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CRYPTO MECHANIC
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My friend was about to lose $100,000 In DEFI
I don't know what future defi holds but my experience with Defi wasn't really great.
Terra Luna project UST was also a defi project. It was supposed to be a stable coin. My friend deposited $100,000 into UST protocol, luckily he was able to withdraw his money before the crash.
But most of the Defi projects are just a RUGPUL, its very difficult to find which one is legit. Decentralized finance needs so much time to be mature and the maturity will come when there will be less scams.
#FutureofDeFi
I don't know what future defi holds but my experience with Defi wasn't really great.
Terra Luna project UST was also a defi project. It was supposed to be a stable coin. My friend deposited $100,000 into UST protocol, luckily he was able to withdraw his money before the crash.
But most of the Defi projects are just a RUGPUL, its very difficult to find which one is legit. Decentralized finance needs so much time to be mature and the maturity will come when there will be less scams.
#FutureofDeFi
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