Quote from: Sayeds56 on June 08, 2022, 05:01:58 AM

Quote from: pungopete468 on December 03, 2020, 02:49:30 PM

I've seen that most of the DeFi project doesn't turn out great unfortunately I wasn't able to invest at least to 1 DeFi since I think this could be risky, so where the DeFi headed to? We're not quite sure at all maybe soon we would be able to have something new.

The bubble of DEFIs created in 2020-2021 seems to be bursting now and Investors are in huge losses but I still believe it is not a failed idea, it should work because we all need handsome passive income beside active income to meet rising expenses of daily life. The idea is great but it has to be monitored by regulatory authority to make it less risky, protect it from scammers. The 2nd issue is your funds are not insured in case of or theft and exit scam. In my opinion centralized platforms have better future because they have better functionality and properly secured though it contradicts with the idea of De-centralization.

https://changelly.com/blog/defi-fail/

DeFi looks more like a bubble. The way it has created it's position in the market and it's user adoption makes it more valuable and demandable than any other application related to crypto. Defi adoption begun in 2021 and it still as much preferable as it was before. Though government don't want to promote defi adoption due to regulatory complexity but it's too late for them to prevent the adoption.