The Defi market is on fire but besides of this development, we shouldn't take our guards down while investing in cryptocurrency. because Defi is not exempted from scams and fraudulent activities because bad actors are always lurking around and patiently await the right time to strike its victims, I hope Yam token would serve as an example.
There are a lot of Defi projects popping up every day and if you don't research carefully, you will easily lose money when participating. I am investing in a lot of new projects every day and if there is a profit I will sell immediately because we don't know what's behind the project. One way or another, you need to secure your investment and consider it carefully when making a decision.