Post
Topic
Board Speculation (Altcoins)
Re: The YFXXX DeFi keeps increasing?
by
LbtalkL
on 03/09/2020, 04:30:17 UTC
Don't get caught up in the project that starts with YFXXX, if we enter the project, we are only victims of pump n dump and it will make us lose. and never invest without first researching, do not prioritize our emotional desire to get money easily. be thorough before investing.
Now we see only a strong pump of such coins. now the market is have a small correction and after it there will be a new wave of growth. now you can buy a lot of promising coins
The pump has already ended and Y coins have been facing another big down trend.

Since the awareness that created by CZ has already published on his twitter and that makes so many people were leaving the Y project with non sense APY.

You can't sure about the new wave consider the hype for the finance coin is end and we will not see that happen again in the future. Kimchi, sushi, yuno, yfis and many shit finance coins were dumped to the bottom.

Im also seeing the new Y projects too, recently there are some new Y project have started to be traded on uniswap and ithose are SYFI, YFIB, Wallnut. This is just like a ponzi chain.

You mean this tweet?



Even CZ is not a fan of this super high yield returns, it looks temping but it is super risky, a new created project offering something huge and will lockup your funds for several months. This trend is going crazy I have also seen this sushi listed on binance and this kimchi I saw it uniswap this is crazy, a food defi lol. People just wanna earn a quick buck by just copying another project. I agree it looks like a ponzi, e defi ponzi  I guess?  Cheesy But we can't deny the facts that there are decent finance coins for sure binance made a verification before listing it but still the risk is always there.