DeFi - riscs and disadvantages

As you know, the main goal of DeFi is to become an alternative to the banking sector. But there are many risks for it, both general and specific:

🔹- Volatility of cryptocurrencies.
🔸- Fake tokens.
🔹- Developer scam.
🔸- Vulnerabilities and errors in the code of smart contracts.
🔹- Capture the majority of control tokens.

And of course you are aware of DeFi' disadvantages:
🔹- in times of high volatility, DeFi users will have to pay higher commissions to timely fulfill the necessary obligations to services, which in turn can lead to a sharp increase in commissions or to massive liquidation of assets.
🔹- the risk of hacking smart contracts, since there remains a need to trust the smart contract code that is written by a person.
🔹- centralization of data flow.
🔹- DeFi loans are inferior to loans in the traditional finance sector, since the amounts that can be obtained with the appropriate collateral are relatively small.

But if we imagine the need and convenience, the benefits and comfort that Defi will give us… 👉We will take risks in any case. For the benefit! 💰 Are you with us❓

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