How to Stay Safe in DeFi: Red Flags and Risks You Need to Know

Posted on by American Coins & Gold

How to Stay Safe in DeFi: Red Flags and Risks You Need to Know
Decentralized finance (DeFi) is one of the fastest-growing sectors of the crypto industry, with $92 billion worth of crypto assets currently locked in peer-to-peer powered protocols – up 196% over the last year.This growth can largely be attributed to the many lucrative, high-interest earning opportunities available across DeFi lending and trading platforms. But, of course, with any new crypto trend that draws significant attention and investment, there are always scammers looking for ways to capitalize on it – and you aren’t likely to get a refund for your mistakes.What is DeFi again?DeFi protocols are blockchain-based platforms that offer a range…