Don't fall for all DeFi hypes

[tinakoya]

Lately, there is a craze regarding DeFi projects. Looking at the solutions being brought into light which is basically to leverage decentralized networks and to transform old financial products into trustless and transparent protocols which is able to run without intermediaries. However, scammers will use this hype to their advantage as well. Do your research carefully before investing in any project, hype or not. Do not fall for just any project which claim to be DeFi projects. We are so excited that we may forget ourselves and just looking forward to the profit if the value of the token increases. Let's not let our guards down as we are not in normal times. God bless!

[MrSpasybo]

We all know that when a trend comes in, the scammers will immediately find a way to abuse the trend to take over the assets of the participants. IPOs, ICOs, STOs, IEOs and now DeFi are no exception.
As far as I can see, people participating in DeFi are now primarily receiving profits from lending on platforms, which means they hand over a portion of their assets to an unknown audience. In the worst case scenario, if the project is a scam, there will be countless virtual accounts created, operating on unintelligent contracts to recceive money from lenders.
DeFi is also part of the crypto world, caution is essential!

[TomPluz]

Whenever something is getting into huge popularity, we should expect that scams and failures will be following suit. Soon there can be projects riding on the DeFi popularity that will be victimizing eager investors, it can just be the same thing with 2017 when ICOS made the rage. So we have to be careful.

[masudginanjar]

DeFie hypes is now very trending in the world of cryptocurrency but the fact is that there must be a downside.

For example, from the negative side, this DeFi is also financially not centralized, so when a member loses money, he cannot get a guarantee for the replacement of losing money.
A system like this already existed when Bitcoin was created and I think in my opinion DeFi is just ordinary.

[Jaephoenix]

Lately, there is a craze regarding DeFi projects. Looking at the solutions being brought into light which is basically to leverage decentralized networks and to transform old financial products into trustless and transparent protocols which is able to run without intermediaries. However, scammers will use this hype to their advantage as well. Do your research carefully before investing in any project, hype or not. Do not fall for just any project which claim to be DeFi projects. We are so excited that we may forget ourselves and just looking forward to the profit if the value of the token increases. Let's not let our guards down as we are not in normal times. God bless!

I have said this before and I would say it again, don't fall for everything that glitters. Especially in the cryptosphere. I said earlier that some DeFi projects are plain scams. You would soon start seeing exit scams on DeFis

[Lorix]

The cause of DeFI will be the development of many coins. However, due to DeFI, many coins have been able to develop. Scammers call various projects blockchain platforms. Agree with you that DeFI project will continue to be scammed. So investors need to be aware. You need to know if any project is actually a DeFI project. Since scammers resort to different methods. Therefore, it is necessary to know the opinion of research and experts on the project by adopting awareness. Scammers can also cheat with DeFI, I agree with you.

[Jaguar]

Very possible to used DeFi hypes by scammers where people now focus on DeFi revolution in crypto place. It will be unnotice once we down our guard not to get involve with scam project. Let us make room always to remind ourselves be careful of what we participated.

[Noverteno]

Very possible to used DeFi hypes by scammers where people now focus on DeFi revolution in crypto place. It will be unnotice once we down our guard not to get involve with scam project. Let us make room always to remind ourselves be careful of what we participated.

There was a lot of hype around the YFI token, as a result of which its price rose over $ 43,000. Even with such a high price, many people were agating to buy this token, as it is very valuable and will soon rise to one hundred thousand dollars. After that, its price recently dropped to $ 14,000, and now stands at $ 17,788. How do those who bought the YFI token for about forty thousand dollars feel?

[@chison]

Clearly, all the hype of Defi is dying down. Tokens on the defi concept are losing their value so much Some of them are down as much as 70%. The new projects trend is NFT

[Quart]

This is what I always ensure to myself that I must not fall into the hype. And now, DeFi is like a bubble hype when it may end soon. However, in some cases, the concept of DeFi is actually interesting moreover about some coins of DeFi that are very popular, like the family of YF.

[tervel]

There are too many DeFi projects that scream “bubble,” but for us, general users, it’s really hard to crack down on such frauds. So, serious sums of money could be lost.

[hair]

There are DeFi projects have recently become scams, it is indeed very difficult to avoid whether the project is real or not. hype does affect people not to be left behind, but it can be trapped

[Blaze]

There are DeFi projects have recently become scams, it is indeed very difficult to avoid whether the project is real or not. hype does affect people not to be left behind, but it can be trapped

I hope what you say is not true because if a good project like this ends up being a scam it will make the cryptocurrency name worse and not trusted by people anymore.

[trauchot]

Scammers understand that now there is a huge hype around defi sphere and that is why so many cryptocurrency companies in defi sphere are now being created and many of these companies are created in order to deceive people for money, so we always need to be careful before investing in any project.

[LogiC]

Very possible to used DeFi hypes by scammers where people now focus on DeFi revolution in crypto place. It will be unnotice once we down our guard not to get involve with scam project. Let us make room always to remind ourselves be careful of what we participated.

It is being used already. There are countless projects already exited and scam investors. Avoiding such projects that are very suspicious is one 2ay to avoid such scam. But of course we cant really seen these until they pulled it off. I dont know but there are soo many projects pulling of a rug and these people invested are the one affected by these fuck up.