Quote from: Henrytrust on September 14, 2020, 10:57:41 AM

I have a positive feeling about DEFI acting as a stimuli for the next substantial bull run. I recall in 2017, we had the ICO hype and several people got into the space to benefit from the opportunity which had a huge impact on the coin market capitalisation. This year has brought different activities which could serve as a catalyst, the ethereum 2.0, bitcoin halving, several ponzi schemes using smart contracts, the Defi hypes and others.

And expect a lot of users will be screwed after the DeFi hype. Right now, we are already seeing a lot of fake projects like the Y-defi projects. If you scrutinize this particular YFI project, I am wondering where they are getting their very high price in the market? No use case at all as all their services are in beta. How come traders are buying it at twice more than the price of bitcoin? Are we really that dumb to buy an empty project? And now because of their expensive price, a lot of scammers are copy-pasting their project and giving their project's name with Y-*** DeFi and holding fake airdrops.