What is DeFi? — Crypto Ninjas Hub

BENEFITS OF DEFI

  • Lend your cryptocurrency
  • Get a Laon
  • Trading
  • Buy Derivatives
  • Save crypto assets

DEMERITS OF DEFI

  • Risk and volatility is high as there are no regulations and fear of scams.
  • Lack of consumer protection.
  • You can lose your crypto assets if you lose your passwords as there is no governing body that can help you to recover your password and crypto assets.
  • DeFi is still new and in experimental stage. Everything in DeFi is coded and code can have bugs. Bugs can lead to errors, hacks and money loss.

Originally published at https://cryptoninjashub.com on April 11, 2022.

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Aim to educate about the innovative and disruptive world with high end digitalization. catchus@cryptoninjashub.com cryptoninjashub.com

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CryptoNinjasHub

CryptoNinjasHub

Aim to educate about the innovative and disruptive world with high end digitalization. catchus@cryptoninjashub.com cryptoninjashub.com