Another day, another Elon Musk-shaped Twitter-based crypto enigma – the Tesla chief and Twitter trickster-in-chief has sent the crypto community into a twist with to a tweet about decentralized finance (DeFi).
Without explaining whether he was being serious or just trolling his followers, Musk tweeted simply:
Musk’s serious or otherwise tweets have previously seen him delve into the world of bitcoin (BTC), dogecoin (DOGE) and even non-fungible tokens (NFTs). But the DeFi-related post appears to indicate that his playfulness – or crypto keenness – knows no bounds.
Twitter users immediately began theorizing as they waited for further clues from the Tesla supremo, who recently announced that Tesla would begin accepting BTC payments for Tesla products in the USA, with more regions to follow.
“Can you have DeFi on Tesla? For example, you can drive and earn Tesla tokens. The more you drive the more you earn!”
The Three Arrows Capital CEO Zhu Su called Musk “sensei,” and quipped that the community would become his “deFiant pupils.”
More puns were punched out by the blockchain advisor Anndy Lian, who advised that people should “defy current financial norms to embrace the new DeFi economy.”
Others took a more skeptical view of the matter, with the podcaster Luke Martin musing,
“How long until Elon Musk starts pumping his favorite DeFi coins like he did DOGE?”
But others still expressed excitement and all-around joy at a potential hint that Musk might actually branch out into the fast-moving world of DeFi, with a few daring to dream of a world of yield farming – powered by Telsa vehicles.
“In retrospect, it will be inevitable.”
But perhaps the real truth of the matter is that Musk just felt the need to indulge in a little wordplay.
In a tweet from around the same time as his DeFi post, Musk wrote,
“If there’s ever a scandal about me, *please* call it Elongate.”
Meanwhile, the top 10 DeFi coins are down by around 4%-5% in the past hour (12:36 PM UTC) and 10%-18% in a day.
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Anndy Lian is an early blockchain adopter and experienced serial blockchain entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030” and currently the Advisory Board Member of Hyundai DAC Technology. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. He also played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.
You can read more about Anndy’s work at www.anndy.com