What you’ll learn :
- What does DEFI stand for in crypto?
- What is DEFI and how does it work?
- What are the types of DEFI risks?
- Are the risks worth it?
DEFI gives anyone with an internet connection and a supported cryptocurrency wallet access to financial services previously off-limits or restricted by KYC. Centralised intermediaries have been replaced by decentralised and permissionless services automated by Smart Contract. Though removing the middleman democratises financial services it doesn’t remove the risk, which is instead transferred wholly to the user. So what are the risks of DEFI?
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