3 ms·

Defi has other problems like the smart contracts getting exploited. $12b have been stolen from them according to the source below. https://www.elliptic.co/res

• capableweb 4y ago
  That's true, it's a inherent risk when you deal with "programmable money" in a open and decentralized ecosystem. While it is a risk, major platforms (like the ones mentioned in parent comment [except Compound]) haven't actually had any exploits of that scope (yet?). rekt.news is probably one of the best sources of news when it comes to exploits in both "pure" defi and also centralized "defi" (which, doesn't even make sense but I digress) like Celsius. Only Compound has been mentioned there. Overall, the platforms have been running for a long time, during ups and down, and seem relatively stable at this point, if you're fine with the overall risk cryptocurrencies present.