Be careful with crypto news (DEFI with Y)!!

[X-ray]

Some of these projects still make money, it is clear that this is not a long-term story, but it is not always an outright scam.

It's not only some but almost all of these projects were scam

This is only an example about how the ycrap projects have scammed the investors https://news.bitcoin.com/defi-project-yfdex-finance-vanishes-with-20m-investors-funds-just-two-days-after-launch/

This story will be the same as ico story of there was no prevention act to prevent this scam y projects to come. There was only a very small percentage for the y project to not be the next scam project.

It's also very difficult to make awareness for people to not throw their money into these scam circle called y family defi.

[btc-facebook]

How is it that coins that came from nowhere in a short period of time soared in value? How to understand this diversity yourself and understand who is who? For one real DeFi project, there are a dozen fake ones. This kind of worries me very much. Without careful assessment, you cannot follow anyone.

The price went up really high because of the FOMO about DeFi, if the FOMO was not that strong I'm sure the price won't go up until the price beat Bitcoin,
and because this is FOMO, there is a chance that a big dumb will occur at any time and the price will fall very deeply, my advice is to avoid coins or projects like this, choosing a project with good fundamentals is the right choice.