I cashed out at near peak and made some nice moolahs, all in 5 days.
The DEFI technology is awesome and I bet will be a cornerstone in fintech.
However....
The whole issue here is "yield farming" and obvious scam like them sushi, sausage, pasta etc. is claiming thousand X returns, all of these with unaudited contracts etc. ..... sounds like the era of ICOs to me.
Bought sushis at 0.70 - 1.20 range from Bilaxy exchange and cashed out at around 9$.
Don't know if you heard but the Sushi dev apparently sold all his Sushi. There is a thread on twitter about it. He says he did it for the community however it looks like an exit scam to me. I think he made like $10 million dollars with about a week worth of work.
So I would becareful holding this token, today it looks like its -65% already and I won't be surprised if this ends up being another one of those -100% Defi token. So if you took some profits make sure to lock it in at least.
In general whenever something like this happens, its what usually ends up starting a bear market in the crypto market. Too much money is locked into this Defi and there are going to be too much investors that lose all their ETH.