I agree, not all the projects are bad. It's about analyzing the projects and make sure they are transparent about their operation. I have staked BUSD in MYSTFinance for about 30 days now and been earning a solid 0.5% daily without any issues. Not promoting them and always #DYOR but just sharing a project I strongly feel about.
Of course, not all new projects are bad. but to be able to analyze projects and make sure they are transparent is very difficult because recently there have been many new projects offering good concepts and creating teams that appear to be transparent but in the end, they disappear after getting money from investors.
Looks like never ending loop for crypto investors, we make nice stack of altcoins buying cheap during bear market season then keep investing in the new projects. At the end of month, something happens and devs decide not to continue with this project or even they try to scam investors. That is simply not acceptable but lack of regulation makes it much possible, why they should afraid of being scammer. This is how majority of projects exist nowadays.