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Analysts identify 3 critical flaws that brought DeFi down

June 30, 2022 by DIGIT
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Poor risk management, insufficient revenue and the overuse of leverage are the core reasons why DeFi is crumbling.

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Categories Cryptocurrencies, leverage, Markets, Ponzi Scheme
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  • bitcoinBitcoin(BTC)$100,853.00-4.75%
  • ethereumEthereum(ETH)$3,658.05-5.52%
  • tetherTether(USDT)$1.000.08%
  • rippleXRP(XRP)$2.34-8.58%
  • binancecoinBNB(BNB)$694.12-2.87%
  • solanaSolana(SOL)$208.01-6.70%
  • dogecoinDogecoin(DOGE)$0.360850-8.05%
  • usd-coinUSDC(USDC)$1.000.06%
  • staked-etherLido Staked Ether(STETH)$3,653.63-5.31%
  • cardanoCardano(ADA)$0.98-6.44%
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  • bitcoinBitcoin(BTC)$100,853.00-4.75%
  • ethereumEthereum(ETH)$3,658.05-5.52%
  • tetherTether(USDT)$1.000.08%
  • rippleXRP(XRP)$2.34-8.58%
  • binancecoinBNB(BNB)$694.12-2.87%
  • solanaSolana(SOL)$208.01-6.70%
  • dogecoinDogecoin(DOGE)$0.360850-8.05%
  • usd-coinUSDC(USDC)$1.000.06%
  • staked-etherLido Staked Ether(STETH)$3,653.63-5.31%
  • cardanoCardano(ADA)$0.98-6.44%