The Safest DeFi Environment in Crypto
Internet Computer Protocol is the future of DeFi, and that's because it has the safest DeFi environment. For example, if you look at the OISY wallet at oisy.com, you can store your Bitcoin, your Ethereum, your ICP, your BNB, Polygon, Solana, USDC, and USDT all directly with the ICP blockchain without having to use bridges, because this technology is able to interact directly with the other blockchains without having to use a third party. That means your wallet and your interactions with the blockchain are all in the exact same trusted interface. They've just recently introduced the ability to even borrow, right in your wallet. You can now start swapping, borrowing, and earning all in one single interface.
Why the Rest of DeFi Is So Dangerous
What most of crypto doesn't realize is how dangerous DeFi is, and especially with AI trading and more AI hacking, you're going to keep seeing how dangerous the rest of DeFi is. For example, if you're on Ethereum DeFi and you're trying to use MetaMask to do something, there are so many points of failure in that scenario. The more AI hacking gets out to all the people who want to do it, the more every single thing in DeFi that's not built fully on ICP is at risk of collapse, because the infrastructure itself is so insecure.
What almost nobody in DeFi realizes is that when you're installing a MetaMask wallet or any other browser wallet — Coinbase Wallet, any of these other wallets — you're introducing a third party that now sits between you and the blockchain. Then when you're interacting through a website, you now have another third party between you and the blockchain. God forbid there's more going on than that. Sometimes, if you added everything up, you could have five or ten third parties between you and clicking on some DeFi action like liquid staking in Ethereum, signing a transaction in MetaMask, or swapping tokens. You could literally be interacting with two to ten-plus third parties. If any one of those third parties gets compromised, you could lose absolutely everything.
For example, we've had billions and billions of dollars in crypto lost and stolen because, say, you have your MetaMask wallet and your browser gets compromised, and by just clicking on one wrong link, all of a sudden you click what looks like a normal transaction and then you lose everything. I had someone schedule a one-on-one call with me, and she was talking to me about her MetaMask and the Ethereum she lost. I'm like, you're on ICP — why are you screwing around with MetaMask and then losing Ethereum? I hate to be the one to bring you this news, but in my view you are just asking to lose money. You are putting yourself in a position to get hacked, to get phished, to get stolen from. You are basically walking around in a bad neighborhood with a bunch of cash out saying, hey guys, what do I do with this? When you're using all these DeFi programs — and I'm talking about the DeFi protocols across the rest of crypto — you are operating in a very dangerous environment. If you haven't lost everything messing with these DeFi protocols and launching meme coins and trading, you should count yourself very lucky, because with most of the big hacks, there has been no warning. You don't realize that the bridge you're using is about to get hacked for hundreds of millions of dollars, and then the price of the tokens goes to zero because of that. But you should realize how unsafe it is when you're using all this stuff on these other chains.
Liquidium and Non-Custodial DeFi on ICP
That's why, especially among developers who want to build for the future — the ones who are not just building to make a dollar today and don't care about tomorrow — you're going to see more and more protocols like Liquidium come over to ICP. If you read the documentation on Liquidium, you can see on their official website that this is amazing functionality, and they've not paid me to say anything like this — which probably I should have had them pay me — but I am just excited about this technology for ICP. Here's the thing: Liquidium is designed with security as the top priority. All their loans are over-collateralized, and the protocol is non-custodial. This is what almost nothing else in crypto has. Almost everything else in crypto is custodial, where a small group of people have all the keys — and how many times do we need to see that small group of people lose the keys or get them stolen before it's obvious you don't maintain control of your assets? Here, you maintain control of your assets.
Yes, there are risks. But the difference with ICP is that you can build everything on one single blockchain without all the third parties, and I would estimate that reduces the risk by 90-plus percent. You could still have the coin price go down rapidly and lose a loan, for example, or if your roommate comes onto your computer, they could still get into your wallet if you left it wide open for them — so it doesn't stop everything. But building on ICP proactively prevents the vast majority of all the exploits and problems that every single other DeFi platform is subject to. And now DFINITY is building their own version of Hyperliquid on ICP, and that will be able to be truly decentralized, depending on how they set it up, and so much safer and so much more transparent.
Now, if people continue to not care about getting robbed online by all these hackers and protocols — and I wonder how many DeFi protocols are actually going to keep getting hit by insiders who are not happy with the profits, tired of working on the project, and know exactly how to exploit the protocol, so they just take it down whenever they feel like it with a quote-unquote hack. I imagine that happens a good amount of the time. And as long as crypto is so speculative, all these coins and protocols are at risk of collapsing as soon as people remove their ignorance and realize there's almost nothing of value going on there. In that case, whether the coin itself gets rug pulled, the protocol itself gets hacked, or an insider steals from it in what looks like a hack, you are in an extremely dangerous position on all these other cryptos. I just shake my head hearing from people who already know about ICP and are still throwing money around on all this other stuff. I'm like, why don't you just give me that money if you're just going to piss it away? You could at least have a nice call with me and have a good conversation. If you just want to throw your money away, you could at least throw it away in a productive way — talking about building a website on ICP, creating something, getting your crypto locked up.
Doing Nothing Has Been My Best Strategy
In my experience, you should stop screwing around with all this crap in crypto, and ideally you want to do the minimum with crypto possible — which is what I do today. I don't go around trading and swapping all this crap and all these meme coins. Most days in crypto, I do nothing, because doing nothing in crypto has proven to me to be the best strategy. Once you do your research, you literally just sit there and let it come to you.
And finally, if you really want the absolute best DeFi in crypto, I mean ICP. Right now all these people are risking so much money in Ethereum liquid staking, and they're getting much less in a much riskier environment than what you could get by just parking your ICP on the Network Nervous System. If you haven't done that yet, that's where a one-on-one call is great — I can literally help you take it off of Coinbase, put it on the NNS, stake it, and talk through staking strategies. I do that all the time with people. You can be getting around 6 to 7 percent APR just letting it sit there, and that's if you lock for two years. Even if you just want to lock for two weeks — I've got a couple thousand ICP locked for two weeks — it's sitting there earning free maturity. I don't have to do anything; it just sits there and collects. This is close to Ethereum liquid staking APRs, and meanwhile they're taking gigantic risks over there while the rewards are about the same. On ICP, in my experience, you take close to zero risk. Now, it's not absolutely zero — this isn't financial advice, and anything can happen — but the DeFi setup is so utterly safe on ICP.
While a lot of people in crypto are less risk-averse — and, frankly, more insane than the general population when it comes to money — the bigger world, the masses, care a lot about safety with their money, and I believe ICP is in the only position right now to attract people who are safety-conscious with their money. Most people in crypto have no concept of safety; they're just living dangerously and throwing their money away. But the masses care a lot about safety, and the only way you're going to be able to deliver safety is to have everything fully on the blockchain, which only ICP can do.
One Hundred Questions, Zero Maybes
If you want to see much more of that in action, you can go to cryptotechcap.com and start learning about the actual capabilities of these blockchains. I set this up as a website because I'm tired of seeing all these stupid rankings based on market cap. It's just zombie thinking — duh, market cap, duh, price. If you want to get ahead in life, you need to learn to think more effectively than other people, and you need to think more effectively than you used to think. So I set up these one hundred questions — zero or one, no maybes: can your blockchain do a hundred different things? ICP can do 97 of them, and these are very important things for a blockchain to be able to do. This is why ICP is the safest option in DeFi — because it can do a hundred different things, and it can do all of this directly on the chain. I did a video about this on my crypto views channel. Polkadot and Kusama scored the next best, but look at all the no answers even on them. Then you get down further: Ethereum answered yes to 22 out of a hundred questions. That's 78 things the Ethereum blockchain can't do. ICP can do almost everything Ethereum can, if not everything — I didn't check the exact details to see if the three questions ICP said no to were ones Ethereum probably also said no to. But then ICP has all those other capabilities: seventy-some things ICP can do that Ethereum can't do, that Solana can't do, that Aptos can't do, that Cosmos can't do, that NEAR Protocol can't do. These are technical facts, and on this capability score, DFINITY keeps adding new stuff, while most of the rest of these chains can't practically add hardly any of the things Internet Computer does.
So this is the future of DeFi: a blockchain that can do everything, including full-stack web applications. I'm so excited — right now I'm just building one website after another on ICP. I've got a website I'm going to show you soon where I built my own game, and I built my own content hosting platform. I've got to test it out first, but this is the safest DeFi in the world on ICP, and that's going to matter.
If you've enjoyed this and you want to get your act together in crypto — stop wasting your money, stop wasting your time — talk to me. Let's talk about consolidating your life, talk about your habits, talk about what you're doing, and talk about ICP and how you can set everything up in your life so that crypto is actually adding value to your life instead of draining you, wasting your time, and stressing you out.
Based on the technology, and based on the market cap of Bitcoin, I think ICP deserves to be a thousand times higher in market cap than it is today. ICP should be a thousand times higher based on what this tech can do for the world, and we shall see how that plays out in the future. For much more on all of this, check out my ICP Crypto playlist.