A Big Deal for Defi ?

Vitalik Buterin, the co-founder of the Ethereum protocol, now calls Defi low risk, in a paper called "Low-risk defi can be for Ethereum what search was for Google".

"Defi hacks and losses continue to exist. But they are increasingly being pushed out to further edges of the ecosystem where users are more experimental and speculative. A stable core of applications is forming that is proving remarkably robust. Tail risks that cannot be ruled out continue to exist, but such tail risks exist in tradfi too - and given increasing global political instability, for many people worldwide the tail risks of tradfi are now greater than the tail risks of defi. In the long run, one could expect the transparency and automated execution in a mature defi ecosystem to make it much more stable than tradfi."

In this video, the Bankless team explains why it could be such a Big Deal for #Defi.