Hello Black Cows,

Today, let's look at the comparison among the recent three non-Ethereum Defi,
TRX-SUN
ONT-WING
NEO-Flamingo.

SUN/WING/Flamingo

The comparison will be in three categories,

1. TVL/Market Cap
2. Product/Service
3. Governance

This is my subjective opinion,
and it's an expectation before $FLM is listed.

1. TVL/Market Cap

Defi Market Cap/TVL(Total Value Locked)

Defi Distribution Comparison

In the first table,
$YFI Cap/TVL was 25% in mid Aug,
$UNI was 4% on 9/19 and has risen more than 4 times.

It's possible that $SUN/$WING/$FLM market cap and TVL can also rise more
if they build up the road-map and proceed marketing well.

Flamingo needs to be updated after Mint-Rush finishes on 9/30.

2. Product/Service

SUN/WING/Flamingo Product/Service Comparison

Each Defi is launching products/services one by one.

It's hard to compare them one by one but WING is going one step faster
by launching Lending/Borrowing/Insurance features.

However, SUN has more opportunity comparing to the others
since it has more TRC-20 tokens which could be added to pools.
Moreover, SUN also has some opportunity for collaboration with
other Defi services/tokens which are already running on TRX chain.

3. Governance

SUN/WING/Flamingo Governance Comparison

SUN is not yet Defi... but that also can be a pro point
since Justin has way better influential power than Da Hongfei or ONT's leader.

WING proceeded 3 votes but the only 105 WING participated among 256K WING.

In terms of governance, Flamingo is also provoked as Cefi(Centralized Finance)
due to NEO's structure.
It only has 7 nodes and people judge that it's not difference from centralized network.

All 3 projects has some flaw yet in terms of governance.

4. Etc

All three projects stated to replace high gas fee of Eth for Defi,
so that all three are trying to absorb assets of Eth tokens.

It will be interesting to see which projects will go ahead over the others.

I'm personally participating in SUN by farming at TRX-SUN pool.

Additional Opinion

$UNI has an expectation to follow the increase curve of $YFI,
and $YFI has one that Yearn's business model will bring more profit.

And there's a rumor that Uniswap will distribute its profit to $UNI holders
when UniSwap v3 launches.

루머는 루머일뿐...

There are also an expectation that XRP/ADA/QTUM will proceed Defi projects too.

However, the total capital in the cryptocurrency market is limited,
so if a certain coin/project rises, the others will fall.

Regardless of that, if BTC ills, Alts sicks seriously.

To the SUN!

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