In the latest installment of the popular podcast, “Hashing It Out,” host Elisha Owusu Akyaw engages in an enlightening conversation with Sonali Giovino, the global head of ecosystems at De.Fi, on the subject of decentralized finance (DeFi). As the cryptocurrency market shows signs of a potential bull run, Giovino delves into the power of DeFi, the challenges it faces, and its potential impact on mass adoption in the years to come.
Giovino believes that the groundwork has been laid for exponential growth in the decentralized finance world as the market turns bullish. However, she also emphasizes the importance of considering the various risks that permeate the DeFi sector, ranging from security issues to regulatory concerns.
One of the major risks, according to Giovino, is security. Over the years, numerous smart contract vulnerabilities have resulted in significant losses. Until recently, not enough attention was given to addressing these security issues in the DeFi space. However, the situation is changing as more developers collaborate with auditors, more companies develop security tools for users, and more events focus on addressing DeFi security concerns.
Despite the risks involved, Giovino encourages individuals to explore the world of DeFi due to its empowering nature. To gain further insights, listeners are encouraged to tune in to the full episode of “Hashing It Out” on popular podcast platforms such as Spotify, Apple Podcasts, and TuneIn. Additionally, readers are also invited to explore Cointelegraph’s extensive collection of Web3 podcasts.
Disclaimer: This article is intended for informational purposes only and should not be construed as legal or investment advice. The views, thoughts, and opinions expressed in this article are solely those of the author and do not necessarily reflect or represent the views and opinions of Cointelegraph.