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Developers should stop taking investors as fools, you cooked your project up to your taste and everything seem fine enough but because you are too greedy and can't take your eye off DeFi success you decide to switch your project to DeFi. Seriously are investors stupid enough to go along with your obvious trick? To all developers who are doing this, it's a complete slap to your faces, you guys should be ashamed of yourselves.

I think, not all developer like that developer greedy not only from defi now but has long been so investors drained and yielding profit from invest is old, defi dont have to start now but the way you described developer greedy globally according to i am wrong because it in crypto brilliant and very risky we have to do research be smart

It's an obvious fact that some developers are greedy and only concerned about making the most out of every opportunity. But I still believe that there are some who are selfless and genuinely concerned about the project development. They could even choose to include some Defi features into their tokens to make it more attractive to investors.

This should be a sure read signal for insincerity and scam. If you witness this kind of switch, you should know that the project lacks focus and that is the reason they would jump from one idea to another. Investing on such project will end in pain because the coin might not be listed or you get a shit project eventually.

Cant blame them though. As I reckoned, most of these project turning their own to defi means they already at a stage to revive their project even its means a changes of concept and additional features. We can see clearly that defi hits the market and every investors out there are fully hooked with its hype.

But to be honest, they should feel ashamed like they focus is to gain attention even the method is already force action to create something about defi.

I didn't even think if they will stop it when investors are still become very harsh to believe the awareness that has already created. I have told them all so many times but they are still believing on the crap project that created by the scam developers that much more greedy than the bankers.

What you can do to stop the scam developers to create more and more scam coins when investors know how to avoid to bed on the scam coins.
If that will not work not work and the scammers will always create scam coins.

It takes two to tango, if there are no investors that just invest without doing any investigations and unfortunately fall for the developers trick then this will not end, it's going to be cyclical, cause and effect. So what lessons do we learn? don't be a stupid investors, do your own research and probably when there are no dumb investors, maybe we can see crypto sphere improving that much.

Exactly! There are scammers because there are users that continuously patronize these projects. If there will be no naive investors, this DeFi hype will die down naturally. Just like ICOs, since projects can't raise anymore money from this crowdsourcing because they can only get to small number of investors to none, you will find very few ICO projects nowadays. So once people realized that this DeFi hype is just another scam in the making, sooner or later, this hype will soon disappear.

Yes, chasing the hype and fomo of the defi trend is not good especially when a project was initially planned to be something else.
I think community here should name such projects and list here for people to know about the projects taking advantage of the sitiation.

Yup, greed is everywhere, believe me now new projects are popping up so quickly and the shocking thing is that they are selling their tokens without even a whitepaper and website, the situation just shows the craziness in the market, people are just after buying to get quick profits and they are not even bothering to check the authenticity of the project at the moment.

it's no use. developers like that will always exist. what's even more saddening is the fact that some people are still buying their tokens so they keep making more money from fools. stop feeding them and they'll die, that's the only way.

If greedy developers are becoming unstoppable, and so with fool investors too. People keep on buying tokens even without making a background check on it and so they end up losing. This cannot be stopped easily because greediness of a person will always be present and once people keep on feeding them, they'll surely continue their wrong doings.

when I see that an existing project starts talking about the transition or implementation of Defi, I feel it as a scam or an opportunity to draw attention to their project.

It seems that another very big problem awaits us all due to DeFi projects, as it was a few years ago with ICO projects. In addition, the excessive inflation of DeFi tokens has become very noticeable today, and the fraudulent actions of some of the developers, which you have already mentioned, can greatly harm the industry or destroy all trust in decentralized finance altogether.

What do you expect, it's one way of many to raise awareness and they want to onboard into the DeFi hype train it's just like this in every aspect of business. That may be greedy indeed in the eyes of many people
but a failing project that has no fund raised is as good as nonexistent. Although I hope that the devs will think twice before making such transition and stick with their ideal because that's what make a project unique.

Developers who jumped into the wagon of DeFi are those who wanted to take advantage of the current trend thinking that the project will cater interest and have more value.  Little that they know it is the accomplishment of the project developer to deliver the roadmap is the most important part. 

For me shifting to trending stuff like DeFi is just like a money-grabbing act of the project developers.

Investors are not so stupid to follow the obvious scam project but when you were asking them all directly and they will say they wanna try to make instant bucks from their money and that's why they were taking the super high risk project like ponzi finance project. You can't call them who created those scam ponzi as the developers but they are all scammers.

They know what they have already created and their intention to grab money.

I was surprised yesterday to see one project which aimed to use blockchain technology to foster education, so that educations documents and materials can be stored on the blockchain which is immutable, to start mentioning DEFI on all tweets and medium articles just to cash up with the hype. I really like the DEFI concept but most developers are abusing it, how can a project focused on education or sports switch to DEFI? Let's be careful please.

They are only thinking how to make money but they don't have any good ideas how they can make their project to be successful  in long term.
They are only thinking for short term goals and their  target is those greedy persons that also looking for short term investment that they can make them rich. We should stop supporting a project that only looking for money, investors should always think before supporting any one of it. in that case those greedy developer Will stop making it if there are no more people would be invested for th project they want to create.

I think so too. A developer shouldn't be that unstable and always changing mind like that. They are responsible for what they offer in their whitepaper and whitepaper should only include finalized idea of what they are proposing not switching around just because the other side is greener. This also shows a sign that the developer don't even consider their project good enough to be invested so why should people bother invest to that project.

I don't think they are stupid for that, it's just that they don't know much about that kind of developer, if only they knew that the developer was useless, then those people you call stupid wouldn't buy that useless token.

Look at this from the Dev's side.
The Defi space is where the focus and capital is going.  If you can take your project and put it there it is more likely to be successful.

This is like running behind where the success or money seems to be. Its more like following the trend and out of those developers many would want just to make short term quick profits and will make money and will go away. They are not the ones who would want probably their coins to exists for say couple of years or more. And just in between if Defi goes down so they also will again move out of it and will change their mind again for sure.

I was feeling the same and if you look at the bounty section as well there you will see a lot of projects suddenly started using defi alongside their campaign to lure more and more people to participate. It is certainly strange and just goes to show that people behind these projects want to cash in from defi trend.

It's a smart move for developers not only for their business but also the their supporters who stick with them, it's a marketing strategy to be noticed. The trend is to follow what the market is asking or in demand. It's up to us if we will follow them and be trap. Always study the flow and history of projects to know whether we should invest in them or not, it's still our decision matter so do not be deceive always study before investing.

I also think greedy investors are being harmed by greedy developers. Currently, seeing the hype in DEFI, many greedy developers are promoting non-DEFI projects as DEFI projects in the hope of making more profit besides real DEFI projects; These projects will be lost for a while. In this, some foolish, greedy investors are losing their resources to the investors without realizing it and without any verification in the hope of making quick profit. I think if investors invest consciously without being too greedy then greedy developers will run away from the market for a while.

I have debate with some investors that have suffered a huge loss in the telegram group these days and I just get their answer and they said that even if they were suffering huge loses and that's their money and they can do what even they wanna do. that makes me a bit surprise about that.

from here I can way they were not stupid enough to be fooled by scammers but their emotional can't be controlled even they have faced the worst situation.

I don't think you can blame the developers, it is what the people want, why shoot a movie people are not interested in, see Binance, they have started calling themselves a DEFI project, so if they can do that, I don't think any project need to stop branding themselves a DEFI project. There would be a time that the DEFI branding won't work again

Defi is so hype, create a project right now and put a finance to it, I am sure that it is going to be flooded by investors. Even shit projects or meme projects are getting 100-300eth in an instant! The money right now is on Defi and people are going to go for it, many developers right now are making a ton of money by developing shit and selling it to the public. Like it or hate it, there's an easy money for Defi projects, but also, the scams are everywhere.

Yield farming projects are getting out of control, everyday there's new, and every weeks there's 1 that is going down.

When a large exchange like Binance started calling itself an exchange that had full support for the DeFi project it was certain that this project would not be kidding, because I found out that the CEO of Binance has a very high level of analysis and can have a strong influence on price movements. all cryptocurrencies in existence.

That's just the truth, you nailed it. Follow the trend they will say, but a careful look will show that the developers doing such are only doing it to fill their pockets. To make it worst many projects are actually switching their ideas in such a way that it will display one Defi features or the other, then makes me wonder what will happen when the Defi hype/trend comes to an end and another trend starts, what will they do then?. Also, on the other hand, the investors following such projects are hardly doing it for the love of the project or whatever the developers are cooking up, but instead they are following to ride the hype, make their own gains and dump the project because I do not think any wise investor will stick to such project till the end.

Exactly mate, There is no doubt that DeFi projects have received a huge response in the crypto market over the last few months. People are always looking at hype and spending a lot of money on hype. So far, as many hype projects are coming in the market, many have become rich by joining those projects and many have become destitute, you will never know when the hype will end.

As if they care what you think about them. They are shameless. They aren't like "us". They don't care if others lose their money as long as they make their profit by scamming.
Too a bad people still encourages those scammers by investing in those projects to try out their luck. Seeing others invest in those projects, naive users also end up investing (they themselves are to be blamed though).
It is not only the developers that are greedy, investors are also greedy!

I kind of do understand their situation. There are so many gullible people that is willing to give you millions of dollars without you actually working for it, and suddenly you are expecting them to actually stop taking money? Obviously they will continue to ask for money, which will not be easy for the investors but it will not stop until investors realize that they can't just jump into any hype they see, that is not how it works.

We have seen DeFi got a lot of attention lately right? I understand it, there were early ones that just got the name out, there were middle ones that got super high and allowed people to make a profit, after that early ones started to get some attention and made people profit, now everyone thinks DeFi makes money, but how about creators who saw this? They will make fake ones to just get money as well, you have to be careful.

The same thing happened in ICO back 2017 & 18. They tried to create fake projects and wanted to scam people's money. In this case, Experienced investors who know how to find out fake & legit projects they were safe. But new crypto investors were scammed. Now scammer targeting Defi projects. Shamed on those shit scammers but one thing to keep in mind before investment try to find out is this project is legit or scam. Also, they can check scam accusation, there Reputed and well known Forum members find out the scam project and warn the investors and forum peoples.

I'm starting to believe this defi trend is a bubble that will eventually pup someday.. even cz has warned about it in his tweet some days back.. to many defi shit going on off recent

Most certainly this is the work of gread mate, if not how can a developer make all the necessary preparation for a project and how it will be successful then suddenly they decide to switch to defi and undermining all the before preparation they already made, how those defi now feat in the roadmap and future development of the project! Apparently any project that does this are just in for the quick money and should be avoided.

Not only developers. Even some projects are doing so. Most projects just suddenly switch to DeFi.. I was also wondering why some project that doesn't have DeFi as their plan just suddenly switch to DeFi and start to bring another kind of topic entirely about their projects. They truly deserve kick on their faces

Greed is what everybody who had gone than the drain in the crypo world just like curiosity killed the cat.
The act of switching as a result of greed is a show they that they never believed in what they offered to develop in the first place.

They will not stop until it ceases to make a profit, at the moment it is a simple and working method, why should they give it up ?

It is not for us to tell project developers how to position and promote their project. If you don't like something, you can always avoid investing in this project.
In 2017, there were also many different ISOS that carried out projects that do not need blockchain for implementation. However, these projects on the wave of hype collected tens of millions of dollars.

They made several projects named with different foods and delicacies. Spaghetting, hotdog, sushi, noodles, walnut and many more. They are making the investors invest to funny projects without any clue what it is.
Developers of these type of projects won't care to the concerned people of the community. All they want is to earn from investors.

what I hate in the current DeFi season is that many DeFi projects have successfully expanded by making other projects, but the problem is they made more than four projects and it also seems like they are trying to make new projects again, this is too greedy and dangerous because if they don't can focus on all the development of the project, there must be one of them that will become a dead project.

This is mostly the truth, many but not all, use DeFi like a magnet to gather investors. Most projects were not good enough to have a sustainable idea or plans for their project in the future. Like the ICO madness in 2017, only the good and sustainable projects will survive in the long run and will provide big profits for investors.

This is too common now, good percentage of projects are now adding an addendum to their whitepaper by introducing DeFi due to the success experienced this year. Some even derail from their initial concept and went fully into DeFi solution. Copycat will not last long but only those who have the original concept.

Agree with you, those who are insisting to incorporate defi will surely will be compromised. What if defi hype gone, maybe they will remove their feature of defi again and add whats gonna be the trend on coming years.

If you noticed the copy cats they are the one that keep pushing on thr idea of defi by showing enormous changes on their website, whitepaper and even creating additional feature to a complete set up platform.

Isn't it true that a product must follow the development of market demand? but their original product must still be consistent. may only be the operating system being updated, but their product should still run normally. I think there are still many projects that are consistent with what they made from scratch. but to attract the market I think it needs some updates that are currently busy in the market.

These guys only want one thing even before starting their projects, they want to earn. They see DeFi gaining a lot of hype, ofcourse they were going to jump ship. It just sucks for the investors who actually believed in them tho.

Actually this is right. If we wanted to have a healthy crypto trading all the defi wannabe must be avoided only support the real defi projects. That are gonna give the community the value and quality of services they have. Too many shitcoins have been out and mostly of them are just created to earn profits.

Can I know the name of the project that switch to DeFi?
I can't say that this is greedy, what we should do is see their past development if we see their develop the project good enough in past so maybe they just see a new opportunity to make the project more famous.
It's different if the project development in the past was very bad, so the developer hopes to get more money because they are greedy and are not satisfied with money they got before, you should stay away from the project.

You can't really do anything about that especially if you're just the "investors". Devs could make anything that suits their taste at anytime. I mean like, with all these DeFi projects that were trying to become successful just like the other projects, but when it turned out to be a failed projects and all, we can't do anything. Not all the so called DeFis are good and there are more of them that were quite bad. Their sole purpose is to earn more money through their investors.

how can you deny the idea that even Non Defi project is now seeking to be one?
and they will do anything just to be with the Pump and popularity.
This is the problem if the developer is not only greed but liar as well because everything will be done for money.
We are talking profit here so whatever it takes Greed team will always grab opportunity specially now that this Defi thing is really making some noise and really Money.

We are called investors only to show our importance to ourselves. We are not really investors, because we can't influence developers ' decisions in any way.
In normal life, investors can always influence project developers.

I consider this transition a good and a bad thing at the same time.

A bad thing, because of what you mentioned above.

A good thing because some of the projects in the space were even dead or floating around with no vision, and DeFi is a catalyst for them.

Those developers are not just switching because of the hype, maybe they see a good potential and that is for you to find out as well if that move is worth it or that project will soon become a scam project or a shitcoin. I don't see much changes on this one especially if the developers do nothing but just copy the system of many project, I just don't give much time to a shit project and only focus on the real one.

It's common even some of the utility token projects that are normally using smart contracts are switching to others because of the huge transaction fee of eth it's not because of the hype it's also for the good rather than staying, and we can't blame them because other investors are also preferring Defi over other projects maybe because of the potential and not on the hype.

Somehow some projects like DEX switching to DEFI is also reasonable. Its the only way they can also compete the ones who are leading the way to headstart this bullrun. Staying as it will not make them money and I guess whose investors I guess will also benefit from it.

Utility tokens however seem not fair to switch to Defi. I think this thread meant for these projects which the developers are just up to make money and then probably abandon the project after the hype. Its the road to self destruction.

It would be very surprising if the developers did not want to make money. They create their own project first of all to earn money themselves, and only then to let their investors earn money. Therefore, when looking for a good project, look for developers who set great ambitions so that they can earn both themselves and others enough.

I would definitely agree to you not only the investors are being fooled by this greedy crypto developer but also the bounty hunter which so happen that I was once experience this fooling of many developer several times. We bounty hunters gave our full effort and time just to promote and give to them what they are looking for us to do but in the end it will turns out to be a bogus and fake reward to all our hardworks. Hope that the crypto society can generate and regulate this matter to avoid another circumstances like this.

This kind of people are the reason why many investors left cryptocurrency world.
Developers should not using the hype moment to steal people's money with their scam project.
No need to turn the project into a defi project, just stay at the track of the plan will bring the project to success.

+1

The reason why many people are leaving in crypto industry. There are many projects that only want to hype the crowd. Scammers always take an opportunity to get some funds to the investors by using the name of crypto or even the trend in cryptocurrency. Scammers poison the mind of the people. They are pushing every investor to stay away at crypto investment. In result, most of the real projects are dying because there are many investors who leave in crypto space.

People can blame only themselfs in this. they don't want to become smart investors, they just come here to get quick profit. this greed is the reason for the existence of all scammers

All for the sake of money. Now there are almost no developers who want to create a good and popular product. Now there are only those who want to earn more money with minimal effort. Therefore, developers come up with various reasons to refer to themselves as decentralized Finance. This should be treated calmly. And projects for investment need to be selected very carefully and carefully.

Those that fall in this category most are the projects that just laugh all of a sudden. Most especially when you check their GitHub, you would notice that they are just recent projects. If you check the GitHub of the real, serious and meaningful projects, development would have started a long time ago.

Most of all these developers are in only for the money, they will do anything just to make sure they bag as much money as possible. I think this is the best time for investors to keep their eyes wide open and stop investing in scam projects.

It was sad but unfortunately, people keep believing that they can still make money out of them. I know that not all have of the same intentions but knowing that only a few of them give what the investors must have to expect with and being consistent with what they have promised, it makes us be careful in choosing the project for investment.

The most disgusting thing to see now is that many exchanges tried to manipulate the market volume in order to attract investors. This will emphasize that money is important for them than reputation, and this actually ruining crypto in general.

If DeFi really is an amazing new technology and the way of the future than projects that can be switched should be switched?  The money from investment is not just a plus but also indicative of where the future is.

The market can be used as a compass to point developers in the right direction.  A compass is very valuable in the wilderness of crypto.

Its really simple, if people stop buying it developers will stop doing it.  With their being a somewhat gold rush in the defi projects people are moving towards that.  And then next craze you can be sure developers will be gearing towards that as well.

developers can easily abuse crypto concepts to take advantage of the gross. especially regarding DEFi, after seeing the hot spike in the price of the Defi coin made most developers revive their projects, implement the DEFI system and even developers create new projects using the concept of DEFI again.

Now many old projects have failed to try again to revive their project with a new concept and use the DEFI system, but projects like that are very worthy to be aware of because this could be a cover for them to commit fraud because projects that has failed are of course, there were mistakes they had done in the past so that it discouraged investors from investing in this project.
I think we have to be careful in choosing a project for investment and don't be easily tempted by a defi project because it could be just a scam.

The more educated and wise the investors the better and more high quality the projects will be that exist.  Defi or not.

I agree with you that was the point I was making.  As long as people are buying there will be developers that will be making them or converting over to whatever people are buying.  Greed fuels the crypto bs

DeFi is now an investment trend that many people believe and I'm sure many big projects will still attract a lot of big investors in the near future.

I believe with what's going on this is a good time for you to search for some cheap coins as I know a lot of good DeFi projects in the meantime. However, careful consideration is required as there will always be risks in these investments.

Projects turn to DEFI to keep up with trends and make people more interested in their projects. It is like a way out of the price decline. If they have the infrastructure to move to DEFI, they should.
Currently, many projects tend to shift to DEFI. That proves weakness in the project's concept and development. If they are good enough they will go to the end, fulfilling their goals.

They are riding with the market hypes as long as they can generate profits, they're never cared with anything but just to earned with investors money, moving to this platform is not nature to this developers they're just doing for the sake of profits.



That's right! If they've got a good concepts and real usages they'll stick to whatever platform that they'll originally being offered. This really helps to understand how the team are prepared to the competition around the market.

It is more about the need to WIN these days, than it is about the money. Every developer wants to be at the sharp end of innovation and currently Defi is the trending products. It will not for example help them if they are developing software for say Netscape Navigator (1995) ...when everyone is using Microsoft Edge or Chrome or Firefox.  ::)

It will also boost their CV, if they were involved with a project that was very successful, no matter how controversial it might be. They would have some kind of excuse why they were involved with the project at the time. (Saying that it was before they knew it was a scam)  ::)

some were successful because the hype generated by current defi was very high.
however the recent few days have not been so good due to the downturn in market conditions, but will definitely still hype new projects and only in small numbers.actually this is a good opportunity to make a profit but you have to be careful because it can end at any time.

Their mistakes are actually very small even though the effect is very large, namely "not having time to do research on the project" that's all the mistakes that cause harm to them, so this is certainly a very valuable lesson for everyone so that in the future they must always prioritize research in looking for profit.

In essence, investors need to be even more careful now. because without any investors, be it ico, Ieo, or DeFi, it will never go far if there are no funds. therefore, before starting the project, must go through a thorough analysis. in this case, the two parties are not to blame. investors, they sometimes don't know the end of developing the project. Meanwhile, for developers, sometimes they change their mind along the way, or maybe they want a bigger profit but in an incorrect way.

Not having time to do research on the project is grave mistake and not small one, imagine buying stuff but you never check it out whether it's the real deal or fake but after you received the stuff and got the fake one you complain why it's fake. Everyone want the real deal which is profit and they should do some research to get that not just throwing around their money mindlessly. Though, I do not blame the investors because some people might just don't have time to do that or being blinded by greedines, all the blame should be on those scammers who created the scam project in the first place and trying every way to convince people into throwing their money on their project.

I would agree that even in the cryptocurrency ecosystem, greed is slowly creeping into the mind of the developers and that they always come up with ways to scam people. We had seen many projects are being created like crazy and that the investors are easily tricked at the same time with their antics. I would definitely tell people to be very careful when it comes to the checking if the project is legitimate and that we should be always be wary in checking their authenticity.

That's exactly what greedy developers are looking for , gullible and naive investors. Be very very thorough before investing a  project . Having said that not all projects who implement sefinare bad.

it was like they are a perfect tandem  eh ? but its only sad because there are investors that arent clasified as that but they accidentaly fell on those trap . we are just a human and we cannot avoid all errors  .

greedy devs you mean ? not all investors were like that but good thing that there were still investors that are passionate to thier talent  . all they only want is to showcase it or to help without minding how much return they will get  .  devs creating defi projects does not mean that they are already greedy but who knows they are also curious and wants to test how it works  .

Not all developers are greedy but we can't deny the fact that most developers would bring up their projects just to gain more opportunities. It is true that greed is everywhere especially in the crypto world but it's still our responsibility to choose the right and legit projects with good developers.

Why not talking at their self first before spitting it to the others. They are also greedy developers who never think about the benefits of everyone but just their own. That is why all their project never succeeds because of a reason and the reason that they are worthless. People blindly investing into their project for they believe that they true with their promises but it is very unfortunate that they end up just losing and developers never mind it.

It's not totally the developers fault for this because they are just doing their job.
People generally hire developers for their projects and so we can't blame them for their job.
It's the guys who hire those developers just to create a hyped up project to earn profits.
Those are the people to be blamed.

I think DeFi is a new project that is still good to follow and can certainly provide a lot of profit, depending on how you do the project, if you follow the movement you can make a profit, because the current DeFi project is full of support from investors and take advantage that.

Have you received emails coming from Emirex they just launch their own DeFi features, they have done this to attract more users and investors to their side, they are opportunist for doing this, and they have not yet unlocked their bounty hunter's reward without guaranty when will they ever unlock it, so don't trust this kind of exchange.

Any project has a lot of different roles and people involved in it.
Why developers get all of the hate for bad decisions made by several people.
Perhaps there were a lot of situations when innocent developer made decent project then came in market team with bad intentions and ruined the whole thing and scammed users along the way.

Developers aren't the only one involved in the project and usually when they go Defi its the decision from their angel investors and other team members. DeFi is the new thing in crypto world and old alts don't want to be left behind and forgotten so they have to follow the market and technology trend. Choose wisely and if any project is jumping on DeFi just for the sake of it then may be you should adjust your portfolio to something that intents more than that.

There is nothing surprising in that, every smart person adopts to the market situation so as the developers of new projects are seeing super bullish defi projects so they are trying to modify and step into the defi side as well. As long as it is legit i have no problem with it rather it will be good for the project and their community.

Since Defi is the new trend, I'm not surprised to see some age-long projects making DeFi announcements about their projects when it's not. It's just a bid to stay relevant in the fast-growing crypto space. I've seen a couple of projects not related to DeFi made the switch. This is something we'll see more and more in the near future as far as DeFi still remains the hottest trend in the space. More than 50% of old projects will try to add a DeFi ecosystem to their projects if they haven't already.

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I won't put too much blame the developers trying to make their projects fit into the trend. If they don't, investors lose interest and pursue more DeFi newer projects. It's just how things are supposed to be.

It's perfectly normal for crypto developers to try and reinvent by switching to DeFi. Everyone wants to make money one way or the other so these developers are not left out. However, I'm surprised as not many devs have jumped on the DeFi craze. I still have over 500 different shitcoins I hold and only 1 so far moved to DeFi.

They are doing this because there are still stupid people ready to invest on such projects! But if someone follows there project from the beginning but they converting into defi just because they are seeing some defi projects are making huge profits then their reputation will be at stake for sure and they are not going to make anything by doing this.

not all defi projects can generate much profit all need precision before investing it's the way I've been doing it so far if it can't do it you will experience a loss although defi is currently popular

the reality is that most developers revolutionize their projects to make them look promising and attract market investment. Marketing like this is common in this industry, but as the crypto industry develops, developers can easily fool their victims including creating projects based on market trends, such as the current defi trend as a new tool for them to fool investors.

Well, unfortunately, some developers are doing this because of the fact that they know they could fish out some big investors to invest on them, then probably would leave that investor to create another project that would not branch off from their original idea. Its a totally dick move but its one of their ways to gain money.

At some point, people would really stop pointing fingers at them and just start to start chaos everywhere since that will be all the things that they will start seeing unless people would really step up to stop them by verifying their projects? (I guess)

The cycle is just going on, This kind of scheme is what happened to most of ICO projects before. We don't know if the project team and the developers that run away before from this scheme using ICO came back and being feeling lucky that a new born trend is here for them to gather money again.
Well, Some investors in DeFi projects are just there for profit share and the unfortunate ones (Investor with no idea what they are doing) who will most likely be the late one and the one who will lose some money. The unknowledgeable is always the loser in this ecosystem.

Never trust such project, their intention is to attract the buyer of their coin as many as possible.
Even without defi, a great project actually can attract new investors join into their project.
This is why we should do our own diligence, there are many scam projects created to steal people's money.

Recently, I observed the DMM: Governance (DMG) project, I noticed that this project seems to attract too much investment money from everyone.
First, they sell DMM tokens through private and pre-sale, then they sell their ICOs and reap more than $ 2 million in sales.
The DMG code is only used for voting in DMMDAO. Also, the token DMG is not used for farming but must use ETH, USDT, USDK, and DAI to farming. Farmers will receive DMG tokens. Their interest rate is only 6.25%.
I am cautious that the provision of the DMG over the ICO is pointless as it only has voting functionality and has no other interests. As far as I understand they have benefited from ICOs and profits from client farming.
https://medium.com/dmm-dao/defi-money-market-dmm-dmg-governance-token-491c9a62c6bf

Defi is currently popular and many are following the trend. But not all of them are profitable. Its up to us if we're going to ride on it despite the risk of losing our money.

Some of them just want to create a shit project to scam other people who dont do their own research before investing. Well greedy investors usually fall into this trap.

I see this, since last week there have been many developers who switched themselves to the DeFi project, unfortunately they just took the name without implementing the DeFi concept itself. It's very sad for the growth of a new project if the developer behaves that way. Fine if the developer wants to create a Defi project but has to use the concept for project development, the current project defi condition is amazing. so please don't break the concept.

Agreed. Users need to admit that what happened in 2017 was a one-time bubble. I have seen a lot of experienced people investing in over-priced and shady ICOs, despite their projections being very unrealistic. There is nothing wrong in investing in new projects. But first the investor should study whether the project is viable and also whether the valuation is correct.

Yes, because reviving a project that has died through a new system is a very risky thing, so if investors can believe in a project like that, then they will unconsciously experience huge losses in their investment.

Defi at the present time now, no doubt it is very trending now. Some of the popular influencers in the society made a video and uploading it on Youtube and other to say that defi is a good one to choose. But to be honest other's said was true that not all coins in defi can give a nice profit in the end, it is still good to trade in cryptocurrency of course.

Yes, and the difference between a good project and a bad project is only a little, a good project is able to attract all investors without doing a lot of campaigns or advertisements, because in fact they are already known by many people, while for bad projects, they often create advertisements and campaigns to attract as many investors as possible so that they can make money through token purchases made by investors, only this is the difference between the two.

it is what it is, they want easy fundraiser and easy money by making a defi project. they are using and following hype trend to make something so they look like they are not outdated, i don't really like the developers that only follow the current hype trend for an easier path, i consider those projects as a lazy one because they only want to make easy money

No wonder that it happens now, most of developers are following the trend like switch in DeFi project. I really don't want this kind of strategy of developers, it's totally that they want to make an easy money but not all. For investors it is very risky and it might be a huge losses for their investment, but of course as an investor you have to choose what is good and what project that you can make a profits.

To an extent don't investors want developers to follow the trends and make sure their projects are using the most up-to-date technology and set ups.

Ofcourse the crypto developers are getting greedy because they found that investors are lost their mind due to defi hype so they also trying to get into the trend and make something out of it, I will say they are smart but one who are investing on such projects are the one to be blamed because they can easily find what is the real intention behind the project then why they have to invest blindly.

I would be interested in seeing an investors guide to defi on traits and things to look for.  All it would be nice to see some more sophisticated reporting on what the major projects are and what is happening in the space.  It may help to take out some of the wild wild west feel out of the space if there was some official third parties reviewing and reporting on it.

correction has always existed in the crypto world the market is falling because of the defi hyipe but it won't be for long the evidence can be seen that market conditions have started to turn green, I am sure the situation will continue despite the slow movement

I keep thinking crypto assets should like gold have some negative beta like relationships to the market.  However, more often than not they seem to move in tandem.

This has been happening a lot especially the month, many developers  that change their projects to the Defi project are doing so to make them look promising and this is because of the hype of DeFi project.
Meanwhile not all the defi project that generate income. So if you found any project change, this should give you a sense of scam which means they don't have focus.

There is no reason for the project to change into a defi project because not all defi projects are success.
Maybe the team changed it to defi and hoping it can brings more people and investors to their project.
Better to stay focus on main purpose of the project than change it to a defi project.

Yes, but in this case of course the project team knows the direction better, because basically they also want to make their project fully successful so they are willing to make minor changes for the progress of the project which of course does not escape their main goal.

If a dev just suddenly decided to change an already functioning project from the current nature to defi, such should be avoided because clearly it shows the dev does not have any direction except chase after any available trend that will fetch quick money, i don't think it will be that easy to change a project concept, goals from one day to the next, defi is not everything, it is about making a change or a difference with your project.

Not only greedy developers keep popping up, but more and more greedy investors are now emerging. Even now more and more
DeFi projects are appearing without a clear purpose. Right now, the developers are just taking advantage of the hype DeFi trend.
So what must be blamed are greedy investors, who continue to invest in DeFi projects without doing research and analysis first.
If there are many investors who are not greedy and don't invest in DeFi projects, then the number of greedy developers will
decrease. Because there is a demand for DeFi projects, it is only natural that many developers take advantage of this opportunity
by making project scams.

It is what they think is best for their project to also go with the defis because they are thinking that defi projects are all successful. But op is right to say that investors shouldn't rely depend on the developers if they create a defi, it's not an indication that it will become successful just because others became defi.
Often times, the investors are at fault.

Yeah they are considered ruthless that even bounty hunters had been fooled like collecting a small amount of fee to process the rewards like wtf? Are they really serious why there is a need to pay to process the bounty rewards? Now, it seems that they are restless creating more crypto projects inviting investors to invest in their project. I think scam projects had been identified already by tagging some of it in the bounties altcoin section where warning had been visible in top of the bounty thread.

This is indeed a nasty thing by the project owners and they should be careful as this can damage their reputation as well because the top serious investors do keep each and every aspect in mind and not all investors can be fooled by the team. So if they will lose serious investors then they will more in loss than profit.

                                       
This DeFi project hype is just like the ICO project hype back in 2017 that not all of them became successful due to a massive number of scams. Hence, it's useless, and developers shouldn't assume if they need to change their project into a DeFi project to gain more investors in their project. But sometimes, focusing on your main goal in your project could be ignored by some investors because most of them only focus on the trend, so it might be the reasons why developers are making this kind of reckless decision to turn their project into DeFi.                                                                                                                                                                                                

What I think is that these developers are basically doing it because they totally know that they can entice many big investors to invest on them, like I said in a previous thread, their marketing campaigns are probably the best in the world making it seamless, flawless, and convincing. Once there are many investors in that project the developers will suddenly do a dick move and create a totally new project that is unrelated to their main one and leave the investors hanging. I mean it is really not a good thing, conning the investors like that.

you are not an investor
you just bring money to the project
the investor is the one who signs the investment papers
 who has the right to make decisions on the project until the investors have the right to change the development team
the fact that in the crypto market we are called investors
 we did not become them

I can name one of this, it's Emirex I just received a newsletter coming from these people that they are adding DeFi features in their platform, now that's taking the success of DeFi into their platform, they have done everything doing massive promotion launching a lot of contest but still this exchange cannot take off, be careful of this exchange, they are profit driven and will take any opportunity that comes along.

There are more and more greedy developers these days and it is really irritating.

Those who buy tokens of new projects at the ICO stage or pre-sale stage are ordinary speculators. We are not investors. An investor is someone who receives a stake in a campaign for their money. We usually only get tokens. That is why we are not investors.

This is the reason there are a lot of new projects out there.

There are a lot of greedy crypto developers out there, making these projects for these investors to bite them and then just live them there hanging without making any developments and let it die and worst, scam these investors. This is the reason why a lot of investors stopped and just focus on cryptocurrencies that could give them future profits.

I also hate it when project developers act arbitrarily after they have successfully completed their fundraising target. There are even who stop deploying or suspend their projects for various reasons and run away with investors' money. They are really greedy and irresponsible.
It is true that project development is controlled by the project itself, but every investors are entitled to enjoy the investment returns that they have promised, without any reason.

It is rare that project developers respect bounty campaign participants. All this is because we do not conclude employment contracts with them and they always write that they can change the conditions of the bounty campaign. It is very good that there are not so many deceivers among the developers. Once I was deceived with the timing of payments of coins. They were transferred to me after the price of the coin dropped dramatically and I earned 10 times less.

I think it's rather a slap on the faces of investors because investors are the ones who get cheated out of their money. What you talked about of certain projects hooking up a DeFi piece into their White Paper so as to get maximum patronage even when their projects have nothing genuinely related to DeFi is true. These scumbag developers know it's not that easy understanding the confusing world of cryptos and that not too many people actually do due diligence before investing their money on any project (even those who do, truly may not even actually understand deeply) so they latch unto this to deceive us. Till date, not many even know what drives the DeFi projects. Surprisingly, I have heard this type of confession from tech savvy guys here. So, a below average guy investing in cryptos truly needs luck to succeed in picking out viable projects to invest in.

I think they are not greedy, they just try to find a way how to get interest of people in cryptocurrency by following the trend.
Although the method is not quite right, maybe it has got some attentions of investors which is better than got nothing.

scammers are born of such people, we don't know a good project to invest in crypto world, because there is no legality to show,
and there is no regulation, this makes new projects very easy to make their own tokens, we as investors must be careful,
follow the telegram channel that talks about new projects, or maybe you can buy an altcoin that has a good background

To get people interested in cryptocurrency, it is enough to create a good and popular project. However, many developers collect money at the beginning on their promises, and most often they do not create anything. Did Nakamoto raise money to create Bitcoin? That is why everyone respects him, and does not like greedy developers.

I am generally very surprised when I see what amounts are collected by dubious DeFi projects.

The bottom line is that in 2017-2018, no one would have invested 1 Ethereum in a project where the site does not have information about the team, links to github. Now they see the word DeFi - throw in a cutlet of money.

But in defense of investors, I will say - there is such a project-long - term construction - Radix. The developers went the easy way, added the word Defi - but they did not manage to collect the desired amount.

So investors are already thinking.

Only greedy people and beginners who want instant profit, carelessly use their funds for investment without thinking. Meanwhile, experienced investors who care about their funds will not be easily hooked by just the title "DeFi", even though defi is very popular nowadays. There are potential defi, and some are not, it can be known by in-depth research. At least, by doing your research beforehand will reduce the risk of getting caught in a scam. A fake project on behalf of defi aims to lure both beginners and investors who are FOMO.

So, a wise investor must not only expect big profits but also pay attention to the safety of the investments they make. Moreover, the crypto world is very difficult to predict, if you only rely on luck you will not be able to survive.

I think not all developers are with like this mindsets, however it is not appropriate for developers to say that they are greedy towards investors. Maybe some might be like this but not as many as what we think. Developers only think for the best of their projects corresponding their investors.

I guess not all projects have greedy developers. First of all sometimes we also have the key so as not to be fooled, we need to be critical of the projects to be joined we should not depend on the promises of the developers so it is only right to be smart in choosing to avoid being fooled by real greedy developers.

I don't buy the idea of switching from a purpose of creating your project from the beginning to another just because the another is attracting many investors, that really shows the real color of the project, it means that the purpose of creating the project from the beginning is to grab money from investors.

Changing use cases out of a thing air will ruin the project and the team reputation, this will instantly reveal that the team are just bunch of money grabbers, its like changing a decentralized project into a centralized project, this isn't right.

I remember few weeks ago when kucoin was hacked, smart investors came to understand that many DeFi projects are just for mouthing sake, nothing but empty promises, after kucoin got hacked majority of DeFi projects that got affected started switching there smart contract, what is that to you? They ruin the word 'decentralized' instantly without thinking twice.

Some are doing worse. Like Kper dev have done. He minted more token for the first time and dump the whole market and then he again mint more tokens to get some extra eth from the market. This is the proof: https://etherscan.io/address/0x7A250D5630B4CF539739DF2C5DACB4C659F2488D   It's become very hard to trust any new project now. Any project with an anonymous team always looks suspicious to me.

This is another reason not to hold DeFi projects for long term purposes, they will died when you least expected, many of them are just taking advantage of investors because they knew every investors want to make money out of DeFi projects right now, I don't blame the project team but the investors who failed to take their time and do some deep research on the projects first.

Indeed, not all projects have greedy developers, it's just that the average of them are greedy so that every year there are always more successful scam projects, so in general the promises from the developers must always be considered carefully so that we all not easily swallowed up by an uncertain promise to happen.

That is why we must look very carefully to see how much money the team is planning to raise and if it's really needed for developing the project. Although I don't expect anyone to work for free raising something like 30 million is no go for me.

Who is not greedy? Simply the level of greed can be different. If a possible investor is a smart person, he will be never foolish. He will weigh all pros and cons of the project 10 times before he takes a decision to invest in it a penny.

This should be a certain red signal for deceitfulness and scam. On the off chance that you witness this sort of switch, you should realize that the project lacks focus and that is the explanation they would bounce starting with one thought then onto the next. Investing on such project will end in torment in light of the fact that the coin probably won't be listed or you get a shit project in the end

Sorry to say pal but most DeFi projects are from scammers and those that aren't DeFi right from scratch probably switch because they want to take advantage of the DeFi hype only, if my curiosity is right im guessing they are here to make money for themselves by all means necessary, they have zero reputation to protect any way

It's not really "deceitfulness and scam" like you mentioned, projects adopting DEFI features to me is cool, even though some have ulterior motives. When it becomes unacceptable is when they drift entirely from the initial mission and vision of the project to DEFI, but if DEFI is an addition then its cool. Honestly I understand that most projects drifted to DEFI just to catch the hype, and cause price spike, thereby benefiting developers, but a few projects embedded DEFI products, still maintaining project aim.

I do not think there is shame anywhere in the crypto currency world; especiallly amongst developers; digitalbits are still pushing their projects despites failing to reward bounty hunters. Covir has switched and done all sorts and the project token cvr token won't even take a significant price rise. Its beyond greed though; and i will implore investors to understand when to take profits; it will help alot.

It's not about greedy developers, it's about inexperienced investors. An experienced investor will never invest in a little-known project, even if it seems very promising. Moreover, if investments related to cryptocurrencies need to be much more vigilant. Now really DEFI is very popular and developers are trying to get the most out of this sector. Everyone wants some money. Both investors and developers.

You are right, it's why I don't like the freedom that crypto gives, it's a free crime state out here, we can't expect all new crypto investors to be fully experienced without using crypto before or having any experience about how to know which project is good or bad, newbies is why I'm worried, they are going to keep falling for scam projects

You know, to some extent, I agree with you. The fact that the developers change their shoes and change direction in the direction of the trend raises many questions, especially when they have nothing to do with DeFi. This is very bad and puts their work in question. I would like to believe that most of these developers are doing it for good purposes. On the other hand, if you are working in one direction, then suddenly changing it is wrong. I am always for transparency and correctness of work. If we bring our business to a logical result, then we will get success, but if we change plans and vision, we will not get far.

This phenomenon is also common in daily life，for example, in my home village, someone opened a milk tea shop, the business was very popular, then others followed, two milk tea shops, three milk tea shops...many milk tea shops.As a result, they lost money and had to close.This just the same as these greedy crypto developers.

This is really unacceptable and the developers of that project are not worth living in this market, it worsens our reputation in Crypto market.
The switch from the normal project to the Defi when the trend comes is seen as an act of disrespect to investors and also shows that the CEO is just a fool like the crowd. They don't know that investors are getting smarter and smarter and never again caught in the same trap. :)
Projects that announce technology transfer to Defi are usually bad projects or scam projects, we should avoid it.

Both investors and developers are here to take advantage of the market, developers don't just create projects for the audience sake only, they have to fill their pockets in the process, ask yourself, what's free? Nothing, you gotta give something to take something in return, I believe that's how this world works, those projects that switch to DeFi all of a sudden can still get some people's pocket filled

And this is becoming alarming seriously. How would someone just build a project for his own selfish interest. A project without base but means of getting investors in and fulfilling their mission. I always tell people to be watchful before investing especially defi projects these days as lots of investors are in to loot and run.

Indeed, greed is all over, trust me presently new projects are springing up so rapidly and interestingly, they are selling their tokens without even a whitepaper and site, the circumstance just shows the absurdity in the market, individuals are soon after purchasing to get snappy profits and they are not in any event, trying to check the legitimacy of the project right now

Nowadays it's no surprised that even our dearly developers are victim to FOMO too, running after DeFi hype shows that they are in for money making only, they don't want to miss out that's why they switch their projects use case to DeFi not knowing that they will lose credibility in the process, if I find myself in such situation I will gladly sell the token and find another good one because such project isn't reliable

I agree that more and more greedy developers are making scam projects for personal gain. Moreover, this year many developers
have made DeFi projects with no clear objectives, and only copycat. After the developer makes a profit they will immediately leave
the project. We can't tell them to stop making shit projects or scam projects, as long as they can generate profits they will keep
repeating his actions over and over. There is no other way we have to be careful in choosing crypto projects, do your research
properly before deciding to invest in new crypto projects.

There are a lot of things like this that developers do to create new projects using DeFi, because I'm sure they might have created a project but failed and then left or they tricked everyone, and now maybe they come back with a new project with a different name and concept. Maybe everyone doesn't realize and know about this, indeed a lot of developers are greedy for doing things like this.

in my opinion a lot of Defi projects are innovations from previous failed projects, maybe they are not serious about carrying out their projects when changing them from not Defi projects to Defi only to attract investors without knowing their progress, I think I agree a little with you

once again , this kind of developers only want to take our money. creating token on ethereum platform was so easy , every one could do this even i see there are services provider to create this. this market was so legit now, there huge money in circulation and if they could take some of it by creating or duplicating project it could make them rich.