Can defi be regulated or should it be regulated?
The big question is who is going to regulated it, the smart contract where it is based is created to be decentralized and works on a principle of
if this then that
condition I don't think it should be regulated it's a big opposite of other financial institutions where there are third-person regulating the transactions and the operations.
But due diligence and understanding of how DeFi works can save you a lot of time and money.