[MKT-119-95] AMA- Is DeFi dead? + The struggles of other alternative Layer 1’s

[Bee926]

*Introduction:

• Current landscape:
  Luna dead, UST collapsed which led to some chain reactions across other ecosystems (eg. Frax affected)
  Fantom DeFi ecosystem struggling， Scream debacle, Deus/Dei Roosh situation
  Most DeFi coins are down 75-95% in value against ETH
  Others?

*What went wrong?
Unsustainable yield
Ponzi mechanics
Exposure to attack vectors
Regulatory challenges
Network congestions & offline (Solana)

*Is there hope for DeFi? What steps need to be taken to improve it?
Sources of yield, if you don’t know where the yield is from you are the yield
Security
Yearn Finance security/derisk framework
others?

*User Dos & Don’ts
Don’t chase yield, Do look for security