Risk in Decentralized Finance: Is the DeFi Boom Another Bubble? — SFOX Edge

What Is Decentralized Finance?

Examining Risk in DeFi

MakerDAO: Centralization and collateral risk

Hacks and Exploits

Defi is tied to Ethereum

The social contract of MakerDAO is that MKR tokens take a haircut in the event of system failure. . . . Keepers and MKR buyers should prepare for sustained high gas prices, and downward pressure on ETH and MKR. The Dow Jones hit sell-off circuit breakers three times in the past week and a half. It’s a historic week.

Yesterday showed us just [how] immature this market is. We have a long way to go. We proved that nothing that works today will actually work at scale. We need global scale systems.

Progress in Scaling

DeFi Moving Forward

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