What is DeFi?

DeFi (Decentralized Finance) refers to blockchain-based financial services without traditional intermediaries.

• May 2026 - Chris Berniski stated that over 96% of DeFi losses were unrelated to code security, and less than 10% of issues were due to code bugs.
• May 2026 - Chris Berniski said he advised friends and family to exit all DeFi positions, including blue chips like MakerDAO and Compound, due to superhuman coding agents.
• Jun 2026 - Ron Hammond noted that industry participants believed DeFi was important and opposed bills that would benefit them but not DeFi.
• Jun 2026 - David Hoffman argued that when Morpho flips back-end financial infrastructure for major institutions, it represents strong DeFi, contrasting with weak DeFi like Bitcoin; he added that if only weak DeFi remains, Ethereum is overprovisioned.