DeFi's composability creates cascading exploit risks while protocols handle risk idiosyncratically. Institutional adoption demands TradFi-style standardized frameworks.
Robert Schmitt
The author is an independent contributor writing an opinion or expert take. Views expressed are the author’s own and may not reflect Cointelegraph’s editorial position. Robert Schmitt is the founder and co-CEO at Cork, a DeFi primitive designed to enable the pricing, hedging and trading of risk in the crypto ecosystem. His vision for Cork arose from concerns about cascading risks in staked tokens and potential ecosystem-wide impacts. He specializes in DeFi, risk management, onchain credit, institutional DeFi adoption and stablecoins. Robert envisions a future where DeFi yield integrates with traditional finance, with Cork providing crucial risk management solutions for the evolving financial landscape.
- Opinion
There is no trust in DeFi without proper risk management