What are the risks of DeFi?
An example of an AI chatbot conversation about the risks associated with decentralized finance.
What are the main risks of using DeFi platforms?
The main risks of DeFi include smart contract vulnerabilities, market volatility, and regulatory uncertainties.
Can you explain smart contract vulnerabilities?
Sure! Smart contract vulnerabilities can lead to hacks or exploits, resulting in loss of funds. It's crucial to audit contracts.
What about market volatility?
Market volatility in DeFi can cause significant price swings, impacting your investments and liquidity.
Are there any regulatory risks I should be aware of?
Yes, regulatory risks include potential government actions that could affect the legality and operation of DeFi platforms.
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