterium. CRPT tokens are burned once a month, depending on transaction volume. Furthermore, up to 30% of all CRPT tokens will be removed from circulation over the following two years, with over 2.89 million already removed from circulation.

For people who already hold cryptocurrency, Crypterium offers high-yield savings alternatives with up to 15.6 percent APR. These earnings are passively accumulated, and the current rates are far faster than any other solution on the market. There are a lot of ways to generate money in DeFi, and Crypterium brings them all together in one place.

Conclusion

Investing in decentralized finance ventures makes sense for a variety of reasons. Before making any financial commitments, they must first determine their purpose, long-term ambitions, and earnings potential. The more services or utilities a project offers, the more likely it is to prosper in the long run. Furthermore, the idea of investing crypto assets for passive revenue gain should not be overlooked.

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Genius Assets

Genius Assets is the asset investment platform of the future where everyone can easily access different projects, from various categories.