right now most hype project is defi project. it's new so maybe there will be a scam soon. I will suggest people before they get into any project verified it so you don't lose money.
New concept in the crypto wil lalways be abused by the scammers. There are already defi projects that was stopped in the altcoin threads because of their suspicious activity and plagairism. There could be a defi project that is right now already gaining trust but will eventually turn scam in the end.
Wow, this is a pretty good theory about whales manipulation right now. I am also wondering about the new trends in the crypto market. Now the financial markets in many places are in chaos and do not know where to go, while the crypto market is constantly creating new trends to attract investors' capital. Besides, Defi is only one solution in borrowing and in fact it does not have a good impact on the economy. We also have banks that reduce lending rates, so why do people need Defi? I think this is just the fomo and the whales are doing the trick there. be careful.
Defi is not just for lending. ITs also for trading, its where Margin trading is possible without KYC.
