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Mummykay π©πππ
@mummykay
Challenges and Risks While DeFi offers many advantages, it also comes with risks: Smart Contract Vulnerabilities: Bugs or exploits in smart contracts can lead to significant losses (e.g., the $600M Poly Network hack). Regulatory Uncertainty: Governments are still figuring out how to regulate DeFi, which could lead to restrictions or bans in certain jurisdictions. Volatility: Crypto assets are highly volatile, which can impact the stability of DeFi platforms. User Error: Since DeFi is non-custodial, users are responsible for their own security. Mistakes like losing private keys or sending funds to the wrong address can result in irreversible losses.
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Akoh Avuraππ©
@avura1310
Experience some bugs with metamask won't function at all π₯π₯
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