3 DeFi ALTCOINs Primed for BULL BREAKOUT💥🚀 - YouTube

Eggg yolk, what is cracking with the army in the Chico barracks, but if you're new around

these parts, you’re just a viewer of the tube.

My name is Tyler, and welcome to the crypto channel that won't trick you when it’s time

to serve you up some content, unlike this cat owner.

Don’t you be sad, cuz it’s time for Chico Crypto!

DeFi, decentralized finance.

The buzzword of the bull run.

Crypto tokens which cater to this blossoming sector are the ones pulling a majority of

the crypto gains.

I’ve seen it, I’m sure you’ve seen it.

But just like I called DeFi popping of the next bull run long before it happened, I would

like to make a prediction of the sectors which will secure the next wave of the gains, and

continue the DeFi run, as each sector pushes decentralized finance into it’s next more

evolved form, which means its usable by millions of people & integrates with the non-blockchain

world.

So to begin, let’s just get it out there.

The two sector, I believe are going to secure eyes of people far & wide...include scaling

solutions, layer 2 & NFTs, non fungible tokens.

If you watched my video on Friday, I went over the reddit scaling bake off, which included

many of the scaling coins and solutions.

My prediction pick for the winner?

It’s xdai and their stablechain.

And that leads me right into something.

Like I said, this is what evolves defi into it’s next more advanced form.

Scaling DeFi, and thus Ethereum is the biggest issue I see in the markets.

And some projects know this, and are already building on a scaling solution...with some

ready to launch.

One I’m getting excited for is Powerpool...as they are building the layer2, fast and scalable

DeFi pooling governance protocol.

Their token, the powerpool CVP token, is a meta DeFi governance token, which means it

pools and integrates the power and varying governance mechanics of various protocols

into one ecosystem.

Like Compound, Maker, Synthetic, Aave, Compound, Akropolis, YFi & Balancer.

The CVP tokens most essential function is to define how to use the utility functions

and voting powers of the tokens, accumulated in the PowerPools.

You can almost think of it, as the compound of governance tokens...as if you go to their

alpha, which is in test mode right now, it’s a place to borrow, lend, and thus pool your

governance tokens….but as you can see, by default it takes us to a certain blockchain….xdai

Now, if we click into the other networks they are building with...we can see it’s two...of

course Ethereum, but also Matic, the number 2 runner up I had for the scaling competition.

Now, if we go back in time, the power pool team had an AMA just 2 weeks ago, August 17th.

They were asked “Why not choose an xDai or any other network?”

They responded “That’s a good question.

Matic is the perfect network for the start: very similar to Ethereum, its capitalization

is 5–7 times bigger than xDai, good amount of support from their side.

PowerPool is a community-driven project, if our community votes to migrate to any other

sidechain in future, it wouldn’t be a problem”

So, they were going fully with Matic back then, as just 3 days before this August 14th,

a partnership announcement was made...well August 26th, just 6 days ago they put out

an article explaining the future of powerpool, and the longterm vision...in it they said

this “Our vision for tech implementation of the protocol serving as a Meta-governance

level for the ecosystem is the following: the protocol will operate on a set of networks

(Ethereum mainnet, xDAI, Matic, Binance Chain) offering services for the different target

groups of customers.

For example, Matic and xDAI were chosen to solve the gas problem for the minority token

holders which are one of our target groups of users”

So, xdai is now in the mix, when just 2.5 weeks ago it wasn’t, and was only Matic

they were using.

And lower in the article they said this about the beta test round “In the coming days,

we will launch the Beta round of the testnet.

During the Beta round, all basic protocol functions will be tested by 100 selected participants

in the xDAI chain”

Alpha to Beta, it’s being tested with xDai...which is further reinforced from their Beta testing

article, it says “The task for Beta testers will be to examine our protocol that’s been

launched on top of the xDAI second-layer network, using real ERC20 tokens from the Ethereum

mainnet which includes testing of the mediator smart contracts, their parameters and UI/UX

for transferring tokens between the Ethereum mainnet and xDAI network.

And then just last friday, the powerpool twitter retweeted this “xDAI working its magic with

@powerpoolcvp”...which was someone retweeting their tweet.

What was powerpools tweet.

It was about the performance of the test on xdai.

Powerpool said “Crazy gas costs?

Never heard of that #PowerPool Layer 2 DeFi.

50 testers saved about $2,500.

How much will 100k users save?

And they ended it with “Two steps away from the mainnet”

So CVP, the token of powerpool is layer 2 DeFi, and that layer being fully tested, and

prepared for the mainnet, is the xdai stablechain.

And projects far and wide, are looking to xdai for help and that actually leads me into

the next Sector...NFTs.

Now the gaming sector, is where you 1st think of NFTs right?

Gaming collectibles, wearables, Skins & more?

Well one of the leaders, in the virtual space Cryptovoxels, tweeted this, on August 22nd.

Hey fam, our wearables are trapped on the mainnet due to extreme gas situation.

Please send help.

Can someone magic us up a XDAI gateway where we can send lots of wearables (eg 30 issues

of wearable #123) to the XDAI network with one Eth txn?

Nice to see that, in the gaming and virtual land sector, but NFTs are not going to be

limited to items in the digital world, they will become digital representations of physical

items too.

Now, I need you guys to realize something.

Just like when I called DeFi being the next bubbling, buzzword which will surge markets

next...it took about a year for the markets to catch on & for it to happen.

I don’t see it taking as long with NFTs, but we are still some time out.

I brought up a project, who is on the forefront of this, in a scalable form, with full Ethereum

compatibility.

That is Lukso, from Fabian Vogesteller, the creator of the erc20 token standard….his

project is attempting to bridge the gap of NFTs and physical items, with a custom scalable

blockchain & robust application layer, which allows funding of creator projects, tracing

of creators items, management of those items, ownership of both physical and digital items,

and thus collecting apps, participating app, share apps, trade apps & co creation

Now, we are focusing on the bridge of physical items into the NFT world...and diving into

Lukso’s whitepaper, they call this phygital ownership.

From the whitepaper “We achieve unique authentication through passive NFC chips that are implanted

or sewn into products.

And these are built out in the wild as we speak.

And actually being implemented...so, at Berlin Fashion week, Lukso showed off one of the

first t-shirts, with the entire batch of technology baked in and then some.

Berlin Fashion week covered it with an article titled “LUKSO BRINGS "PHYGITAL" T-SHIRTS

TO BERLIN FASHION WEEK”

The article states “REDEFINITION THANKS TO BLOCKCHAIN” The Øko Nomi T-shirt collection,

limited to 50 items, is also absolutely forgery-proof thanks to block­chain.

This is made possible by RFID chips based on cryptographic processes with which they

can be authenticated”

So, Berlin Fashion week covering it is a good sign, but seeing it put on in the wild, by

multiple models being introduced to blockchain for the 1st time, is an even better sign.

Now you notice how the shirt is glowing and all that?

Well that is because the shirts also implement AR, where different designs are seen when

looking through a phone's camera.

Now, the thing I would like to point out, is Lukso’s blockchain explorer...for their

L14 testnet, does it look similar to someone elses...xdais?

That is because it’s from blockscout, AKA xdai and the POA team.

Now if we go to the LUKSO, FAQ, on their consensus algorithm, they say this “LUKSO is planned

to use a HoneyBadger Byzantine Fault Tolerant (HBBFT) consensus algorithm with a delegated

Proof of Stake consensus running in smart contracts (PosDAO).

Now is that similar to someone?

Well xdai, created the posDAO algorithm, the whitepaper written by the team is on the xdai

gitbook & it says “xDai will transition to public POSDAO in the coming months, where

community members can become validator candidates as well as delegate STAKE to candidates and

validators.

Hmmmm….what about HoneyBadger BFT?

Well xdai is working on that too, as we can see it’s also listed on their gitbook, and

they say “The xDai team is currently working on a working implementation of HoneyBadger

BFT consensus.

This may be implemented on the xDai chain (determined through the governance process)

and explored in Phase 3 of the POSDAO staking roadmap”

So obviously, the two are connected on a level that does deeper than what you see on the

surface.

Which if you go to their roadmap, the last thing they have listed is phase 3 of posDAO

with a target date launch of q2 2021... and as we can see they say this “A chain created

specifically to leverage POSDAO, HoneyBadger BFT and Multi-Collateral DAI.

This network will be designed from the ground up with our collaborative partners LUKSO and

ARTIS to leverage STAKE tokens and HBBFT consensus.

So, leverage Stake tokens, Lukso & artis?

What does this mean?

Well it goes back to xdai’s feature, of multichain staking which means xdai’s STAKE

token can be used to secure and earn rewards for ANY side-chain under POSDAO & It can also

be staked on other blockchains like Lukso...but it can also, right now be staked on Ethereum.

Igor of the team said this back in June of this year “you are right, staking tokens

is intended to be used on sidechains with posDAO for horizontal scalability, but practically

it can be staked on networks with other consensuses too.

Example, a work in progress for staking on Ethereum.

And that WIP, is complete.

You can Stake your Stake right now on Ethereum, it’s called easy staking...it built & on

the mainnet.

All you have to do is connect to the staking application, have some xdai stake and ethereum

in your wallet for fees, and your good to go.

Once connected, to stake just enter the amount you wan’t to commit, we will be doing 100.

Click deposit….wait for the transaction, to confirm.

Once confirmed, you will see your stake on the dashboard, and can dive into the details

of it, including real updates of your rewards accrued, and you have the option for free

scheduled withdrawals, or instant withdrawal form staking with fee.

So, whaddaya gonna go?

Well just like Ferris Buellers Day, off...Stake it up baby now, stake it up baby….cheers

viewers I’ll see you next time!