Lecture 4: The Risks in DeFi (Don’t Ignore This!)
Biggest DeFi Risks:
▶️ Smart contract bugs (code errors that hackers can exploit)
▶️ Impermanent loss (losing money while providing liquidity)
▶️ Rug pulls (scammers create fake projects and steal users' funds)
Example:
▶️ Imagine you put $1,000 into a new DeFi app.
▶️ If hackers find a bug in the smart contract, you could lose your money instantly.
Pro tip:
▶️ Stick to trusted projects (Uniswap, Aave, Maker)
▶️ Always DYOR (Do Your Own Research)
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