The TITAN FALL should not scare you away from Defi, just see it as a lesson and stay frosty.

Titan finance failure was a big one and is allover the sub for good reason.

Now there are many lessons to be learned from it but one thing it shouldn't do is scare you away from investing in Defi and yield and liquidity pools.

Defi can multiply your gains easy, as long as you spread the risk and choose projects that have a reasonable return, active team, active telegram and discord where mods answer questions and ofcourse a legit white paper and roadmap.

How do you spread risk? Well you dont go all in on one project and use only their pools. Choose several projects to earn apy. If one fails it sucks but you still have your investment spread out. Also choose pools that require different assets. Say you ylu invested in pools that needed LUNA. Well the previous crash hit Luna really hard (muh Luna ????) , so that would ruin your investment. Thats why its wise to choose several different pools from various ecosystems. Imagine you invest on Binance Chain liquidity pools projects only and BSC goes bust, adios investment.

At the same time a stablecoin yield or liquidity pool is also a great way to make sure you have some assets safely set aside and minimize risk.

Finally make sure to check back on your investment often enough, at least once a week imo.

Why i say this, well BURGERswap at one point was crashing as a website and showing APY similar to titan, this was sudden, the rates went from 200 500% to literally numbers like 36626440956%. I didnt like this and the telegram mods didnt help at all. So i removed my investment and a couple of days or weeks later Burger was hacked.

Unless you hodl on assets within your own ledger or you actually use platforms such as blockfi nexo swissborg celsius etc which are not reall Defi but more Cefi, then you need to be active and checking back on your investment often.

But its worth it folks. Returns of 100 300 even 800% are legit and exist on reliable platforms for excellent assets. Just dont go all in and as i said keep checking back. Its possible an APY that was 800 goes down to 50% the week after, then you might as well switch pools and look for a more profitable one.

Defi can make you rich, just put in the time to research and update your knowledge. Crypto is volatile and risky, dont invest what you cannot afford to lose. Make this an enjoyable experience, invest money you can spare and your decisions will not be blinded by emotion.

Cheers

u/mythrust shared https://rugdoc.io/ where you can check for potential risky rug projects. Go to their comment and thank them. ❤️