In 2020, the DeFi space experienced tremendous growth in the form of new projects, tokens, and protocols. However, the same growth has also seen some of the earliest DeFi projects fail, leaving many investors and users wondering if these projects can recover.
In this video, we take a look at the most notable DeFi hacks of 2020 and whether or not they can recover. We’ll discuss the factors that led to the hacks, the losses that were incurred, and what the future could hold for these projects. We’ll also discuss the importance of taking security measures to protect your funds, as well as the role of the community in helping these projects recover.
At the end of the day, we hope that the DeFi space will continue to grow and thrive in 2021 and beyond.