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Differences in PoS Defi(Tezos) vs. PoW Defi credit-textrapper

Differences in PoS Defi(Tezos) vs. PoW Defi credit-textrapper



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3 Comments

  1. This is a good summary:

    Tezos POS DeFi = money borrowed from Kolibri + baking rewards on collateral locked at Kolibri + LP fees on Quipu + baking rewards on Quipu. All done with almost no transaction and smartcontract fees.

    ETH POW DeFi = money borrowed from Makerdao + 0 POW rewards + LP fees on Uniswap + 0 POW rewards. All done with big transaction and smartcontract fees.

  2. tldr; Tezos has just introduced a new type of defi, POS defi. Unlike POW defi that runs on Ethereum, Tezos defi relies on its native currency TEZ as money. Tezos can continue to bake (stake) while in use with the defi applications. The use of ETH and TEZ will be heavily dependent on their success within their native platforms.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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