Jump to content
The Uniform Server Community
Sign in to follow this  

Is There Any Risk Involved With DeFi?

Recommended Posts

Handling the cryptos, finance tools requires some enhanced knowledge as there involve risk factors.

The DAO hack has occurred in June 2016,  through which hackers managed to transfer 1/3 of DAO funds to another account by making use of the vulnerability in its coding. This forced the restoration of funds by the hard-fork of the ethereum blockchain.

Some of the DeFi tools are gone through the security audits, for example, DAI, has gone for 4 security audit. Thus as a DeFi user, it is our responsibility to keep ourselves updated to the changing terms and conditions of DeFi services.

You can get a risk-less DeFi dapp services from a Best DeFi Development Company.

We can make open financial system with DeFi !!

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Create New...