Cold Hard Truth About DeFi
My honest opinion when investing in DeFi.
Disclaimer: I am not a financial advisor. The content for this article is purely for educational/research purposes only and is merely based on my personal opinions.
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Witnessing the market crash, Swapnex scam and UST/Luna crash has made me realise that the DeFi world is indeed a very dangerous place for investors where anything can happen. A good and reliable project can crash and fail instantly while high-risk projects can last surprisingly long. This article will share my thoughts after investing in so many DeFi projects.
Is all about the HYPE.
The success of a DeFi project is all about the hype it can bring, the more hype the project, the more “successfully” it can be. Because the market is saturated by so many DeFi projects, it does make sense that these projects have to stand out from the rest, each trying to make themselves unique by offering higher APY, different designs, or having different revenue models. Not to mention that these hype up projects require some form of ponzinomic factor in order to keep the project running…
