'DeFi was vaporware from its onset' says known crypto bear Roubini

[newshunter]

'DeFi was vaporware from its onset' says known crypto bear Roubini

He's been dismissive of all things crypto for years, but does he have a point this time?

Source: 'DeFi was vaporware from its onset' says known crypto bear Roubini

Would appreciate your opinion about this

[TomPluz]

The man has a point or a message to us although I dare to say that just like his general negative stand on cryptocurrency he can be missing some points. DeFi will definitely not continue growing and just like the ICOs of the past there will be scams and failures as all of these things are quite experimental. However, just like Bitcoin and maybe other top coins, there will be those that can eventually survive. Maybe Roubini is just telling us to be careful though of course since we are not dealing with his money the final decision is always on the holder.

[KryptoBull]

As for the vast majority of current DeFi, I agree with Nouriel Roubini's statement.
At the moment, it is undeniable that the big driving force of DeFi projects based on liquidity pools is an infinite cycle of investment to generate profits, and this is clearly a huge manipulation to the whole crypto world. Before YFI everything was fine, pools were still active, although there were occasional liquidity problems. Newly emerging DeFi projects suck money from the community and unjustly push their token prices up, the value created from a vacuum will return