This is what often happens in our crypto market. When a new trend is created, there will be quality projects, but besides, there are many scam projects. Oikos is also a form of Defi but Justin Sun has denied being behind Oikos's project. It was a sign of fraud, like YAM. So be careful, every investment needs a thorough analysis. Knowledge and experience are very important in times now. Good luck investing in your next projects.
Yeah! I agree with you! This is a common thing in the cryptocurrency market. Everytime a new trend comes up, there are a lot of good projects that benefit both developers and investors. However, when there is a hype in the market, it is also a good time for scammers to take advantages of! Therefore, be careful when you invest in any project especially DeFi projects!