Post
Topic
Board Speculation (Altcoins)
Re: The YFXXX DeFi keeps increasing?
by
batang_bitcoin
on 03/09/2020, 08:20:35 UTC
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.
These foods defi hype is on and there's one project that I've seen and named, 'Hotdog'. And you know what? they've worned out and showed the true of what they really are, just look how much dumped happened to this coin. From $4,000 down to $1 within a few minutes, real quick.
DeFi meme coin Hotdog dumps 99.9% in hours after launch
$4000 To $1 In 5 Minutes: DeFi HOTDOG and Pizza Present Free Fall on Their First Day