With projects like Hotdog coin and the likes doing the rounds, the whole DeFi craze is beginning to look and smell a lot like the ICO bubble a few years ago. Although, i feel that their own acceptance of how ridiculous and scammy it all is is ironically adding to their appeal.
Why do you think this is happening?
I have considered DeFi to be a solution to the banking challenges we have long eexperienced in the banking space and all of its solutions existing on a trustless system gives even more confidence, Hence, the DeFi space is a necessity that must not be overlooked but at the hype the industry currently has on DeFi and also the pumps and dumps ongoing, I am forced to say, not everyone truely understands the DeFi solution approach. People should revisit the DeFi idea in order not to send a wrong message to the world.