My knowledge about DeFi was very poor. After reading this tutorial, I got a lot of ideas about DeFi. But one thing is not clear to me. You call DeFi a
trustless ecosystem.
trustless ecosystem of financial applications / services based on public blockchains, predominantly Ethereum.
So why is everyone running after this trustless ecosystem?
As my understanding.
1. Maybe because defi's dev team usually anon. Means, Investors risk of losing their money will be even wider. (example,
https://cointelegraph.com/news/another-defi-exit-scam-just-made-off-with-20m-in-investor-funds)
2. Possibility of a price dump (like sushi).
So why is everyone running after this trustless ecosystem?
1. Fomo
2. Hopium
3. Unique ecosystem.
defi made a surprise and attracted many investors due to YFI. New Defi's project at least expected to (at least) match with YFI price. Imo, number 1 & 2 are the main priorities.
Btw, i'm not saying all defi projects is bad.