Hi I’ve been seeing people and even VB mentioning about DeFi and earning interest as passive income.
What platforms are there at the moment and what are the risks associated with it?
How is the interest rate worth the risk? Also has there been any incident where lenders were given a shave like many central exchanges have penalties on lenders when a flash crash occurs?
I’ve only heard about Compound but am not sure what the risks and interest rates are but it seems some people think it is worth it. I’d like to know why is it worth it for them too.
Hope to get some insight and knowledge from those who’ve had some experience.