You already said it, cryptocurrency environment is like a wild wild west and there is nothing you will be able to do about these scammers except that you just have to wise up and avoid them seriously.
But despite that there are lots of scammers, which can be very annoying, it doesn’t mean that there wouldn’t be good projects that will be successful, there will still be good projects that will climb up to become successful and also be at the top.. as long as the team is working really hard it’s only going to be a matter of time before they get to the top.
Topic: What is happening to DeFi? (Read 673 times)
Until now, Defi is still popular, even many projects still use Defi to attract investors,
if it's still like this, it is likely that the DeFi Hype will disappear,
and who knows who will replace this Hype, it's interesting to watch.
It's not so popular as it was before. The defi hype already over since last month and it's so difficult for defi project to attract the demand to use its platforms. The majority of people are avoiding to deal with the suspicious defi project. The defi hype will never come back again dude. There will be no more the same thing that will replace the hype. if it's still like this, it is likely that the DeFi Hype will disappear,
and who knows who will replace this Hype, it's interesting to watch.
The hype will not come for the second time. People are looking for the new thing right now.
Evidence shows that Top7ICO has been actively posting notable news on upcoming Defi projects in recent times. In the near future, there will be big projects with great growth such as Kylin, AnRKey, DAO maker, YOP. My conclusion is that at present we can still make large investments in the above quality projects and not be afraid of rekt.
Until now, Defi is still popular, even many projects still use Defi to attract investors,
if it's still like this, it is likely that the DeFi Hype will disappear,
and who knows who will replace this Hype, it's interesting to watch.
It's not so popular as it was before. The defi hype already over since last month and it's so difficult for defi project to attract the demand to use its platforms. The majority of people are avoiding to deal with the suspicious defi project. The defi hype will never come back again dude. There will be no more the same thing that will replace the hype. if it's still like this, it is likely that the DeFi Hype will disappear,
and who knows who will replace this Hype, it's interesting to watch.
The hype will not come for the second time. People are looking for the new thing right now.
after many cases of defi Scams has made most investors eyes open to the fact that Defi can not last long in the market. I was one of the Defi investors when it was booming for the first time and got good profits and luckily I wasn't stuck in Fomo at that time. so, whatever it is defi while you see an opportunity then immediately sell and leave after making a profit.
Until now, Defi is still popular, even many projects still use Defi to attract investors,
if it's still like this, it is likely that the DeFi Hype will disappear,
and who knows who will replace this Hype, it's interesting to watch.
It's not so popular as it was before. The defi hype already over since last month and it's so difficult for defi project to attract the demand to use its platforms. The majority of people are avoiding to deal with the suspicious defi project. The defi hype will never come back again dude. There will be no more the same thing that will replace the hype. if it's still like this, it is likely that the DeFi Hype will disappear,
and who knows who will replace this Hype, it's interesting to watch.
The hype will not come for the second time. People are looking for the new thing right now.
Recently, little attention has been paid to DeFi services. I do not recall over the last month to any DeFi attracted attention with their growth rates hundreds of times. This is obviously due to the fact that investors ' attention is now turned to bitcoin, which is trading near its ATH and has every chance to show an even greater price increase.
Don't forget in a hurry what happened to ICO generation, the market was over turned by scammers and what we saw or seeing with DEFI's today isn't nothing different from this. Scammers has infested the world of defi and there's nothing anyone can do to savage this happenings, any investment with these defi's projects should be research thoroughly before any investor make investment. At the beginning, i was a victim of these defi scam and have learned my humble lessons.
Nothing is happening to defi except the hype is gradually phasing out and soon a newer trend will come and take over, same thing happens to ico, ieo, sto, and now defi, i think defi popularity was similar to ico that brought lots of profit as well as loss, now people are not so crazy about defi like the past weeks have been, because of defi, uniswap had it's fame in the crypto space.
There is always a new next trend will comes out for sure since defi hype is fading these days. That’s what we observe that a lot of new in crypto space that turns out fading or the hype is over. Once they will make a new plan to catch some investors into defi projects it will boom in this industry. Let’s see what will happen next year about defi projects and the best thing to do is always do a proper research before we invest.
Nothing is happening to defi except the hype is gradually phasing out and soon a newer trend will come and take over, same thing happens to ico, ieo, sto, and now defi, i think defi popularity was similar to ico that brought lots of profit as well as loss, now people are not so crazy about defi like the past weeks have been, because of defi, uniswap had it's fame in the crypto space.
Although I have been with the cryptocurrency for a long time, I do not know the details about DeFi.
Of course I tried to find out but could not find out the details.
I would be very helpful if someone would please cooperate a little.
Because I want to know about DeFi.
Of course I tried to find out but could not find out the details.
I would be very helpful if someone would please cooperate a little.
Because I want to know about DeFi.
DeFi - ETH Financial Ecosystem (September 2019)
https://bitcointalksearch.org/topic/defi-eth-financial-ecosystem-september-2019-5198245
Be sure to read this book
https://landing.coingecko.com/how-to-defi/
"How To DeFi
Decentralized Finance (DeFi) is fast disrupting the traditional financial sector. How To DeFi is a must-read book for anyone looking to understand DeFi. It is packed with simple explanations and step-by-step guides to help you understand and get started in this fast-developing ecosystem."
Although I have been with the cryptocurrency for a long time, I do not know the details about DeFi.
Of course I tried to find out but could not find out the details.
I would be very helpful if someone would please cooperate a little.
Because I want to know about DeFi.
Of course I tried to find out but could not find out the details.
I would be very helpful if someone would please cooperate a little.
Because I want to know about DeFi.
Whatever is good online will always see negative outcomes as time goes on, ICO was bombarded with scammers in 2017 and everything went side ways after many investors lose money, same thing is happening with DeFi, Its clearly that DeFi isn't to be blame here, scammers and unqualified devs are to be blame, some developers can't defend decentralized Finance or make them safe because they aren't qualified to run a blockchain project in the first place, unfortunately since it's decentralized there is no way to involve regulations here
now too many "DEFI" project occur , and only take advantages by using name DEFI in their project. investors now should becarefull with this kind project because some of them already exit scam. analisys deeply will help us to identify which is fake project or real project that serious build their program.
Yes, but in-depth analysis will also not help investors much in identifying a project that is legitimate or not, because there are also projects that are scam in the middle of the road before their duration runs out, so now it is very difficult to find a truly genuine project.Sometimes the analysis of some bounty hunters is also not helpful for investors, so it will be difficult to find out which projects are really safe for investors, at least observers and bounty hunters can help analyze a project that is truly promising for the future, but the opposite is true. plunging into projects that do not have great potential in the future, actually this must be changed at a later date so that all investors and people are not trapped by fraudulent projects ...
Well, not everyone coming into the crypto world came with the same mindset. The same thing is applicable to DeFi, even centralized exchanges. I believe it boils down to investors generally, if investors refuse to feed these scammers I believe they will have a rethink without the big audience they are having now.
DeFi is just a trend in the crypto currency world, this is the same as ICO and IEO when they were launched,
I only suggest to be wise when joining the DeFi project, because scammers are still around.
Indeed, many frauds and money thefts have occurred at DeFi such as collapsing saffron finance, sushi swaps, compunder finance and others. that's why many investors are withdrawing their money on DeFi. even so, there is still hope for DeFi like Uniswap, YFI, Dia and the like. just look at the team behind it! I only suggest to be wise when joining the DeFi project, because scammers are still around.
I understand that there is a potential to be made here, and I understand there will be unwanted actors involved as well during this period, but we can't make defi be all about them neither. There are amazing defi projects that are awesome, and there are some that are not so awesome, we just have to figure out which ones are and which ones aren't the ones we need to invest and that's it.
If we end up talking about just the bad ones, we are going to make it sound like there is all bad people and scam projects and there are none that is good which will hurt us the most. Hence the idea would be to let the good ones known more and if you focus on them and shill them and promote them, people will pick up the good ones and everything will be better as well.
If we end up talking about just the bad ones, we are going to make it sound like there is all bad people and scam projects and there are none that is good which will hurt us the most. Hence the idea would be to let the good ones known more and if you focus on them and shill them and promote them, people will pick up the good ones and everything will be better as well.
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
It will take time for market to grow and mature meanwhile this type of people will continue to scam people. Also when we talk about DeFi I do not think there is need of so many projects in the market, only after few years with better adoption I see the need for more projects at the moment scammers are taking benefit of the open and unregulated system. 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
Until now, Defi is still popular, even many projects still use Defi to attract investors,
if it's still like this, it is likely that the DeFi Hype will disappear,
and who knows who will replace this Hype, it's interesting to watch.
if it's still like this, it is likely that the DeFi Hype will disappear,
and who knows who will replace this Hype, it's interesting to watch.
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
Scammers will always be around and always take advantage of what's trending. We know that the Defi trend is increasing. Many developers who create new projects by taking advantage of the Defi trend. But scammers also take advantage of this opportunity to take investors' money. This kind of thing is a risk that crypto investors must face. If you don't want to take risks, don't get into crypto. 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
Decentralization Finance is a good quality concept. Defi concept can be used to make a lot of good profit, but everyone is afraid to invest because of the many scam projects. Defi Namdari Many scam project investors are scamming money and some investors are creating fomo. But there are many defi projects that are giving their investors a good profit.
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
Crypto or the Defi can not change the activity of the bad actors you mentioned if the crypto investors, enthusiast, and traders don't improve their knowledge in knowing how scam project operate cause the scammer will always come back to abuse the benefit of cryptocurrency. However, the setting that we can blame is the DEX and CEX exchange that lists the scam project without putting the customer investment safety into consideration and this is the reason why I so much like coins that hold it offering through Binance. 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
Defi is currently becoming a new investment trend but deceives its victims a lot. Many kinds of new defi nowadays even like old projects are now being revived or even projects that failed last year are now using the Defi trend as their new startup project.
I agree that the popularity/hype of DeFi attracted many scammers and so on, but another question is, did it also attract good projects and trustworthy team? I believe the answer is yes but very little result. During the ICO era, there were massive scams, but even at that, it was still an era that many projects launched of which many of them are still around and constantly developing their products and services. Looking at the IEO era, although it is still much around, there were still scams although not as much as that of ICO, and as well, many good projects launched as well. Now coming down to the DeFi, good projects paved the way with good use case which generated enough hype and this hype then attracted all categories of developers, both the good ones and scammers; although Defi is very much around but its hype has dropped so much.
Now the reason for this brief write-up is to show that, at every phase, there are good projects and scam projects, hence it is our duty to try our best and make our own research. In addition, if another trend starts, give it time, scammers will also come in because the crypto space is so valuable and attractive, so it still brings us to, making our own research always before investing.
Now the reason for this brief write-up is to show that, at every phase, there are good projects and scam projects, hence it is our duty to try our best and make our own research. In addition, if another trend starts, give it time, scammers will also come in because the crypto space is so valuable and attractive, so it still brings us to, making our own research always before investing.
Defi is a good concept. But the price has pumped so much because of the excessive fomo created by Defi. But many scam projects have come and made Defi's name bad. Many scam projects have scammed their investors' money and now many investors are not believing in Defi. So the defi project is not pumping well anymore.
I've always noticed that the cryptocurrency industry is quite receptive to innovation and Defi was a great initiative. In my opinion, Defi projects performed very great this year and several persons made a whole of money from the project. I guess the project is getting worn out due to the inherent nature of the cryptocurrency space.
As much there were good profits for those early investors into defi's, there also was alot of investors that meet their deadlock. Defi was an innovative move from the world of cryptocurrency but becasue of humans greeds investors were scam serially according to some crypto news outlets. Sushi for example, got the most interest for cryptocurrency investors and later went wrongly with investors funds, defi project without good case use is a scam project. 
DEFI is not a ticker by the way, its just how they make it shorter.
Before Defi there were already bad actors in crypto. Even before the ICO there were already coin developers that will just create a coin just with its own blockchain and some algo which a CPU can take part in mining. Premine is somewhat considered a scam because the dev can dump it all and abandon the project afterwards.
This Defi will just give some project a time to shine and then when the market is all failing down, some of Defi project will live and some will just defi as scam.
After ICO's failed due to scam projects and million collected funds from investors by the scammer, now scammers using DeFi hype and doing projects for scamming with investors, and investors already lost their investment in DeFi projects. Uniswap is supporting them because they are making projects and doing pre-sale after that launching on Uniswap to add liquidity himself. Still, every investor should be aware of fake projects and don't invest in every project investor should research and invest.
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.
Several hypes that are based on scams? And also hacks? The problem is people tend to rush up anything that's bringing money that's why scammers are been empowered to keep on using DeFi to scam, DeFi isn't perfect and as lots of fixing to do but scammers don't even let us know where DeFi really stands, it's no bad that I don't want anything to do with DeFi 
many problems that occurred in DeFi made the price of Defi tokens even lower the price went down and resulted in a decrease in the hack has also occurred and it has affected everything making the price of the Defi coin lower and it is increasingly obvious that their system is not safe for investment because it has happened several times which makes the price of Defi tokens has fallen further and now almost dimmed and makes things even worse.
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.
we have to really do the analysis and have to be observant with projects that use the name deFI. because sometimes this is just their evil move. so the effort that is being made is to do a more accurate analysis and know the type of project in detail before joining as an investorhero member
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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.
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 researchMaybe it is not. But the existing trends will hard to reach new investors if they don't develop the projects to be better. The problem will still exist if people's minds only think about making fast money and not thinking about the future. The project itself will not feel confident to continue their plan because they get difficulty convincing the investors. But the dex will always be the traders' choice to trade, especially if they don't want to do KYC.
These bad actors perpetrate exit scams, right pulls, identity phishing(I have been a victim of this in a bounty campaign, unfortunately) etc.
Whenever there's new in the space bad actors and actresses will always be there to do something bad that's no news in the crypto sphere or even on traditional market. Though traditional now is something getting low more of this are now online as it wasn't that yet regulated yet especially crypto.If I were you try to be picky sometimes picking projects, bounty or always DYOR if you're trying into investing. DeFi will one day be surpassed but few ones will stay.
Everyone equates DeFi with the concept of "Farming" and "Yield". This has been popularized this way because of the poster boy of DeFi and his token. Andrje and YFI with his website yield.finance.
What Andre did was provide an easy way to move your tokens to the various lending and borrowing platforms and earn from the fees. Uniswap took this one step ahead. As usual, scammer got wind of the fact that people will throw money onto anything that promises returns. This is why DeFi has been taken over by HYIP schemes that come up with a medium post, discord, twitter shills and then disappear overnight after selling you their tokens on Uniswap.
This has overshadowed a lot of otherwise decent work being put in by developers and students/ practitioners of modern finance. The work is related to importing the products and investment opportunities available in traditional finance onto the blockchain and by utilizing the capital base of crypto enthusiasts.
In an ideal world, DeFi and the various "startups" would be semi-respected entities trying to make things work differently. Its kindda unfortunate that everything gets spoiled when it gets too democratized and easily available to everyone. ICOs and DeFi are prime examples.
What Andre did was provide an easy way to move your tokens to the various lending and borrowing platforms and earn from the fees. Uniswap took this one step ahead. As usual, scammer got wind of the fact that people will throw money onto anything that promises returns. This is why DeFi has been taken over by HYIP schemes that come up with a medium post, discord, twitter shills and then disappear overnight after selling you their tokens on Uniswap.
This has overshadowed a lot of otherwise decent work being put in by developers and students/ practitioners of modern finance. The work is related to importing the products and investment opportunities available in traditional finance onto the blockchain and by utilizing the capital base of crypto enthusiasts.
In an ideal world, DeFi and the various "startups" would be semi-respected entities trying to make things work differently. Its kindda unfortunate that everything gets spoiled when it gets too democratized and easily available to everyone. ICOs and DeFi are prime examples.
I doubt anyone who doesn't feel secure with DeFi feels any secure with anything else. I understand that we have grow up trusting the money we can hold, I understand you trust banks because everyone told you so, but so far every single thing you have seen that people trusted and community never questioned was less trustworthy than DeFi, you know why? Because it doesn't require trust at all, you do not have to trust it, there is nothing anyone can do to breach any trust or do any foul play here.
Hence, I think it is vitally important to realize that DeFi could be the biggest thing ever or maybe it will be gone in a week, nobody knows that but never question the motives of the creators by looking at the copy cats and scammers, those are two very different teams.
Hence, I think it is vitally important to realize that DeFi could be the biggest thing ever or maybe it will be gone in a week, nobody knows that but never question the motives of the creators by looking at the copy cats and scammers, those are two very different teams.
Scammers will always be there, especially now that Defi is getting so much hype so they will probably use it as an opportunity to delude others. Defi is a great opportunity when it comes to finances, but since scammers are also joining the hype, we just have to be careful when choosing a project. Unfortunately, we cannot get rid of scammers, but if we know how to avoid them and keep ourselves safe from scammers, then we can still enjoy the usefulness of Defi without getting scammed.
The DeFi hype has made many people take the opportunity to commit fraud with the DeFi project, just like the ICO hype that occurred in 2018. Now fraudsters are starting to divert their targets to ensnare investors who invest in the DeFi project and of course the very large turnover of money in DeFI is one of the factors that triggers fraud, and with the increasing number of frauds happening, of course the DeFi hype that is currently happening must be gradually will continue to fade so that in the end many Defi projects will die, just like what happened to the ICO project before the DeFi hype occurred.
I've always noticed that the cryptocurrency industry is quite receptive to innovation and Defi was a great initiative. In my opinion, Defi projects performed very great this year and several persons made a whole of money from the project. I guess the project is getting worn out due to the inherent nature of the cryptocurrency space.
YOu should know that Defi sector is board and can support different infrastructures. Ranging from liquidity services to prediction and also trading platform. truly, we can not dine the fact that it is slightly similar to the ICO era of 2017. but the different here is clear. the fundamental rules in crypto has always been investors knowing fully well what they are going into and not invest their entire funds but what they can loose.
Scammers will always be there, especially now that Defi is getting so much hype so they will probably use it as an opportunity to delude others. Defi is a great opportunity when it comes to finances, but since scammers are also joining the hype, we just have to be careful when choosing a project. Unfortunately, we cannot get rid of scammers, but if we know how to avoid them and keep ourselves safe from scammers, then we can still enjoy the usefulness of Defi without getting scammed.
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
One of the first articles about DEFI on the forum: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
https://bitcointalksearch.org/topic/defi-eth-financial-ecosystem-september-2019-5198245
Buddy, it's been a long time already, the Community has already gone through farming and now it's not hard to find good and underrated projects.
I have written many times that people want to make big profits, which is why they are faced with fraudulent projects.
I would simply like/love a crypto project if it's very decentralized, safe/secure, unique, very useful etc. If it fails to meet some of most important crypto standards such as Very Decentralized and Safe/Secure then I wouldn't like/love it nor invest in it.
These other crypto standards/features below help make any decentralized cryptocurrency safe and secure:
Full Transparency, Immutablity, Censorship resistant, Privacy/Anonymity, Permissionless/Trustlessness, based on right/proper rules, community-driven consensus, etc
These other crypto standards/features below help make any decentralized cryptocurrency safe and secure:
Full Transparency, Immutablity, Censorship resistant, Privacy/Anonymity, Permissionless/Trustlessness, based on right/proper rules, community-driven consensus, etc
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.
we have to really do the analysis and have to be observant with projects that use the name deFI. because sometimes this is just their evil move. so the effort that is being made is to do a more accurate analysis and know the type of project in detail before joining as an investor 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. 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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