, some may feel discouraged or wary of entering the space. However, professionals within the crypto space are confident that DeFi will have broader adoption in the future.
The executive also gave advice to DeFi projects in terms of security issues. According to Bukov, performing security audits is of utmost importance. “My advice to any DeFi project is simple – don’t be lazy to do several security audits before releasing any update, this will save you a ton of nerves and highly likely – users’ funds,” he said.
Tolok also told Cointelegraph that a more mature market with more mechanisms that deal with vulnerabilities will eventually lead to more investor confidence.Meanwhile, BNB Chain executive Alvin Kan highlighted the importance of education to spark broader DeFi adoption. Kan told Cointelegraph that there needs to be more education for users. He explained that:
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A wider DeFi adoption can only be achieved with the right education. Retail investors need to learn the fundamentals of Web3 , Blockchain and Bitcoin before investing their money into these assets.
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