Blockchain is an emerging technology and a global socioeconomic experiment. Cryptocurrencies, crypto assets, derivatives, and protocols, including PoS blockchains and DeFi smart contracts, are in their infancy. No one can predict how they will develop or which coins, tokens, and networks will eventually thrive.
The best example of this unpredictability is the unexpected and unprecedented 2019-21 growth of DeFi protocols and yield farming which were also fostered on platforms and sandboxes that encourage and incentivize open-source development.
Many new crypto ecosystems are designed to foster such robust innovation. The niche may carry many avenues yet to be explored. DeFi, PoS, and the modern blockchains ecosystems carry various risks to users and to networks that communities have to tackle together. Some known risks that could affect the current project include:
Copy link