You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and few others, my advice is to be extremely picky after doing research
You are right on your take, the market now on DeFi is diluted by bad actors, you need to understand first how DeFi works and be sure that their contract is verified and under scrutiny, this is decetralized market everything relies on the contract and the reputation of the team that manages it so always be on alert.