you might be wondering
where do i check for this red flags?
☆ for anonymous team with no track record, check
• linkedin for past roles & credibility
• X for posting history, consistency, previous projects
• github for actual commits, repos, activity
☆ for unrealistic APY/yields, use
• defillama to compare real APYs and TVL across similar protocols
• defiyield[.]app for sustainable vs hype yields
• the project’s own dashboard on-chain data
☆ for no audits or suspicious audits, check
• certik
• peckshield
• trail of bits
• quantstamp
• hacken
☆ for poor/rushed UI and weird contract activity, check
• etherscan/solscan/bscscan for holder distribution, tx patterns, dev wallets
• token sniffer or rugcheck[.]xyz for quick automated risk score
☆ for no locked/burned liquidity, check
• dexscreener
• unicrypt/team finance/pinksale
☆ for overhyped marketing with zero substance, check
• X - scan replies, not just likes. you can use advanced search
• discord/telegram - do people ask real questions? are tough ones deleted?
• community size vs engagement quality
☆ for no clear or copied documentation, check
• gitbook
• notion/medium/official website
• whitepaper or detailed tokenomics risk disclosures
additionally, you can use
• goplus or bubblemaps to check for hidden wallet clusters
• revoke[.]cash to check for dangerous approvals after interacting
• contract permissions to know - is ownership renounced? can they mint more tokens?
this is how to DYOR!
how many times have you contributed to a project that promises to reward contributors with excitement
only to end up with dust! 💔
yeah. it happens more than people admit and it’s not just money you lose
you lose time, energy and trust in the space too
but the truth is most of those losses were predictable, you just didn’t know the signs
well, here’s how to spot those signs
☆ anonymous team with no track record - if you can’t verify who’s building it, you’re the exit liquidity
☆ unrealistic apy, especially when it's “guaranteed” - if it sounds too good, it’s usually funded by new users
☆ no audits or fake audit claims - if you can’t verify a project's claimed “audit”, that's a red flag
☆ poor or rushed UI - a lot of us ignore this but a serious projects would invest in trust. so, a broken interface is often a reflection of incompetence
☆ no locked liquidity - if liquidity isn’t locked or transparent, they can pull it out anytime. again, confirm this onchain
☆ overhyped marketing with zero substance - if all you see is influencers giveaways, start asking questions
☆ no clear documentation - if there's no clear documentation of how it works, don’t put your money, time, trust or efforts into it
yayyyy or nayyyy?