How to Fix DeFi with Dan Elitzer
Bankless
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Navigating DeFi: Security and Evolution
This chapter focuses on the critical challenges within the decentralized finance (DeFi) sector, particularly the significant security vulnerabilities that have led to user losses and diminished trust. It discusses the essential role of oracles in providing reliable external data for DeFi protocols, emphasizing the need for resilience and diversification in the ecosystem. Additionally, the narrative explores the evolution of decentralized exchanges and automated market makers, underscoring the importance of minimizing external dependencies for a self-sufficient financial system.
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