Dynamo DeFi Pro - 06/28/24

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  3. Current DeFi strategies that I’m using

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💡Dynamo’s Thoughts

A New Crypto Blue Chip Emerges

In tradfi, “blue chip stocks” are large, well-established companies that have dependable earnings and a history of profitability during good times and bad times. Given this definition, the concept of a “blue chip” might not make a lot of sense in crypto, which is one of the most volatile, fastest-changing industries in the world.

I still find the “blue chip” framework to be helpful in crypto: it classifies coins and tokens that have escaped the altcoin rat race and established themselves as assets likely to be viable investments across multiple cycles.

Unfortunately, most of the tradfi criteria for a blue-chip don’t apply to decentralized protocols. Here’s what I would look for in a crypto blue chip:

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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