Defi Demon

Defi Demon

Defi Demon is a blog that covers all things related to decentralized finance (DeFi). DeFi has rapidly emerged as a transformative force in the world of finance, offering a wide range of decentralized financial applications and services that aim to disrupt traditional finance systems. In Defi Demon, you'll find a wealth of information on various DeFi protocols, including lending and borrowing platforms, decentralized exchanges, stablecoins, and yield farming.

Watch Out For Crypto Scammers and Shillers Pushing Defunct DeFi Projects via Blogs

19 May 2023 4 minute read 0 comments DeFi Demon - CryptoX0

Medium is a gold mine for finding new crypto projects. 99% of these projects end up failing or being rugged within months of release. Others (Drip, Fufi, Ark) are slowly bleeding to death. I've lost count of how many people have claimed that I could...

$1 Billion+ Market Cap in 20 Days: PEPE Meme Highlights Everything that is Wrong with the Cryptocurrency Industry

17 May 2023 3 minute read 0 comments DeFi Demon - CryptoX0

Meme coins are the epitome of get-rich-quick schemes   Find a meme, make it into a coin, and get rich.  If you're not the creator you’ll probably lose all your money. These tokens have zero utility or real-world usage. They are just pointless tokens...

Crypto Is Not Dead. It will never die.

16 May 2023 2 minute read 2 comments DeFi Demon - CryptoX0

  Once again news companies around the world claim that crypto market is dying The markets need this; it needs to be cleaned up. There are far too many coins available for crypto to go mainstream. Crypto is filled to the brim with crappy coins, it is...

DRIP Network — Is an Example of what -not- to do in DeFi

11 May 2023 7 minute read 2 comments DeFi Demon - CryptoX0

Examining the Pitfalls and Lessons of a Failed DeFi Experiment I believe that Forex may have a vested interest in seeing DRIP Network collapse, as it would remove the burden of having to constantly address user requests for new utilities and features...