Don't get distracted by the DeFi rush

Decentralized finance abbreviated as defi has been the trending thing in 2020 and it is in some ways similar to the 2017 ICOs. We see a lot people rushing to invest in defi today so as to get some quick returns and this has caused the total amount locked in defi to grow to over $11 billion between July and September.

In 2017, a lot of people were chasing ICOs and it was a frenzy. But today, ICO is no longer ringing such a loud bell. As with 2017, many scams will take advantage of this defi frenzy.

Yes, it is true defi is allowing a lot of persons to cash out massively and speedily; we see a lot of 100% returns investment, free money right? I mean why HODL when you can make insane returns in a matter of moments?

But in the end, it is the sustainable investments we make that really counts. So, don't let the defi rush distract you from buying and hodling better and futuristic coins. Truth is, this defi could come and go. Also, some defi might not be that durable and sustainable. It will be bad for you if you FOMO and it dumps. Just take a look at SUSHI; those who bought the top are in serious pains right now.

Just be careful with your investment strategy so you don't get rekt. I'm not saying investing in defi is a bad idea but just know how to play your cards. Remember to focus on coins and projects that have good and strong utilities. There are the future.

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