the biggest risks of DeFi applications is,The smart contracts could be hacked.There could be a backdoor that allows someone to steal all of keys. What is the backup plan for this you have.Because we have to trust this and we need reason for that.
Due to the impact of the health pandemic and economic crisis, we
have observed a world of zero or negative interest rates in
comparison to a yearly yield of 5-9% of decentralized finance.