Sonali Giovino, global head of ecosystems at De.Fi, believes decentralized finance security has gotten more coverage over the years because risks discourage adoption.
In the 50th episode of the Hashing It Out podcast, host Elisha Owusu Akyaw speaks with Sonali Giovino, global head of ecosystems at De.Fi, about the decentralized finance (DeFi) ecosystem. As the crypto space sees signs of a potential bull run, Giovino breaks down the power of DeFi, the problems associated with the sector, and how they could impact mass adoption in the coming years.
Giovino believes the groundwork has been laid for exponential growth in the decentralized finance world as the market turns green. However, she also explains that now is the most important time to consider the various risks that cut across the DeFi sector, from security to regulations.
Giovino explains that security has always been the biggest risk, with many smart contract vulnerabilities having led to major losses over the years. She adds that until recently, there was not enough attention given to DeFi security issues. This is changing as more developers work with auditors, more companies build security tools for users, and more events focus on DeFi security.
