Risks of DeFi: Everything You Need to Know ❗️ | Blum Academy

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In this video, we break down the advantages and risks of decentralized finance (DeFi). From lower entry barriers to 24/7 market access, DeFi is reshaping the financial landscape. However, the risks of hacks, regulatory scrutiny, and fraudulent platforms are real. Learn about platforms like Blum that are working to simplify DeFi, and how to protect yourself in this ever-evolving space.

– The role of DAI and other stablecoins like USDT and USDC.
– How platforms like MakerDAO have changed the DeFi game.
– The risks of DeFi, including hacks, regulatory oversight, and smart contract vulnerabilities.
– Tips on how to navigate DeFi safely.
– Upcoming trends and developments in DeFi.

Part #1: https://youtu.be/mg7NTX_3_2o

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