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Be suspicious of any projects that just decide to implement DeFi all of a sudden when DeFi wasn't implemented in the project's features from the beginning, this is nothing but a way to take advantage of DeFi Hypes going on nowadays, if you are a deep crypto fan like myself you should be seeing few old projects that aren't DeFi from birth and start talking about implementing DeFi feature, I'm 100% against this act as it's unclean and dangerous

This is so true! When a hype comes up in the market, a lot of projects will follow the hype just to attract people. Those projects are more likely to be a low qualification project that doesn't have any strengths. If you're involving in any project that suddenly claims it as DeFi project, just drop it! I strongly disagree with those projects which always wait for a hype to follow! Believe me, you'll get nothing from those projects!

Just ignore them and choose projects that are based DeFi projects from the beginning, you should be expecting such to happen already since DeFi is the trending projects in crypto space today, many projects will want to take advantage for sure.

That's a scam token behind DeFi project!
Investing on a DeFi project right now is a bad idea, you're gambling not investing. Because you're buy because of FOMO and want to multiple your money, you can also loss a huge amount money too. Remember altcoin season on 2017-2018? it's similar on DeFi hype now  ::)

If you absolutely need to jump into defi craze just at least check their website and forum thread and when and how they were launched. Defi projects like Chainlink, Band and compound had started this trend but now every of the projects are calling themselves defi even that was not on their whitepaper. It would be risky to put money on any defi related coin at the moment as they are sure to correct large.

Ive seen a lot of old projects that changing their concept into defi. For me this is not good cause clearly they only riding with the hype just to revive their project. Im not saying their not allowed but they are looking to desperate with this approach.

Let say they changed into defi. People are now getting involved with a lot of defi projects some are not even reviewing the platform anymore if its legit or not as long as they can participate and sell at uniswap.

Yes, i have seen updates from old projects that they are going DeFi, it's pretty simple to understand that old projects wants to really ride the hype train for DeFi ecosystem and with that approach they encouraging investors to support them. I am also seeing new projects popping like mushroom in crypto space about adopting DeFi ecosystem concept and it's a worrying situations that greedy people will absolutely abused that anytime soon.

That's because of the hype, you can't blame them, in this tight competition of the market, they also want to succeed.
Warning is fair, we need to be careful, but on the project's totality, not because they divert into DeFi and ride with the hype, I'm sure people are aware of that already.

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Why ignore them if they have a potential? There are good projects that has struggle to market their project, but since there's a hype on DeFi, maybe it's their chance to finally introduce it the investors, who knows this is just the timing they are waiting and their project could be an asset to the market.

this also tell you one thing, traders and the so called investors are just following hype and buy things without thinking straight. seriously, most of these projects should've died already. they keep ripping off users and then disappear to start a new one. if only everyone can think and stop throwing money around.

Actually DeFi is a very broad term, anything related to crypto exchange, buy , sell, transfer, lend, hold, borrow, payments, investing and profits and any kind of revenue all can fall under defi so projects that were not using this term before are now using it to catch the hype wave and benefit from it.

I feel like these projects that are switching to DeFi is resorting to this really dirty tactic of misleading future investors. DeFi is hitting the mainstream too hard and these people are just jumping at the oppurtunity to take advantage of newbies.

Carefully study the recommendations for investing in ICO in 2017, nevertheless, these recommendations will now be relevant for DEFI projects.
 It is necessary to closely monitor the team, advisors, partners, study all the technical details of the project and its usefulness for the community.
It takes 1 year or more to develop a good project. And if a month ago we did not know anything about the project, and now its IEO is starting, then I advise you to avoid investments.

some old projects take advantage of the Defi hype, I think that's good, because it looks like old projects are still alive and give new colors to cryptocurrencies, many projects in the platform category have this new feature, looks good

Well, many projects that have nothing to do with Defi have started using it to create hype for the project. So be really careful with those projects because they are scams and very dangerous to invest in. Over the next few months, I believe that Defi will go down like ICO in 2017

Follow where the money is, so don't be surprised that old projects are really hopping on the DeFi bandwagon. I think it's a good idea, but the problem is that if the project is just doing it for the sake of the hype and not for the crypto sphere. And then pull out an exit scam in the end. But I do think that we have learned our lessons here, we really need to be very careful where to invest our hard earn money so that we won't get scam at the end.

Where can you find new defi projects?

I know the following links where you are able to find defi projects.
https://defipulse.com/
https://defiprime.com/
https://www.coingecko.com/en/defi

But where can you find new projects which are not listed yet e.g. at coingecko

Yam finance (YAM) is one of them with scam accusations. Early greedy investors can earn profits from scam DeFi but late guys with later scam DeFi projects will suffer loses. They are another way to build up successful scam projects, after privacy coins, ICOs, IEOs. Such scams can not be boomed without endings.

https://cointelegraph.com/news/yam-suffers-technical-outage-following-scam-accusations

basically every project that introduced a feature Defi trying to get a profit for a while they tried to lure investors to invest a hype trap to increase trade and volume for the coins look so profitable for the project linking the product Defi though they are not related at all this is all because of the purpose for profit.

One have to be very careful while investing in defi projects. I don't see it as trade tho. But as a gamble. Defi hype have really turned many to penny less, while it enriched others. But the main thing is to do a thorough research on the project before going into it. Let's be wise, this is another way of exploit.

That's true, there are some projects that start going Defi just because of the hype. Those kinds of projects are taking advantage to gather more investors to start investing into their project. DeFi is really popular right now that if investors heard that a certain project is a DeFi project, they will invest right away.

https://defipulse.com/
This list is not really exhaustive, I see them overlooking many good Defi projects at the moment. It seems that they only listed projects that have already been listed in coinmarketcap

Well, in the corner of my mind, i always believe that most people are in crypto currency for the profit, profit matters alot. Also i feel like there is nothing wrong if a project wants to adopt defi protocol in a bid to revive the struggling project; it doesn't matter how much hype defi has if the project product is bad, it won;t sale.

We need to always remember clearly that the growth of a project depends on the product and not necessarily the methods used.

There's truth on what you are saying but project with a community that still wants to go on will want to integrate features that they think can help their project grow and their community as well and that means to the point fo adding or shifting to DeFi, check the intention of the project and developers and see if they can really put a DeFi projects or integrate or shift to it.

Looking for the newest project? AFAIK you need to search it yourself to find their ANN, in this forum you can visit Announcements (Altcoins) (https://bitcointalk.org/index.php?board=159.0).

Now this scam token has got massive dump from $92.73 to $1.08 (-98.85%) in a single day [1] If we see another scam token implement DeFi project got dump everyday, this DeFi hype will end ASAP.

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[1] https://bitcointalk.org/index.php?topic=5268308.msg54987096#msg54987096

You are right, most of the people are over hyped with the Defi projects which they need to check them very carefully because otherwise, we will end up like this situation, recently we have seen many projects launching under this Defi platform, so people should be very careful while choosing the dive project for investing.

They can't develop a proper product and those were launching their crap defi caused by the trend and it's not about how good their platform but i would like to say those crap projects will release scam defi. Becareful everyone.

In the meantime it can be a safe haven for the project to get more fundings and support from the community with which they can improve the features of the project. I have seen a lot of times in the past where a good project was abandoned by the team due to the lack of funds with the team due to which they weren't able to support the project. But the problem is in those cases where scammers try to take advantage of DeFi name and try to scam the community for generating a profit.

Maybe not completely dangerous, if by using defi platform their coin price could increase drastically then investors would also feel the profit. Hype Defi is indeed a trend today, but projects that actually use the defi platform from start will certainly be target of investors.

no, i think its not dangerous if the project team implementing defi feature seriously,
not only for a while just because the hype of defi

It's hype, and like with every hype some people will run into it last ones, and of course they will buy on the top! This is hype, first many people don't know what defi is, second we all see how hard for eth is to handle these situations, fees are skyrocketing! "Total Ethereum transaction fees have reached an all-time high of $6.87 million, far outstripping the 2017 high of $4.55 million."
Trend today is not necessary a trend tomorrow, except bitcoin of course! And I don't wish to sound like a maximalist here, but it is what it is, now it's the time to be careful with defi, after huge hype there will be some big drops, I am thinking to sell some of my stash.

Yes, I totally agree with you. If in the near future there are a few projects that collapsed like YAM I believe that Defi's hype will end. According to my observation, defi is very similar to ICO, it can only exist and bring profit in the first time.

I have seen few of them already and the unfortunate part is that I have supported the project since 2018. Now I'm suspecting they could be a scam waiting to be activated. They use to be just a decentralized exchange only but after the hype of the Defi, they suddenly started talking about defi plans on their telegram channel.

It's easy to think that DEX can add Defi on their project since its almost just part of their roadmap. But if it wasn't in the plans before 2020 then you as investor could be in trouble when they finally decide to go YAM!

you're right. I already see how many projects are trying to make money by trying to catch this wave of popularity of Defi projects. they usually just try to raise more money and this is dangerous

I honestly don't like it either, I mean some old projects that are starting to come back to life and use the DEFI program to attract market investment. things like this are quite dangerous for new investors. As an investor I hope to be wiser before investing in old projects that start using the DEfi Hype as the reason.

If it's a must for you to invest in DeFi project make sure they have other use cases or utility like how DIA have Oracle feature like chainlink does as well, many crap projects will take advantage of DeFi Hypes for sure

it is something we are yet to comprehend. How a particular project claimed that the project has been a DeFi project right from time but in reality, it holds nothing close to DeFi. Loads of projects were existing alongside that project with better functions but never claimed to be DeFi.

Well, it makes sense for the project itself because there is a huge hype around defi nowadays and that means if you throw around the defi word into it that means you could actually make it to funding stage and get a lot more money, I am not saying it is a good and ethical thing to do for your investors, because you are tricking them into investing with wrong information but it would make sense for the project owners.

However anyone who does this means that they are just in it for the money and you should not be doing anything remotely similar to them if you are project owner or if you are investor you should stay away from them. These are the same people that used AI word all the time when it was the big talk few years ago when it was nothing close to AI and more like small time machine learning.

You need to be suspicious to each and every projects that are raising capital and they will change according to the trend and it is not that surprising as DeFi projects is the latest trend and expect many projects .

Take a look at the Yam token which is another DeFi project that burned out millions because of a security hole, so be wary when you are investing as you never know what the future holds, if you are planning to invest make sure you understand the risk involved.

It's also true that there are a lot of scams behind the DeFi project and this is the fact that there is a lot of catch with a new project on behalf of DeFi oh my god is this really being taken advantage of by scammers in this current trend.
In fact I am not sure investing in a new DeFi project launched because it is true that you are also a bad idea investing in DeFi now that a lot of big hype is going on and in the end it is useless because their achievements are only up to that point.

Every year there is always a trend season like ICO, IEO, DeFi maybe the year with coming up with popular names ;D

Defi is all over the market and even coins that died years back are going in for Defi and I was surprised to see a good well known project go into Defi too which sounds somehow but not withstanding everyone has their own means of increasing there coin volume.

Yes, Today I saw a news that Waves is partnering with Tron to make their own Defi Project. Suddenly why they would take a decision to move to defi? The answer is the defi hype. Guess what?  Waves price already at 3.02$. Where yesterday the price was below 2$. Most of the project it trying to attach with the so called Defi to gain their token price high.

I can see more than 50% of the projects in the space at the end of this bull run been categorised as DEFI, remember when almost every projects was launching their own blockchain because they want to run smart contract on their own chain. This is just the beginning just don't fall for it

That's for sure, many old projects will just join the ride.

Better to make clear and precise review and research with any of this projects that attach with DeFi
if you don't want to lose your money, It's very important to assess before joining or investing to this
not because of fomo but because you understand fully and you believe that it will bring something
good out of your investment.

They were following the waves and I remember when ico has become a big trend and most of the projects have started to launch their ico too. This is the same as what's happening with crypto  in a few years ago. I think everyone knows about this.

This defi came out this year and people are talking about this even through social media. A lot of hype actually even those old project becomes defi to attract investors. Not a surprise though, they're making ways to gains momentum these days. Waves an old project partnering to Tron so that their project could gain more users. So much hype actually better reviews the project first before investing in.

Exactly, the answer is the DeFi Hype cos they want to follow the trend, which to me personally its not a bad thing but I will have to be very careful before I follow any profit that suddenly decides to go DeFi

It is already happening and that shows how desperate most team are in looking for a way to make money. How can a project with defined features all of a sudden decides to change or add another different features which wasn't there from the on set, the question is, how can they even develop on it when it's obvious they have no idea about it beforehand?. Defi has caused the hype so now, every one is trying to get their own share of the money, while this will benefit the team more the users might be trapped. Therefore just like you advised, it is very important to be careful of such projects because there is nothing they are bringing but are coming to take.

You are right, they are trying to follow Defi Hypes. Just stay away from any projects which follow the Hypes. I don't think quality projects will change directly their original plans. It is better to follow crypto projects which consistent to improve their quality, features, or services in their own ways. An established good project shouldn't be easy to follow Hypes or FOMO.

I don't understand the same point. Why do new projects want to add DeFi features? These projects have focused on funds rising then disappearing. I could be wrong, every project has plans from the beginning as white paper but now to funds raise, plans are changing. All DeFi projects are now favorite for new investors.

I joined a lot of telegram groups whose projects have been going on for a long time even before the hype DeFi appeared and suddenly they changed their concept towards DeFi because it's currently hype. I think many project take advantage of this moment to increase investor interest, it's just that I think it's the wrong way because from the start the project didn't have a DeFi concept/plan.

yes I have seen it too, lots of projects have moved to defi because of the hype. they should not have to do that if the project development is indeed good and is in demand by many people then they will not lose to the defi project right!. I just followed the defi project from the start and avoided the old project that changed the defi because I thought it was too dangerous

yes you're right, this was too suspicious from the start. I wont believe in a project like this. maybe for devs it was a way to get their coins back hype, but for investors / traders it was just a hoax. as long as there is no real use of such projects will eventually fall. maybe when DeFi is no longer popular, such projects will return to their place of origin.

It might be suspicious but maybe the team sees a great potential under the DeFi system, well It will still depend on the project cause we can't claim it as a scam or what not unless they make wrong moves on this one.

The hype on DeFi is indeed high right now, so if they are planning to join the hype then that's more suspicious but if the sudden change can make the project more effective and successful, then let's give them a chance to work on it but invest with caution and with your own research. 

Projects that change to a defi platform are inconsistent and insecure project. They shouldn't keep up with the current Hype, they should be able to build for their own projects, Without having to copy other projects. I personally would not choose a project that converts to a defi platform.

Shifting into a DeFi project is not good at all because they are taking advantage the popularity of DeFi right now and they have no confidence about their project at the first place. If the team is just after the money, then its not worth investing and you should leave right away because of its suspicious progress.

A real growth is not about shifting into another system, if you're a good developer you will believe on your own project and you will not just follow the hype and make money and will leave the market later on. This is quiet alarming, if many projects moves the same way then its not good to hold.

It's easier to figure out which project was never a DeFi project and plan to shift into DeFi, just pretend you don't see them and invest in real better DeFi projects, developers and team are sometimes greedy too, I'm not surprised this is happening

Yes you are right mate. I already told so many times. Few dead projects already turned their business to DeFi because of DeFi hype. After that they already pumped so high. Always warned so many members to avoid those kind of project and don't jump all the DeFi projects because many DeFi projects are shit but they are collecting money by using DeFi.Be careful guys.

The defi hype is really crazy.. Many have lost due to the hype of many defi projects, which turned out to be scam. The ones doing well are few amongst 100%, guide your currency jealousy and don't get carried away with the whole defi hype. If you must invest, invest wisely. Do a thorough check on the team and project, before investing.

You're right there are many cryptocurrency project developers who are preparing to take advantages in the name of DeFi even their project concept has no connection to DeFi these kind of disgusting attempts of them clearly indicates that they just want to make money with the hype of DeFi but I believe that crypto community is smart enough these days so they would keep away with these kind of traps.

In the same way, we have seen many projects that used blockchain. And it was clear that the blockchain was not needed for the implementation of such an ICO. It's just that the ICO used blockchain for the sake of HYIP, just as many projects are now called DeFi, but they are not.

When such project has a very bad track history and any product that will be released by this project just a gimmick and no more. I think that most of people aware about this. Some people were also still tracking them all to make sure they will not scamming people again.

Buying DeFi projects right now is like gambling because all you can see is huge pumps and that is enough to get you blind and invest on wrong projects, if I were you I will take my time to do some research on DeFi projects and make sure they actually have good utility that will keep the project alive for years to come

We cant stop them from doing this but we can see how desperate they are from launching a defi project out of a very different concept. Defi ecosystem really change the current active market and its proven cause a lot of investors and traders are only concern if the new project is a defi or not. I pick my signature cause its a defi also but this one is unique cause they are using their own blockchain protocol.

oh so not only bad projects turned defi but binance and other top names are going as well .

 whats wrong with that ? but thanks to vitali for his warnings , never expect that he will say words like that because i only see him as if he only care for his project and not for others .  when all projects are now defi , itll still be hard for us to choose and this will be like ico and ieo on the past but only with a new label .

True, teams behind the project will always be updated, they will find ways to market their product so they used what is currently popular.
Blockchain is given to be used as we are in crypto, any project that would go into ICO without a blockchain will not succeed here, and personally I have not seen any project in ICO that does not use blockchain, it's an ecosystem, we are building on it for the entire market to grow.

A good example of this behavior is the Nucleus Vision company that was silent for 2 years and now they come with a fantastic DeFi solution. Or QuarkChain that doesn´t satisfy with sharding technology, now they try with DeFi solution.  :D

I agreed to your sentiments, we cannot really hinder them to implement DeFi in their projects especially that it is the trending and many project are hyping this kind of feature on its own. Most of the project nowadays are just going with the flow in order to survive in the marketplace.

I don't think there's any law that forbids a project from effecting Defi features on her tokens to attract investors, but it does not seem right to me, it feels like the project want to take advantage of the HYIPs coming to Defi, though it's not always the case as the project may have a more logical reason to effect the Defi features.

https://www.businesswire.com/news/home/20200813005299/en/TRON-Waves-Partner-Inter-chain-DeFi-Gravity
Here's another large partnership of well-known projects.
In a few years, there will be a huge network between all blockchains through cross-chain applications, and not one regulator in the world will be able to influence anything.
Development in this direction is clothed at a tremendous pace.

Its all because of hype, so old projects wants to join the hype and go with the flow. In this way they can attract crypto users to invest on them for implementing defi, its an advantage for them to be notice. We are aware why they're doing this kind of strategy so we should be careful on investing to defi projects because its not different to ICOs that became popular before wherein only few are worthy to invest in.

Why not if they want to integrate this is to fast track adoption of their project why not, developers are very quick to grab any opportunity that comes along that can enhance the profitability and awareness of their project if adding DeFi can help and they are good in adding DeFi features why not let us be aware but also check their intention.

When something become hype and trend, the others will follow-up the trend. It usually happen to crypto sale. I remembered when IEO goes hype, every project turned into IEO to sale their tokens. Also it can be chance for some scammers to do take investors money. So be careful about the hype and choose the project wisely.

But of course, every reasonable person who doesn't have any fraud intention will definitely be up against this. However, the nag will likely be one's inability to recognize projects that tend to smuggle the DeFi catch to its features. It will be good if those who know these deceitful projects name or list them here so the community and those not in the know will take note. Every Bitcoin has always known (a) hype(s). It's not a new thing for old watchers like myself. But we will have to nip this act in the bud to sanitize the process. Kudos, OP.

Well, that is only natural because most of the time, if there is a trend, there is money. People often follow the trend to have the chance of making a profit. It is just the same as before when ICO is really the trend and even the IEO where everyone is really into it. That's why scammers do take advantage of it and never hesitate to take actions.

Like YAM, like HEX. In 2017 and 2018 (before the market turned down), there are many projects did their swap, from old shit algorithm to another new algorithm, to revive their projects and take some money at FOMO peaks. Lightning network, forks, and now if you notice you can see there are projects try to swap their coins/ tokens and switch to so-called DeFi projects.

(DEFI) YAM! YAM! YAM! a scam? (https://bitcointalk.org/index.php?topic=5268501.0)
Andreas Antonopoulos: HEX offered me 10 BTC to show that it is not a scam (https://bitcointalk.org/index.php?topic=5268795.0)

anything will be used to raise the price of the coin or to compete in a rising market for a defi project irrespective
of the way it is applied to the project.Judging from the project history before deciding to turn into defi you can
predict whether the project will compete or at least survive using the hype.

I think it's best not to expect profit from Defi, too risky for us to invest in at the moment. I have seen YAM crashing 99% in just a few hours and it caused a lot of investors to lose money, it is better to invest only in the top projects in this market, it is much safer

Actually buying a DeFi token is a good choice, it's just that you have to remember that currently DeFi project is included in Medium Risk, considering that there are many fake DeFi that have sprung up and old projects that have joined DeFi, but I'm still sure if we don't choose the wrong project from DeFi it's more worth it than by buying a token or coin top project, but if you want to find investments that is Low Risk, top project is the best choice.

This DeFi project can be said to have very good popularity and I believe it can make a profit so you only need to take advantage of this situation to grow your assets in cryptocurrency because usually there will be a lot of coin prices going up and of course control your emotions, don't be too influenced by taking enough profits only.

The DeFi bubble will burst. Is just matter of time and those that pump the fastest will dump the fastest as well. Right now  there is still no usage for DeFi is all speculation prior to real usage so be careful investing in projects. If not look at what happened with Yam.

It's obviously very suspicious to see a project including Defi features on her tokens, it could be a sign of their inconsistency which is peculiar to projects without solid foundation. In fact, I've noticed there has been an increase in Defi projects holding IEO's across the space lately. I hope we would have this Defi projects trending for a while, so that investors in this new projects can also benefit from the hype.

It is surprising how so many projects started switching to Defi despite starting off differently. Just going with the tremd. However some had have this features just that it wasnt prominent.

This hype around DeFi will turn out disastrous.
In 2017 we witnessed the altcoin bubble. In 2018 we saw a bubble around ICOs and IEOs. The now year 2020 belongs to DeFi bubble. Do you know how bubbles end? By a disaster, a lot of people will lose funds because they are too much greedy and do not manage their funds properly.

They are just leveraging Defi to make the project more attractive and investors will invest in their projects. So learn carefully before you want to invest in this market, never follow the trend because it will cause you to lose and fail in this market.

Not surprising at all to be honest, they saw this as a chance to revive their "going nowhere" projects and give them a new shiny spray paint. I wasn't really paying that much attention to it, but I remember Fantom jumping on this hype train as well, even if they mentioned its DeFi use case before the DeFi balloon emerged. But with them, I think that they could actually make something worthwhile as Andre is still connected to the project in some fashion. 

Actually some people on social media page like twitter this defi projects lurking that people got their interests to join. That's true a lot of people will lose funds to this defi projects and did not take time to do some research first before they join. Also, this is an awareness of those who are greedy and not wise to invest properly.

It's no deny that DeFi projects are now profitable than other coins presently and that's enough reason for scammers to start using DeFi to scam investors, you need to be careful around new DeFi projects mostly

This is indeed strange considering that non DeFi project that wants to join DeFi is a project that is actually almost dead, for example, like WPP a few months ago this project died, and I don't know why because they want to join DeFi now this project is alive again, and not just WPP ,there are many more which is almost the same, here I suspect DeFi is only used by them as a means of survive.

I noticed that as well. Old projects are now looking into the decentralized finance (DeFi) industry, and they would love exploring it for good. NewsCrypto is also looking into DeFi as well according to the CEO.

I understand that most of them are just creating hype to make their community go all-in and support them after deciding that these projects would explore DeFi. I respect the OP’s opinion about him against this act and considering it as dangerous. But for me, I would remain neutral.

As the DeFi industry grows, it opens another door for scammers to build fake DeFi projects to take away our hard-earned money. We just have to be careful guys.

Yes, even though DeFi is currently in a trending period, investors must still be careful about projects that are currently circulating, because many project teams are taking advantage of the current trend to create new projects in crypto.

Market now is going loco  :o on every announcement with DeFi hashtags they just buy and shill
Even CZ is hyping his token with DeFi name  :D ,soon people will get used to it and make research first before going crazy.

Bottom line is, always ride the crypto trend when you can, and since now is time for DEFI, everyone is taking advantage of the DEFI hype. If you must have noticed, most new crypto projects are in DEFI category and old projects are adding DEFI. In my opinion, DEFI shouldn't make one invest in any project, look what the project has to offer before investing.

DeFi projects are indeed getting so much hype today that non-DeFi projects are planning to start going DeFi, so they could take advantage in this situation to grow their assets. But we still need to be careful in this hype of DeFi because scammers could also take this as an advantage to scam other people, until the hype will turn into dump.

Indeed some project riding the hype of defi, we all know where they going like what happened to ICO hyped everything eventually dump or losses its value. People should be wary before investing or diving into defi hype, there are some defi project which is good but most defis are all hyped.

Well, even if there is no DeFi project from the beginning, those who have that qualification should implement DeFi systems; But the problem is that not all projects are influencing investors by talking about DeFi for hype purposes despite not having the qualifications to implement DeFi; These projects are likely to turn into scandalous projects in the future; As a result, investors will suffer. So one should be really careful with these projects.

lol indeed. They even changed the announcement thread title by adding "DeFi" on it.  ::)
We should asking to the community whether the project is really DeFi from the start of the project or just recently become DeFI project.
The sudden DeFi wannabe project can causing suspicious or scam accusation in the project, better to stay non-DeFi.

There are too many DEFI projects out there and many of them have failed. I see uniswap becoming a casino, an evil for raising the price of DEFI projects and kicking them down. Project Yam recently went from $ 160 to $ 0.5 in a few hours due to the DEV team's fault. It's pathetic, I only buy the cryptocurrencies of the DEFI projects when they are listed on major exchanges.

1. If it's a must for you to buy DeFi coins make sure they are listed on top exchange, not dex
2. Avoid any projects that wasn't DeFi before
3. When a DeFi project is too high from its ICO or IEO price it has become extremely risky choice to jump in, I would hesitate for sure because bump can come anytime

The projects from non-DeFi to adding features of DeFi is only to make money from the selling of their projects tokens, as you know DeFi hype is growing fast. Every project that has DeFi feature become successful, and investors also investing in DeFi projects, so everyone should keep on eyes those projects that are by birth non-DeFi.

to be honest if you saw project like this who change their first concept to DeFi concept, they are definietly scam project that trying to fool people by follow the current hype and trend, just avoid this kind of project if they are suddenly want to change their project concept to DeFi, its much happend when masternode & pos are very popular, the coin was PoW coin at the start, but when they see masternode concept is very hype, they start change it to masternode and turn out to scam when people start buying in their pre-sale.

Seriously most projects team are funny and fraudulent as well, once they see a trend that is booming they will look for a way to change their features towards it, follow up the hype, make their own money and neglect the project also. In a simple truth, any project doing this is dead on arrival, although they might succeed but the hype won't be for long hence those who will be caught in the net of hype will be much. Every project is unique in their own way, hence let it remain that way, anyone changing to Defi is just after investors funds.

they create hype from rename to Defi project. by naming Defi they think will attract new investors or atleast get stronger support from old investors. many non Defi now changes their roadmap to be Defi project only to make their token price rise again. and its not wrong as long as they able to generate gain.

Should we believe that these projects are scams? Some of my favorite project plans from 1-2 years ago, when new projects are ready to adjust in any situation like now implemented DeFi projects. I think real projects never do that to raise funds. Although new projects keep some good advisors to promote and funds rise as market flow.

The people only wants the trend not a real product. As of now, if there is a future news about defi it will fluctuate. But if there is news about listing and partnership, it moves down. Defi projects only hype the people. Let just be careful in investing defi projects because time will come, it may become the same way as the scammers did in ICO during 2017-2018. We should invest or buy only a token with product and listed in top exchange, otherwise we may end up in scam.

That is funny though. Because I think they are just riding the hype of DeFi. They are hoping that they can get a share of the trillion dollar worth of the Savings Market that is being transferred now from traditional money to digital assets such as Eth. And most of these projects are just empty shells, getting fast to be able to ride in the DeFi hype! Just look at what happened recently with Yam. That is absolutely disgusting.

I don't trust these projects that left their project original concept and adopt other concepts, this is just to get money from investors who are now very much into DeFi, it shows they are not serious about their project and dedication to their platform, people trust them because of the platform they earlier promote.

Couldn't agree more . Out of nothing when a project decides to go Defi its an obvious fact that they are just trying to ride the wave. I would be very cautious of them.

I'm less worried about how long the DEFi hype will stay alive because I've take good profits from DeFi projects, some projects are useless though even if they are DeFi, as a investor you need to figure that out yourself and don't engage without been really confused

after hearing a lot of news that the Hype defi was getting hotter, especially the old project that revived their project using Defi. to be honest I am also against this, because it is unfair and will only make the crypto concept worse. I've seen Defi SCAM projects like YAM, and maybe we'll hear about it in a few days about another Defi Project scam.

I also noticed that some older projects just renamed themself or just claim to be a DeFi project now.
And for some of them it even worked. I had an old airdrop in one of my wallets which wasn't worth anything.
A few weeks ago they said they are a DeFi project now and changed some things then the token priced went up like crazy.

Yeah it is really very funny when projects like Mainframe which very first idea wasn't related to DeFi in any way, now try to jump in hype train and provide DeFi product.

in fact we must always doubt those projects that try to re-profile themselves by suddenly becoming defi in my opinion just to follow the trail of success, the trend of the moment almost certainly without having a valid idea and infrastructures behind are almost certainly scams, better to stay away from them

Investors should be careful around new DeFi projects and also old projects that want to take advantage of DeFi hypes, this is something that investors should learn to avoid by themselves

That's the chance for those to grab the demand. In fact, there were so many blockchain platforms have already started to provide their own defi ecosystem to be used for the new defi developers to build their own product too.

How much increase? Its price when listed was over $ 150, and now it's just $ 0.04. Obviously this was a scam project and all the investors left this project, the price dropped 99.91% and I believe it will never grow again.

This Defi trend is a too tempting gift for us and scammers, even the founders of failed projects, it gives us an opportunity to make money, help old projects come back and open a hole for scammers to steal other people's money. As a result, a turmoil in the crypto market started to happen, most old projects are genius scammers, we should not look at their resurgence, although one of them can still be profitable but overall, don't follow this trend without knowledge, it's easy to lose everything

I don't think you have too much hope with the DeFi project because if the price collapses then it will only make you regret it like what happened to YFI, seeing the price on an exchange some time ago went crazy and made many people stuck there because they were deceived and influenced so they bought coins when the price is high and after that the price collapses and becomes cheap as it is at this time.

It is all greed and money grabbing, I am especially talking about the projects that were not advertised as defi initially but after seeing that big money is flowing into defi they intentionally started chanting defi with their project which is not right thing in my opinion and just goes to show that all they care about is money.

They are not confident of their project, so they create a switch to DeFi, because this is where the money is right now, and this makes it evident that these kinds of developers are only after money and they don't deserve investor's trust, it's not overnight that they can learn DeFi structure right away.

Defi is actually the hyped up trend right now.
What i found more crazy is that yfi a token of yearn or yfinance whatever the project is called has a limited supply and the value has already grown over btc price, im continuously seeing its forks or copy projects and to my shock they are also becoming expensive and growing everyday, so basically people are in fomo about these projects and they are blindly chasing each and every project of this kind which is kind of un-natural.

The Yam has version2 which by now they have abandoned that YAMv1. Its starting to pickup its momentum. I don't know its authenticity but it may not really make some more pump again. I have no idea about the project actually but there are just more Defi out there to invest that has no issues as all. Its bes tto just stick there or an old project that has proven to be a good investment.

I would say that most of these attempts are a common scam to lure money out of investors before its too late and DeFi becomes unpopular, similar to ICO, IEO, etc. Be careful and do not fall into the idea that investing into cryptocurrencies is so much profitable without any risk. :)

I don't know but it looks like DeFi has become like an ICO every day there are many new DeFi with a model that is almost same, the difference maybe only in seriousness of the developer project or not serious, and also DeFi now has become unfocused because there are too many DeFi projects at the moment.

If so, even if the they do it for the hype and money, I think the team should "live" somehow. DeFi is getting more power and most of the non DeFi projects will get there at some point. Also decentralized apps and ideas market is not so big and not everyone can implement such things. Time is the answer!

This is alarming trend and recently the CEO of binance has also tweeted the same thing that now a lot of so called defi projects are popping up everyday so we should not blindly follow and invest in them because of fomo and quick profits because not all of them will survive only a few top quality projects will be able to survive and sustain.

Its business, some projects need to adopt and tranform in order to survive in the competition. Since Defi is the new attraction nowadays some old and unnoticed projects are shifting. Project roadmaps are not fixed, if plan A fails there’s always a plan B or plan C.

Yeah, you are correct. I am not surprised they are starting to go DeFi. They are just trying to use the DeFi hype to their own advantage. Even almost dead projects are resurrecting themselves by announcing that they are implementing DeFi.
Too bad, people will still for those scams. No matter how much you warn them, greed will always win. Even after knowing that eventually the hype will die and then the project, they are still willing to take the risks. You know, who wouldn't want to become a millionaire over night  ::)?

You can't call them suspicious or a scam for shifting to DeFi, it is the hype, and these projects needs to gain customers, companies and entities who will use their service.

Now that DeFi is leading the scene, they need to adapt to provide the needed services for the growing interest in the crypto scene.

Remember that technology in the first place needs to evolve. This is the same for projects that are shifting to DeFi not just to pump their tokens but to gain customers who will use their product.

It seems that you do not have any idea on how this works. It's a business that need to continuously grow.

In the heydays of ICO people are so relaxed that they invested in every projects that comes along without doing enough research on their part only to find out later they've lost their investment, people should not relax, just because so many DeFi projects are coming up with good potential, scammers are also  devising ways to imitate these DeFi and scam people.

of course, we need to boycott such deceptive ingredients. Those who intend to change the direction of the project from the start are definitely not a good CEO and he just wants to steal the investors' money. Therefore, any trend that emerges has risks, even a lot of scammers. We need to be alert and analyzed carefully before entering into investing. Money is never easy to make and be smart when it comes to using your money.

I agree with you, and even so that it is unclean and dangerous. Of course, these projects are taking advantage of this Hype, and want to make a profit, even though it is a fact that these projects are destroying themselves.

However, Altcoins makes the team rich, while the buyer is mostly in the loss.
Now it is to see how far this hype goes, and how much loss investors will have to bear.

Exactly rubbish projects are abusing the term DEFI and they include it in their project name to add value to the project and have many participants buying it during the ICO program. It is a way to follow the market's trends and deceive people to buy them. Just like the way businesses in 2016-2017 changed their business names with the tail BLOCKCHAIN ​​and immediately the valuation value of their business increased.

Thats okey to me
Every company has they own strategy to survive in this crypto era
Ofcourse the company that from the begining their main focus what DEFI was good their focus with the strategy the market and all the ads stuff to make the project success
For non defi project than take the hype to defi project maybe that hype can make their project getting know to everybody and maybe their project have connection to defi or maybe support defi

I don't think we should be surprise about this, most of these projects lack vision and not well deifined, they just go to where people are going. You will see what would happen to most of them soon when the DEFI hype dies down, just do not fall int their traps because they just want to give you their bags

Indeed many projects using defi to draw a lot of people , and many a layman who went looking for profit with project relating to defi without seeing details of the project , as his this is going to be the crazy defi

Yes, everyone is trying to get their hands on the DeFi hype and make some money in the process, many developers of those dead coins are reviving their coins and hoping they can again make some money by making their coin DeFi compatible as a lot of projects had huge success with the same plan in the recent months. This is all because of people who are buying their coins and are making a way for others to do the same because when a single idea makes money for a scammer then he tells his friends and they also try to do the same and in this case the same is happening.

I'm just worried new projects are taking advantage of Defi to scam this market. Lots of bullshit projects came out and they said their project was Defi to attract investors. If they are not careful then they will be stuck with these scam projects

Scam projects will always be there no matter what.
Overtime people will understand that crypto is not that different from stock market, there is no free money in here (only for scammers)

Learned from the past mistakes, before investing make sure that you are done with knowing the entire project, not because it hiding with DeFi means that the whole progress will be the same. There are many scammers around who are good in imitating / duplicating the ideas of real developers who really intend to provide quality projects, Never to participate without investigating the team, make sure that incorporating their work to DeFi system is for real and doable it will save you time and money knowing that there's a good future with your investment.

It's a sign that the projects aren't good, they aren't build as DeFi from the beginning of launch and now because DeFi is making big waves in crypto space they decide to share part of it? This is a big sign to stay away from such project

That will be bad, non DeFi projects should not trying to become DeFi project.
Maybe they changed the project into DeFi because many DeFi projects are gaining attraction of investors.
Now before we want to invest on any DeFi project, we must ask them if they are really a DeFi project from the beginning.

This is correct. All of the defi hypes has been seen in the last few weeks. Most of the projects are entering the defi zone which on their platform is surely not on their concept. Im not so sure how the market would react to this but for some very observant this is really not good stand for crypto. The scammers will take advantage of this just to gain price up. Too many small time project has runaway and investors and traders loses their money.

I notice that most of the projects nowadays are just going with the hype of new technological innovation in terms of investment. Before, there was ICO, then IEO's now DeFi projects. With regard to the projects that just converted their platform to DeFi, there's nothing wrong with it, as long as it includes Decentralized Finance, digital assets, protocols, smart contracts and decentralized apps. Let's just accept that all projects compete to each others and with them having the lead in digital industry, this is expected to happen.

All those projects that start using DeFi out of nowhere are here for the money, take note of such projects and never invest on them, projects should know where they stand and not just switching from one use case to another.

There are DeFi projects that are well know in crypto space now and that's the best projects one can invest on not new DeFi projects that could be scam or pump and dump, not all project team knows what they are doing, take note! You've been warned.

I saw it like that, even a project that had long wanted to change direction to defi, This incident resulted in many high defi tokens being able to pump yesterday and of course many investors now like defi

Scammers multiples in number when ICO became successful in 2017, the same thing should be expected this year too since DeFi is the top trending use case this year so far, newbies should be warned about blindly investing in new projects, majority of new projects are money grabbers.

ico is trending before and many people should learn with that experience if they are included on those who got scammed but even if they havent been scammed yet they are still aware that many people have been a victim on the past ico craze  .  they can apply what they see and learn on the current trend but its up to them if they let their inner selves to get carried away and wont mind being scammed at the end  because im sure there will be .

Even the good DEFi projects still carry risks too, what do you think will happen once the hype is over? The DeFi tokens and coins will revaluate for sure and those who got in at high price will get crushed, my point is to know and understand what you are doing, invest in coins when they are still cheap and invest minimum amounts you can afford to lose

To my great regret, the hype that surrounds Decentralized Finance is very harmful, because in the end people will lose trust (after all those mohinations and "money out of the air" that surround DeFi) and will associate it with something negative.

totally agree with you and i would also oppose it, the Defi project is just hype and is coming to an end. This is all the same as the trend in ICO and IEO after that was no longer profitable

i am betting most of these DeFi-related projects will soon face their doomsday. by now, users should know this kind of hype is not long lasting esp for those projects that suddenly rise from their grave and decide to transform their project to DeFi.
only few of them have real app and can actually realise their objectives. all the others, just a nuisance in the market.

Even though Defi is a good and promising technology, with so much hype and scams going with the name defi, Its certain that a large number of investors are going to get hurt. People just don't even do a little research before joining and jump into the hype pretending they'll not be the ones that would be at loss. This would create a negative attitude towards the word as well the technology of investor's scale. Similar to how many people hate ICO and the process.

I just received a newsletter from Emirex who until now is locking the rewards of bounty hunters they are now offering Defi features in their platform, I don't really trust this platform because of what they did to bounty hunters whose rewards are still locking without a date this si one of the project that added DeFi because of the hype it's getting.

Hello guys!  Apart from the above DeFi projects, who else knows any?  or tell me where to find it?

A list by CoinGecko https://www.coingecko.com/en/defi

Of course not every DeFi is listed there, but it's a good place to start.

There are projects in the ICO space that have had github activity and small communities since their ICOs. These are the people silently developing for the market to take notice. If such a project decides to jump onto the DeFi bandwagon, what could go wrong? They have already been at it for a few years. Maybe some form of pump in the offering.

Those that have hitherto remained silent and suddenly start talking about what a "revolution" DeFi is, are the ones to be wary of.

Quite right, now a lot of cryptocurrency companies are starting to update their technologies and capabilities and are trying to enter in the DeFi sphere in order to also become much more popular and in demand because of DeFi hype.

Adding Defi into their product or platform for a new project can be seen with two perspectives.
If we look positively, it is good that project has realized the current trend and they also want to implement to stay uptodate with the market and so that their product does not look out dated.
While if we look negatively, they added defi to get attention, raise more funds and potentially exit scam.
Both are the possibilities but it is your job to analyse the team and make a decision if they are legit or not.

Exactly, because of a lot of hypes surrounding DeFi projects now, a lot of both non- DeFi projects are suddenly turning to one.  Numerous airdrops are now flying around now and 90% of them claimed to be DeFis.  We need to be more careful, fraudsters use any slight opportunity at their disposal.

We must avoid assessments like this. If you understand the crypto world, then I suggest you analyze their reasons for using defi. If the reasons they give are not clear and just making it up, then you can judge that the project only follows the hype to get money fast.

These projects have been listed on exchanges and the price has gone up so many times that it is difficult for us to invest in them and get a profit. It is better to look for Defi projects that are doing ICOs, their prices are very cheap and we will have a lot of profit if they are listed on exchanges.

I'm a recent returnee to the world of crypto, and from what I'm seeing there is a big hype around DeFi.
This is looking like the big era of ICO's from a few years.

I think you are absolutely right! If a project is not thought to be DeFi and out of the sudden changes, there is a big chance that is trying to capitalize on hype and probably is fake/scam.

I'm really worried about that. DEFI is on the rise in the crypto world these days and the term DEFI is being misused. Waste projects are currently using the term DEFI because of DEFI's hype; They are using it to increase the value of their project. Many are likely to fall into the trap of this deception. So we need to be careful and analyze before investing in any project.

It will also be like ICO, for the time being I think Defi will be crashed by scam projects popping up every day. It will cause many investors to lose money and lose faith in it. Be really careful when choosing Defi projects when you want to invest, there are many bullshit projects in operation.

Although we should be careful around all this defi craze but if a project is legit and you are confident about it then there is no harm in using this trend as this will benefit the investors and community as well and for this if the project modifies or adds new products it will also be good for the project in the long run.

To be honest I don't know the system that DeFi uses, is it the same as ICO / IEO, at least there is a procedure for a new project so that all investors and the public can trust the concept provided by the project, if DeFi is a new solution in the Crypto World for prevent fraudulent projects, so we should all support the system that DeFi has, in order to attract the interest of investors and communities around the world ..

Quite a lot of analysts on the network claim that today many new projects are tying DeFi to themselves, having nothing technical to do with it. This could possibly be the next wave of scams, as DeFi is very attractive to investors and scammers are taking advantage of it. Even if the project is legitimate but uses the DeFi prefix with deception, then this is clearly wrong. It may be necessary to identify and counteract such commands according to certain criteria.

It's still all about the same mistakes that investors use to do over and over again, the lack of doing good research is what making many invest money on stupid projects, now that DeFi projects are doing big many scammers will definitely bring their scam projects to lure inexperienced investors

If you are always watching the market and you will know if this time the investors are experienced to determine which is good or bad defi. It's about the non defi project that tries to follow the trend to release their defi but I think if they were going out from their capabilities and comfort zone.

Unfortunately, this is likely to happen and it will be a blow to the reputation of both the entire crypto industry as a whole and DeFi. And a great idea will turn into an industry associated with scams.

They say the trend is your friend, so if projects want to stay competitive in today's fast moving and paced market then they need to be providing products and services people want. I remember in 2017 we had the ICO craze, now you see everyone wants to go into DEFI and even the bigger blockchains will have DEFI projects running on their blockchains. You also have NFTS as well getting popular, especially after the crypto kitties phase. We either have to adapt to what the market wants, or we die, it's that simple and some will like it and some will not and be left behind.

Since DeFi is the new trend we can expect a lot of new and old websites like exchanges to add DeFi features to their platform and I just received a notification from Emirex that they are going to add a Defi Features to their platform


So there you have it in their own mouth they are using their community to benefit, Emirex is very cunning until now they are not releasing the locked tokens of bounty hunters and no assurance of unlocking this so be very careful of Emirex.

check out this non ethereum based defi project

https://finance.yahoo.com/news/safex-platinum-offer-non-ethereum-164500799.html (https://finance.yahoo.com/news/safex-platinum-offer-non-ethereum-164500799.html)

Yes, its gonna happen because a lack of research before investing money in a newer project could vanish your capital. Now there are major chances many people would use Defi as a weapon to scam people and investors with a lack of research gonna thinks Defi is good and become a victim of a scam.

The rate at which we're seeing new Defi tokens is alarming. I never knew about Defi until lately when it started trending. I had some Defi tokens unknown to me and it was when the acronym ' Defi' became popular that I knew I had some Defi tokens in my wallet. I know its possible for some projects to include Defi features to their projects, and I personally don't see anything harmful with it.

take advantage of existing data on defi projects, but we must be careful because not all defi projects will experience an increase due to data, some drop drastically, so we have to really choose the right project, lest our impatience make us lose money because we are tempted by Fomo from project defi.

I prefer investing first on projects that are on DeFi from the start they are the one who started this and they should get the support not some existing project that just add Decentralized Finance in their platform, right now I only have Oikos I got from bounty campaign and I hope they will become a good DeFi platfrom

investing in DeFi will not be able to guarantee a profit. It could be that the next few months this project will end in a scam and will make many people disappointed, so as much as possible to be careful and not to put all your assets in just one investment place.

The hype of DeFi projects is huge, so we should be aware when the hype is huge, it also means that the risk is high as scammers will try to use that opportunity to run their scams, and based on experience investing in the market, sometimes a project look legit but would scam over time, that's hard to determine to be honest, so we have to be careful, invest wisely and learn how to diversify our investment.

There is nothing wrong for non DeFi to implement DeFi Protocol. If these projects switching to DeFi with the right projection and good intentions, I think that should not be a problem. This is a ecosystem and everyone is trying to reserve their place in the DeFi ecosystem.

look at stormx project which is previously was non defi project, and due the market condition that trending in DEFI Stormx look like will switch to Defi. they already lock token and eth now uniswap. actually stormx have good usecase, their token could accepted in many popular online stores and even get cashback for each shopping. while times coming and team announced price will booming.

To be honest, that action would cause the project to go in a completely new direction, and it would no longer be consistent with their original idea. They're just trying to capitalize on the hype from Defi to make their project even more popular, and the price could go up these days.

I followed one project that also joined the Defi hype but its not working for them.  I wouldnlt mention that name because its just in the EOS platform, they end up just waiting and the dex they have hasn't even yet released since the project started last 2018.

Not all defi projects will really be pumping. Teams switching to Defi will only look as if they are going to end up scam. I did ask them about it on telegram and they kicked me out after it.

there are so many projects that are going defi but not all of them are getting in hype, projects have to keep up with the current development if they want to attract more investors. Its not necessarily a bad thing but not all of them are doing to keep up with the development and some are definitely in just for hype. Make sure to check other things as well.

I think they just follow the market to get hype too and take advantage of this moment by adding a defi, my mind is talking marketing instincts they are turbulent seeing one defi project that is very hype right now
maybe some projects like ripple are very compatible with DeFi but many are not related to DeFi and add to the DeFi ecosystem

The issue with most of these tokens before was that they have no use case but with these DEFI hype they do, and what do you do if you want to ride the hype you add DEFI to your project and people FOMO in, I can't rely say i if this is going to end well or not because when the correction comes people are going to lose money

It is quite natural to see that all the projects will try and take advantage of the hype the DeFi market is getting and i wont be surprised if they add the term DeFi to any new or old project thinking that they could attract investors. The only option we have as investors is to take some time and understand what the project is all about and then taking the decision rather than jumping on hearing the name DeFi.

We should consider the success plan. We know that some projects can't be confident in success, so they could choose some alternative ways like now DeFi implement. If I can't make sure that my project can't be successful, I could add implement Decentralized finance. Just these projects shouldn't forget the main focus.

The best way to go about it, peradventure they want to associate themselves with DeFi projects is to have partnership with them, in case there is any connection. Yes, almost every project wants hype. No project want to lag behind and they all.want to take advantage of this moment, particularly the envisaged bull run.
If they are capable, they should go and partner with top projects that are in DeFi line.

and then, labeled themselves as defi project. the defi situation is getting ridiculous as some dead projects are now relaunching and getting a makeover to be a defi project. and since uniswap is open to all, everyone can do their pump and dump on that exchange. sooner or later, we will be seeing a lot of trash defi tokens in that particular exchange. people should have already learned their lessons during those ICO hype, so they should know at least how to tackle this new hype in town

What to expect, they are trying to ride as it was the trend and taking the chance of riding is possible as they
are people who don't do the research and just go and jump right away.


They are taking this opportunities to gather money and runaway once they've got investors who don't understand
what they are doing.


They did not bother to work with knowing the project first before taking their investment.

And this is the problem, many people trade and invest in crypto without really understand what kind of coin is that. Not many people are a deep fan of crypto and have extensive knowledge to understand the DeFi trend and what is DeFi, what is not DeFi. This is where old projects try to exploit it by masking their coin with the new trend. Hopefully, people would start to be more responsible for their investment and actually spent the time to research.

Yes, there are always some risks in investments, even for a good and true defi project. If you're indecisive in making investment especially when there is a craze for a certain type of project, you will miss a lot of opportunities. Just make sure you understand all risks before investing.

I also don't like that idea people invest and supported the coin because of the idea now switching to DeFi will change the structure and feature of the projects to the point that investors will think is this the project they support, it's ok if it's the algo or supply but main features is entirely a different story.

Yeah it feels like a lot of projects are just jumping on to the DeFi bandwagon to get in on the action. It's always prudent to be cautious

That is very strange, why in the world they change their project into a DeFi one.
Not every crypto projects are created to become a DeFi project. The team should focus on what they planned from the beginning.

That's not a strange thing to see those non defi projects were migrating into the defi project. When the team was feeling so difficult to get the massive trend in the defi and then they must follow the trend to get into the hype that is still happening with defi. That can be considered as a strategy by the team too.

Many project are guilty of this because they see the defi as an additional feature which to me it is not a bad idea if they have concrete reason for doing so. It might be a hype as you have suggested but some already successful project that have built confidence in the people that make use of their product won't want to jeopardize the community by delivering a wash project

DeFi is a repetition of the past bubble ICO... Not surprisingly, many projects are trying to create something called DeFi! ;D
After all, a good profit depends on it! In fact, people now invest in DeFi projects almost without hesitation! Where it can lead us all perfectly remember until 2018... ;)

There are many DeFi projects that aren't into the hype presently, probably because of lack of continues development or team are just slow or not capable, investors need to do good research on any DeFi project before spending money on the project.

Those who are not joining into the defi still running their development based on their own roadmap. there was a bunch of existing platform that was not going for the defi hype.
They are all focusing to develop their own product rather than wasting their time to create a new defi platform to follow the hype.
DYOR is a must for everyone

Seeing the current Defi hype, it is a market share that is highly targeted by developers. This is very reasonable because it has potential value and rapid development for a project, of course it cannot be separated from the desire of many parties who wish to participate through the program. I can say that this is a form of development pattern in terms of trade expansion by offering superior products based on DeFi.

yeap i'm also aware projects where defi is just like blockchain inside offline business model)) sure that defi will be successful only if   there's a normal decentralized financial model inside. because of this i mostly look on dex projects

sometimes something that hype really has a big effect on others. Currently, deFi is booming and there are indeed a lot of coins planning to go to deFi. Whether they fit in or just forcing myself I am still confused. Will this continue if there is new hype? Just always thinking that we must continue to be careful if we want to participate in a project like this

The market trend is continuing like it was during the ICO hype and when i first heard about DeFi projects i never cared about it until i saw people earning huge amounts without doing much just by supporting the project and i though about trying my luck without risking too much. I am well aware that there are projects changing their name to DeFi and you need to look after those scams as well.

oh so u might be interesting in new stablecoin dex - xsigma, just announced and looks credible - they are backed by a public company.

No wonder the DeFi hype that occurred in 2020 has made some old projects become DeFi wannabe. If you know that there are projects
like that, just avoid it. Because old projects that plan to change their functions or goals clearly do not have strong principles, projects that
do not have strong principles are very vulnerable to becoming scams. So if you want to choose projects for investment, choose those that
have clear goals and they stick with their goals.

Good point! if the project was been built with solid foundation it won't change anything.

They will stand to what they've believe they can contribute to this industry, the very chance that things will turned into scam afterwards
is really high, more or less it can also serve as  an exit way for the dev. They can pull everything to trigger new investors then runaway with the money that they'll be bagging after.

That is very typical of most humans, that is, they tend to migrate were it will favour them most without minding the other party; this is exactly what those project team are doing. When most platforms launched their own blockchain and created enough hype, most projects which were dying or rather struggling used that as an opportunity to migrate to those blockchains, pumped a few times and returned to status quo. Therefore, seeing such from most projects which all of a sudden are then going DeFi is not surprising because the team evidently want to be part of the hype.
Before a project was created, the team knows what they want and it was stated on the whitepaper and roadmap, thus having a change of mind halfway means they are after something else.

This is the problem with those people starting a project. They just like collecting money from the crowd and then run away afterwards. This is really a problem with them and it eventually killed the projects of others that are doing what is right and keep believing in the project. Investors do not like to invest anymore with their doings that has inflicted negative impact in the cryptocurrency.

cool maybe you'll give me some link/additional information about it?

https://xsigma-lab.medium.com/meet-the-brains-behind-xsigma-defi-d2e89928f3f7 I read here, but you can google them))

How can they resist the chance of being in Prime time?Defi is moving quickly those days so having with the name is really irresistible .

But the thing is are those who Jumps are legit project or another scamming one that rides only the popularity of defi to victimized more?

But i guess the answer is given since this happens months ago and now their target has been revealed already, many Project are proven scams and the effect is already in the air.

This is so funny and hilarious, such developers are  genius, which is scam genius. We need to keep a cool head every time when hype is coming, including this DeFi hype, remembering the altcoins hype of 2017, don't rush to buy, think twice.

Very objective. The Defi-based financial market is getting stronger, this has become its own financial attraction for developers by utilizing the ongoing DeFi Hypes along with great interest from users with the ability to access financial facilities without intermediaries.

This is the weak point and what we have to respond to is how to minimize the risk of mistakes that we think are right and good in fact ending up in a scam.

Kudos to all those new projects that stands on their products that's 100% non DeFi, it can be really tough to create awareness this days since all investors care about is insane profits from DeFi projects, it a shame that majority of new projects are going DeFi this days, if that doesn't tell you anything I don't think you will ever be smart, sorry to say but it's bitter truth that 90% of new projects are after DeFi success

This is a new trend in cryptocurrencies, due to the defi system being used. and each project changing its technology to a defi system is aimed at attracting investors to invest in the project being built. investors should really understand the characteristics of a fraudulent project with a real one, so as not to regret it later.

DeFi adds more impact on the cryptocurrency market but if the hype continues and the DEX not requesting for security fund from the DeFi team to prevent exit scam DeFi may cause more harm to the market.

I can't blame the old project that started to offer DeFi elements since that is the hype a lot of crypto investors buy now.

Just like ICO as what OP had stated that most likely it gets into scam. We do not have any choice but to allow them the scammers to do their job because these crowdsourcing  projects are not regulated and not registered. Sad to say that it get like this but still there are good projects we have at the current. It just that it is difficult to find good projects or legit.