You need to read this thread of threads.
It covers challenges, benefits, risks, progress and potential of Defi.
(it also led me to an exciting trade for this week)
1) This is my fifth and final post about The State of DeFi:
PROJECT SERUM
Previously:
How is DeFi? https://twitter.com/SBF_Alameda/status/1284965991445704705…
Trust and Centralization: https://twitter.com/SBF_Alameda/status/1285407575941345280…
Tonight We are Young: https://twitter.com/SBF_Alameda/status/1287119581501222914…
Doing It Right: https://twitter.com/SBF_Alameda/status/1287540873220112384…