Quote from: bigcash2011 on Today at 02:40:19 PM

Quote from: Phoenix_PROG on August 13, 2020, 09:39:23 AM

Be suspicious of any projects that just decide to implement DeFi all of a sudden when DeFi wasn't implemented in the project's features from the beginning, this is nothing but a way to take advantage of DeFi Hypes going on nowadays, if you are a deep crypto fan like myself you should be seeing few old projects that aren't DeFi from birth and start talking about implementing DeFi feature, I'm 100% against this act as it's unclean and dangerous

Although we should be careful around all this defi craze but if a project is legit and you are confident about it then there is no harm in using this trend as this will benefit the investors and community as well and for this if the project modifies or adds new products it will also be good for the project in the long run.

Quite a lot of analysts on the network claim that today many new projects are tying DeFi to themselves, having nothing technical to do with it. This could possibly be the next wave of scams, as DeFi is very attractive to investors and scammers are taking advantage of it. Even if the project is legitimate but uses the DeFi prefix with deception, then this is clearly wrong. It may be necessary to identify and counteract such commands according to certain criteria.