Post
Topic
Board Altcoin Discussion
Re: Where DeFi is headed
by
Cryptoangel01
on 04/12/2020, 10:01:33 UTC
DeFi is still more like a failed experiment, 80% of DeFi projects are unreliable, they have weak security and they are more hack friendly, they claim to be decentralized but instead they aren't showing any decentralized motives, the only DeFi projects I trust are not up to five and I choose those DeFi projects because they are more than just DeFi like many new DeFi projects so far, I don't care much about where DeFi is headed, I'm just going to keep picking the good eggs out from the bad eggs, hopeful in future DeFi projects will actually become fully decentralized and more secured

DeFi like all good investments have its good products and there is the terrible ones. Rightfully the "DeFi" masquerading around as the best new type of blockchain Fintech in the last DeFi bull run were empty balloons with only hot air. Many got security breaches, making many newbie investors with greedy eyes for big farming ROI loosing huge amount of monies. It was simple for me, sticking only with the best kind, the kind that have got products, income generating streams and active development (always ongoing) not rug pulls and scammy attempts at "making my own banks" check out Earnbet , not your regular kind of DeFi, only an aspect of it, it's token mining mechanism, like playing games for BET tokens and monthly returns on staked BET, but overall active developments of this project is what a regular DeFi should be.