There are many projects with the same idea, but I don't think it's a problem ... as long as the products offered are different ...
Yeah there are many other project, but copy paste? It's a despicable act, that's a problem even bigger if you got catch while doing it. On this forum when you got catch in doing such thing, you'll lose trust from the other people, they even won't be glancing at your project.
I have no problem with same idea as most blockchain projects are based on existing platforms. What the problem here is that they copy word for word and not citing the resources. This is the reason why users are not happy about this situation. Maybe he doesn't know the meaning of plagiarism here.
But on the other note, hunters or potential investors should know better. Their site is not yet up and I am certain if they will publish their site, all the services that they mentioned will be in beta. Just like many other Y-defi projects. Beta stage forever but raking money in uniswap. I don't understand how gullible people are for patronizing this kind of crap.