This story was originally published on HackerNoon at: https://hackernoon.com/5-signs-to-recognize-a-legitimate-defi-crypto-project.
Decentralized Finance platforms are controlled by communities of developers and users. To avoid losing our funds to them, we need to look for the right signs.
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Decentralized Finance (DeFi) platforms are controlled by communities of developers and users. To avoid losing our funds to them, we need to look for the right signs before investing. Broken links and stolen images are a bad sign. Check for a history of security incidents, as a pattern of breaches or a lack of transparency about them should raise concerns.