Is Defi 2.0 a Ponzi?

in LeoFinance3 years ago

I have to say I am a big fan of Defi protocols since it makes my dream of financial freedom one step closer every day. I believe there are many people like myself especially here on Leofinance and Hive in general.
People are understanding and utilizing the benefits of the ecosystems where the tiniest contributions have a financial incentive that's only natural, but could anyone please explain to me what is the deal with so-called defi 2.0?

I mean how there are projects called magic internet money (ironic) that yield 70 000% APY? That sure sounds like a scam. Not even good cover-up judging by the name lol.
How there are people trusting projects like that and treating them seriously?
My latest find is Wonderland and its token Time.
The project supposedly is going to multiply your money every couple of months or so and calculate your profits in lambos...

I have checked and it seems like the project has launched in September this year so it has been running for 3 months already without rug pulling lets see how this is gonna unfold....Capture.JPG

Posted Using LeoFinance Beta

Sort:  

Congratulations @buff-news! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You distributed more than 5000 upvotes.
Your next target is to reach 6000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

The Hive Gamification Proposal for 2022
Saint-Nicholas challenge for well-behaved girls and boys
Feedback from the December 1st Hive Power Up Day