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.
This Banks have been able to obtain the central bank’s access to maturity (by matching short-term liabilities with long-term assets), switching credit (matching safety liabilities with risky assets), and switching liquidity (matching high liquidity). Liquidity and public sector credit guarantees. Debt
Non-current assets)