IcoBeast.eth🦇🔊(@icobeast):Fascinating to me to see people still to this day getting rugged by CeDeFi projects… IMO if you’re going to play the enhanced yield game, you need to be reeeeeealllllly confident in the people you’re depositing with, or the APY has to be so massive it’s worth taking on short duration, unquantifiable counterparty risk (which has its own set of inherent red flags) At the end of the day CeDeFi is just an unregulated high yield savings account. If you’re not getting the protections of regulated finance, why demand less than substantially higher rates? I learned my lesson with Bancor in 2021

2026.08.29 13:36

Fascinating to me to see people still to this day getting rugged by CeDeFi projects… IMO if you’re going to play the enhanced yield game, you need to be reeeeeealllllly confident in the people you’re depositing with, or the APY has to be so massive it’s worth taking on short duration, unquantifiable counterparty risk (which has its own set of inherent red flags) At the end of the day CeDeFi is just an unregulated high yield savings account. If you’re not getting the protections of regulated finance, why demand less than substantially higher rates? I learned my lesson with Bancor in 2021