I think this probably exposes the fact that they aren't using the right metrics to rank the DeFi ("decentralized finance") projects.
If the right standards/metrics are used, I bet some good projects that aren't at the top will rank top while some of the sub-standard/bad ones at top will disappear from the top.
Seems the ranking system is more focused on the financial aspect than quality.
Some of My favorite standards for ranking "Decentralized crypto-projects"
* Decentralization
* Transparency
* Immutablity
* Censorship resistant
* Anonymity/privacy
* Permissionless/trustless
* Security/safety
* Consensus driven
* Deflationary currencies
Etc
Projects developers can build the useful things they wish to build to get at the top once the above standards (and more) are followed... else they will be "cheating" in various easy ways to make it... while those following the standards won't
Topic: Top 10 DeFi projects - page 4. (Read 924 times)
There is no one that can't make mistake, Yam failed because it wasn't well unadited and most of the top protocol in the space have had their own bad days before. Assuming the Yam thing work out the price would be above $500, you can still but it now when it is cheap because I have this feeling the reward is far higher than the risk
Despite the alligations on Yam, it still finds its way to the top 10. The Yam project really needs to fix her bug, or its possible the bugs could have been put in place by the team to assist them in their exit strategy. I really did not expect to see the Yam project on this list, but I guess the figures don't lie. They've got the market capitalisation required to be among the top ten.
I am sure that very soon, when the critical point is reached, we will see more scams, few of which remain on the market with really good product. What is currently going on in the DeFi market can only be described as drug addiction
I was also surprised when the link you shared with YAM was in the top 10, I was also surprised that Coinmarketcap was able to put the project in position 42 https://coinmarketcap.com/defi/. looks like coingecko performance is better because we won't see the project in the top 100 https://www.coingecko.com/en/defi
The rankings in coinmarketcap are measured by market capitalization, so it's no surprise that YAM is ranked at No. 42 because its market cap is $ 19 million. 
I was also surprised when the link you shared with YAM was in the top 10, I was also surprised that Coinmarketcap was able to put the project in position 42 https://coinmarketcap.com/defi/. looks like coingecko performance is better because we won't see the project in the top 100 https://www.coingecko.com/en/defi
Yes, I know scam accusation on YAM and I don't know why the site still listed YAM in the list of top 10 Defi (all protocols). Is it a paid-position?
Definitely right, I believe most of altcoins or DeFi enthusiast already know many scam DeFi (e.g. YAM). But since they get paid, they will promote it and don't care about the accusation.IMO there's no need to trust this site since it's only spread/promote scam tokens.
A bit off topic, they also promote 1xbit (well known scam casino)
https://twitter.com/DappRadar/status/1295646620697030656
We have already written many times that YAM token is a scam.
See real trading volumes by token.
Deposits and withdrawals are currently suspended on Gate.io, so don't even think about buying this scam on unisvat for $ 0.5 and selling it for $ 1 on Gate.io.
In addition to statistics, you also need to read news and social networks.
See real trading volumes by token.
Deposits and withdrawals are currently suspended on Gate.io, so don't even think about buying this scam on unisvat for $ 0.5 and selling it for $ 1 on Gate.io.
In addition to statistics, you also need to read news and social networks.
YAM still not proven scam that's why they are still considered as high risk investment. It was sad to see that this scam coin in on the top 10 of DeFi project because many people are still a believer of this project. I try to join on of there discussion channel and most interaction there is useless. Most probably, they are just buying it because of the hype. Imagine this coin manage to list on multiple exchange while other decent project don't even list on a single decent exchange.
Why is YAM on that list OP? That project is nonsense and needed to be stay away from, id replace YAM with Oikos Project and DIA DeFi project, they are both better than YAM and Chainlink is even better too and deserve a position in the list
It must be from dappradar but try going to this CMC page because Yam isn't on top. https://coinmarketcap.com/defi/ DIA is listed on on CMC but not found in the list.
Its an early warning to investors abut Defi projects that can suddenly turn scam like YAM. Some explanations I've read was that there was just a bug discovered that made investors dumped the token from $150+ down to $1. Such a loss if you bought YAM at its early launch and had not sold.
Aave and synthetix have been truly awesome. They have proven their worth in short span of time and now their supporters, investors and hodlers are reaping real benefits.
Regarding YAM there are many memes and scam accusations on CT but we have to wait and see what solutions they come up with.
Regarding YAM there are many memes and scam accusations on CT but we have to wait and see what solutions they come up with.
ChainLink and Aave are the top rated DeFi projects on coinmarketcap, YAM isn't even on the list, meaning the project is a failure like few said on here, still don't believe it's a scam but who really knows? Be careful where you put your money and be prepared to do better research instead.
Why is YAM on that list OP? That project is nonsense and needed to be stay away from, id replace YAM with Oikos Project and DIA DeFi project, they are both better than YAM and Chainlink is even better too and deserve a position in the list
I do not believe in this assessment, they list small projects and say which are the top defi projects in this market?
Please go to: https://coinmarketcap.com/defi/
You will see which project is the best
Coinmarketcap should be the reference, I was shocked when I didn't see Chainlink in the list and see YAM in top, but in coinmarketcap YAM is number 42. There might be a different basis in rankings but not indicated in the website so the title is confusing, I tried to on the basis for new project but only two listed. Please go to: https://coinmarketcap.com/defi/
You will see which project is the best
I do not believe in this assessment, they list small projects and say which are the top defi projects in this market?
Please go to: https://coinmarketcap.com/defi/
You will see which project is the best
Please go to: https://coinmarketcap.com/defi/
You will see which project is the best
Yes, I know scam accusation on YAM and I don't know why the site still listed YAM in the list of top 10 Defi (all protocols). Is it a paid-position?
It could be like you say , i am not surprice about anything in crypto. Why this fomo about defi project , long term will not bring to us anything! Personally i don't like this kind of project.
Dappradar just reads the platform and display you the way you want it. The top 10 table is based on price of total coins coming and going of the platform. The dappradar don't maintain it and probably don't remove probable scam. The volume on YAM still seems to be quite high be it the deposits or withdrawal or combined.
Most of the times the scam quietly slips down the list but it takes time for many people to realize that.
Yes, I know scam accusation on YAM and I don't know why the site still listed YAM in the list of top 10 Defi (all protocols). Is it a paid-position?
It could be like you say , i am not surprice about anything in crypto. Why this fomo about defi project , long term will not bring to us anything! Personally i don't like this kind of project.
https://twitter.com/DappRadar/status/1295646620697030656
Yes, I know scam accusation on YAM and I don't know why the site still listed YAM in the list of top 10 Defi (all protocols). Is it a paid-position?
We have already written many times that YAM token is a scam.
See real trading volumes by token.
Deposits and withdrawals are currently suspended on Gate.io, so don't even think about buying this scam on unisvat for $ 0.5 and selling it for $ 1 on Gate.io.
In addition to statistics, you also need to read news and social networks.
See real trading volumes by token.
Deposits and withdrawals are currently suspended on Gate.io, so don't even think about buying this scam on unisvat for $ 0.5 and selling it for $ 1 on Gate.io.
In addition to statistics, you also need to read news and social networks.
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