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Warning Post: The bull run is here
Many DEFI projects are expected to attract a large number of newcomers.
Refer to the DEFI of 2021
Then most projects will run away.
So everyone should pay attention to safety.
There are quite a few on-chain projects that are expected to blow up.
Practical tips, how I prevent it.
1. If the previous USDT has nowhere to go,
Try to do liquidity mining. Stablecoin to stablecoin pool.
Avoid making direct deposits for interest, as you are focused on the interest.
Maybe the project party is looking at your principal.
2. On-chain players multi-divide protocol deposits. For example, you have 10,000 dollars.
You only need to choose 10-20 protocols for deposits with a total return of around 12 percent. It's easy to find; if you can't, I'll give you a form. They're everywhere.
This can prevent your project from being rugged while keeping the principal intact.
3. Don't rush into every project, check its smart contract, look at the investors, and see who the investment parties are. Determine if it's worth your trust.
4. If you are like me doing DEFI projects.
I suggest that you can take yield YALA as an example if you can burn YT.
I burned 500 dollars and received 1,173,617.02 points.
And a deposit of 500 dollars only received 17,607.56 points.
It was 100 times worse. A 100 times airdrop is not the same concept.
Of course you can only spend 50 bucks.
According to personal consumption capacity,
10 dollars is fine, just trying for an airdrop.
Always remember that the principal is the first priority.
Because you don't know how long he will take to distribute the airdrop.
However, as long as there are airdrops, there is a high probability of more than double.
So it also depends on individual investment research ability.
Deposits are stable and will not incur losses.
But if you get RUGed, you will be the one who loses the most.
In the end, believe whatever others say.
Use your own brain to learn investment research.
There are no guarantees of perpetual earnings in blockchain.
It's all rock-paper-scissors.