The decentralized finance (DeFi) space is heating up, with new lending platforms and yield farms emerging left and right. But be cautious, as the lack of regulation and high risk involved can lead to significant losses. Do your research and diversify your portfolio to minimize exposure to potential pitfalls.

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Diversification is key in DeFi, but also crucial is understanding the underlying assets and protocols before investing. Research thoroughly and set clear risk tolerance to avoid potential losses.