i think defi is much more credible concept than IEO/ICO previously, - here even when we see a huge hype, we understand that there's a strong financial model/technical base/strategic roadmap under this particular token. i believe defi isn't a real hype more like stable concept which will have a huge impact on a crypto market
You say that at this point because DeFi is still in the Hype stage, and things like that have been said by some when an IEO is in a good trend, so is ICO, almost everyone says good things when a trend is on, but Try to say this when DeFi has been going on for a year or so, because saying things like this now, I think it's too early.
Very well said. I think the craze of DEFIs has slowed down but still investment is coming in this sector of crypto space. The growth of Defis is incredibly very impressive and we should not confuse Defis with ICO or IEO. Unlike ICOs, many DeFi services have working products with daily active users.
DeFi is unique idea because of its permission less nature. No doubt, anyone can start a lending service for cryptocurrencies. But a DeFi lending service is composable, allowing third-party developers to integrate it into their own applications, stacking these services on top of each other like building blocks and creating interesting new financial instruments that were previously impossible to make. Examples of such amalgamations are borrowing tokenized insurance, paying bills with synthetic derivative index funds, and lending fractionalized assets.
Having said it all, it would be wise to do cherry picking while investing in Defis and do proper research before taking any investment decision.