Is DeFi safe?

[Casual]

In fact, I think DeFi is a lot of risk to invest in.  However, it is seen that it is possible to make a lot of profit in a short time by investing here.  So many are investing here despite the risks.

[Casual]

Defi is not safe, and I think you already know that's so risky. There are a lot of lacks and problem of Defi project

This is a good article about it https://cointelegraph.com/explained/key-defi-ecosystem-problems-explained

Yes brother you are absolutely right I totally agree with you.  In fact, investing in a DeFi project is not safe at all. There are many risks involved.  We have recently seen some sceam projects run here.  Because I have a lot more doubts that it is actually very risky.

[Gravatai]

DeFi is now as drawn as ICOs were in 2017, so when choosing a project for investment, you need to study the project, the creators and make sure that there are the results of the audit of the contract. But even after making sure of the reliability of the project, you need to take into account that you can lose all funds.

[Magepai]

DeFi is now as drawn as ICOs were in 2017, so when choosing a project for investment, you need to study the project, the creators and make sure that there are the results of the audit of the contract. But even after making sure of the reliability of the project, you need to take into account that you can lose all funds.

Yes, brother, you are right.  Those who invest heavily need to know the future of investing in coins.  Failure to do so could result in a huge loss.  Of course, investing consciously and with caution is essential.

[H2O]

In fact, I think DeFi is a lot of risk to invest in.  However, it is seen that it is possible to make a lot of profit in a short time by investing here.  So many are investing here despite the risks.

No projects are out of risks. If you become a good investors, traders and holders ,you should have taken a good character of taking risks. No risks,no success.

[Hometown]

In fact, I think DeFi is a lot of risk to invest in.  However, it is seen that it is possible to make a lot of profit in a short time by investing here.  So many are investing here despite the risks.

No projects are out of risks. If you become a good investors, traders and holders ,you should have taken a good character of taking risks. No risks,no success.

You are right but why are you taking risks with a huge amounts of budgets. Before investing any DeFI projects you should read whole platform of projects, white paper, technical paper, roadmap and team management. You can invest when it comes on exchange or ieo arrangements.

[Lorix]

No coins under DeFi though. But much has improved. So I think when human resources are in DeFi. So DeFi is much safer. Because people could not improve without faith and investment.

[Rain075]

I saw this DeFi is a new platform.  At one time its price increased a lot.  But now the price has come down a lot.  I can't say exactly how much it sets for me.

[saprakib]

DeFi platforms may not be at risk of security breach in the same kinds of ways that centralized platforms are–but they certainly aren't completely safe from harm... Please comment.

Defi project based on decentralized. Thats why everything on anonymous. I have seen many scam on defi project. Thats why i can its not much secure the CEFI.   

[MrSpasybo]

It is difficult to give a general answer to all loose DeFi projects, as there are many very good and secure projects like UNI or YFI, but many projects have been hacked and users lost millions of dollars.
Thus: if the project has a strong enough #DevelopmentTeam  and enough testing it will be safe.
On the contrary, if the project is launched in a hasty and untested manner, it poses a risk to the investor.

[H2O]

I saw this DeFi is a new platform.  At one time its price increased a lot.  But now the price has come down a lot.  I can't say exactly how much it sets for me.

DeFI becoming boomed recently but today all cryptocurrencies are undergoing down motion . So be careful about DeFI investment. Some DeFI projects never boomed again.

[Chita76]

Dafi saves a lot so we have to use Dafi. I didn't know about Daffy. After your post I learned a lot about Dafi.  There was a lot of unknown information that I understood from this post. Thank you very much for giving such a post.

[Lenipiw]

DeFi is much safer. Because I have seen that all the projects are there, all the projects have been able to keep their promise. Those who bought tokens at the first private sale of the project have benefited. Because DeFi projects have been able to keep their promise. I think it will create a better position in the future. I support.

[Pluto25]

No coins under DeFi though. But much has improved. So I think when human resources are in DeFi. So DeFi is much safer. Because people could not improve without faith and investment.

Many investors don't know anything about projects and they are investing many projects which have no definite roadmap, community and team management. now most of the DeFI projects becoming boomed and scams combination.

[Riya143]

There is no risk of security breach on DeFi platforms. Because all the users in the market now are busy praising DeFi. Lots of users have invested in DeFi space. So the level of investment is increasing day by day as it feels safe. I think it will be more popular and secure in the future.