DeFi projects are not only finance and staking. Any project that promises to earn 20% per annum in stablecoins from staking as a Terra project can turn out to be a scam.
I know, DeFi is only a term and a tool to be used by scammers. There are scam projects on behalf of DeFi and there are good DeFi projects.
While the ecosystem is growing, everything is fine, and then the bubble bursts or manipulators help it burst. Use decentralized projects for trade and bridges: Uniswap, 1inch, etc.
Thank you for your recommendation. I know about Uniswap, Pancakeswap and 1inch.
Generally the finance behind DeFi is not sustainable and it is not only about 20% APR or lower. Nothing can grow forever without corrections and hiccups. There is fear and greed and if a flow of new users is decreased, capital inflow will fall and it is hard for DeFi projects to maintain their attractive interest.
It is not yet talking about bank-run. When fear is everywhere, nobody want to stake to get even 20% APR but the value of token itself will be divided by 5, 10 or more after one year.