Rise of Reef Finance is concerning
I posted a while ago about how reef finance has some red flags for being a scam. https://www.reddit.com/r/CryptoCurrency/comments/lngdk3/potential_scam_reef_finance/
I'm seeing that it's market cap is nearing 500 million, with alt coin season coming, it may keep growing, which makes me wonder if we are just about to witness one of the top scams in crypto.
I can't tell people not to invest in reef, but just check out their Dapp before you do. It's basically empty. Compare that to 1inch which also has a cap of ~500million. It has a real use & great interface which you can tell that the team has put work into.
submitted by /u/ykliu