Some views on DeFi investment: 1. Buy the leader 2. Buy the innovative DeFi applications. There are many homogeneous projects in DeFi applications, such as swap, lending, and on-chain perpetual contract transactions. It is difficult to shake the leading position, but the second and third It will be changed frequently. If you invest in the second, third or even sixth investment, you need to keep an eye on market share, TVL, transaction volume and other data, otherwise you will face greater risks. If you invest in an innovative DeFi project, you need to pay attention to whether the community governance is active and whether it is developing multiple chains. If the public chain it is on is not on Ethereum, you need to face the risk of losing users of the public chain and being imitated by other chains. products to seize the market. DeFi investment risks are relatively high. Even if short-term data growth is strong, it may be achieved through token incentives. For example, leading players such as Uniswap, Lido, MakerDAO, AAVE, and DYDX already have stable user bases and profit models. Investment The risk appetite of such leading DeFi companies is relatively stable, and of course their valuations will be higher. #uniswap #lido #makerdao #aave #dydx