Non DeFi projects starts going DeFi

[Akoldi_ibk]

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.

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[Serco]

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.

[Divinespark]

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.

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.

[target]

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.

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.

[unusualfacts30]

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.

[taufik0911]

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

[disconnectme]

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

[BChydro]

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.

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.

[oscarftw]

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.

[pedpedped101]

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.

[AmoreJaz]

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

[Pamadar]

That's true, there are some projects that start going Defi just because of the hype.

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.

Those kinds of projects are taking advantage to gather more investors to start investing into their project.

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

DeFi is really popular right now that if investors heard that a certain project is a DeFi project, they will invest right away.

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

[kensaii]

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

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.

[popeye95]

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

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.

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.

[mr.smith]

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.

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 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.

[SomeJasonGuy]

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

[H1N1]

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.

[poodle63]

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.

[thesmallgod]

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

[3meek]

DeFi is a repetition of the past bubble ICO... Not surprisingly, many projects are trying to create something called DeFi!
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...