Avoiding the Pitfalls of Ponzi Schemes in DeFi
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Ponzi schemes have been a prevalent issue in the traditional financial world, and they have also made their way into the realm of decentralized finance (DeFi). This prompt aims to provide guidance on how to identify and avoid Ponzi schemes in DeFi, empowering users to make informed decisions and protect their investments. By understanding the characteristics and red flags associated with Ponzi schemes, individuals can safeguard their assets and contribute to a more secure and ethical DeFi ecosystem.
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