I thought it was just an error since last 2 days but its website still what it is but empty, DNS is not even set.
Upon looking it up its just registered last month - 2020-07-21.
https://who.is/whois/paradefi.com Its a lending and borrowing platform like they said in thier medium articles.
the biggest risks of DeFi applications is,The smart contracts could be hacked.There could be a backdoor that allows someone to steal all of keys. What is the backup plan for this you have.Because we have to trust this and we need reason for that.
If they are going to be in a hurry to join the defi hype, there will be more risk. They better audit thier codes else it will end up like YAM.
While the DeFi movement has many fans, some traders dont think it will move the needle on cryptocurrency adoption.