Topic: DeFi project beginning to sounds ridiculous (Read 1175 times)

everyone is entitled and can give their opinion on a project or anything. but sometimes some do not conduct research first or simply provide suggestions or ideas. isn't it when something that is shared without doing any research beforehand can also make new people get lost with what they read?
the defi project might provide an interesting breakthrough for the crypto industry. but a lot of new people are attracted by the hype going on in the market without knowing how the real market changes the situation.

It will always happen like this because we still bad eggs among us and that they could do such things. Just need to be more careful with every minutes talks and Defi investments. There are still lots of people who are waiting to do this through defi project. Let's be careful.

HoT Doge isn't hot anymore lol  , all these new DeFi projects are just players, it's why you should play games with such projects only if you are capable, instead of investing money on new DeFi projects that are less popular it's better to go for strong DeFi projects

Everyone has their own opinion. It seems to me that you can’t say so categorically that DeFi is absurd. It cannot be that millions of users have entrusted their money to ridiculous projects. There are really high quality products that are sure to bring good profits.

i heard they have top options for liquidity providers, really, but i'm still cheking them

besides i've found an interesting stablecoin exchange based on Curve - xsigma, do u know them?

by the way i see most of valued dex-es are developed basically with eth blockchain. and i see nice projects based on Curve exchange also.

This is what others don't understand , Decentralization will Hinder the fast development that's why you are correct on here mate.
This crypto is for all of us , and we are buying coins/tokens in new project means we are ready to risk and ready to Lose at the same time , that's why this called New project because there is no assurance that it will gain investors and trust that soon. unless the team has tons of Budget for advertising and popularization .

Defi is also starting to get scammed like an ICO.  This happens because seeing a project with high opportunities, people appear who want to get more and the plan according to which the project should move crashes or moves slowly

Crypto projects in general were never decentralized to begin with, in fact especially so for the ones that DID insist they were decentralized.

And people just kept buying into them, in fact trusting more the projects who had people and figures around them and pledging their undying loyalty to these people any sane person otherwise would not have trusted. This is crypto for you though!

Just because of that one project ? why not mentioned Half of the project connected to DeFi so we will have more enough room to detract ?

These So Called Decentralized is not a total decentralized instead  a True Meaning on how risky Crypto investment is.

and with So many scam that happens in this platform ?i'm not sure if they are still reliable or total devastation .

defi is a new market concept. as for me, it's more credible and transparent concept than IEO/ICO.  it shows that cryptomarket is becoming more sustainable and healthy than 3 years ago. besides, if you research a market you can really see that a lot of nice dex projects are rising and they have profitable defi tokens 

I believe the answer is obvious. DeFi is a continuation of the development of the crypto industry. We were all waiting for a new direction and now DeFi is just that. The fact that a lot of crypto projects have been released for DeFi lately and, as you noted with ridiculous names, suggests that DeFi really managed to attract a lot of attention from the crypto community and, accordingly, money. Of course, all this is done mainly for the sake of profit and there is no getting away from it. In any case, this makes it possible to develop the crypto industry, even if not as quickly as you want.

DEFI's are more like small masternode coins. At peak mid last year , there was above 500 of them. All promising 200% APR and more, and some of them even looking solid.

But at the end, after many users get scammed or burned, just few of those masternodes survive...

I see same future in DEFI. Yes , few could earn 500% APY yearly, but only at start, and then hundreds or thousands will lose.

It cannot be legit and sustainable if it is above 20% yearly, even that is to much.

That is why more and more users use celsius.network, crypto.com, apyharvest.com, blockfi.com and nexo.io

AAVE is defined as completely legit, and as full DEFI, it should be more safe than any of CEFI's mentioned above...BUT...why would anyone hold USDT there @ 4.36% APY when they can hold @ 10.51% APY on celsius? Or why would anyone hold ETH there on AAVI @ tiny 0.13% APY, when they can hold and get 7.82% @ apyharves

Without institutional crypto borrowing, there is no DEFI that can survive, and it is close to impossible to get legal institution to provide liquidity to something decentralized and non-AML(KYC).

CEFI on other hand is booming, and IMHO it is a way to do. And they do favor to crypto, by switching more and more fiat bank holders to crypto, because we all know how much fiat banks do not give.

I see DeFi has started to leave...
People may have started to become aware of the fantasy that DeFi has to offer and have started switching to Bitcoin and Altcoins as well.

'lol' as if they had run out of names so they used food names to fill in the blanks of ideas.

That's the point when they have a small opportunity to generate more money from the defi market even if that's only a small chance and they didn't care about the risk and keep investing their money on such project that can turn into the scam project anytime.
Defi is about a place to be used as a betting like when people were playing the casino. That's not a new thing because people have known what they have done.
Just hope they were doing complete DYOR before try to invest in any defi platforms but it looks like it's not so crowded as it before.
People started to get a sense of thing again by investing in bitcoin.

I don't get surprised by names like shushi, kimchi, hotdog or berger in the DEFI market. The problem is that they give too high a return to entice people to invest in them. Few projects have successfully survived until now because their source code is so messy, most are copied from other projects and have problems themselves. One should consult with developers about the source code before investing in any DEFI project.

Yes this happens lately in defi projects when we observe it in the market price movement were down. Though not all defi projects will be going to zero some of it will pump once they had a development in their project. So, it is best if we could truly check prior to invest.

that means you didn't aware about where you are right now. We are in the speculative market and everything is about how tp speculate the coins to grab more and more money from the market as much as we can.
This is happening not only with the small traders but the whales were also doing it.
In cryptocurrency, the trend will become a money machine that can be used to generate a lot of money instantly.

It amazes me to see many projects hide under the DeFi cloak but without any tangible innovation or contribution to the DeFi ecosystem. What fuela interest in such projects is investor's greed and fear of missing out of the next big thing. Nevertheless, we still have lot of ground to cover in DeFi and only innovative blockchain solutions can take DeFi to the next level of mainstream adoption.