These so-called Defi-like cefi products are creations of certain vested interests, designed to drain the credibility of the revolutionary Defi concept and redirect everyone's attention back to custodial finance. In the end, they use a financial crisis to wipe out the middle class, then complete the harvest by scooping up blood-soaked chips at the bottom. However, most project teams have no choice—if they don’t play the leverage game, they can’t grow their business; if they do, they’ll get wrecked.