Don't fall for all DeFi hypes

[pornflixandchill]

true, too many DeFI hypes, all going to crash soon, just like when a bubble pop!

[Quantum X]

That's the way they are. Whenever they see any possibility of using something to their gain that's the opportunity they will never pass.
And if we try to figure out, we'll realize that there's nothing new in there way of scamming.

[KunotCoin]

That was the best thing to do keep away from those fake Defi projects do some researched because there are some legit Dedi platforms but most of them are just following the trend without true used

[sampoerna]

Yep, it is true, never buy a coin just because of the hype. Defi coins are okay, but don't buy them if you don't know the potential in the future. Buying the coins because of the hype, will be too risky for you. The hype will disappear any time, we don't know if the hype may be over tomowrrow. Because of this reason, you only buy if you know well the potentila of the coins.

[Markuri33]

I am new bye to this forum.  If there is any mistake please help a little.

[syedrasool2011]

Yes i agree with you but big profit in defi project you have take risk because if you invest 100$ if project is real on 100$ you will get profit upto 1k to 10k invest in small amount.

[tinakoya]

true, too many DeFI hypes, all going to crash soon, just like when a bubble pop!

I don't agree with the fact that all will crash soon. There are genuine and successful DeFi projects with outstanding technology that will stay with us for a very long time. Yes there is a hype going on and many fake/ copycat projects has emerged and those ones won't last long, soon they will fail and be gone. That doesn't mean the technology and its usecases will disappear. Just DYOR before joining any project.

[Bobcrypto]

I think Defi is a good development to every crypto investors and traders and other participants but we may have to invest with little caution. Obviously, scammers will be there to take advantage of the hype genareted from Defi projects to scam many people, just like the same senero with ICOs sales that brought the IEOs.

[Jaephoenix]

I have never been a DeFi fan. Never truly jumped on the hype train. Yes its a good section of cryptocurrency finance, but Decentralized Finance seemed populated by unscrupulous characters who hijack its popularity for their selfish reasons

[Istiak]

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!

There are many project that scammed peoples money and there are some that will do exit scams. After YFI massive we have seen a lot of Y series defi project which was just using the name of YFI and create massive pump. All those look fake and market manipulation to me. YFI have already lost it's value over 50%. Many people lose their money and many going to.

[debra]

This is what I always think. However, I am also part of the deFi project, I have some coins of DeFi that have been listed on the exchange and have good value. However, I prefer to make it for the daily trader, not long term holding. It is important not always following the hype, just get more considerations

[Fenix]

I am new bye to this forum.  If there is any mistake please help a little.

You are doing well so far. Start working more boldly. This forum has the most attendee-friendly atmosphere and extensive benefits system. The main thing is not to abuse and write quality messages.
Now on the topic. After the recent price correction in the market and a simultaneous drop in the price of DeFi projects, in my opinion, it has already become clear to everyone that some projects were heavily promoted to the general hype. This is especially true of our record holder YFI token, which managed to rise in price to $ 43,000, and then fell to $ 14,000, and today has a price of just over $ 17,000. Hardly anyone can already believe that in the near future it can rise in price to one hundred thousand dollars, as they wrote earlier.

[Absolutep]

Defi is the trend in cryptocurrency right now there is nondoubt about that, and for that reason we must be very careful not to fall for scam all in the name of Defi. Everybody want to be involved in Defi but we should not forget that scammers are watching and waiting to hit us hard using Defi as a means.

[tonymillions84]

Most especially those listed on Uniswap the latest Decentralized exchange with No approval and regulation from anyone. just a bee-hive of scammers minting New tokens with no value and selling on Decentralized exchanges which the owners will pull off liquidity to crash the market. then goes back to design another project without value.

[Jaephoenix]

I love crypto and of course DeFi, but the DeFi craze didn't get to me. I am always wary of any technology that is quite populated and drawing hype. Now scammers have taken over that niche. About 5 in 10 DeFi projects are scammers