Connect with us


Making Money in the DeFi Niche: A Review of Wolfystreetbets

The blockchain space is a whole new world of possibilities as impossible is nothing here. And with DeFi (Decentralized Finance) becoming a thing, it doesn’t get truer. The world has in recent times continuously sought a break away from the traditional means of doing things. In the finance realm, it is DeFi that has come to change the game obviously for good.

But then, the first thing anyone can observe in this new normal is that the bottlenecks and bureaucracies of the traditional financial institutions are totally eliminated here. And all it takes to participate in this new normal is your phone, an internet connection and of course the DeFi technology.

It would seem that it can’t get any easier than this but it actually does. Multiple projects launch every day; usually with one mission: to improve this space. And some are pretty interesting. For instance, Wolfystreetbets has made it possible for punters to take advantage of the crypto vs stock prediction markets. Think of this as a DeFi vs CeFi market environment. 

How does the Wolfy Ecosystem Disrupt the Industry?

Wolfy is a “barrierless prediction market” that is built on the hallmark of DeFi to explore the world of staking and betting. What this means is that the Wolfy project is 100% decentralized hence ensures a seamless and frictionless transaction among participants in the ecosystem.

It would seem that for longevity sake, the team did adopt a system of rewards for users who stake multi-crypto assets on the platform. And although the system is currently built on the ethereum mainnet, Wolfy plans to transition into a multi-chain ecosystem in the future to further decrease any barrier to participation.

From what we read about them, the Wolfy project is hinged on some interesting pillars three of which are: true decentralization, community governance and real rewards. And then, as can be expected of most crypto projects, they have a token; the WOLFY token. 

It is a deflationary token. For newbies in this space, it means that with each successive transaction comes scarcity and increased demand. But then, it is touted that holders will earn rewards directly to their wallets for each successful transaction on the platform. This holds potential as it obviously opens up an avenue for passive income to users by merely having a WOLFY token in their wallet. 

What to Expect

I like to think of every blockchain project as innovative; at least at the minimal level. The blockchain itself is an interesting drift away from the usual hence projects built around it tend to have this default aura of innovation around it. That said, it makes common sense to expect some projects to outperform others or at least hold more potential. 

With Wolfy, we can’t help but feel they have a solid chance at succeeding in this space. The most obvious reason for this conviction is this: they have brilliantly experimented with the DeFi vs CeFi (Centralized finance) ecosystems in the finance markets. Now add reward systems and zero gas fees to this arrangement, and you will see why they stand a good chance to go strong for as long as they want. 

Another good advantage they can capitalize on right now is the fact that crypto enthusiasts and participants in the blockchain space are generally very willing to adopt disruptive innovations. 

In the end, there will be fierce competition in this space. Infact, there already is some competition. However, it is the users that decide which project gets their loyalty. As things stand, the Wolfy team is in users’ good books, and seem to be committed to constant improvement. It will be nice to see them keep up with this velocity. But no matter how things play out, we will be here to report the developments and keep you informed. Stay with us! 

Stanley Gatero is a writer at Disrupt Magazine. He covers topics concerning technology, entrepreneurship, news, and sports. He is an avid traveler.

Advertisement defi

Join Disrupt Magazine

Become A Disrupt Contributor

Most Disruptive

tezos and NFT tezos and NFT
NFT3 weeks ago

Beginners guide to NFTs: What are non-fungible tokens?

You have probably heard the word NFT hundreds of times so far. At first glance, you thought it only had...

Sports + Gaming2 months ago

What Motorcycles Are Good For Long Trips?

Motorcycles are all about freedom. But the question is: how often do we really go out there and enjoy the...

Executive Voice2 months ago

3 Ways Maternal Instincts Give Women In Leadership An Advantage

As the landscape of gender roles continues to be redefined, these 3 experts agree that their maternal instincts provide an...

Executive Voice3 months ago

The Queen of Title: How Powerplayer Rachel Luna is Disrupting the Title Industry Through a Modern Approach

Rachel Luna has made quite the name for herself within Texas’s title real estate business as the Title Queen and...

Executive Voice3 months ago

Nancy Almodovar: The Latina CEO Who is Disrupting the Status Quo of the Luxury Real Estate Market

It comes as no surprise that Nancy Almodovar, the CEO and founder of Nan and Company Properties, is one of...

Business3 months ago

How To Nurture Talent Within Your Business

Your business can only succeed with talented workers on the payroll. Luck and even strong economic conditions will only get...

NFT3 months ago

Solana’s value plummets below $98 due to a Wormhole Exploit

Many people thought blockchain technology was robust, secure, and virtually “unhackable.” However, the crypto world has faced several hacking incidents...

NFT4 months ago

Polly Kole, The Beauty With Gifted Hands Tycoon Of NFT Sculptures

In a society full of stereotypes, people clinging to appearance and disregarding one’s achievements is the magnificent Polly Kole stunning...

gold and black round emblem gold and black round emblem
Cryptocurrency5 months ago

Bitcoin’s Volatility Explained

Since cryptocurrency was introduced in 2009, it has become a very controversial subject for both critics and supporters. One of...

News5 months ago

Spider Man; No Way Home’, Crushes Box Office Estimates Generating A Mammoth $253 Million In North America.

After only 3 days in the cinemas, the latest and last Spidey outing disrupted the international market as the highest-grossing...


Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.