Quote from: tsaroz on Today at 04:10:43 PM

Quote from: leea-1334 on Today at 04:00:12 PM

Quote from: rhomelmabini on Today at 09:55:57 AM

Exactly it's "hype". Well, I'd say we are on the brink of being crowded on the defi space and sooner or later we'll see scams involving defi. Scammers are looking now into this industry just like what happen way back 2017 with the crowded ICO on place. Just my opinion but my hunch tells me it will be the same as to this defi.

I have been saying this for many times now in many different threads,,, I do not see any good news when I read all the Defi things. To me this is just like gambling dapps on Ethereum,,, more sophisticated but the same people playing with money all around.

There were a bit of genuine interest on defi as they solve as well as automate a broad business that has been already established by central agencies. But the current increase in price of defi tokens are unnatural and unsustainable. I don't know the exact point but when compound finance issued their own token, the prices of every defi coins started to increase without taking in consideration of increase in transaction volume and use of these defi. It's a pure hype and a bubble which is going to burst soon.

That for sure will truly gets us to know what are the real value of this DeFi, right now I think those are overvalued. It's get listed on exchanges one after the other to get more hyped, though that a bad thing if you want to earn quick bucks but in the end if you are not paying attention this thing will gonna get you rekt.