The concept of “cutting out the middle man” has been around in the defi ecosystem for a while. This allows anyone to connect directly to decentralized finance protocols without relying on traditional intermediaries. However, despite the potential of DEXs, developers need to find unique revenue sources. The decentralized nature of DEXs creates problems in providing the liquidity needed for each exchange to operate smoothly and enable users to buy and sell assets without significant price drift. Additionally, security risks, hacks, and smart contract vulnerabilities in the defi industry have eroded trust and confidence among some users and investors. At Defi, reputation is everything, and mitigating risk while regaining trust is essential for growth and stability. 📉#cryptonews#defi #DEX