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.
Some may contend that the creation of squares through marking empowers a more serious level of versatility for blockchains. This is one reason the Ethereum network is intended to move from PoW to PoS in a bunch of specialized overhauls all things considered alluded to as ETH 2.0.