Be Careful! You May Be Playing Fake DeFi

Original Author: Hasu. Note: The DeFi field is currently filled with various new protocols, such as the recently popular YFI (yearn.finance), but in essence, it does not belong to a real DeFi protocol. According to analysis by cryptocurrency researcher Hasu, protocols with heavy governance like YFI have custody issues to varying degrees, which involve user fund security issues. Therefore, he suggests participants view YFI (yearn.finance) as a custodial investment fund.