Another trend on par with NFT and meta-universes is DeFi (decentralized finance), sometimes known as decentralized finance. In order to offer quick and transparent transactions with low commissions, decentralized finance was developed as a counterpoint to traditional financial tools.

DeFi does, however, come with significant risks in addition to rewards, such as fraudulent ventures. Rug pulling is the process by which a team abandons a project, withholds any liquidity, and causes the native token to lose value.

How can one spot shady practices in an unregulated setting?

read more: https://altcoin.ng/how-to-spot-a-scam-defi-project/