One of the scariest thing with DeFI is exploitation Yesterday DRIFT a defi protocol was exploited by hackers and $270M was taken Meaning if you deposited fund to earn yield 90% chances your funds are gone What will make defi more save is if there is a backed fund in a treasury for all deposited fund on a protocol So users can have peace of mind when depositing funds to earn yield. What do you think ?
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.