What do you say about this investment plan

[FirmWars]

Is it safe to invest in Defi projects that has it's own Stablecoin? There is one project I like but the thought of having a stablecoin makes me feel unsafe about the project, we all know how such projects always end up, the mess with Luna and it's stable coin still lives in me till date.

[Apocollapse]

Even the DEFI projects doesn't have their own stable coin isn't safe, so either they have their own stable coin or not, DEFI projects are always risky since they're offering insane return. LUNA isn't only the one DEFI project that failed, there are lot DEFI projects get abandoned or scam that you can search it yourself. I wouldn't recommend you to invest for long term in DEFI projects, it's only good for trading.

[FirmWars]

I have made more money from Defi Finances than anything in crypto space, thanks for your concern bro, I was one of the early adopters of Curve Finance, the returns are not high yield like you claimed, APY returns per year must be around 12% -15% for me to look into the project before investing, so not all Defi projects have high yield returns .. My concern about them is the security risk.

Also USD pegged stable coins is ridiculous to me because I believe that no stablecoin is truthfully backed by the U.S dollar.

[livingfree]

Is it safe to invest in Defi projects that has it's own Stablecoin? There is one project I like but the thought of having a stablecoin makes me feel unsafe about the project, we all know how such projects always end up, the mess with Luna and it's stable coin still lives in me till date.

If you feel that it's unsafe then don't proceed. I think that you're aware that many defi projects were done because of the intentions of the developers are not pure.

It's better to follow what you think is right and if you've seen some red flags then stop being interested on them anymore. What's better is to put your attention to the established ones.

And before any other altcoins that you may seem to be interested with it, we've got bitcoin and you're safe as usual with it but your safety will depend on how you keep it.

[examplens]

You did not share which DEFI project you are talking about, so you cannot expect precise feedback and advice on your question.

I have made more money from Defi Finances than anything in crypto space, thanks for your concern bro, I was one of the early adopters of Curve Finance, the returns are not high yield like you claimed, APY returns per year must be around 12% -15% for me to look into the project before investing, so not all Defi projects have high yield returns .. My concern about them is the security risk.

Also USD pegged stable coins is ridiculous to me because I believe that no stablecoin is truthfully backed by the U.S dollar.

I believe that it is also clear to you, potentially higher earnings always carry with them significantly higher risk. low profit requires low risk, it's up to you. whatever we advise you here, the potential gain or loss will be yours alone. although it seems to me that you have already decided.

I personally would not enter DEFI in the long term, especially not at this moment because it is still unknown how long the bear market will last. this is the time when businesses going to be closed. and I don't think that will change soon.

[ethereumhunter]

If the project is completely safe, you can invest in the defi project; if not, it's better to find other projects. I think it depends on the results of your search for the Defi project and that is why you should look for more details about investing in the project.

The Luna case has made many investors worry about investing but I don't think it stops them from trying other projects. I suggest you only use the money you can afford if you are really curious to invest in the defi project. But again, it's just a suggestion and you should really search and collect more info about the project.

[Nrcewker]

Investing in Defi isn’t really the great plan I guess. It doesn’t at all matter whether it has a stable coin or not. I am not saying that all Defi projects are bad, but still most of them turns out to be scam. If you don’t like your hard earned money and want to gamble with it, then investing in Defi will be really good for you. Else as always it’s best to choose the coin with good marketcap and invest in it.  Wish you all the best for your future.

[Wexnident]

I don't think you can find anyone giving a solid answer without the project in question. After all, a project can still succeed, even if the chances were rather minimal with the description you set OP. I think you can just study the initial setup and see what happens. I honestly wouldn't think of another LUNA happening, at least when thinking of possible investments since you'd probably end up assuming all of them to end up like LUNA. If you're that afraid then just stay away from Defi for now and invest in some other opportunities.

[uneng]

I have made more money from Defi Finances than anything in crypto space, thanks for your concern bro, I was one of the early adopters of Curve Finance, the returns are not high yield like you claimed, APY returns per year must be around 12% -15% for me to look into the project before investing, so not all Defi projects have high yield returns .. My concern about them is the security risk.

Also USD pegged stable coins is ridiculous to me because I believe that no stablecoin is truthfully backed by the U.S dollar.

The point it, can you maintain returns from investments in Defi projects sustainable on long term? Or maybe you were just lucky to be on the right place at the right time so far? Anyway, 12%-15% yearly returns are pretty high, considering most investments considered safe don't pay more than 4%-5% APY.

And if you don't trust pegged stablecoins to dollar, I think you already have your answer regards Defi's stablecoins, since the concept is pretty much the same. There is no assurance they are backed as well.

[Yogee]

.....but the thought of having a stablecoin makes me feel unsafe about the project,

This is probably the first time I've read a post where the issuance of a stable coin is a factor in making a decision to invest or not. I cannot really say much since you never mentioned it. Perhaps you should look deeper into the role of their native stable coin on the project's ecosystem or just leave it as is if you don't want to be bothered.

....the mess with Luna and it's stable coin still lives in me till date.

BUSD is also under pressure from SEC and other regulators due to a supposed breach and accusation of being a security. Paxos will stop minting it and Coinbase also announced it halt trading.

Binance should be alright despite this. They can still get all the necessary papers and partner with a new company that will mint new BUSD.

[Jody.Drummer]

If indeed you have done that and according to you are fine as long as you are there then continue but it's just that you also have to prepare with all the worst possibilities that occur because regardless of whatever the conditions in my opinion things like this are still very risky to lose even though you are indeed Now in good condition.
Basically, in this case it is up to yourself as long as you are comfortable then do it when talking about advice then it stops before it's too late, especially if you have gotten enough benefits there even though it was as I said before all the options in your hands.

[Oneandpure]

Whatever kinds of investment in cryptocurrency with DEFI project or not better take risk investing in altcoin with higher return profit later if price growing up suddenly than take invested on stable coins. I don't trust yet with stable coins after Luna coin network have been drop drastically and has potential with other kinds of stable coins will allow what happen on Luna stable coin network.

Better invested or trade on stock if you have decision with stable coins only and there are have guarantee can't drop drastically what happen with Luna network stable coins, the same between stable coins in cryptocurrency and stock with higher and lower more slowly and not my passion invested on stable coins.

[Captain Corporate]

These type of questions do not really matter all that much. Why? Because it doesn't matter what type of investment it is, is it a token, is it a coin, is it yield farming, is it nft, is it staking? None of those matter at all, they are totally useless and worthless when you look at just "how" part of it. What matters is how good the project itself is, because if it is good, then it is good in any possible way, if it is bad then ti is bad in any method. Ther are good staking defi projects with its own stablecoin, there are bad ones, its not going to be good or bad just because of its own stablecoin, that alone doesn't give us any hint at all.

[o48o]

Is it safe to invest in Defi projects that has it's own Stablecoin? There is one project I like but the thought of having a stablecoin makes me feel unsafe about the project, we all know how such projects always end up, the mess with Luna and it's stable coin still lives in me till date.

Are there still DeFi projects with their own stable coins? If there are i wouldn't invest. Even if they got big. Or maybe especially when they get big i would avoid them because if i had to guess, i am assuming the whole peg could be dismantled with pure fud. And there's nothing easier than finding similarities for luna and and getting people to fear next luna.

[vv181]

You did feel unsafe, and you did know how UST ends up. It is crazy that you still take a look for such opportunity, the general condition for stablecoin is currently getting scrutinized due to regulation pressure, even if those projects are algorithmic stablecoin like DAI, which does not require centralized regulated entities, it doesn't guarantee its robustness. Heck, you did not even mention which project you are talking about.

Also, I believe with the current market condition and the uncertainty of the platform and the token security itself, any rate that platform could give is not going to be worth it compared to the risks.

[bitzizzix]

It is important for investors especially newbies to research and evaluate DeFi projects carefully before deciding whether to invest in them, because people in the crypto community always say DYOR before you invest into any DeFi project.
Doubt is a sign you should be careful and if you have any doubts you should leave before it's too late, and I think DeFi projects and platforms are relatively new and come with a number of risks that I think are good for passive income or trading, so it's all up to you, and you have to do some research to find the best information if there is any doubt.

[so98nn]

There are better option than this. Stablecoins aren’t that good in managing their legalities when the time comes and thus eventually they fail. With SEC and CBDC watching over the Stablecoins far more strictly things are now going wild really. Many Stablecoins projects are trying to keep up the 1 buck price by forcing the money into system and most of the time using money that belongs to the investors. This could be risky bet in the long terms. Crypto space has many more options but not limited to this. Best way you should go for other portfolios and earn back let’s say on staking. 

[TimeTeller]

These type of questions do not really matter all that much. Why? Because it doesn't matter what type of investment it is, is it a token, is it a coin, is it yield farming, is it nft, is it staking? None of those matter at all, they are totally useless and worthless when you look at just "how" part of it. What matters is how good the project itself is, because if it is good, then it is good in any possible way, if it is bad then ti is bad in any method. Ther are good staking defi projects with its own stablecoin, there are bad ones, its not going to be good or bad just because of its own stablecoin, that alone doesn't give us any hint at all.

That is right, no matter what kind of investments you will venture into, you always need to do your own due diligence.
It doesn't matter if the DeFi platform has their own stable coin, the question is, how well do you know the project itself?
From my observation, it is indeed difficult to trust any DeFi platform particularly the new ones.
I was interested before also in staking some of the DeFi tokens before, but decided to sell off and not go with this investment route again.
You are always worried if when you wake up it is still trading in the market or it has still value, so don't want to go thru such stress.

[blockman]

Are there still DeFi projects with their own stable coins? If there are i wouldn't invest. Even if they got big. Or maybe especially when they get big i would avoid them because if i had to guess, i am assuming the whole peg could be dismantled with pure fud. And there's nothing easier than finding similarities for luna and and getting people to fear next luna.

We have seen the collapse of UST from the Luna project and we are trying to avoid DeFi doesn't have that good reputation anymore. Aside from many hacks that happen in that area, there goes the rug-pulling of the developers from there.
Because of those incidents, we're trying to become a better investor so that we won't be part of any next big rug pull and collapse from any project that can be found in the market. FUD and bad news does really affect these projects so quickly and most of the investors have that reflexes that we're reacting so fast whenever there is some bad news that has been seen. This is why the uncertainty in this space is a lot and if you don't want that experience, avoid being there.

[lalabotax]

Is it safe to invest in Defi projects that has it's own Stablecoin? There is one project I like but the thought of having a stablecoin makes me feel unsafe about the project, we all know how such projects always end up, the mess with Luna and it's stable coin still lives in me till date.

I don't think that it is a good plan for long-term investment, moreover you yourself also doubt abut the project to be unsafe. Actually, there is no cryto investment that is surely safe 100%. But at least, we can press the risk and choose the one with a higher percentage of safe or not. For me, investing in the altcoins, moreover in the DeFi project, or even moreover in the new projects will not be safe. Because most of them are not able to survive until the bullish era or especially for the long term.
if you are still doubtful enough about this, why don't you put your money into Bitcoin? crypto