When Borrowing On A DeFi Software

"I feel every DeFi protocol and each DeFi mission has a different stage of danger and a special level of reward," said Demirors. But, "it's important to grasp the rationale the reward is high is because the chance is greater. The reason we see high yield is there is risk here."

Part 2.6.25 is TON’s promise of decentralisation. It explicitly contrasts TON with Bitcoin and Ethereum, which run Proof-of-Work, which - apart from being a horrifying and reprehensible waste of power and https://toncat.org/ CO2 generator - has centralised as a consequence of economies of scale: the bigger you are, the more efficiently you may mine Bitcoin or Ethereum. TON uses a nominator system:

Quite the opposite to its perks, all trades, together with yield farming, comes with a set of risks. That’s particularly when smart contracts can be riddled with bugs. That was exactly the case with the token YAM in August 2020. There’s over $400 million locked into YAM on Uniswap, but there was a bug after it transpired. Subsequently, its worth crashed spectacularly from over $100 to around the $1 mark.