I think by now you should have heard about the FTX project as well which is one of the latest scam that has happened on recent time, should in case you don't know the forum had got over 20 threads already that talks about this same scam with FTX bankruptcy, my advice for you is to reduce your hunt for crypto projects being a newbie because we have them in numbers failing already, as far as they are concerned we regard them as centralized projects and many of their kinds have also fallen in the past, why not create a start with bitcoin to create your own learning ground, just a subtle advise.
I am not a crypto newbie
FTX is not a decentralised entity and that says it all, if you read my question very well I stated that how risky are Decentralised Finance projects, FTX is a crypto exchange running as a fully centralised platform.