Decentralized In Name Only (DINO) are projects that are portrayed as decentralized but in fact are not.

DINO project may claim to be decentralized, but it still relies on a small group of individuals or entities to control its operations and make important decisions.

This can be a problem because one of the key benefits of DeFi is that it allows for decentralized control and decision-making, which can help to ensure the fairness and transparency of financial transactions.

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