Many projects tagged with DeFi came in 2020. Also, people are curious to increase their portfolio with DeFi. This trend attracted the other developers both genuine and scammer developers. Scammer projects are looting money by using the DeFi craze. Among the genuine projects only projects with an active, hard-working team and the excellent ideas will be able to survive. Remember what happened with ICO's.
In ICO we've get bad experience , we know how scammers work when market going bullish. there are alot bad guy will take our money by creating fake project by duplicating popular project. and now this condition happen again , in defi projects there are many fakers work again to build fake defi. 
Topic: What is happening to DeFi? - page 3. (Read 673 times)
DeFi projects are trying to exist and get another popularity, but we know that this trend will not stay for longer, and it will replace by another new trend. It is what we see now in the crypto world. After ICO, IEO, and DeFi, maybe we will see something new, but DeFi is still popular and still trying to get more investors to invest in their project. While you can still make a profit from DeFi, you should use that before the trend is ending.
Maybe not all fundraising trends will be replaced by other trends, as long as the existing trends continue to develop and adjust to investing styles, I'm sure that won't be a problem. for Defi and also dex, I believe their problem is how they can identify projects that are really legit or not, because decentralization everything works automatically and sometimes we have to do extra research DeFi is an interesting upgrade of Finance and is looking to take over Centralized Finance, but with the insecurity features, this is going to be a pipe dream.
DEFI has awesome impact in revamping finance sector, but it's never going to replace centralized finance. Saying DEFI will replace CEFI is just like saying crypto will replace FIAT. Both DEFI and centralized finance will co-exist. We still have a long way to go for DEFI to go mainstream, since there are still security concerns to be tackled. For instance, DEFI platforms offering flash loans and staking keep getting hacked here and there. It's one of the areas DEFI projects needs to improve on.
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DeFi projects are trying to exist and get another popularity, but we know that this trend will not stay for longer, and it will replace by another new trend. It is what we see now in the crypto world. After ICO, IEO, and DeFi, maybe we will see something new, but DeFi is still popular and still trying to get more investors to invest in their project. While you can still make a profit from DeFi, you should use that before the trend is ending.
DeFi is a great method by which the technology encourages us to escape from manipulation by third parties, but unfortunately it is used by some for its own benefit. If we look at the current crypto space, we find many projects called "defi" but without offering products or real use cases. and worse, many people fall into the scammer trap because they can't tell the difference between good and bad projects. This may be just a small drawback of defi, but I hope we can keep moving forward to make the way of investing in crypto better.
The hype has died down and things are going back to normal from the defi craze we have witness this few days, just like what happen with ico defi time is grdually moving away for a new trend to step in, we dont need a soothsayer to tell us that the hype will end sooner than expected because it was getting too much, now i feel bad for the rest of defi projects letf who have not had the time to shine during the defi hype, hope they will be able to generate funds like some of the lucky defi projects
Many projects tagged with DeFi came in 2020. Also, people are curious to increase their portfolio with DeFi. This trend attracted the other developers both genuine and scammer developers. Scammer projects are looting money by using the DeFi craze. Among the genuine projects only projects with an active, hard-working team and the excellent ideas will be able to survive. Remember what happened with ICO's.
We can't just categorize everyone coming with the word DEFI as one. The popularity of DEFI had brought many bad actors, scammers and ponzi on this genre. Even though they are not a DEFI, many project uses the word to collect money from gullible investors. It's upto the investors and users that can control how DEFI shapes up. Not feeding scammers would deter them automatically.
Unfortunately, this trend would continue: gullible greenhorns drawn to the hype of crypto and DeFi, all to get burned by it. But the onus lies on us with experience to spread the warning, instead of allowing some scammers to paint crypto in a bad light https://bitcointalksearch.org/topic/--5291652
It's becoming popular, so obviously, scammers are going to take advantage of it. And then we have the cyber criminals as well, looking for weak points and vulnerabilities. And we have seen many investors lost their money in this Defi craze.
So once the hype is gone or at least a new services or platform emerge in the future, then Defi will have it's day but with risk associated with it so every should still be cautious.
So once the hype is gone or at least a new services or platform emerge in the future, then Defi will have it's day but with risk associated with it so every should still be cautious.
thats right, scammers will always come if the opportunity arises, and when the hype on defi coming, for sure a lot of scammers coming to defi my friend
all need to do, is only support the real defi project, not unknown defi project
I fear that another ICO scams year like 2017 is inbound already, there is no string attached within DeFi projects and it's investors, we have been made to understand that DeFi projects runs on codes and if the codes fail somehow it's the end, so ultimately if DeFi projects goes scam or exit scam just blame the code, LMAO,
It's becoming popular, so obviously, scammers are going to take advantage of it. And then we have the cyber criminals as well, looking for weak points and vulnerabilities. And we have seen many investors lost their money in this Defi craze.
So once the hype is gone or at least a new services or platform emerge in the future, then Defi will have it's day but with risk associated with it so every should still be cautious.
Indeed. DeFi is continuously becoming more popular and hype. Unfortunately, scammers will always take advantage of everything in the crypto space that is on-trend because here, they can easily steal money from investors. But I think only a few investors got deceived by these scammers because they learned their lessons from the last ICO hype in 2017 that most investors are now becoming more cautious during the DeFi hype. So once the hype is gone or at least a new services or platform emerge in the future, then Defi will have it's day but with risk associated with it so every should still be cautious.
Unfortunately, this trend would continue: gullible greenhorns drawn to the hype of crypto and DeFi, all to get burned by it. But the onus lies on us with experience to spread the warning, instead of allowing some scammers to paint crypto in a bad light
This is what it should be, and everyone will obviously always be responsible for every decision he makes at this time and in the next year, because as time goes by DeFi will continue to be tainted by scammers in crypto. 
I hope crypto in general and DeFi specifically change its act, and gets rid of these unwanted baggages. I still love crypto though
"I love this world, but I would love to see it without thieves."
I could say, for example, that ICO was pretty much similar around 2017. And it pretty much died.
So you cannot have it all. DeFi scams, like many other scams, basically turn people's greed against themselves. If DeFi will survive then it will probably be, sooner or later, regulated to somewhat resolve this.
But keep in mind that for example HYIP scams are also still pretty much alive and one cannot do much more than avoid them.
I avoided DeFi even more than I've done back then with ICOs. Maybe I could have earned some bucks. But again, one cannot have it all.
The main rule is: always use your brain when investing.
We can't just categorize everyone coming with the word DEFI as one. The popularity of DEFI had brought many bad actors, scammers and ponzi on this genre. Even though they are not a DEFI, many project uses the word to collect money from gullible investors. It's upto the investors and users that can control how DEFI shapes up. Not feeding scammers would deter them automatically.
Unfortunately, this trend would continue: gullible greenhorns drawn to the hype of crypto and DeFi, all to get burned by it. But the onus lies on us with experience to spread the warning, instead of allowing some scammers to paint crypto in a bad light 
It's becoming popular, so obviously, scammers are going to take advantage of it. And then we have the cyber criminals as well, looking for weak points and vulnerabilities. And we have seen many investors lost their money in this Defi craze.
So once the hype is gone or at least a new services or platform emerge in the future, then Defi will have it's day but with risk associated with it so every should still be cautious.
So once the hype is gone or at least a new services or platform emerge in the future, then Defi will have it's day but with risk associated with it so every should still be cautious.
What is happening to defi is normal; whenever there is a new initiative in the blockchain space; there are literally several hypes; price hikes etc; it happens to all platform entirely; but what happens when the hype is no more? This is what is happening to defi. Defi platform will definitely survive; but only defi projects with viable and achievable product use case would survive. Keep researching, and if you hodl a defi token; find out for yourself if it can survive on the long run. Always dyor.
We can't just categorize everyone coming with the word DEFI as one. The popularity of DEFI had brought many bad actors, scammers and ponzi on this genre. Even though they are not a DEFI, many project uses the word to collect money from gullible investors. It's upto the investors and users that can control how DEFI shapes up. Not feeding scammers would deter them automatically.
Everyone and his dog probably know how unregulated the crypto world is. The term Wild Wild West can aptly describe this sphere. Wild profits at really high risks, and of course, dishonesty from some bad actors. These bad actors perpetrate exit scams, right pulls, identity phishing(I have been a victim of this in a bounty campaign, unfortunately) etc.
Now in this neophytic subset of crypto, Decentralized Finance, with the ticker DeFi, these actors have basically taken over. DeFi is an interesting upgrade of Finance and is looking to take over Centralized Finance, but with the insecurity features, this is going to be a pipe dream. I hope crypto in general and DeFi specifically change its act, and gets rid of these unwanted baggages. I still love crypto though
Now in this neophytic subset of crypto, Decentralized Finance, with the ticker DeFi, these actors have basically taken over. DeFi is an interesting upgrade of Finance and is looking to take over Centralized Finance, but with the insecurity features, this is going to be a pipe dream. I hope crypto in general and DeFi specifically change its act, and gets rid of these unwanted baggages. I still love crypto though
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