Post by
greendaze on Mar 25, 2021 11:18am
A dividend maybe ?
DeFi is short for “decentralized finance” and new applications are focused on disrupting financial intermediaries. DeFi reached new heights over the past 12 months as dozens of projects launched and large amounts of capital flowed in. The majority of DeFi apps use Ethereum’s ERC token standard to create new coins. DeFi has pushed Ethereum prices to new highs this year and it is accelerating innovation and experimentation. It is estimated that more than $1 trillion in transaction passed through the Ethereum ecosystem in 2020, putting it roughly on par with payments giant, Paypal. This mega trend in DeFi is a big tailwind for Ethereum demand and we believe we are in early innings. Bitcoin was up 300% in 2020 while Ethereum surged 470% due to the demand from DeFi app’s like Stablecoins to Decentralized Exchanges known as DEX’s. HIVE is the only public crypto mining company mining Ethereum and we wish to invest in the DeFi sector and will consider distributing our shares as a dividend to HIVE Shareholders over the next year.