Nic Carter & Linda Jeng: DeFi Protocol Risk: The paradox of DeFi

"crypto markets are becoming highly interconnected with the traditional financial sector" 👉 Start learning with Alpe: https://link.alpeaudio.com/70to/d895de1 This episode is brought to you by Alpe Audio. Want to learn on the go but need more depth than a podcast? Alpe is the app for you. It’s an audio education app that brings great in depth courses that are as fun as podcasts but as educational as well, a degree. Each lesson comes with summaries, additional resources, flash cards and more. You can even find Ethereum Audible on Alpe with all those additional resources. __________________________ DeFi is growing and is quickly on its way to becoming a new financial paradigm, yet there are financial risks in DeFi that manifest in new ways that we haven’t seen in the traditional financial system: Interconnections with the traditional financial system, Operational risks stemming from underlying blockchains Smart contract-based vulnerabilities Other governance and regulatory risks Scalability challenges. In an effort to remove humans and automate as much as possible through smart contracts, DeFi has introduced or amplified these risks. This paper explores all of these aspects.

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