What are the risks of DeFi in finance?

Sure, here's a possible description in the tone of a questioner, with a word count of no more than 300: "As the world of finance continues to evolve, decentralized finance, or DeFi, has emerged as a major player. But with this new technology comes new risks. So, what exactly are the risks of DeFi in finance? For starters, DeFi is highly dependent on smart contracts, which are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. However, these smart contracts are not infallible and can be prone to errors or vulnerabilities, which could lead to significant financial losses. Additionally, DeFi platforms are often decentralized, meaning they operate without intermediaries like banks or governments. This can make them more vulnerable to cyber attacks and other forms of fraud. Without a central authority to oversee operations, it can be difficult to hold DeFi platforms accountable for any wrongdoing. Furthermore, the value of DeFi tokens and other digital assets can be highly volatile, making them risky investments. And since DeFi is still a relatively new and unregulated industry, investors may have limited legal recourse if things go wrong. So, in summary, the risks of DeFi in finance include smart contract errors, cyber attacks, fraud, and volatile asset prices. It's important for investors to carefully consider these risks before diving into the world of DeFi.