It turns out that I won a raffle for $300 in a defi project called Unicred, it is based on loans.
My question is, do the majority of projects of this defi style increase at the beginning due to the injection of investment and as a consequence, they frequently tend to rise at the beginning the first days, if there is no type of hack? Or can it go down a lot in a few days from the launch?
¿I can see the new defi releases somewhere, I tried it and I only see the list of the consolidated projects?
Just be careful around new unknown projects and free money. Might just as likely be a scam to get you to compromise your wallet or sign a malicious approval.
There are no guarantees that new DeFi protocols will rise in value, there are many reasons why their governance tokens can fall in value such as early investors & team selling or selling pressure from token emissions (inflation / liquidity mining)
>¿I can see the new defi releases somewhere, I tried it and I only see the list of the consolidated projects?
Use this page as your guide, it’s sorted by total amount of funds deposited in the corresponding DeFi protocol: [https://defillama.com/](https://defillama.com/)
I advise you not to look at brand new DeFi protocols until you know what you’re doing as they’re way riskier than established protocols.
As you come into DeFi
Remember there are more scams than there are legits projects
Your security is in your own hand
If you have any questions on any topic I would gladly put you through
Some DeFi projects, such as MAXX Finance, have carefully planned tokenomics and are fairly launched with a unique amplifier stage.
MAXX has been designed as a long-term sustainable project, not a short-term unsustainable pump and dump
[https://i.imgur.com/DICrhKu.png](https://i.imgur.com/DICrhKu.png)
Seems trash. I have an OG wallet on Eth and they say the wallet age is 0. I’ve done over $4k of borrows/repays and it hasn’t found a single one.
Since you’re asking this question, be very careful.
Play attection in defi
No trust in project with very high Apy.
No trust in project with high taxes.
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No project has long term value unless people actually use it. Airdrops are a way to get users, but as most find out 99% dump the tokens and never use the product.
If you didn’t enter the raffle yourself, do some research to verify if it’s real. Scammers often use these techniques to trick users into signing malicious contracts.
You should check out arbidex on arbitrum. One of the more fair ones out there, doxxed team. Safe place to park cash imo
Explore as much as you can while reading a lot too. Defi is amazing if you can avoid the scams. But one can easily get too paranoid and miss the fun.