It seems you didn’t cover any of its risks. A smart contract with improper code implementations can be hacked, leading to losses of investors’ funds.
Proper research is necessary too. For instance, research can be used to sift between those protocols which include an insurance scheme
for depositors’ funds and those that don’t. Although defi was carbonized for Ethereum, there are excellent products being designed on other networks
and great offers across chains. But, grand video. Thanks.
Has the potential to failitate commerce but Governments will not allow DeFi without oversight and regulation as central banks need to maintain control over their currencies and financial systems.
I don’t know who, but someone actually needs to hear this, you’ve got to stop saving all your money. Venture into investing some, if you really want financial stability
I still dont understand the safety of Defi ??? Eg: I have 1 bitcoin or AAVE and someone borrows this as a loan , what guarantee do I have that I’ll receive my interest and that I’ll receive my Capital amount back ?
Awesome! Thank you 🙂
really good video about DeFi
I love luno. I am personally using luno as my crypto wallet. But your crypto listing is very limited. Hope more cryptos are listed
DeFi is definitely good and therefore Luno should have more functions in its platform than just a few cryptos.
It seems you didn’t cover any of its risks. A smart contract with improper code implementations can be hacked, leading to losses of investors’ funds.
Proper research is necessary too. For instance, research can be used to sift between those protocols which include an insurance scheme
for depositors’ funds and those that don’t. Although defi was carbonized for Ethereum, there are excellent products being designed on other networks
and great offers across chains. But, grand video. Thanks.
Has the potential to failitate commerce but Governments will not allow DeFi without oversight and regulation as central banks need to maintain control over their currencies and financial systems.
I don’t know who, but someone actually needs to hear this, you’ve got to stop saving all your money. Venture into investing some, if you really want financial stability
I still dont understand the safety of Defi ??? Eg: I have 1 bitcoin or AAVE and someone borrows this as a loan , what guarantee do I have that I’ll receive my interest and that I’ll receive my Capital amount back ?
Thanks for braking it down, making it so simple, is exactly what I have been trying to think through. In a nutshell. Have a wonderful successful day!