The biggest risk of DeFi applications is that smart contracts may be hacked. There may be a backdoor that allows others to steal all keys. What backup plan do you have for this. Because we must trust it, so we need reasons.
Both parties must sign a formal legal agreement to define terms such as the repayment schedule, interest and other necessary conditions. By integrating with OpenLaw, a project that creates legal contracts recorded on the blockchain, these terms can be formalized on the chain.
When PoS first appeared, a large part of the crypto community did not believe that just having a token was enough to eliminate bad behavior. One of their main concerns is called the "nowhere to be critical" problem