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?
what are you expecting ? As long as the project is asking for investment whatever good they promise they are they will failed soon and investors will lost investing in it. They are just using a new ideas to grab new investors that willing to take the risk but if you will look at it carefully its almost the same as what ICO we have before they are just changing the ideas and name of the project they want to offer but its almost the same.