Post
Topic
Board Economics
Re: Is it the new crypto scam hiding in wait?
by
Darker45
on 13/08/2020, 01:42:38 UTC
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.

Not soon but right now. But it is not just scams that should be avoided with the DeFi hype. As early as this stage, DeFi has been assessed as overvalued and even compared to the ICO bubble a few years ago. Moreover, echoing Vitalik, there is also the risk involved in smart contracts so it is best to moderate DeFi investments and keep life savings away from it.

However, with much potential, albeit hugely unmet yet, DeFi could indeed earn a juicy spot in the world of modern finance.