Quote from: defi-Dany on Today at 08:54:44 AM

DeFi is a highly innovative field. New projects tend to explode within a minute, an opportunity that is hard to grasp with DYOR（Do Your Own Research ）.
Anyone can issue scams or air programs, and nothing can stop them. It’s not technically easy, but at the community level, we can talk to each other, identify common fraud patterns, and separate legitimate innovation from fraudulent fraud.
So, here are a few things to keep in mind:

1. What is the purpose of the project?
One thing you can ask is: is the project trying to do something innovative? Are they trying to boost the digital economy with their projects? How is it different from its competitors? Do they have a unique value proposition?
These are very simple, common-sense questions. However, by asking questions to the project side, you can block out some of the fraud.

2. Development Activities
DeFi is tied to the spirit of open source. So, if you know something about code, you can look at the project code.

3.Was the founder anonymous?
Note that not all projects led by anonymous teams are scams. Of course, there are many examples of legitimate projects created by anonymous teams. Still, you should consider the impact of team anonymity when evaluating a project.
So, in short, must the anonymous founder’s project be bad? Not Necessarily. Is it harder for anonymous founders’projects to be held accountable for malicious acts? That’s for sure.

4.How are tokens distributed?
There are many nuances to consider in a token allocation model. In many cases it is even difficult to obtain this information, which is itself a risk. However, this is a basic piece of information that you must have if you want to get a complete picture of the project.

Decent projects can turn scam too, remember humans are the developers not God so mind can be changed later on, this is why investing only what we can afford to lose is the best strategy here, anything can happen at any time