What is it Defi ?

Decentralized Finance Is a financial system on the blockchain allows users to transfer and borrow money without a third party such as banks, the operations are managed by something called the smart contract is to transfer money and deal with requests around the clock means there is no lie or delay and confidence is very high, but with all these positives there is a strong negative, which is that there is no broker bears responsibility also if the smart contract is exposed to the breach means you are fully responsible There is no bank to compensate you or a number to contact him and inquire from him

what happened in the attack!

On April 18, 2026, the big attack happened, hackers stole about $290 million from Aave before we knew how the attack happened, to know what Aave is a decentralized platform where users put their money to get an annual benefit, which is the largest in this area

FDIC vs DeFi: The Insurance Gap Explained؟

When you give your money to the bank, the bank invests money and gives you interest and stores money in the event of theft of money or any error in the bank there is a party responsible for your compensation you have a guarantee but in DiFe the subject is very different There is no official body for a company that follows the money only software code on the blockchain network manages everything You don't give your money to the owner of the code to change and do everything if a mistake occurs to the code is wrong You are responsible