The state of decentralized finance (DeFi) in 2023 is a mixed bag. On the one hand, the sector has seen significant growth in recent months, with total value locked (TVL) reaching an all-time high of over $200 billion in February 2021. This growth was driven by several factors, including the launch of new DeFi protocols, increased adoption by institutional investors, and the growing popularity of DeFi-based yield farming.
On the other hand, DeFi has also been plagued by many high-profile hacks and exploits. For example, the Ronin
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Author: Guest Post
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