DeFi has become the darling of the cryptocurrency industry over the past year. So let’s talk about the 5 categories of risks you face when investing in DeFi. Watch and learn.
0:00 What are the risks with DeFi?
0:39 Financial risk
1:59 Counterparty risk
2:38 Contract risk (primary and secondary contract risk)
5:09 Platform risk (conditions on the platform and vulnerabilities)
7:00 Compound risk
This video is part of the DeFi livestream in March 2021, where Andreas answered your questions related to Decentralized finance. Watch the whole video here: https://youtu.be/TAKZD1txBmI
LEARN from Andreas in one of his popular Workshops which will teach you practical crypto skills. There’s even a FREE Intro to Bitcoin & Open Blockchains to get you started. https://aantonop.io/takeaworkshop
You can also learn from one of aantonop’s many books. Andreas has written three technical books for developers about blockchain technology, Mastering Bitcoin, Mastering Ethereum, and Mastering the Lightning Network (2021) published by O’Reilly Media. He’s also written The Internet of Money Series books, which explain why bitcoin, ethereum, and open blockchains matter.
About aantonop: Andreas isn’t promoting a company or an organization; he’s paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at https://aantonop.com
From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission.