Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on September 12, 2020, 09:19:10 AM

Title: Is DeFi safe?
Post by: EAA-ALLAH on September 12, 2020, 09:19:10 AM
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.
Title: Re: Is DeFi safe?
Post by: Nostoman on September 12, 2020, 12:34:59 PM
Since defi is new. So I don't know much about Defi security. However, in all the news that I have seen, the highest is said to be about defi protection. Defi protection is much better. So now there is nothing new to say about defi. The defi platform is now much advanced. There is no doubt about it one step ahead.
Title: Re: Is DeFi safe?
Post by: Btceth01 on September 16, 2020, 08:30:51 AM
Now a days DeFi is only the best platform to invest. So i think obviously DeFi investment is safe and secure.
Title: Re: Is DeFi safe?
Post by: hair on September 17, 2020, 04:01:55 AM
Well. I don't know whether DeFI is safe or not. But currently DeFi is booming and famous. I think DeFi will do just fine and is a promising investment
Title: Re: Is DeFi safe?
Post by: Msweet on September 17, 2020, 08:28:32 AM
DeFi is Decentralized Finance (DeFi) which allows decentralized networks to convert old financial products operated without intermediaries into trusted and transparent protocols.
Title: Re: Is DeFi safe?
Post by: vaysar on September 26, 2020, 09:21:46 AM
DeFi itself is safe, but there are a lot of scammers around these projects, there are a lot of fake airdrops on Telegram that offer you DeFi tokens for simple actions, for example, fill out a Google Form with the Eth address and Telegram name, after filling out you are asked to send a little Eth to create a liquidity pool on DEX most often they do not have a token contract address. If you are asked to submit to Eth, they are scammers, do not believe them.
Title: Re: Is DeFi safe?
Post by: Hometown on October 04, 2020, 01:22:09 PM
No investment is safe in cryptocurrencies market because I don't recognise Binance and kucoin also hacked and a huge amount of money, assets and liquidity stollen by hackers. So DeFi also risks and dangerous but profitable also.
Title: Re: Is DeFi safe?
Post by: EAA-ALLAH on October 04, 2020, 01:31:43 PM
No investment is safe in cryptocurrencies market because I don't recognise Binance and kucoin also hacked and a huge amount of money, assets and liquidity stollen by hackers. So DeFi also risks and dangerous but profitable also.
Yes mate a few days ago popular centralised exchange KuCoin hacked and $150 million equivalent assets hacked. So in cryptocurrency market no investment safe and secure. But we are still investing and trading cryptocurrency with risks.
Title: Re: Is DeFi safe?
Post by: Bobcrypto on October 05, 2020, 10:26:31 PM
Generally speaking, every business is associated with one form of Rick or another. Infact, business is a pool of risk. Crypto has it own risk, like several hacks, scam ICOs/IEOs, fake bounty campaigns and air drops etc; the Defi project may have some of these senero now and in the future.
Title: Re: Is DeFi safe?
Post by: Vx1 on October 06, 2020, 02:17:48 PM
Nothing is safe here, every step we choose to invest in Cryptocurrency, including Defi, we still have to be careful and must be ready with all the risks of loss. Currently Defi is indeed booming, but that cannot be a guarantee that we will benefit from here.
Title: Re: Is DeFi safe?
Post by: hair on October 07, 2020, 04:15:55 AM
Nothing is safe here, every step we choose to invest in Cryptocurrency, including Defi, we still have to be careful and must be ready with all the risks of loss. Currently Defi is indeed booming, but that cannot be a guarantee that we will benefit from here.
yes, the loses and profits are always there including in the DeFi project. the most important thing is to minimize these losses.
Title: Re: Is DeFi safe?
Post by: Coin63@ on October 07, 2020, 04:27:23 AM
I think DeFi investment is profitable and potentially worthy to invest but all investments have risks. DeFi investments also very much risky. Some DeFi projects are gradually becoming popular but not keeping market stable.
Title: Re: Is DeFi safe?
Post by: Altcoin1998$ on October 07, 2020, 04:38:30 AM
I think DeFi investment is profitable and potentially worthy to invest but all investments have risks. DeFi investments also very much risky. Some DeFi projects are gradually becoming popular but not keeping market stable.
Yes brother it potentially worthy to invest but also risky.
Here you noticed the yearns Finance DeFi project development and now it already under way. If any investors invest when YFI prices high, but now he lost half of his investment money.
Title: Re: Is DeFi safe?
Post by: Triedboy on October 07, 2020, 05:59:27 PM
DeFi project is a very strong project. Now day DeFi project almost peoples investing.so I think 100% sure DeFi project investing is safe.
Title: Re: Is DeFi safe?
Post by: Gurujebs on October 07, 2020, 11:33:11 PM
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.
You mean hack?
With thousands of Usdt and ethereum hack tokens, we need to reconsider and restructure the decentralized finance. We need full audit before a project should kick in other to save investors.
So many projects has been hack since the beginning of this trend and lots of investors has been on the edge of collapse.
For example, yfmoonshot was just hack with tempered  smart contract and thousands of Eth were stolen from vault.
Title: Re: Is DeFi safe?
Post by: Tamsialu$$ on October 13, 2020, 10:53:44 AM
To me, only Binans is an exchange with very good security.  In addition, almost all exchanges are hacked. Investing in DeFi seems a bit risky to me.  Although there are risks, many people are now investing in it, but many people are getting good results by investing in it.  As a result, many people are investing in it despite being risky.
Title: Re: Is DeFi safe?
Post by: KunotCoin on October 13, 2020, 05:24:41 PM
I think no platform is completely safe because it was a part of the crypto industry that was run with speculation, hype, and manipulation, that's why it's like a gamble for us so it's better to invest only that you can afford to lose. in case something bad happens you wont regret.
Title: Re: Is DeFi safe?
Post by: Rafiq on October 14, 2020, 07:03:42 PM
I don't think any platform is completely secure in cryptocurrency, because exchanges like Binance and KuCoin have also been hacked. Investing in DFI seems a bit risky to me. Although the price of DFI hype tokens has increased in the beginning, it is not sustainable; This is likely to hurt investors. Okis, like the DIA, when you look at the status of tokens, it means.
Title: Re: Is DeFi safe?
Post by: Paglamon on October 14, 2020, 07:46:45 PM
Now if you want to invest in a project then you can definitely invest by monitoring some time. Because most of the current projects that you will invest in are DeFi. Decentralized Finance (DeFI) These pages have a large number of investors and these projects are currently the most successful. So going to invest in the market? If you want to invest in such a project, you can. Because no one knows about its security. Seek expert advice, they will ask you to invest in DeFi. Because the maximum is not unknown about DeFi's security. Because the current projects that I have seen and the ones that I have seen, if you look at it together, you can see that there is security. So I think the investment is less likely to be lost. But I don't know if the projects are likely to be scammed later. But I think it will be highlighted in the future. But now the Free TON blockchain project is better.
Title: Re: Is DeFi safe?
Post by: Confero on October 14, 2020, 07:48:16 PM
I think no platform is completely safe because it was a part of the crypto industry that was run with speculation, hype, and manipulation, that's why it's like a gamble for us so it's better to invest only that you can afford to lose. in case something bad happens you wont regret.
I agree with you, We must be extra careful with our assets.  When the DeFi project is booming, this will be an opportunity for some people to cheat and do bad things. Stay alert and be careful with our assets, including this Defi.
Title: Re: Is DeFi safe?
Post by: Gurujebs on October 14, 2020, 10:15:26 PM
To me, only Binans is an exchange with very good security.  In addition, almost all exchanges are hacked. Investing in DeFi seems a bit risky to me.  Although there are risks, many people are now investing in it, but many people are getting good results by investing in it.  As a result, many people are investing in it despite being risky.
The binance exchange you trust was one time hacked and some amount of funds were transferred out of the exchange. Decentralized exchanges has proven to be better option since you own your private key and no other person can see it, some are DApps trust wallet and Metamask has made it easier to interact with this decentralized finance and it components.
The only problem with DeFi that bothers me much is smart contract exploit by some Hackers when they found a bug, we are still new to Decentralized Finance, hence we need to be careful how we interact with this platforms.
Title: Re: Is DeFi safe?
Post by: Magepai on October 15, 2020, 04:37:03 AM
I think there are some good security full names. More people are investing in DeFi coins nowadays.  Everyone knows it can be hacked when it is very dangerous.  But it is very profitable so people are investing huge amount in it despite the fear of more profit.
Title: Re: Is DeFi safe?
Post by: Rakin343 on October 15, 2020, 04:38:46 AM
You need more than luck to succeed in affiliate business.  This is the first time anyone needs to be strong enough to be attacked by something and no one can hack.  A platform is as vital as a Y6.
Title: Re: Is DeFi safe?
Post by: Bobcrypto on October 15, 2020, 12:39:20 PM
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 is safe, at least, being new a project and for it's recent performances, there has no news yet about hack on the decentralized exchange where they are all listed So far, Defi is very safe.
Title: Re: Is DeFi safe?
Post by: Fawpac2 on October 23, 2020, 08:31:32 AM
No invest in cryptocurrency market safe but it depends on customer and who use. If anyone opens his private file open then it would be highly risked.
Title: Re: Is DeFi safe?
Post by: EAA-ALLAH on October 29, 2020, 08:21:32 PM
No invest in cryptocurrency market safe but it depends on customer and who use. If anyone opens his private file open then it would be highly risked.
cryoto market always risky because we can't guarantee that the sellers and investors which projects invest are future brighter.
Title: Re: Is DeFi safe?
Post by: syedrasool2011 on November 03, 2020, 12:53:38 PM
DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.
Title: Re: Is DeFi safe?
Post by: saprakib on November 03, 2020, 03:13:25 PM
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 is a great name of hyfe. Its look everything ok at the moment time will say how much secured they have. I have seen a lots of scam on defi but there is no hamper occurred on legit platform . I think its look good  still time will say everythin. 
Title: Re: Is DeFi safe?
Post by: Cryptoz on November 03, 2020, 11:13:01 PM
There are many people who say that DeFi is not safe enough because it may be down if they follow and also volatility is not sure.
The most important thing is that every time we want to trade or invest in new projects of DeFi, ensure that you have analzye the project and do not follow the projects that are only following the other concepts
Title: Re: Is DeFi safe?
Post by: syedrasool2011 on November 05, 2020, 06:46:16 PM
Defi coin scam any time buy adn sell it with good profit then run away dont look back.
Title: Re: Is DeFi safe?
Post by: UNIVERSE on November 05, 2020, 11:22:54 PM
DeFi projects will be safe if we choose the early projects coming to the market and have been listed in top exchanges. However, if the projects are only following the previous projects, better to avoid them and not going into the shitcoin. fDeFi is good, but watch out, don't get into the big trap of it
Title: Re: Is DeFi safe?
Post by: Altcoin1998$ on November 06, 2020, 04:43:54 PM
DeFi projects will be safe if we choose the early projects coming to the market and have been listed in top exchanges. However, if the projects are only following the previous projects, better to avoid them and not going into the shitcoin. fDeFi is good, but watch out, don't get into the big trap of it
No projects can safe in investment. Cryptocurrency is a virtually guaranteed asset. We cannot see or touch Cryptocurrency. It is a only digit.
Title: Re: Is DeFi safe?
Post by: EAA-ALLAH on November 12, 2020, 10:21:55 AM
DeFi projects will be safe if we choose the early projects coming to the market and have been listed in top exchanges. However, if the projects are only following the previous projects, better to avoid them and not going into the shitcoin. fDeFi is good, but watch out, don't get into the big trap of it
No projects can safe in investment. Cryptocurrency is a virtually guaranteed asset. We cannot see or touch Cryptocurrency. It is a only digit.
You are very much intelligent person because bitcoin, ethereum, bitcoin cash, litecoin, yfi, yfii, Chainlink and thousands of Cryptocurrencies available in market but it has no guarantee or any other guarantees card. It is a simple digit which called digital currency, or virtually currency. Someone called thin air currency. So before investing any Defi projects, one should justify carefully, checked white paper and team management, address, and government support information.
Title: Re: Is DeFi safe?
Post by: Tanimariya on November 13, 2020, 08:07:23 AM
Decentralized Finance (DeFi) is definitely more secure and better. The platform is built around the entire ethereum. Many projects have benefited more by capitalizing on DeFi. Again many exchanges have been able to gain more popularity. Many more investors have benefited. Decentralized Finance (DeFi) is much safe for the cryptocurrency market.
Title: Re: Is DeFi safe?
Post by: hadi97bd on November 13, 2020, 08:39:47 PM
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.
Safe and unsafe totally  depend on team. If team is royal about their project  then it is safe but if they won't try to move on they are considering unsafe. But maximum Defi project is secured but before investing you must try to gather knowledge about your selected Defi project.
Title: Re: Is DeFi safe?
Post by: edmundo on November 14, 2020, 09:40:12 PM
Decentralized Finance DeFi has always been an amazing piece of technology introduced into the crypto space. This has served its usefulness and has helped bring a lot of people into the space who have all gone on to achieve tremendous success, however, with the proliferation of several DeFi projects, there has been an upsurge in the number of scams and frauds seeking to take advantage of this unregulated space in order to perpetrate their shady practices. This has led to doubts concerning DeFi. For now, one has to be very careful to avoid falling into the wrong projects.
Title: Re: Is DeFi safe?
Post by: EAA-ALLAH on November 15, 2020, 09:06:10 AM
In cryptocurrencies market, no coin has extra security to free form hack. Today news dai cryptocurrency already hacked and more than $6 millions flash loans are transferred to another hacked account which means defi has no security.
Title: Re: Is DeFi safe?
Post by: vaysar on November 15, 2020, 10:04:02 AM
A smart investor will always do his own investigation of an investment first. Remember how Vitalik Buterin urged investors to be careful about DeFi by comparing the economic model of profitable farming to the printing press of the US Federal Reserve. Anything that brings big profits is always risky.
Title: Re: Is DeFi safe?
Post by: Fadhilz123 on November 21, 2020, 02:47:04 PM
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
Title: Re: Is DeFi safe?
Post by: EAA-ALLAH on November 22, 2020, 11:11:00 AM
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
Thanks Very much to provide valuable information about DeFI problems and restrictions. Nowadays most of the defi projects are Turning into scams and they scamming finds from the liquidity pool into uniswap decentralized exchange.
Title: Re: Is DeFi safe?
Post by: shadowdio on November 23, 2020, 04:18:57 PM
What do you mean? from getting hack? if that what you mean well it depends of their security, there were news about the hacking incident of DeFi Tokens. If you plan to invest a DeFi token just make sure you do a research of a project or stick to the popular DeFi tokens like chainlink or YFI.
Title: Re: Is DeFi safe?
Post by: nego on November 23, 2020, 11:27:31 PM
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 never be so  good in eyes of people,because to mayn scamy projects there
Title: Re: Is DeFi safe?
Post by: H2O on November 24, 2020, 03:57:49 PM
Now a days DeFi is only the best platform to invest. So i think obviously DeFi investment is safe and secure.
Most of the DeFI projects are becoming scams and not perfect to invest because a few days ago scam uniswap application scam more than $6 millions .
Title: Re: Is DeFi safe?
Post by: Sumaiya2 on November 24, 2020, 04:02:35 PM
Daffy is the new platform that has replaced the blockchain but cannot move Dafi.  Because the new platform has not yet become self-sufficient, blockchain is a self-contained platform.  So we all support DEFi but can't stand it.
Title: Re: Is DeFi safe?
Post by: H2O on November 24, 2020, 04:06:11 PM
Daffy is the new platform that has replaced the blockchain but cannot move Dafi.  Because the new platform has not yet become self-sufficient, blockchain is a self-contained platform.  So we all support DEFi but can't stand it.
No ,it would not be possible for defi to replace blockchain. DeFI becoming popular, simultaneously many DeFI projects turning to scams projects also. Please be sure about genuine and trusted DeFI.
Title: Re: Is DeFi safe?
Post by: Casual on November 24, 2020, 04:07:47 PM
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.
Title: Re: Is DeFi safe?
Post by: Casual on November 24, 2020, 04:13:49 PM
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.
Title: Re: Is DeFi safe?
Post by: Gravatai on November 24, 2020, 04:27:46 PM
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.
Title: Re: Is DeFi safe?
Post by: Magepai on November 24, 2020, 04:37:22 PM
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.
Title: Re: Is DeFi safe?
Post by: H2O on November 24, 2020, 11:08:27 PM
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.
Title: Re: Is DeFi safe?
Post by: Hometown on November 25, 2020, 03:26:18 PM
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.
Title: Re: Is DeFi safe?
Post by: Lorix on November 25, 2020, 07:19:59 PM
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.
Title: Re: Is DeFi safe?
Post by: Rain075 on November 26, 2020, 02:36:16 AM
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.
Title: Re: Is DeFi safe?
Post by: saprakib on November 26, 2020, 02:57:34 AM
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.   
Title: Re: Is DeFi safe?
Post by: MrSpasybo on November 26, 2020, 12:33:50 PM
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.
Title: Re: Is DeFi safe?
Post by: H2O on November 26, 2020, 12:44:23 PM
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.
Title: Re: Is DeFi safe?
Post by: Chita76 on November 26, 2020, 04:29:18 PM
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.
Title: Re: Is DeFi safe?
Post by: Lenipiw on November 26, 2020, 07:25:33 PM
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.
Title: Re: Is DeFi safe?
Post by: Pluto25 on November 27, 2020, 04:16:55 AM
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.
Title: Re: Is DeFi safe?
Post by: Riya143 on November 27, 2020, 11:53:50 AM
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.
Title: Re: Is DeFi safe?
Post by: EAA-ALLAH on November 27, 2020, 03:19:05 PM
Now a days DeFi is only the best platform to invest. So i think obviously DeFi investment is safe and secure.
How can you be sure about a project? Recently defi projects are becoming more scam and seized by hackers. Before investing any DeFI projects you should remember some features and criteria.
Title: Re: Is DeFi safe?
Post by: Tnoy30 on November 27, 2020, 04:58:38 PM
I don't think DeFi tokens are risky. There are many coins in the market, not all coins are established in the market. However some coins are established in the market. DeFi coins are now well established in the market. The level of investment is constantly increasing. The popularity is growing. So I think the risk in DeFi space is less.
Title: Re: Is DeFi safe?
Post by: densus88 on November 27, 2020, 10:42:15 PM
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.

In my opinion DeFi platforms are smart, But I confused, why there is several DeFi has been hacked. I don't know why. Because I think DeFi is really safe and secure. Maybe other people can suggest why It was happened.
Title: Re: Is DeFi safe?
Post by: Apower$ on December 01, 2020, 06:37:11 AM
At the present time I have seen that more and more investors are leaning towards this project nowadays.  Again, I came to know from a senior brother post that some projects of DeFi are being scammed.  If this is the case with Islam, then more people, especially investors, will not lean towards this project
Title: Re: Is DeFi safe?
Post by: Komorhan on December 04, 2020, 01:59:14 PM
I think it is so,we could see how in recent months hackers have withdrawn tokens from liquidity pools,deceiving the defi!
Title: Re: Is DeFi safe?
Post by: Churphans on December 05, 2020, 03:54:22 PM
I think it is so,we could see how in recent months hackers have withdrawn tokens from liquidity pools,deceiving the defi!
Yes sir you are just talking very important, many  unaspected events already occured in cryptocurrencies market, Kucoin hacking and a lots of dollars are theft by hackers. So only DeFI projects are more hacked.
Title: Re: Is DeFi safe?
Post by: Lanirex on December 05, 2020, 06:18:33 PM
Nothing is safe if we are reckless in investing or anything related to money, be it fiat, Cryptocurrency or whatever. When the DeFi project was very popular, it was very prone to fraud, hacker attacks and so on.  So we have to stay alert!
Title: Re: Is DeFi safe?
Post by: Cinno3 on December 06, 2020, 10:36:32 AM
DeFi is one of the financial services for transactions in different places or regions of the world. So the popularity of DeFi has spread. There has been a lot of expansion around the world, especially in the cryptocurrency market. So I think DeFi is safe.
Title: Re: Is DeFi safe?
Post by: vaysar on December 07, 2020, 08:31:26 AM
Open-source. As in the case of the blockchain itself, services using opensource protocols are more trustworthy: they can be verified, they can be modified, and can be used in other services.
Title: Re: Is DeFi safe?
Post by: Istiak on December 07, 2020, 10:30:37 AM
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.

Every new project has its weakness and how they make it more strong and secure. But I think the DeFi project is secure than any non DeFi project. Some projects just got a security breaches before of poor developer choice and some of them are internal incidents. So DeFi just needs some more time to strengthen its foothold.
Title: Re: Is DeFi safe?
Post by: juv3ntus1 on December 08, 2020, 09:41:37 AM
In my opinion i don't think the Defi projects are safe,a lot of defi platform got hacked,some of them was hacked more that once ,for example bzx project,got hacked 3 times only this year.
Title: Re: Is DeFi safe?
Post by: Power420 on December 09, 2020, 03:35:37 PM
Defi is a completely safe platform. It is a very good and powerful platform.  The importance of this platform will increase a lot in the future but the blockchain is more powerful than the Defi platform.  Security is more on blockchain platforms.
Title: Re: Is DeFi safe?
Post by: anobtc on December 09, 2020, 06:03:17 PM
IMO opinion it's not safe at all to trade defi tokens, because of its violate and almost of them was manipulated by their devs and founders. Which means they can dump it to zero any time and you can lose all of your investment.
Title: Re: Is DeFi safe?
Post by: juv3ntus1 on December 15, 2020, 09:24:56 AM
Another day another hack,the personal wallet of CEO Nexus Mutual got hacked yesterday,the thief stole NXM coins worth of 8.2 milions $,attacker found a way to access the CEO computer & modified the metamask extension, tricking him into signing a different transaction which transferred funds to the attacker’s own address.
Title: Re: Is DeFi safe?
Post by: Monster5 on December 16, 2020, 04:25:45 AM
A really nice incredible Defy token is actually getting better day by day and can be expected to get better in the future. It is far ahead of other coins so I hope the Defy Token will go further in the future.Thank you so much for making this post hope you will benefit us by posting even better.
Title: Re: Is DeFi safe?
Post by: raisajahan on December 17, 2020, 12:37:09 PM
While traditional financial services often have some degree of deposit insurance, such as FDIC, DeFi applications are still at an early stage, and most do not provide this kind of protection. Consequently, the onus is on the end-user to ensure their funds are safe while using these new applications.
Title: Re: Is DeFi safe?
Post by: juv3ntus1 on December 18, 2020, 01:29:27 PM
 Around 12 hours ago Warp Finance got hacked,the platform was exploited with a complex flash loan attack and lost stablecoins who worth around $7.7M , the hacker found a way to borrow more than their collateral value, the team say they have a plan to recover approximately $5.5m will see if its true or not but I can't say the defi project are safe when are so many project who are problems with the security .
Title: Re: Is DeFi safe?
Post by: Nikawe on December 25, 2020, 10:11:56 PM
What's happening in the cryptocurrency market and exchanges? Livecoin,,kucoin, origin protocol, dai defi, wrapped bitcoin etc hacked very much sad news for crypto supporters.
Title: Re: Is DeFi safe?
Post by: Shahinaz on December 26, 2020, 11:01:55 AM
well and not defi for now has not been seen, no doubt everything can be hacked or something.
defi have promise i think to invest
Title: Re: Is DeFi safe?
Post by: Hometown on December 26, 2020, 10:50:15 PM
What's happening in the cryptocurrency market and exchanges? Livecoin,,kucoin, origin protocol, dai defi, wrapped bitcoin etc hacked very much sad news for crypto supporters.
Recently livecoin .net hacked that makes me more worried because many centralised and decentralised exchanges hacked within a few months duration. How could a exchange be hacked?
Title: Re: Is DeFi safe?
Post by: Oxumare on December 28, 2020, 02:32:55 PM
The vulnerabilities still persist.We read new news every day.
See COVER.With the attack on the staking protocol of the Cover project, the attackers made millions of dollars. The cover price has crashed by 77% in the last 24 hours and has lost almost a large part of its value.

(https://i.ibb.co/Z62H2hn/cover.png) (https://ibb.co/FbHsHBS)
Title: Re: Is DeFi safe?
Post by: jonathancool220 on January 02, 2021, 01:55:52 AM
DeFi was created for anything that is not centralized.
The early cryptocurrency system was created and this is a great thing for anyone looking to invest in altcoins for short term only.
If after experiencing profits from trading on DeFi then it is better to return our assets to Fiat.