Situation is changed now. Defi projects got huge successful, that's why Scammers already start launching fake defi tokens, so that to steal inbestors investment. Since last 2 months, I have seen lots of defi tokens but most of them ends with scam. those are spoiling the attractiveness of defi tokens. That is the reason, people should choice each new defi token carefully before investment
This mode will be repeated. Scammers will try to find opportunities from the market hysteria, which DeFi is currently dominating. Fraudsters will make fake projects with all kinds of tricks as if they are real, targeting new investors or people who panic because they missed the previous DeFi golden moment. So, the scammers target people who are less conscientious and panicked, you should do the best possible analysis before joining.
And it looks like Fomo Defi is over for now, or is it just taking a break and getting ready for even bigger bubbles.
In fact, if smart people take their chances they can get in and out quickly, of course with a profit.
it is greed and inexperience and inconsistency that keep most people failing.