The DeFi world is fraught with risks including scams, hacks, and volatile markets. It's essential to prioritize security by using hardware wallets, enabling two-factor authentication, and keeping abreast of common scams in the space. Moreover, diversifying investments and understanding the risk-reward ratio can mitigate potential losses, making risk management a key strategy for long-term success.

- Log in or register to contribute
Contribute to three or more articles across any domain to qualify for the Contributor badge. Please check back tomorrow for updates on your progress.