With projects like Hotdog coin and the likes doing the rounds, the whole DeFi craze is beginning to look and smell a lot like the ICO bubble a few years ago. Although, i feel that their own acceptance of how ridiculous and scammy it all is is ironically adding to their appeal.
Why do you think this is happening?
It amazes me to see many projects hide under the DeFi cloak but without any tangible innovation or contribution to the DeFi ecosystem. What fuela interest in such projects is investor's greed and fear of missing out of the next big thing. Nevertheless, we still have lot of ground to cover in DeFi and only innovative blockchain solutions can take DeFi to the next level of mainstream adoption.