Savings accounts have a 0.1% APY on average. That’s not enough to even make up for inflation. So think about that before you judge DeFi.

Yes, DeFi can be risky at many times considering it’s decentralized and unregulated nature. But I mean at this point staking has become more worth it than putting money into a savings account and getting abysmal APY that’s actually losing value cause of inflation.

Besides, DeFi isn’t as bad as it’s portrayed in the media to be. Yes you will always find shady and scammy platforms.

People tend to focus on headlines of rug pulls and DeFi scams yet never really focus on the platforms doing it all right. Go to Aavescan for example and you’ll see that it A LOT of liquidity especially on Polygon. AAVE pools on Polygon are very well known to have some of the highest liquidity rates on the market. Yet again, not many seem to focus on that and tend to head more towards the spicy headlines of rugs that happened in DeFi.

At this point, it kinda looks like banks and financial institutions are the ones scamming us daily with these laughably low rates. People usually say “yeah well its safe” when in reality they don’t realize they’re technically losing money by not being compensated enough to fight inflation.