DEFI issues started with the coming of bad players who used rug pull, flash loans, and the likes brought a bad reputation to Defi. This made some people lose interest in it.
Again, many other innovations have come to tackle Defi such as NFTs, play-to-earn games, etc. The fact remains that people are still more into Defi than any other crypto-related project. You can see that there is a continuous increase in TVL every year.
With the current volatility in the market, Defi has been a source of remedy to many investors. Despite the dip, defi has offered them passive rewards.
Defi isn't the project that started rugpulling. It is just unfortunate for defi that it is the one reigning at that time. If it was nft reigning then they will also be fake project that would rugpull
Defi is perfect example of luring people then intovscam staking and locking a scam coin that would make it easier for rugpulling
We can't blame defi for the concept of rugpulling as in every project be it nft are also engage in rugpulling
Yes you are right
Blaming the system is not right but blaming the people behind it using defi as an advantage
He his not talking about defi. He is explaining the reason why people shift from defi due to a lot of scam using defi as an excuse
Defi system is a system easy to deceive like staking and locking for easy and perfect rugpull
Defi is different from Dex
This cryptocurrency is all about defi and I just to understand that yesterday
Most Dex are always based on defi alone this is why many people can't understand the difference
Spiritswap a defi projects under fantom is a very great project with a great potential and made me interested in defi as I don't have any interesting in defi.
I made weekly income even in the dip
Spiritswap is a project in fantom network a top defi and most project under fantom are defi with great profit
Spookyswap
Made my research on ftm defi project and I think ftm defi project are the defi now with the most potential right now because defi season has passed
Fantom rules defi now
Majority of fantom projects are defi