DeFi Protocols Move Away From Discord as Scam Risks Rise
DeFi protocols are leaving public Discord servers due to overwhelming scam risks and difficulty in user protection.Summary
Decentralized finance (DeFi) protocols are increasingly abandoning public Discord servers, viewing the platform as a liability due to rampant scamming and phishing activities. Morpho, a DeFi lending protocol, recently moved its server to read-only mode, directing users to alternative support channels like Intercom, citing that users were being phished even with heavy monitoring.
DefiLlama’s founder, 0xngmi, echoed these concerns, noting that scammers can still direct message users even after being banned, making user protection nearly impossible on Discord. Industry leaders agree, suggesting that structured support systems, clear documentation, and asynchronous communication are superior to the constant engagement model of Discord. However, some community members argue that abandoning Discord risks losing a core feature of DeFi: open, peer-to-peer collaboration and direct access to project discussions.
(Source：Cointelegraph)