decentralized finance (Defi) is attractive and more excited for us but at the same time it is full of risk.if we talk about the risk and lose then yesterday iron finance token losts it's value and come to $0.the sad news he that the billionaire Cuban invested in it and it's value crashed money of people withdraw their money.
here is his twitter response.
he said in his blog post that:
“You need to be able to afford to hedge the risk of pricing volatility between currencies. If you want to do this business with scale, across the world,it can be very expensive and risky,”
it seems like he is risk taker no doubt for entrepreneurship taking risk is necessary but he was i think hypnotized by Defi
after losing in (TITAN) he suggested some regulation for the project
There should be regulation to define what a stablecoin is and what collateralization is acceptable.
but i disagree with him because i don't think he was unaware of all the regulation and other things about project if he loses faced a crash then he surely knows the crash from $64 to zero
people people thinks that TITAN will goes high due to cuban.
for more reading:https://news.bitcoin.com/mark-cuban-iron-finance-token-crash-defi-regulation/
