Maximum Defi Project Failed in 2020

[ScamViruS]

many projects only use the deFI name but in fact their project does not show such a deFI name. This is natural in my opinion if the project fails and it can be used as experience for anyone if they want to invest in a DeFI project, they must be careful

This happens when a new hype is created in the market. Everyone wants to use that hype to make their project quickly success, but it is not always possible. The main reason for this is that now crypto investors are smart enough that they do research before investing in any project and then invest.

So even using DeFi hype now most projects cannot be successful.

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[nelson4lov]

Defi itself has been a real solid trend and evolution for crypto as they seek to bring more inclusive finance openly to the world. However, it got hijacked same way that ICOs was hijacked by fraudsters, scammers and people who have very little to offer to the development and progress of DeFi applications and protocols. That is the major why a host of DeFi projects have all failed. Other important point to take note of is the fact that most defi projects don't have enough security measures in place which is why they got exploited by hackers and other bad actors.

[cryptoknightt]

There are so many defi scam projects and the maximum project is only one of them, the average defi project fails because it doesn't have a clear roadmap and development. the project is made only to take advantage of Fomo for a moment. So don't be surprised if there are so many failed projects out there because there are so many that are neglected and have a clear vision.

[sulendra12]

Ya ya ya it is just a same shit over and over. When something hype begins, the bad people will come to you and trying to rob you.

Take a look at ICO before, when ICO at its peak so the scammers were trying to use this chance to scam us because it is so easy for them to rob us especially for uneducated peeps and what did happen after that? ICO is gone!.
Same thing will happen in DeFi in the future, slowly but sure we will see that thing coming.

[dunfida]

In this year 2020 maximum Defi Project Failed I don't know why? All of them claim that his project is real and will be successful but maximum failed to success in crypto market.
They also destroyed too much people funds because people trust on them and invest here but in the end his defi project become failed.
What's your opinion about defi that why maximum project failed in 2020?

This is no different into those ICO days where most projects been launched were totally shit and now here comes the DeFi trend which this one is no different
compared into those past projects where their owners are just really tending to make out some money and dont even care about their project.
Those sweet words initially or in when they are still trying to accumulate out some funds are just for show.. There might be some legit project
or really truly honest but majority of them are just pure show-offs.

[btc-facebook]

There are so many defi scam projects and the maximum project is only one of them, the average defi project fails because it doesn't have a clear roadmap and development. the project is made only to take advantage of Fomo for a moment. So don't be surprised if there are so many failed projects out there because there are so many that are neglected and have a clear vision.

You're right, most DeFi projects came about because they followed the FOMO that was going on, like the ICO in 2017.
Based on this, many investors should be aware of the risks that occur when following the FOMO trend.

[shoreno]

because someone pushes that this defi is real and will be succesful does that mean theyr telling the truth ? not at all until you did your own research to find out but you did find out that they are scamming people  .

that is the cause why they fail but fail is the right word to use ? because i think fail only means when the project has a lack of fund for continuing what they started . maximun didnt fail but they are succesful of what they are planning .

[Miaallen]

What I see is just that a whole lots of scammers follow the wave of trend and take the advantage to scam unsuspecting public. They knew people see DeFi projects as a means of making huge sum as the rate of their price increase was more than what anyone could imagine or explain.
They took the advantage and scam people. Not that their projects failed.

[Silberman]

Ya ya ya it is just a same shit over and over. When something hype begins, the bad people will come to you and trying to rob you.

Take a look at ICO before, when ICO at its peak so the scammers were trying to use this chance to scam us because it is so easy for them to rob us especially for uneducated peeps and what did happen after that? ICO is gone!.
Same thing will happen in DeFi in the future, slowly but sure we will see that thing coming.

This is as simple as that, it seems that once a year scammers try to find new ways to rename their scams to keep trying to get money out of people, but people finally are seeing their pattern, we had icos, ieos, defis and who knows what else and all of them will end up in the same way, people do not trust new coins anymore, if anyone is claiming they are the new satoshi then they can prove it by releasing their coin and ask no money out of the people just as satoshi did a decade ago.

[Princejebs]

I was never DeFi lover and enthusiast from start, the hype was out of this world right from lending, borrowing, decentralized and some sh**t that weren't necessary, now look at their performance and value from all time high.
It's even a pity that bitcoin is breaking places and altcoins aren't moving at all, DEGO finance that I ones hope on disappointed me at the end.

[bttmember]

In this year 2020 maximum Defi Project Failed I don't know why? All of them claim that his project is real and will be successful but maximum failed to success in crypto market.
They also destroyed too much people funds because people trust on them and invest here but in the end his defi project become failed.
What's your opinion about defi that why maximum project failed in 2020?

If you analyse the market good projects are thriving so like we always say, market needs quality not quantity and we should also face the fact that most of the projects that came up in the name of defi were fake and were designed to just exit scam so we need to be more watchful when dealing with new projects.

[Swopon]

It is very normal after creating a hype. Defi was on the top and that's why people are choosing it to invest and the projects get successful. At the same time, scammer's entry destroy it and resulted in failure like ICO's. So hype always will not work with our expectations.

[Silberman]

I was never DeFi lover and enthusiast from start, the hype was out of this world right from lending, borrowing, decentralized and some sh**t that weren't necessary, now look at their performance and value from all time high.
It's even a pity that bitcoin is breaking places and altcoins aren't moving at all, DEGO finance that I ones hope on disappointed me at the end.

At the end it is always the same story, some supposed new form of cryptocurrency emerges with a new concept and then everyone gets on board then when the price of that original coin goes up to the point no one wants to buy anymore imitators and scammers create their own coins and the people that were left out at the beginning begin to invest in those coins as well, then sooner or later the money that came from those dumb enough to invest late runs out and the party is over, some people get rich while the majority lose everything they have and then bitcoin goes up in value when this is over.

[AssociatesBumble579]

I don't think DeFi will be as successful as ICO. DeFi can be decentralized but has many flaws. Smart contract vulnerability is one of them. You may lose all your money for this error. There are many examples of DeFi's platform being hacked.
The error of inevitable humans is another one. Every developer claimed that their cords were invincible. However, they do not know how each user was connected to the platform. Thus, it has the potential to lose all money.

[Ken_terrance]

You are a victim of bad DeFi projects OP, after DeFi became big in 2020 many new projects starts going DeFi as well, even few old projects switch their projects to DeFi to take advantage of the hype, there was assurance that many new DeFi projects are not going to deliver, they are here to raise money and do nothing

[Ken_terrance]

I don't think DeFi will be as successful as ICO. DeFi can be decentralized but has many flaws. Smart contract vulnerability is one of them. You may lose all your money for this error. There are many examples of DeFi's platform being hacked.
The error of inevitable humans is another one. Every developer claimed that their cords were invincible. However, they do not know how each user was connected to the platform. Thus, it has the potential to lose all money.

Few DeFi projects will maintain their standards I believe but ICO is not a use case and can't be compared with DeFi, ICO is just a strategy to raise fund for projects but DeFi is much more, decentralized Finance projects should be the most secured because it's decentralized but many failed, some even got hacked

[Shallow]

They had to claim they are good and will be successful in order to attract more Investors, they also had to claim they will disrupt this crypto space in order to attract more investors, that is to say, new projects team are at liberty to say whatsoever they believe will make them get more investors, in the same way, this is also the reason why it is very important not to base your research on what they team is saying but however on their experience, their project's use case and so on.
Many DeFi projects failed last year, because many used the hype already built to grow while in fact, they had nothing to offer which further results to pump and dump projects, and in some cases, their team seems not to be experienced enough which further results to them being exploited by hackers and lastly, many were outright scam projects.
Hence, my opinion about DeFi is that, many are still coming up, therefore if you want to invest, make sure you carry out your due diligence and as usual know the team will also say good things to get investors.

[crypticj]

Nobody really using defi projects. Thats the main fail of them

[Mariangle Blocker]

DeFi is a great solution indeed but that doesn't mean everyone must be launching their projects on top of that. The same happened with ICOs. More than 80% of them are failed and the ones who survived are already bleeding. It was just a hype that had blinded us with expectations.

think twice before you act

[SaShiRaJaVu]

In my opinion, Defi is here to be a solution to financial problems around the world. on the other hand, as Defi is increasingly in demand in the world, there are many groups of con artists who want to run projects with the concept of Defi and create tokens that have no good potential and they just want to get the benefits. therefore, before investing in a new project, you must do your research

DeFi is not a solution for the financial problems, i am skeptical and there are many who are earning a lot of money in the market but i would like to see how long these trend will last. The con artist will be there in the market and there are many in the DeFi platform as well as you could see many new projects popping up on a daily basis.