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RE: HIGH APY - does it make you EXCITED or discourage you from investing in DeFi Projects

in Project HOPE3 years ago

Its quite obvious most people who venture into the crypto space are only concern about the pay High APY attract more investors to a project but it consequence are mostly difficult for those project to manage we have seen several platforms who offered attractive APY to their investors and barely hold the project for months.

No investor would love to make loss and would take calculative risk when they sense a project would be rug pulled.

For once i've learned high APY only cause a launch project to run into bankruptcy leaving late investors to suffer large dump in price.

Long term initiative on projects with focus keeps a project running without unnecessary financial problems is best although a business is always a business investors are interested in high APY

My take on this will be to reduce inflation company are to focus on long term development of their project instead of using attractive paying means to entice investors who will probably dump such project any time soon

Thanks for sharing.

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