DeFi project, the easiest scam gateway

[Sri rahayu]

There are too many "hacks" in this industry. I will rather ignore it at all. Its much safer in my opinion

Then what else will you do 

Many scammers are taking advantage of the current market situation, defi provides quite an advantage, therefore many people are eager to join without learning any further. Must be more thorough.

[sgenuine]

Not all DeFi projects are fraudulent. There are decent and promising startups that will bring big dividends. But no one is immune from deception. Decentralization opens the door to various scammers who take advantage of the chance to appropriate other people's money. You can trust these deceivers and lose all your capital. 

Therefore, you need to treat this industry of digital currencies with extreme caution, you should always keep in mind such moments as volatility and huge credit risk.

[Anonylz]

Whatever happens to any DeFi project the code is to be blame, this is why DeFi projects are highly risky than any other projects in crypto space, if failure comes it's the code, if hacks happens it's the code to be blamed, this is just the way it is, so tell me why won't devs rug pulled themselves? There will be no one to be blame anyways

I think the legit Defi project are very few among the thousands that are bad, of course this is what you will hear ones there is such situation which will make you wonder why blaming the code instead of blaming the creator of the code, someone or people is definitely behind the coding and suddenly nobody is talking about that but just the wrong code,
Between careful has nothing to do with it when especially you are not a coder and can not tell if a code is right or wrong, Defi projects are risky investment no doubt.

[abel1337]

Not all DeFi projects are fraudulent. There are decent and promising startups that will bring big dividends. But no one is immune from deception. Decentralization opens the door to various scammers who take advantage of the chance to appropriate other people's money. You can trust these deceivers and lose all your capital. 

Therefore, you need to treat this industry of digital currencies with extreme caution, you should always keep in mind such moments as volatility and huge credit risk.

Scammers are treating every trend as an opportunity for them to deceive people who just want to earn profit from their investments. There are actually good concepts that turned out to be a scam project that makes the idea go to the trash. With this Defi trend, scammers are doing the same thing they did on the past trends like ICO and IEO and people who experienced being scammed in a scam project becomes sceptical on the start of the Defi trend which makes them miss the opportunity to gain pretty good profits on early Defi projects. I'm talking about scam victims trauma.