I’m putting together a shortlist of DeFi-oriented projects but it’s hard to put your finger on protocols and chains that are truly decentralized. After reading this article I realized that I was overlooking so many things because I was focused only on protocols while in reality, oracle protocols like Chainlink are essential for DeFi to even exist.
What else am I overlooking and how do you identify the most important parts of DeFi someone could invest in for the long term?
Coingecko Listing: https://www.coingecko.com/en/coins/chainlink
I’m a big fan of Chainlink already but Encore is new to me. If I understand this correctly their DEX will be able to pull liquidity from many different DEXes at once?
I’m actually placing most of my bets on oracles. As you already said, DeFi can’t operate properly without them so I view it as essential tech.