Maximum Defi Project Failed in 2020

[Waleedzain323]

Well this is due to the repetitive products on defi such as uniswap became successful and the many projects just rained on defi with same aim and perpouse as kingswap , pool swap, unidapp , some of swaps became successful and many lost in mud hahaha projects alwasya need t be different   

[1715209597]

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[1715209597]

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[1715209597]

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[1715209597]

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[gabbie2010]

Majority of DeFi investors have the mindset of making huge profit quickly not minding the credibility of the project once launched they invested in it to make quick money unfortunately many of those projects are fake and scammers, they dangle their investors with mouthwatering offers,  DeFi hype was very massive last year this can easily deceive a newbie to fall for it, quite unfortunate that a lot of them don't bother to research more about those projects but will they rather invest blindly with the hope to earn 10x, 20x within the shortest period of time.

[fahmimajannat]

Most of them failed because of team's lack of ability. Some people wants to get rich without any hardwork. Greediness is one of the reason behind the failures. They collect money from investor in the the end investors loose their money.
The main reason is lack of humanity, good policy and over greediness of the team or person.

[xiboothrezi]

There are many factors that cause the DeFi project to fail, ~

however DeFi is a new ecosystem and still in the development stage, there are still many gaps that increase the chance of failure, lots of bugs and other technical problems.
what's more rumours and news that seem to be used to create hysteria, creating fomo. Actually DeFi is good, can solve many problems in the financial sector today, such as being global, and is more flexible. Unfortunately, many scammers take advantage of this moment to load half-baked projects, create projects that seem promising and then run away after getting investor funds.
it's best to do some in-depth analysis before engaging in this.

[lumierre]

Yam Finance was the most offensive disappointment. Dummy tokens were generated due to an error in the code. Incompetent developers left people with nothing. Many believed that this was done not by mistake, but on purpose, not in order to provide people with a service, but in order to raise money.