What are the risks associated with DeFi?

DeFi is not without its risks. The volatility of cryptos exposes users to unpredictable fluctuations, security flaws can lead to significant losses, and the quality of smart contracts is crucial to avoid potential mistakes.

We advise you not to touch it if you don’t have enough time to devote to DeFi. It’s also the place where there are traps, drainers, social hacking, hacking on your hot wallet (software wallet), in short it’s the place where you need to be the most vigilant and it’s where many people often lose their cryptocurrency. That said, it’s possible that over the next few years, processes will become increasingly secure!