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Decentralized finance (DeFi) has experienced monumental growth over the years with the industry-wide total value locked (TVL) standing at over $91 billion by the close of 2024. Despite the head-spinning influx of funds into DeFi platforms, security concerns are running high.
Some DeFi users place their trust solely in the cryptographic security mechanism used by blockchains, assuming it to be nearly infallible. Yet, the DeFi space has witnessed the loss of billions due to hacks and exploits in recent years, a stark reminder that achieving comprehensive security on these platforms is far from an accomplished task.
Simply speaking, the pace of growth in the DeFi industry has far outstripped the security advancements made by its protocols. In an environment where hacks, rug pulls and smart contract vulnerability exploits are rife, what’s sorely needed is an industry-wide solution to address these challenges. We might now have that fix in the form of De.Fi (DEFI), an innovative, decentralized multichain protocol committed to safeguarding traders’ funds within the crypto finance ecosystem.
De.Fi offers a suite of products designed to enhance the security of investing and transacting on DeFi protocols. In the words of the De.Fi project team, its aim is to become the “CoinMarketCap of Security.”
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