Some time ago Was kinda wondering how does people earn from farming! How lucrative, safe and benefiting farming could be Buh at same time I saw many DeFi platform being exploited and many even rug pulled and always many newbies complaining of not knowing how to find thier way through farming, due to it's complexity ! This was a red flag which made me stayed away not until I found $Near and it's farming & staking platforms.
You are probably giving too much credit to Near. Maybe give it more time before a a scammer builds an AMM and Yield Farming platform there.
Newbies are alsl complaining since they are still newbies. They do not know much and no newbie can navigate that easily even if it's on Near.
There are many established platforms on more popular chains. You just need to stay updated to their new pools for the highest APRs. Ref is giving out these high percentages as part of their marketing. They all go down sooner or later.
Hello mate!! I myself have been following up with the NEAR Protocol and with the little I have experienced I don't think the person that made this post over hyped NEAR I will say he said all he knows and is not up to half of the good percentage NEAR ecosystem offers.
What he said is a low key attack to other platforms as if those thing never happened or will never happen just because it's Near protocol.
For the newbies, it's a free world just because you see a project given much attention and credit doesn't mean is the best for you, before you jump In to something you need to DYOR so you don't end up regretting your act.
Your point is irrelevant to what we were discussing.
For ref.finance I think the pools are just there with some juicy rewards and they ain't forcing anyone to farm with them just DYOR and if it's worth it you go in.
Also irrelevant to the point that we're talking about.
For now all I can say is they haven't been any scam project launched on NEAR Protocol.
"For now"